Tawsho Mining Inc. (TSXV:TAW) announced that samples from its Cabot property located in Newfoundland showed graphite rich formations with widths larger than 50m and up to 250m in fold noses with grades between 1.67% and 14.32%.
As quoted in the press release:
The graphite bearing rock units, however, are rarely exposed on the Cabot property, and where exposed, they are difficult to sample due to their recessive weathering characteristic. The most strongly mineralized intervals occur in the most schistose intervals within the graphitic rock units.
Investing in graphite? Eagle Graphite Incorporated (TSXV:EGA) owns one of only two natural flake graphite production facilities in North America. Eagle Graphite recently achieved 99.995% purity from flake graphite produced from the processing plant of the Black Crystal project in BC.
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