Energizer Resources Inc. (TSX:EGZ,OTCBB:ENZR,FWB:YE5) has identified the presence of graphite on the Green Giant Project in Madagascar.
As quoted in the press release:
The identification of graphite as a potential credit to the Company’s NI 43-101 compliant vanadium resource led Company geologists to conduct a reconnaissance exploration program on the Property in September, with the goal of delineating new graphitic trends, and comparing them to those associated with the vanadium mineralization. In the course of this exploration, graphitic trends were identified on the Property, which were visually determined to be of both higher carbon content, and larger flake size than those associated with the vanadium mineralization. Based on these field observations, 10 diamond drill holes (totalling 1157.5 metres) and 16 trenches (totalling 1912 metres) were completed over prospective graphitic units. Samples collected from these drill holes and trenches were submitted to Mintek for graphitic carbon analysis.
The Joint Venture Agreement recently signed with Australian company Malagasy Minerals Limited (“Malagasy”) (ASX:MGY) for the exploration and development of industrial minerals (News Release dated December 15, 2011), prompted an additional reconnaissance exploration program in December. The purpose of this program was to ascertain the industrial mineral potential of Energizer and Malagasy’s joint property, in addition to further drill testing of graphitic trends on the Green Giant Property in advance of Madagascar’s rainy season. During the course of this reconnaissance exploration, vanadium trends were confirmed to extend off of the Green Giant Property, and multiple graphitic trends were identified. In total, 19 diamond drill holes (totalling 2701 metres) were completed during the course of this exploration. All samples collected during this program will be submitted to Mintek in January for graphitic analysis.
Click here to see the Energizer Resources Inc. (TSX:EGZ,OTCBB:ENZR,FWB:YE5) profile.