Noram Ventures Inc. (TSXV:NRM) confirmed thick intervals of graphite near the surface from drill results completed on the Kokanee Flake-Graphite Property in Nelson, BC. A graphite-bearing horizon in early Palaeozoic metamorphosed sediments over a 2 km strike length and up to 200 meters wide are indicated by surface exposures and an electromagnetic anomaly. Grades ranging from 0.70 to 7% graphite are shown in this zone by surface samples that have been collected. Six NQ diamond drill holes, that totaled 1,376m, were completed over a 1,200m strike length of the zone.
As quoted in the press release:
The drilling was successful in meeting its objectives. All holes intersected significant graphite mineralization, and preliminary results indicate the possibility of a continuous zone of mineralization over the full 1,200m strike length drilled. Drilling projects a down-dip depth of 150 to 200m and the zone is open in both directions along the 2km strike length.
Noram Ventures Inc. President, Dave Rees said:
The potential tonnage and grades are in line with other graphite deposits being developed in eastern Canada. And the Kokanee Property is one of only a few graphite projects currently being developed in western North America, which offers us an advantage in serving the markets of the northern Pacific Rim.
Investing in graphite? Graphite One Resources Inc. (TSXV:GPH,OTCQX:GPHOF) is advancing the Graphite Creek Deposit in Alaska - North America’s largest known large flake graphite deposit.
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