High-grade results ‘bode well’ for Graphite One feasibility this year

Graphite One (TSXV: GPH; US-OTC: GPHOF) says results from its summer drilling program have returned high-grade graphite mineralization at its Graphite Creek project in western Alaska and will help it speed up the completion of a feasibility study later this year.

The results from about 8,730 metres across 52 drill holes were part of Graphite One’s largest exploration program in the company’s history at the project.

Highlighted results include 9.4 metres grading 13.87% graphitic carbon (Cg) from 10.3 metres depth in hole 23GC110; 6.5 metres at 19.02% Cg from 47.4 metres and 10.1 metres grading 12.3% from 61.6 metres in hole 23GC127; and 11.9 metres at 7.07% Cg from 53 metres in hole 23GC115.  

The results demonstrate exceptional consistency of a near-surface, high-grade graphite deposit that remains open to the east, west and down dip of the resource estimate, the company said.

“We see these results as another indication that Graphite Creek is a truly generational strategic resource for a world hungry for graphite, and we continue to strengthen our position to deliver a feasibility study in late 2024,” said Graphite One president and CEO Anthony Huston.