Caninde Graphite Project
The Canindé Graphite Project comprises 12,325 hectares of exploration licenses near the town of Canindé, in Ceará State, north-eastern Brazil. The licenses cover high-grade metamorphic lithologies that are host to bodies of both disseminated and massive flake graphite mineralization.
Initial geological reconnaissance has identified a number of anomalous areas with massive flake graphite bodies up to approximately 10 metres wide associated with wider zones of lower-grade disseminated graphite flake occurrences along a twelve kilometre long, north-northwest trend within the license block. Analytical results for rock chip sampling of surface outcrops from eight of these occurrences has indicated graphitic carbon contents as high as 32.48% as shown in the following table:
| Target | Locality | Sample | Graphite Carbon % |
| Canindé 1 | São Luis | CAN-R-9 | 32.48 |
| Canindé 1 | São Luis | CAN-R-10 |
29.23 |
| Canindé 1 | São Luis | CAN-R-11 |
0.80 |
| Canindé 1 | São Luis | CAN-R-12 |
23.93 |
| Canindé 2 | São Luis West | CAN-R-1 |
13.21 |
| Canindé 2 | São Luis West | CAN-R-20 |
1.02 |
| Canindé 2 | São Luis West | CAN-R-21 |
0.83 |
| Canindé 2 | São Luis West | CAN-R-22 |
1.17 |
| Canindé 2 | São Luis West | CAN-R-23 |
1.20 |
| Canindé 3 | Canindé River Dam | CAN-R-2 |
1.08 |
| Canindé 4 | Barra da Canção | CAN-R-3 |
1.12 |
| Canindé 4 | Barra da Canção | CAN-R-4 |
1.07 |
| Canindé 4 | Barra da Canção | CAN-R-5 |
1.12 |
| Canindé 5 | Barra do Canção North | CAN-R-6 |
6.32 |
| Canindé 5 | Barra do Canção North | CAN-R-7 |
4.20 |
| Canindé 5 | Barra do Canção North | CAN-R-8 |
1.79 |
| Canindé 6 | Chapada do Cachoeirinha | CAN-R-13 |
11.60 |
| Canindé 7 | Canção Central | CAN-R-26 |
0.79 |
| Canindé 8 | Barra da Canção South | CAN-R-29 |
0.45 |
The occurrences are hosted within gently dipping schistose rocks and shear zones developed within a complex of felsic gneisses with local meta-sedimentary schist enclaves. The mineralized zones are conspicuously related to a system of sheeted pegmatite veins with individual veins from a few centimeters up to a meter or so in width. The structural setting and local topography would be generally favourable for the use of open pit mining methods if significant resources can be identified through future systematic exploration.
