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Northern Graphite Begins Drilling

Written by Investing News Network
|
Oct. 01, 2012 07:44PM PST

Northern Graphite Corporation (TSXV:NGC,OTCQX:NGPHF) announced it has commenced a drill program on its Bissett Creek graphite project.

Northern Graphite Corporation (TSXV:NGC,OTCQX:NGPHF) announced it has commenced a drill program on its Bissett Creek graphite project.

As quoted in the press release:

The drill program is designed to follow up on opportunities identified in the recently completed bankable feasibility study (“FS”) to further improve the already attractive economics of the Bissett Creek project.

The main objective of the drill program is to upgrade inferred resources both within and outside the FS pit shell to the indicated category. The FS considers approximately 1.5 million tonnes of inferred resources within the pit as waste and includes the processing of a low grade stockpile that exceeds 2.5 million tonnes.

Click here to read the Northern Graphite Corporation (TSXV:NGC) press release.  

tsxv:ngc otcqx:ngphf bissett creek graphite
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