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Graphite One Maiden Inferred Resource of 164.5mt at 4.61% Graphite and Potential Resources af 235 To 492 Mt Of 4.2 to 7.9% Graphite
(via Thenewswire.ca) December 3, 2012 - Calgary, Alberta - Graphite One Resources Inc. (GPH...
About this update from Graphite One Inc.
[{"type":"text","content":"\nGraphite One Maiden Inferred Resource of 164.5mt at 4.61% Graphite and Potential Resources af 235 To 492 Mt Of 4.2 to 7.9% Graphite\n\n(via Thenewswire.ca)\n \n \nDecember 3, 2012 - Calgary, Alberta - Graphite One Resources Inc. (GPH: TSX-V, GPHOF: OTCQX) (\"Graphite One\" or the \"Company\") is pleased to announce its maiden resource for its Graphite Creek Property in the mining friendly state of Alaska, USA, only 3 km from tide water. The resource for the Graphite Creek Project is based on the results from the 2012, 18 hole, 4,248 meter drilling program. \n\n \n \n\n ----------------------------------------------------------------\n |Graphite One Inferred Resource |\n |--------------------------------------------------------------|\n |Cut-Off Grade (%|Tonnage |Graphite % (Cg) by|In Situ Graphite|\n |Cga) |(Million)|LECO |(Metric Tonnes) |\n |by 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% COG being the base case\n\n \n \nThe maiden mineral resource estimate was prepared by Claude Duplessis, Eng., consultant for SGS Canada Inc., and he is an independent Qualified Person under NI 43-101, using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves, Definitions and Guidelines. Dean Besserer, P.Geol., Vice President of Exploration for the Company and a \"Qualified Person\" under NI 43-101, is responsible for and has reviewed and approved the technical content of this press release. A NI 43-101 compliant Technical Report describing the resource will be filed on the Company's website and on SEDAR within 45 days.\n\n \n \nThe deposit remains open along strike to both the east and west, and down dip. The drilling program and resource estimate confirm that near surface graphite mineralization exists in an area that is now ove...