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Graphite One Drills 1.7km Step-Out with 136.58m of 4.0% and 40.58m of 6.35% Graphite
(via Thenewswire.ca) August 16, 2012 - Calgary, Alberta - Graphite One Resources Inc. (GPH:...
About this update from Graphite One Inc.
[{"type":"text","content":"\nGraphite One Drills 1.7km Step-Out with 136.58m of 4.0% and 40.58m of 6.35% Graphite\n\n(via Thenewswire.ca)\n\n \nAugust 16, 2012 - Calgary, Alberta - Graphite One Resources Inc. (GPH: TSX-V, GPHOF: OTCQX) (\"Graphite One\" or the \"Company\") is pleased to announce more drill results 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 4: 237.75 metres of 2.66% including 136.58 metres of 4.00%, and 40.58 metres of 6.35% graphite\n\n\n \n\"The step-out drill results are significant in that they verify continuity of the graphite bearing rocks across 1.7km\" stated Anthony Huston, President and Director for Graphite One Resources, \"and the EM Conductor is getting stronger as we go east\".\n\n\n \nAnalytical results from diamond drill holes 12GC003, 004 and 005 have been received. Drill holes 12GC003 and 12GC004 are over 1,700m apart. The results further 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 |12GC003 |160 |-50|30.13 |265.83|234.83 |2.18% |\n |----------------------------------------------------------------|\n |……including|  |  |30.13 |93.00 |61.87 |3.52% |\n |----------------------------------------------------------------|\n |……including|  |  |30.13 |44.00 |13.00 |5.30% |\n |----------------------------------------------------------------|\n |……including|  |  |73.29 |92.00 |18.71 |7.01% |\n |----------------------------------------------------------------|\n |……including|  |  |112.00|154.00|42.00 |2.52% |\n |----------------------------------------------------------------|\n |……including|  |  |120.00|124.00|4.00 |8.75% |\n |----------------------------------------------------------------|\n |12GC004 |160 |-50|20.42 |258.17...