Business
Graphite One Extends Mineralization 400 Metres East, Two Step Out Holes Confirm Wide Intercepts of High Grade, Near Surface Graphite Mineralization
(via Thenewswire.ca) November 13, 2013 - Calgary, Alberta - Graphite One Resources Inc. ...
About this update from Graphite One Inc.
[{"type":"text","content":"Graphite One Extends Mineralization 400 Metres East, Two Step Out Holes Confirm Wide Intercepts of High Grade, Near Surface Graphite Mineralization(via Thenewswire.ca)\n\n \nNovember 13, 2013 - Calgary, Alberta - Graphite One Resources Inc. (GPH: TSX-V, GPHOF: OTCQX) (\"Graphite One\" or the \"Company\") is pleased to announce the results of the first two holes of a recently completed ten-hole diamond drill program (see press release dated September 24, 2013). \n\n\n \nHighlights:\n\n\n \n-Holes 13GCH009 and 010 intercept significant widths of high grade, near surface graphite extending mineralization an additional 400m to the east\n\n\n \n-2013 drilling expands drilled strike length 120% to 4.9km \n\n\n \n-Further confirms excellent continuity with simple geological structures\n\n\n \n-Updated 43-101 to be completed after all 2013 drilling results have been received\n\n\n \nGraphite One has received results for drill-holes 13GCH009 and 13GCH010 which tested surface graphite showings with a coincident high priority Electro-Magnetic conductor, approximately 400m east of the existing Inferred Resource delineated during 2012 (see map attached). The results are summarized in the Table below and highlights include 102.11m of 3.27% Graphitic Carbon (\"Cg\"); including 39.85m of 7.13% Cg and 16.2m of 10.22% Cg. All drill holes will be used to produce an updated NI 43-101 compliant graphite resource. Drill sections are attached in an Appendix.\n\n\n \nGraphite One has its own core logging and sample preparation laboratory / facility in Nome, Alaska. The sample preparation laboratory was installed, and is being managed by Actlabs, Ancaster, Ontario. This will ensure Graphite One maintains the highest level of QA/QC and ensures timely receipt of analytical results. All analyses were completed at Actlabs. \n\n\n \n\"These exceptional results continue to demonstrate the continuity of this near surface resource providing further evidence that this will be one of the most significant, coarse flake graphite resources in the world. Being an advanced stage graphite deposit in the United States is a significant advantage, for both permitting, funding and off take strategies in the future.\" stated Anthony Huston, President and Director for Graphite One Resources.\n\n\n \n\n -------------------------------------------------------------------\n |DR...