Energizer Resources Inc. (TSX:EGZ,OTCBB:ENZR,FWB:YE5) received additional assays from its National Instrument (NI) 43-101 graphite resource drill program on the Molo deposit, with results continuing to outline the targeted deposit size and boundaries, and grade of the Molo deposit.
As quoted in the press release:
Drill and trench data received to date, as well as mapping, prospecting and geophysical surveying, confirms graphite mineralization at surface, and over an area of at least 250,000 m2. The depth of mineralization that has been confirmed by drilling is in excess of 300 metres. With these results, the Company continues to move forward outlining a potential deposit size of 80-120 million tonnes. As well, the assays have outlined a grade average of between 5 and 8% carbon.