The Graphite West Project is a highly prospective hydrothermal graphite. It is located immediately west of the Zenyatta Graphene’s Albany hydrothermal graphite project. In 2011, Zenyatta discovered a large high-purity, crystalline graphite deposit. A helicopter-supported drone magnetometer survey was conducted on the Graphite West claims by Zen Geomap Inc. in August of 2018. The property is comprised of 37 claims and 560 hectares of land, located 75km NW of the township of Hearst in the mineral rich Porcupine Mining division of Northern Ontario. The Graphite West Project is located in the legendary “Arc of Fire”.
Hydrothermal graphite plays an increasingly crucial role in everyday life with emerging green energy technologies. Currently graphite has applications in our everyday lives buts seen unprecedented demand due to the emergence of cleantech space. Graphene is a major component of the lithium-ion battery. Lithium-ion battery sales are expected to escalate as the auto industry pivots its manufacturing to a greener line of automobiles to meet a very growing demand. Other growth markets for graphite are industrial lubricants, the medical field and in aerospace.
Asia-Pacific is the largest market for graphite, accounting for over 40% of the global market in 2017. The growth of the graphite market in Asia-Pacific is primarily due to the growth of its end-user industries, such as electronics, foundry and photovoltaic in countries, like China, India, Japan, and South Korea. China has one of the largest markets for semiconductor industry and registered a growth of 19.4% in 2016 and almost 20.0% in 2017 the Associated Chambers of Commerce of India (ASSOCHAM), the Indian electronics industry is expected to reach USD 112-130 billion at the end of 2018 due to the increase of their electronics-manufacturing base. The growth of these industries is expected during the forecast period (2018-2023), which is simultaneously boosting the market for graphite.
About The “Arc of Fire”
The “Arc of Fire” consists of several large multi-phased mafic-phased mafic-ultramafic-alkalic complexes forming an arc line approximately 150 km long. The “Arc of Fire” is believed to also represent a deep-seated Proterozoic structure that may be related to the 1.1-billion-year-old Mid-Continent Rifting. The Mid-Continent Rift is a known deep seated structural environment that hosts several significant mineral deposits around Lake Superior, including the recently discovered Rio Tinto’s Eagle, Tamarack’s Cu-Ni deposits and Magma’s TBN PGM deposit. Rifting environments around the world are host to many large mineral deposits.
