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Graphite One Announce Exploration Updates

Investing News Network
Jul. 12, 2012 03:09PM PST
Resource Investing

Graphite One Resources Inc. (TSXV:GPH,OTCQX:GPHOF) announces exploration updates for Graphite Creek: 307 rock grab samples have been collected and mapped, drill holes 12GC001 and 12GC002 completed and tested surface graphite showings near Graphite Creek coincident with a high priority EM conductor, and 3 surface mini-bulk samples for mineralogy and metallurgical testing completed.

Graphite One Resources Inc. (TSXV:GPH,OTCQX:GPHOF) announces exploration updates for Graphite Creek: 307 rock grab samples have been collected and mapped, drill holes 12GC001 and 12GC002 completed and tested surface graphite showings near Graphite Creek coincident with a high priority EM conductor, and 3 surface mini-bulk samples for mineralogy and metallurgical testing completed.

As quoted in the press release:

Graphite One has: (1) collected 307 rock grab samples and mapped along the known EM conductor(s) to test strike extent and grade of graphite mineralization on surface; (2) Completed drill holes 12GC001 and 12GC002 which tested surface graphite showings near Graphite Creek coincident with a high priority EM conductor. Drill hole 12GC001 was drilled to 428.85m and drill hole 12GC002 to 380.1m respectively; and (3) completed 3 surface mini-bulk samples for mineralogy and metallurgical testing which total approximately 10.5 metric tonnes. To date, over 800 metres of drilling has been completed at the Graphite Creek Property.

Graphite One has now installed its core logging and sample preparation laboratory/facility in Nome, Alaska. The sample preparation laboratory will be managed by Actlabs, in Ancaster, Ontario. This will ensure Graphite One maintains the highest level of QA/QC and ensures timely receipt of analytical results.

Graphite One Resources President and Director Anthony Huston said:

Our exploration program has commenced with great success. We have extended the depths of the initial drill holes significantly more than originally planned due to continued mineralization. The initial drill logs are very encouraging with the intercepts being well mineralized over long intervals.

Click here to read the Graphite One Resources (TSXV:GPH,OTCQX:GPHOF) press release

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