Graphite One Commences Drilling on Graphite Creek

- September 24th, 2013

Graphite One Resources Inc. (TSXV:GPH,OTCQX:GPHOF) has commenced drilling on the Graphite Creek Property.

Graphite One Resources Inc. (TSXV:GPH,OTCQX:GPHOF) has commenced drilling on the Graphite Creek Property. The drill program is set to accomplish the following: expand the existing NI 43-101 compliant resource, develop a Quality Assurance Program Plan, and continue to develop and implement bench scale metallurgical testing.

As quoted in the press release:

This program is designed to accomplish three key objectives:

1. Expand the existing National Instrument 43-101 compliant resource (NI 43-101) of 164.5 Million Tonnes at 4.61 percent Graphite (see press release dated January 21, 2013) by drilling 600 to 800 meters in a minimum of 6 drillholes.  The resource represents drilling along 2.2 kilometers of an 18 kilometer long conductor. The 2013 drilling is designed to continue to demonstrate the continuity of the mineralization along strike which appears to potentially be an additional 15.8 kilometers in length based on sampling, mapping and geophysics.  As demonstrated by the step out drillhole (Drill Hole 12GCH008; 2012 Drilling) which is 2.2km west of the inferred resource as well as surface grab samples, mapping and the airborne geophysical survey signature, there is significant upside potential for resource increase as the deposit remains open at depth and along strike.  Integration of this data will add significant value as we work towards a Preliminary Economic Assessment (PEA) and Bankable Feasibility Study (BFS) over the upcoming months;

2. Developing a Quality Assurance Program Plan (QAPP).  As an integral part of the mine permitting process Graphite One will continue to develop its QAPP.  As well, Graphite One Resources is committed to a regimented QA/QC program including utilizing standards, blanks and duplicates as per normal industry standards;

3. Continue to develop and implement bench scale metallurgical testing.  Graphite One has demonstrated a leaching process capable of producing a high purity of 99.2 per cent graphitic carbon (Cg) from a rough concentrate. Metallurgical test work from Graphite Creek material is continuing to develop a simple concentration and leaching process to produce an ultrahigh purity (99.9 percent Cg) graphite product.  Spherical graphite is used to make the anodes in lithium-ion batteries and is manufactured from the flake concentrate produced by graphite mining operations. Natural graphite produced from mining typically has recoveries from 70 per cent to plus 90 per cent graphitic carbon, whereas synthetic graphite is usually greater than 99 per cent. With initial tests from Graphite Creek concentrates being above 99 percent graphite, the company hopes to be positioned to compete in the $13-billion (1.5 million tonnes annually) synthetic market.

Graphite One Resources President and Director, Anthony Huston, said:

We are excited about our 2013 field campaign where we’ll continue to grow our world class resource ahead of our PEA and BFS with our current drill program. The Graphite Creek property is the largest known flake graphite deposit in North America. We look forward to continuing to develop this asset and continuing to position Graphite One to meet the rapidly growing demands of the graphite industry, including the graphene revolution that is underway.  We look forward to continued news flow over the coming months and ultimately an expansion of our existing resource.

Click here to read the Graphite One Resources Inc. (TSXV:GPH,OTCQX:GPHOF) press release
Click here to see the Graphite One Resources Inc. (TSXV:GPH,OTCQX:GPHOF) profile.

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