Asbury Graphite Mine

December 4, 2012, Uragold sold the Asbury Property to Canada Carbons (TSX-V: CCB)

Terms:

  • Uragold received a total cash payment of $300,000 CDN and 5,000,000 common shares of Canada Carbon Inc..
  • Canada Carbon will pay to Uragold a yearly royalty of 0.75% on the net production cost for a period of 10 years after the start of graphite production.

 

Latest News

  • September 5, 2012
    URAGOLD SIGNS DEFINITIVE AGREEMENT WITH BOLERO TO SELL THE ASBURY GRAPHITE MINE
  • August 9, 2012
    URAGOLD SIGNS A TERM SHEET WITH BOLERO TO SELL THE ASBURY GRAPHITE MINE

Highlights

  • Closed open-pit large flake graphite mine
  • Historical deposit of 578,000 t @ 10% Cg
  • Deposit open at depth
  • Additional high grade zones
  • Potential for Mt discoveries
  • Closed mill on site
  • Low Strip Ratio

Details

  • Location: Notre-Dame-de-Laus
  • County: Antoine-Labelle

Property is accessible by well paved roads, one hour and thirty minutes drive from Ottawa

Pictures of the Asbury Graphite Mine 1980s.

Courtesy of Asbury Carbons for Uragold

Asbury Graphite Mine property, March 2012