Strike Graphite Intersects 148.7 Meter Graphite Zone

Strike Graphite (TSXV:SRK) provided an exploration update at its Simon Lake Property in north-central Saskatchewan where a diamond-drill campaign is underway. To date, the company’s second drill hole has intersected a 148.7 meter Graphite Zone.

As quoted in the press release, highlights include:

• Hole SL-12-001 encountered three graphitic intervals beginning at the start of bedrock;
• Hole SL-12-002 encountered a 148.7 metre graphitic zone.

Recently completed drill hole SL-12-002 encountered approximately 132.5 metres of graphite bearing rocks over a 148.7 metre zone between 72.1 and 220.8 metres depth. Seven individual graphite-bearing intervals range between 5.0 and 40.5 metres wide; and are separated by narrower intervals of trace-to-non-graphite bearing intervals of between 0.9 and 6.0 metres. The hole ended at 240.9 metres depth. SL-12-002 was oriented perpendicular to the strike of the graphite bearing units at Simon Lake, and was orientated at 153° with a dip of -45°. Flake graphite has been encountered in both holes to date; and field determinations indicate that graphite flakes of up to 4 millimeters in length are present.

Hole SL-12-002 was designed to follow up on historic hole 2-72 where historic reports indicate “abundant graphite” between 90 metres to the end of the hole (at 160 metres depth). Descriptions of “abundant” graphite in historic hole 2-72 appear to be relevant to the current hole SL-12-002.

Blair Way, Strike Graphite’s CEO, commented:

Drill results to date continue to meet our expectations of discovering significant large flake graphite zones. This second hole has yielded close to 150 meters of graphitic material. We look forward to seeing the lab test work results in the coming weeks.

Click here to view the full press release.