Business
Graphite One Drills 172.79M of 5.39% Graphite Including 54.87M of 10.03% and 42M of 12.01% Graphite and Stakes Additional Claims
(via Thenewswire.ca) September 25, 2012 - Calgary, Alberta - Graphite One Resources Inc. (G...
About this update from Graphite One Inc.
[{"type":"text","content":"\nGraphite One Drills 172.79M of 5.39% Graphite Including 54.87M of 10.03% and 42M of 12.01% Graphite and Stakes Additional Claims\n\n(via Thenewswire.ca)\n\n \nSeptember 25, 2012 - Calgary, Alberta - Graphite One Resources Inc. (GPH: TSX-V, GPHOF: OTCQX) (\"Graphite One\" or the \"Company\") is pleased to announce drill results for holes 11 thru 14 for its Graphite Creek Property. Graphite One has verified the 16km long EM conductor is directly related to wide scale, high-grade graphite mineralization and reiterates an abundance of large flake graphite.\n\n\n \nExceptional results include:\n\n\n \nHole 12GCH005: 172.79m of 5.39% including 54.87m of 10.03%, and 42.0m of 12.01% Cg\n\n\n \nand\n\n\n \nHole 12GCH006: 146.77m of 4.0% including 57.77m of 6.56%, and 31.77m of 10.14% Cg\n\n\n \nAnalytical results from diamond drill holes 12GC008, 12GCH004, 005 and 006 have been received. In total, 14 of the 18 drill hole results have now been released. The results continue to 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\"These are outstanding results and clearly represent a strong continuity of high grade and large flake graphite bearing rocks both on the down dip and along strike,\" stated Anthony Huston, President and Director for Graphite One Resources. \"Our exploration team continues to be successful in unlocking value at Graphite Creek and they should be congratulated for their efforts\" continued Mr. Huston.\n\n\n \n\n --------------------------------------------------------------------\n |Drill Hole |Azimuth |Dip|Depth |Intersection (m)|Graphite|\n | | | | | |(% Cg)* |\n | |--------| |------|\n | |From (m)| |To (m)|\n |------------------------------------------------------------------|\n |12GC008 (hole|160 |-50|41.19 |169.00|127.81 |4.02% |\n |11 | | | | | | |\n |of 18) | | | | | | |\n |------------------------------------------------------------------|\n |……including |  |  |41.19 |70.48 |29.29 |6.32% |\n |------------------------------------------------------------------|\n |……including |  |  |108.00|135.00|27.00 |5.02% |\n |----------------------------------------------------------------...