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Graphite One Resources Inc.
Summary
| Project: | Graphite Creek | |
|---|---|---|
| Deposit: | Graphite Creek | |
| Location: | United States | |
| Commodities: | Graphite | |
| Date: | 3/26/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 26-3-2019: Graphite One Resources Inc. announces a Resource Estimation report for its Graphite Creek deposit at the Graphite Creek project. Upgraded mineral resource estimate at the project. March 26, 2019 – Vancouver, British Columbia – Graphite | |
| Resources: | (Resource, M+I): 10.95Mt @ 7.8% Cg | |
| CP/QP: | [Resources]: Chris Valorose (Valorose Consulting Inc.) | |
| ABSTRACT: | March 26, 2019 – Vancouver, British Columbia – Graphite One Inc. (GPH: TSX‐V; GPHOF: OTCQB) (“Graphite One” or the “Company”) is pleased to announce the completion of an updated mineral resource estimate for its Graphite Creek Project of 1.69 million tonnes (“Mt”) Measured, grading 8.0% graphitic carbon (“Cg”); 9.26 Mt Indicated, grading 7.7% Cg; and, 91.89 Mt Inferred, with 8.0% Cg, all using a 5% Cg cut‐off grade. The results from the drill program completed during the 2018 field program moved from Indicated to Measured Resource status a portion of the previously released resource estimate set forth in the NI 43‐101 Preliminary Economic Analysis on the Graphite One Project dated June 30, 2017 and filed July 12, 2017 (“PEA”). “This increase in resources demonstrates the potential for a robust, high‐grade US Graphite project,” said Anthony Huston, Graphite One President and CEO. “Having these results in hand as we commence our Pre‐Feasibility work will help us refine our mine design and knowledge of recovery, size distribution and the unique qualities of our graphite mineralization as highlighted in the PEA.” The U.S. Government has placed graphite on its Critical Minerals List of materials critical to “the national economy and national security of the United States”.1 There is currently no U.S. graphite production. | |
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