Eagle Graphite Announce Property Potential Expanded with New Drill Results and Graphite Discoveries

Eagle Graphite Incorporated (TSXV:EGA) announced it has now received all assays from its 2015 diamond drill program at its Black Crystal graphite project.
As quoted in the press release:

Drilling at Hoder Creek not only continued to confirm the presence of mineralization similar to that already established at its permitted Quarry, an additional zone was identified which further expands the potential of the Hoder Creek group of mineral claims. Additionally, preliminary drilling at the plant site has highlighted an outcrop which hosts multiple graphite bearing seams in excess of 10 meters in width. Given that this mineralization is located less than 100 meters from Eagle Graphite’s flotation plant, this showing could represent a significant future target.

Plant Site Drilling Results

The 2015 Plant Site diamond drilling program was designed to follow up on the previously drill tested graphite mineralization which first discovered in 2002 in an outcrop exposure above Koch Creek, approximately 100 meters from the graphite processing facility. Results from the eight holes drilled at the plant site during the 2015 program (EGPS-15-001 through EGPS-15-008) in conjunction with surface trenching indicate multiple beds of graphite bearing marble which have undergone extensive folding and structural manipulation.
At the plant site holes EGPS-15-001 through EGC-15-006 were drilled from the southern margin of the outcrop in order to test the down plunge continuity of the graphite bearing horizons. From these holes up to 1.75% graphite was intersected over 15.20m in near surface mineralization. Additionally, two scissor holes, EGPS-15-007 and EGPS-15-008 were cored from the north end of the outcrop which were designed to “scissor” the previous six holes in order better understand the orientation of the graphite beds. Results from these holes intersected 1.23% graphite over 20.20m. As a result of the complex folding of the seams, the exact orientation of the mineralization is not yet fully understood; however, preliminary drilling indicates the beds are dipping 30 degrees to the north north-east. The Plant site showing remains open both at depth and along strike.

Hoder Creek Drilling Results

At the Hoder Creek Quarry area two holes (EGC-15-001 and EGC-15-002) were drilled outside the area already permitted for extraction under the 5Y Quarry Plan. The two holes tested the eastern extension of the higher grade graphite mineralization which is observed at the Quarry. 23 additional holes were cored in a new showing, Hoder South, located 1km south of the Hoder Creek Quarry on mineral claims outside the mining lease. The Hoder South showing indicates a broad area of graphite mineralization on surface. Drilling at Hoder South was designed to test the tenor and continuity of this graphite mineralization.
Holes drilled at Hoder Creek continued to expand the zone and intersect promising graphite mineralization which includes EGC-15-01 which returned 1.95% graphite over 27.15m. All drill holes cored at Hoder South intersected anomalous graphite mineralization, along with two holes indicating the presence of a graphite bearing seam similar in nature to the Hoder Creek Quarry in the Southern region of the showing. The most notable hole in Hoder South, EGC-15-23, intersected a near surface graphite bearing seam which returned 1.16% graphite over 4.70m. This south-west dipping seam remains open to the south and future drilling into this hanging wall region represents a target of promising potential.

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