Graphite Digest — May 18, 2012
May 18, 2012

Pinestar declines Option to acquire Australia Graphite Properties

Pinestar Gold Inc TSXV:PNS announced May 18 it will not exercise its option to acquire 11 graphite properties in four Australian states. The option with Zimtu Capital Corp TSXV:ZC and Strategic Resource Management Pty Ltd was announced March 1.

Rainbow stakes BC Graphite Prospects

Rainbow Resources Inc TSXV:RBW announced May 17 acquisition of graphite prospects in southwest BC. The company has staked two claim blocks covering over 40 square kilometres west and southwest of its flagship Big Strike Gold-Silver Project in the Slocan Mining District. The 2,100-hectare Claim Block #1 lies immediately north of Anglo Swiss Resources’ TSXV:ASW Blu Starr Graphite Property and 14 kilometres from Eagle Graphite’s mine, one of North America’s two flake-graphite producers. The 2,100-hectare Claim Block #2 is contiguous to Blu Starr’s southern boundary.

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