Frenchvale - Argyle Resources

FRENCHVALE

INTrODUCTION

Nova Scotia, Canada

The Frenchvale Graphite Property is located in northeastern Nova Scotia on the island of Cape Breton and is 19 kilometres west-southwest of Sydney.

The Property contains several varieties of metallic skarns in multiple locations, some of which have undergone moderate development, as well as numerous graphite occurrences at various stages of exploration.
The main graphite occurrence (the “Main Zone”), approximately 800 metres west of Campbell Lake, was drill-tested in 2023 with assays returning graphite grades as high as 6.0% over 0.17 metres, and a separate composited grade of 4.3% over 3.3 metres.

Drill hole FV-10-01 from 2010 exhibits a 36.4 weight percent of medium and coarse graphite flakes within a 1.06-meter interval which assayed 4.76% graphite.
Approximately 20% of graphite from submitted samples can be considered fully liberated (free) upon grinding, with calcite accounting for the largest proportion of minerals externally-associated to graphite.
The Property is at early stages of exploration and holds potential for additional discovery.