Graphite One Resources Inc.(TSXV:GPH) announced the initial drill results from its Graphite Creek property. The Company reported results from hole one and hole two on the property. Exploration continues at the project and the Company expect ongoing results.
As quoted in the press release:
Hole 1: 411.7 metres of 2.1% including 127.9 metres of 4.1%, and 41.73 metres of 6.7% graphite
Hole 2: 353 metres of 2.7% graphite including 165.3 metres of 4.23%, 46.4 metres of 6.6% and 21 metres of 10.1% graphite
Anthony Huston, Graphite One, President and Director, said:
The initial drill results represent drilling along only 4% of our 16km long conductor. These exceptional results demonstrate that this will be one of the most significant, coarse flake graphite resources in the world.These early stage results are very encouraging and in-line with our expectations and goal of producing a new and substantial NI 43-101 graphite resource based on this year’s exploration program”