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Graphite One (TSXV:GPH,OTCQX:GPHOF) announced that it has completed its 2014 field program and has intersected visible graphite mineralization in all 22 holes at its Graphite Creek property. The highest grade and near surface zone 1 mineralization ranges from three to 12 percent graphite while zone 2 ranges from three to seven percent graphite.
According to the press release:
In total, twenty-two diamond drill holes were completed amounting to 2,296.6 meters. Drill holes were typically spaced about 50 meters apart horizontally along the strike of the mineralized beds, with two or more holes drilled on 11 sections through the mineralization. The 2014 drill program was designed to infill between previous drill holes utilized in the 2014 inferred resource to increase the confidence in the continuity and distribution of the graphite mineralization. All drill holes will be logged and sampled from top to bottom. All drill holes were noted as having visible graphite mineralization.
Anthony Huston, CEO, President, Director and Chief Executive Officer, said:
We are pleased to have completed another successful drill campaign and look forward to increasing our understanding of the already impressive resource at the Graphite Creek deposit. It is the largest flake graphite deposit in North America and the United States’ only advanced large flake graphite deposit. Completing this program puts us in the position to finalize our preliminary economic assessment to demonstrate to the market how robust the project will be.
Click here to read the Graphite One (TSXV:GPH,OTCQX:GPHOF) press release
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