Standard Graphite Corporation reported that the assay results from the 2012 drill program on the newly discovered Oat Zone confirms graphite mineralization. The Oat Zone has now been traced over a strike length of 500m, shows significant widths and is known to crop-out to surface. Current geological interpretation of the Oat Zone concludes that is probably made up of several graphitic horizons and this model will need to be validated with further drilling.

A follow-up drill program has being planned for the Oat Zone and will commence upon permitting. The first objective will aim at testing the direct extensions of the wider graphitic horizons intercepted during the reconnaissance phase and secondly, to test areas with similar conductivity and geometry as that characterizing the main zone at Mousseau East for the possibility of hosting graphitic rocks.