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Graphite One Files NI 43-101 Technical Report with Inferred Resource of 284.71Mt at 4.5% Graphite
(via Thenewswire.ca) February 28, 2013 - Calgary, Alberta - Graphite One Resources Inc. ...
About this update from Graphite One Inc.
[{"type":"text","content":"Graphite One Files NI 43-101 Technical Report with Inferred Resource of 284.71Mt at 4.5% Graphite(via Thenewswire.ca)\n\n \nFebruary 28, 2013 - Calgary, Alberta - Graphite One Resources Inc. (GPH: TSX-V, GPHOF: OTCQX) (\"Graphite One\" or the \"Company\") is pleased to announce that it has filed the National Instrument (\"NI\") 43-101 Technical Report which documents an increase of the existing inferred resource by 68 per cent (\"%\") to 284.71 Million Tonnes (\"Mt\") of 4.5% Graphitic Carbon (\"Cg\"), and by 41% to 37.68Mt of 9.2% Cg at cut-offs of 2% Cg and 7% Cg, respectively (see Table below). The resource is comprised from drilling along 4.8 km of continuous near surface high-grade graphite mineralization.\n\n\n \nHighlights:\n\n\n \n\n\n- Largest known, high grade, large flake Graphite Deposit in the United States and North America. \n\n\n\n- This new and expanded inferred resource is comprised of 2012 and 2013 drilling by Graphite One and represents a 68% increase of the estimated in situ graphite from the previous 2012 maiden resource.\n\n\n\n- High-grade graphite mineralization is at surface and extends from surface to depths of over 200m.\n\n\n\n- The 2013 drilling program further confirmed excellent continuity of near surface, high grade graphite within a simple and accessible geological setting and doubled the strike length of current mineralization at the Graphite Creek Deposit to 4.8 km's. \n\n\n\n- The resource area (4.8km) only represents drilling along 27% of an 18km long electro-magnetic conductor.\n\n\n\n- The Deposit remains open along strike to both the east and west, and down dip. Every hole continues to be mineralized from top to bottom. \n\n\n\n \n\n2014 Graphite One Inferred Resourcec\n\n\n\n\nCut-Off Grade (% Cg) by LECO\n\n\n\n\nTonnage\n\n\n\n(Million Metric Tonnesa)\n\n\n\n\nGraphite % (Cg) by LECO\n\n\n\n\nIn Situ Graphite\n\n\n\n(Metric Tonnesa)\n\n\n\n\n2\n\n\n\n\n284.71\n\n\n\n\n4.5\n\n\n\n\n12,756,000\n\n\n\n\n3b\n\n\n\n\n186.86\n\n\n\n\n5.5\n\n\n\n\n10,346,000\n\n\n\n\n5\n\n\n\n\n95.93\n\n\n\n\n7.2\n\n\n\n\n6,906,000\n\n\n\n\n7\n\n\n\n\n37.68\n\n\n\n\n9.2\n\n\n\n\n3,467,000\n\n\n\n\n10\n\n\n\n\n8.63\n\n\n\n\n12.8\n\n\n\n\n1,103,000\n\n\n\n \na: The tonnage and in situ graphite have been rounded off to the nearest thousand, and therefore may not tally due to rounding.\n\n\n \nb: This inferred re...