Standard Graphite Corp. (TSXV:SGH,OTCQX:DARDF) confirmed graphite mineralization on the newly discovered Oat Zone on the Mousseau East Project thru assay results from the 2012 drill program. Follow-up drilling has been planned and will commence after permitting.
As quoted in the press release:
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.
Standard Graphite President and CEO Chris Bogart said:
The Oat Zone discovery is very critical for the development of the Mousseau East Project and we believe will contribute significantly to the expansion of the resource potential on the project. We are now confident that following this next program, Standard will have obtained sufficient geological information to conduct a resource estimate and move the project to its next stage of development.