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Graphite One Resources Inc.
Summary
| Project: | Graphite Creek | |
|---|---|---|
| Deposit: | Graphite Creek | |
| Location: | United States | |
| Commodities: | Graphite | |
| Date: | 3/18/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 18-3-2019: Graphite One Resources Inc. announces an Exploration/Drilling Update report for its Graphite Creek deposit at the Graphite Creek project. Drilling results incl. 16.3m @ 11.93% graphite. March 18, 2019 – Vancouver, British Columbia – Graphite On | |
| Resources: | (Resource, Ind.): 10.32Mt @ 7.2% graphite with 4.969Mt graphite contained | |
| CP/QP: | [Overall Report]: William Ellis (Not stated) | |
| ABSTRACT: | March 18, 2019 – Vancouver, British Columbia – Graphite One Inc. (GPH: TSX‐V; GPHOF: OTCQB) (“Graphite One” or the “Company”) Graphite One Inc. is now trading under the new name and is pleased to announce results from its 2018 Field Program at its Graphite Creek Project, a large‐flake graphite deposit located in the Kigluaik Mountains on the Seward Peninsula approximately 60 km north of the City of Nome, Alaska. Highlights: • Drilling Results Include High‐Grade Zones Averaging Greater than 10% Cg • Deposit Remains Open to East, West and North • Results Will Allow for Updated Resource Estimate “The drilling results conform to our past exploration programs, and will allow us to update our resource estimates,” said Anthony Huston, Graphite One President and CEO. “The fact that our deposit remains open and relatively unexplored to the East and West of our identified resources, and that the down dip extent to the north has not yet been defined, underscores for us that we’re only beginning to realize the full potential of our project.” The Drill Program comprised 801 metres in six core holes, the results of which will be used to in‐fill and expand the indicated and inferred resources previously identified in the Company’s current Preliminary Economic Analysis (see Table 1). All 2018 drill holes were angled to perpendicularly intercept the projected graphite mineralized zones with the objective of determining their true thicknesses. Results from all 2018 holes were consistent with previous drilling in the graphite mineralized zones, including significant high‐grade intercepts with Cg values greater than 10 percent. The Graphite Creek Property consists of 176 160‐acre State mining claims with the resource area 100 percent on state of Alaska land | |
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