Graphite One Resources Inc. (TSXV:GPH,OTCQX:GPHOF) reported drill results for its Graphite Creek Property, and verified that the 16km long EM conductor is directly related to wide scale, high-grade and large-flake graphite mineralization.
As quoted in the press release:
Hole GCH001: 128.0 metres of 3.79% including 47.0 metres of 6.02%, and 18.0 metres of 6.1% graphite
Hole 12GC007: 166.62 metres of 4.01% including 30.62 metres of 7.01% and 25.77 metres of 8.14% graphite
The drill holes were drilled at -50 degree dip to test true thickness of mineralization. The graphite bearing rocks dip at approximately 60 degrees and are exposed at surface along the dip slope which would be ideal with respect to an open pit mining operation and low strip ratio.
Graphite One Resources President and Director Anthony Huston said:
The results from this year’s program continue to be exciting as they show us the continuity of this high grade, large flake graphite ore body. We drilled over 2.2km of strike length, which is only 14% of the total strike length identified by our airborne electromagnetic survey. And it’s important to understand that this doesn’t include the newly discovered Araujo and South Zones.