Airborne Survey Identifies Multiple Graphite Exploration Targets Adjacent to LDI Graphite Mine in Québec
VANCOUVER, British Columbia, July 24, 2023 (GLOBE NEWSWIRE) — Cullinan Metals Corp. (CSE: CMT), (OTCQB:CMTNF), (FWB: 7KO) (“Cullinan Metals” or the “Company”) is pleased to announce the results of an airborne MAG/TDEM survey conducted at its Lac-des-Îles West Graphite Property (“Lac-des-Îles” or the “Property”). The survey has revealed exciting findings that indicate significant potential for graphite mineralization. Particularly, two highly promising exploration targets, T1 and T2, have been identified north of the Lac des Iles graphite mine (the “LDI”), currently owned by Northern Graphite Corp (TSXV: NGC) (see Figure 1 below). As the sole significant graphite producer in North America, the LDI graphite mine has been in operation for over 20 years and is expected to continue producing up to 15,000 tonnes per year of graphite concentrate over the next two to three years.