Business
Graphite One Commences Drilling
(via Thenewswire.ca) September 24, 2013 - Calgary, Alberta - Graphite One Resources Inc....
About this update from Graphite One Inc.
[{"type":"text","content":"Graphite One Commences Drilling(via Thenewswire.ca)\n\n \nSeptember 24, 2013 - Calgary, Alberta - Graphite One Resources Inc. (GPH: TSX-V, GPHOF: OTCQX) (\"Graphite One\" or the \"Company\") is pleased to announce it has mobilized a crew to the Graphite Creek Property and has commenced drilling conductors along strike using data gathered from last year's 2012 airborne electro-magnetic survey and successful drill program. \n\n \n \nThis program is designed to accomplish three key objectives: \n\n \n \n1. Expand the existing National Instrument 43-101 compliant resource (NI 43-101) of 164.5 Million Tonnes at 4.61 percent Graphite (see press release dated January 21, 2013) by drilling 600 to 800 meters in a minimum of 6 drillholes. The resource represents drilling along 2.2 kilometers of an 18 kilometer long conductor. The 2013 drilling is designed to continue to demonstrate the continuity of the mineralization along strike which appears to potentially be an additional 15.8 kilometers in length based on sampling, mapping and geophysics. As demonstrated by the step out drillhole (Drill Hole 12GCH008; 2012 Drilling) which is 2.2km west of the inferred resource as well as surface grab samples, mapping and the airborne geophysical survey signature, there is significant upside potential for resource increase as the deposit remains open at depth and along strike. Integration of this data will add significant value as we work towards a Preliminary Economic Assessment (PEA) and Bankable Feasibility Study (BFS) over the upcoming months; \n\n \n \n2. Developing a Quality Assurance Program Plan (QAPP). As an integral part of the mine permitting process Graphite One will continue to develop its QAPP. As well, Graphite One Resources is committed to a regimented QA/QC program including utilizing standards, blanks and duplicates as per normal industry standards; \n\n \n \n3. Continue to develop and implement bench scale metallurgical testing. Graphite One has demonstrated a leaching process capable of producing a high purity of 99.2 per cent graphitic carbon (Cg) from a rough concentrate. Metallurgical test work from Graphite Creek material is continuing to develop a simple concentration and leaching process to produce an ultrahigh purity (99.9 percent Cg) graphite product. Spherical graphite is used to make the anodes in lithium-ion batteries an...