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Graphite One Files NI 43-101 Technical Report With an Inferred Resource of 164.5mt at 4.61% Graphite
(via Thenewswire.ca) January 21, 2013 - Calgary, Alberta - Graphite One Resources Inc. (TSX...
About this update from Graphite One Inc.
[{"type":"text","content":"\nGraphite One Files NI 43-101 Technical Report With an Inferred Resource of 164.5mt at 4.61% Graphite\n\n(via Thenewswire.ca)\n\n \nJanuary 21, 2013 - Calgary, Alberta - Graphite One Resources Inc. (TSX-V: GPH, OTCQX: GPHOF) (\"Graphite One\" or the \"Company\") is pleased to announce that it has filed a National Instrument (NI) 43-101 Technical Report for its maiden inferred resource at the Graphite Creek Property in the mining friendly state of Alaska, USA. The resource for the Graphite Creek Property is based on the results from an 18 hole, 4,248 metre drilling program conducted in 2012. \n\n \n \n\"Based on the size of the inferred and potential resource, we believe this to be the largest reported flake graphite deposit in the world, and look to take an aggressive approach to advancing the project towards production in the near future\" stated Anthony Huston, President of Graphite One. \"We have designed a comprehensive exploration program for 2013 that includes drilling, environmental studies, permitting, metallurgy, engineering, reporting and community relations initiatives, all of which are necessary steps for bringing the deposit into production.\" \n\n \n \n\n ------------------------------------------------------------------\n |Graphite One Inferred Resource |\n |----------------------------------------------------------------|\n |Cut-Off Grade|Tonnage |Graphite % (Cg) by LECO|In Situ Graphite|\n |(% Cga) by |(Million)| |(Metric Tonnes) |\n |LECO | | | |\n |----------------------------------------------------------------|\n |2 |164.5 |4.61 |7,583,450 |\n |----------------------------------------------------------------|\n |3b |107.2 |5.78 |6,196,160 |\n |----------------------------------------------------------------|\n |5 |54.98 |7.66 |4,211,468 |\n |----------------------------------------------------------------|\n |7 |25.44 |9.69 |2,465,136 |\n |----------------------------------------------------------------|\n |10 |7.8 |13.49 |1,052,220 |\n ------------------------------------------------------------------\n\n\n \na:Cg - Graphitic Carbon - b: 3% Cut-Off Grade being the base case in the NI 43-101 Technical Report.\n\n \n \n\"We are excited by the results of this independent National Instrument 43-101 inferred resource estimate, which represents a major milestone for the Company and provides a solid base for furt...