Nevado Resources Corporation (TSXV:VDO,FWB:NSV) announced it has started exploration on the Fermont graphite property.
As quoted in the press release:
The goal of this initial program is to identify the graphite conductors using a Beep Mat and excavate trenches on the best conductors to assess the property’s potential.
This first program will give us an idea of the potential of the Fermont property. Our property has the advantage of being situated directly east of Focus Graphite’s Lac Knife deposit (measured and indicated resource of 4.97 Mt at 15.67% Cgr) and hosting a large number of electromagnetic anomalies.