Eagle Graphite Commences Exploration Program at Plant Site

Eagle Graphite (TSXV:EGA,FWB:NJGN) has commenced its 2015 exploration program on its plant site located 35 kilometres west of Nelson, British Columbia, Canada. Eagle Graphite will be exploring a portion of its 200 hectare plant lease. Activities planned include surface trenching and diamond drilling,

As quoted in the press release:

The Company intends to explore a significant portion of its 200 hectare (“ha”) plant lease, including the location known as the “Beau Zone”. This flake graphite prospect was discovered in 2002 at an outcrop exposure above Koch Creek, approximately 100 metres from the graphite processing plant, followed by a further discovery of graphite mineralization in an electrical grounding drill hole drilled adjacent to the plant. In the subsequent seven diamond drill hole program, also conducted in 2002, a graphite zone was transected in five of the holes.

The Company is now resuming the exploration work at the plant area. Planned activities between now and June 2015 include surface trenching and diamond drilling, making continuous refinements to the program as new information becomes available. Eagle Graphite’s current National Instrument 43-101 compliant resource estimate does not include any mineralization from this area.

Eagle Graphite CEO, Jamie Deith, said:

We are excited to have this work underway. We anticipate that within a few months, we will have greatly improved our understanding of the structural geology of the deposit. While there is no certainty of establishing any incremental resource estimate, we would be very pleased if it does turn out that way. Having a resource available this close to our plant could significantly broaden our options for further development of the project.

Click here to read the Eagle Graphite (TSXV:EGA,FWB:NJGN) press release