Mining News: News Nuggets: Graphite Creek continuity endures

Graphite One Resources Inc. Feb. 17 reported that the final 10 holes of its 2014 drill program continue to encounter significant widths of near surface graphite mineralization along 700 meters of strike at its Graphite Creek property near Nome, Alaska. Highlights include: 42.81 meters of 6.27 percent graphitic carbon from a depth of 18.91 meters in hole 14GCH012; 24.56 meters of 6.76 percent graphitic carbon from a depth of 3.95 meters in hole 14GC020; and 38.8 meters of 7.8 percent graphitic carbon from a depth of 63.67 meters in hole 14GCH016. The 20-hole drill program completed last year were targeted to upgrade a portion of the Graphite Creek resource from the inferred to indicated category. The company said the geology and assays confirm good vertical and lateral continuity of the mineralization at Graphite Creek. An updated resource estimate is expected before the end of March. Additionally, Graphite One said its quality control process discovered minor variances in assay results of the first 10 holes reported in December due to equipment calibration issues. Following re-assay of all of the samples and checking with a third party laboratory, the average difference between the revised and original assays for all 10 holes is minus 0.05 percent. The new results replace the initial set of assays for these holes and a table showing both can be found on the company’s website.

- Shane Lasley