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Next Graphite (OTCQB:GPNE) announced that it had received the results of testings done from Aukum site, with an average grade of 41.58 percent from 84 samples. About 95 percent of the samples tested to date range from 32 to 69 percent graphite content.
According to the press release:
Samples of screened and unscreened graphite bearing rock were collected from the Company’s 140,000 metric tonne on-site heaps. Tests carried out on 84 samples from the bulk screening phase graded an average of 41.58 % graphite. 95% of samples tested to date range from 32% to 69% graphite content with the highest sample recorded at 82% graphite. Additionally, GPNE tested a representative sample collected from its 350 metric tonne fines stockpile. This unscreened sample graded 35% graphite content.
Cliff Bream, CEO of Next Graphite, said:
Our testing phase and preliminary results from Gecko Laboratories is a significant validation and milestone at our Aukum site. We will continue our testing and begin more detailed, flotation testing on our samples and then report these new findings to our shareholders. With these preliminary results in hand, we will continue our testing at SGS Labs in Canada to also evaluate the processing equipment and mining options needed to commercialize our on-site graphite, at the highest price we can obtain from the market.
Click here to read the Next Graphite Inc. (OTCQB:GPNE) press release
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