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Graphite One Completes Airborne and extends EM Conductor to more than 16 Kilometres
(via Thenewswire.ca) July 3, 2012 - Calgary, Alberta - Graphite One Resources Inc. (GPH: TS...
About this update from Graphite One Inc.
[{"type":"text","content":"\nGraphite One Completes Airborne and extends EM Conductor to more than 16 Kilometres\n\n(via Thenewswire.ca)\n\n \nJuly 3, 2012 - Calgary, Alberta - Graphite One Resources Inc. (GPH: TSX-V, GPHOF: OTCQX) (\"Graphite One\" or the \"Company\") is pleased to announce it has completed the airborne survey and has now received the data. The airborne geophysical survey was conducted by SkyTEM Canada Inc. (\"SkyTEM\") which comprised both magnetics and electromagnetics (SkyTEMs' Dual-Moment, Time-Domain Electromagnetic (\"TDEM\") System).\n\n\n \nBased on the presence of a strong Electromagnetic conductor, the survey was extended to the northeast by 4.5km (an additional 309 line kilometres, now totaling 999 line kilometres). As the EM conductor that is coincident with graphite occurrences is now more than 16 kilometres in strike length further increasing the potential for the discovery of a large tonnage, high-grade graphite deposit.\n\n\n \n\"We are very excited to announce the substantial extension of our strike length,\" stated Anthony Huston, President and Director. \"Graphite One has more than tripled the original strike length which dramatically increases the potential deposit size from the previous 150 to 250 million tonnes of graphite-bearing rock,\" continued Mr. Huston.\n\n\n \nThe geophysical data is shown on the figure below as well as the link provided.\n\n\n \nTo View Map Image, please copy and paste URL below into a new browser:\n\n\n \nhttp://www.graphiteoneresources.com/_resources/news/20120703/figure1.jpg\n\n\n \nDean Besserer, P.Geol., V.P. Exploration, manages Graphite One's exploration and development programs and is the Qualified Person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.\n\n\n \nAbout Graphite Creek\n\n\n \nThe Graphite Creek Property comprises 89 claims totaling 4,209 hectares on the Seward Peninsula of Alaska, 65 kilometres north of Nome. Mineralization at the Graphite Creek Property is characterized by coarse crystalline (large-flake) graphite (>80mesh) within graphite-bearing schist(s). Graphite mineralization is exposed at surface. The large-flake graphite occurs as disseminations and high-grade segregations and lenses in distinctive garnet-bearing quartz biotite schist(s). The host schist(s) is continuous over 16 kilometres...