The Conversation (0)
Graphite One Resources Inc. (TSXV:GPH, OTCQX:GPHOF) reported an increase to the existing inferred resource by 68% to 284.71 Million Tonnes of 4.5% Graphitic Carbon, and by 41% to 37.68Mt of 9.2% Cg at cut-offs of 2% Cg and 7% Cg, respectively.
As quoted in the press release:
Highlights:
- Largest known, high grade, large flake Graphite Deposit in the United States and North America.
- This new and expanded inferred resource is comprised of 2012 and 2013 drilling by Graphite One and represents a 68% increase of the estimated in situ graphite from the previous 2012 maiden resource.
- High-grade graphite mineralization is at surface and extends from surface to depths of over 200m.
- The 2013 drilling program further confirmed excellent continuity of near surface, high grade graphite within a simple and accessible geological setting and doubled the strike length of current mineralization at the Graphite Creek Deposit to 4.8 km’s.
- The resource area (4.8km) only represents drilling along 27% of an 18km long electro-magnetic conductor.
- The Deposit remains open along strike to both the east and west, and down dip. Every hole continues to be mineralized from top to bottom.
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.