Business
Graphite One Drills 165.3M of 4.23% Graphite Including 46.4M of 6.6%, 14.3M of 10.1% and 21M of 10.1% Graphite
(via Thenewswire.ca) August 7, 2012 - Calgary, Alberta - Graphite One Resources Inc. (GPH: ...
About this update from Graphite One Inc.
[{"type":"text","content":"\nGraphite One Drills 165.3M of 4.23% Graphite Including 46.4M of 6.6%, 14.3M of 10.1% and 21M of 10.1% Graphite\n\n(via Thenewswire.ca)\n\n \nAugust 7, 2012 - Calgary, Alberta - Graphite One Resources Inc. (GPH: TSX-V, GPHOF: OTCQX) (\"Graphite One\" or the \"Company\") is pleased to announce its initial drill results and an exploration update for its Graphite Creek Property. Graphite One has verified that the 16km long EM conductor is directly related to wide scale, high grade, graphite mineralization.\n\n\n \nHole 1: 411.7 metres of 2.1% including 127.9 metres of 4.1%, and 41.73 metres of 6.7% graphite\n\n\n \nHole 2: 353 metres of 2.7% graphite including 165.3 metres of 4.23%, 46.4 metres of 6.6% and 21 metres of 10.1% graphite\n\n\n \n\"The initial drill results represent drilling along only 4% of our 16km long conductor. These exceptional results demonstrate that this will be one of the most significant, coarse flake graphite resources in the world\" stated Anthony Huston, President and Director for Graphite One Resources. \"These early stage results are very encouraging and in-line with our expectations and goal of producing a new and substantial NI 43-101 graphite resource based on this year's exploration program\" continued Mr. Huston.\n\n\n \nAnalytical results from the first 2 diamond drill holes have been received. Drill holes 12GC001 and 12GC002 (300m apart), tested graphite mineralization at the Graphite Creek area. The results confirm that graphite mineralization exposed at surface extends to vertical depths of over 250 metres (see drill hole map attached; see Table below). All drill holes will be used to produce a NI 43-101 compliant graphite resource.\n\n\n \n\n ------------------------------------------------------------------\n |Drill Hole |Azimuth |Dip|Depth |Intersection (m)|Graphite|\n | | | | | |(% Cg)* |\n | |--------| |------|\n | |From (m)| |To (m)|\n |----------------------------------------------------------------|\n |12GC001 |160 |-50|17.13 |428.85|411.72 |2.1% |\n |----------------------------------------------------------------|\n |……including|  |  |17.13 |145.0 |127.87 |4.1% |\n |----------------------------------------------------------------|\n |……including|  |  |17.13 |58.86 |41.73 |6.67% |\n |------------------------------------------------------...