Energizer Resources Inc. (TSX:EGZ,OTCBB:ENZR,FWB:YE5) intersected 421.3 metres of graphite mineralization grading 6.12% C intersected in drill core, and reported assay results verifying wide intercepts of graphite mineralization from its recently initiated National Instrument (NI) 43-101 graphite resource drill program on the Molo deposit.
As quoted in the press release:
Assay results from the first 3 diamond drill holes have recently been received. Drill hole MOLO-12-01 was emplaced to test the down-hole width of the Molo, and intersected 421.3 metres of graphite mineralization grading 6.12% carbon (C). These results confirm that the Molo deposit is exposed at surface, and extends to a vertical depth of over 300 metres. The confirmation of graphite mineralization at surface is believed by the Company to be a key benefit of the Molo deposit, as it should allow for cost-effective open pit mining.