Graphite One Resources Inc. is a mineral exploration company based in Vancouver, British Columbia, with a clear and distinct business strategy focused on the graphite market to identify, acquire, and explore high potential projects ready for rapid advancement. Graphite One Resources Inc. has an option to earn a 100 per cent interest in the Graphite Creek project.
NI 43-101 Compliant Inferred Resource of 107.2 Mt at 5.78 Cg for 6.2 Mt of In-Situ Graphite, with a cut-off grade of 3 per cent.
Cg Potential for a multi-million tonne target of 235 to 492 Mt with grade between 4.2 per cent and 7.9 per cent Cg, large-flake, high-purity graphite exposed at surface.
Exploration team with successful track record of increasing shareholder value
Optimal geological environment conducive to an open-pit mining configuration
Proven technical expertise with strong management
The Graphite Creek Property comprises 129 claims totaling 6,799 hectares on the Seward Peninsula of Alaska, 65 kilometers north of Nome. Mineralization at the Graphite Creek property is characterized by coarse crystalline - large-flake - graphite - greater than 80 mesh - within graphite-bearing schist. Graphite mineralization is exposed at surface. The large-flake graphite occurs as disseminations and high-grade segregations and lenses in distinctive garnet-bearing quartz biotite schist and biotite schist. The host schist is continuous over 18 kilometers of strike length, based on mapping and geophysics.
The mineralization where drilling occurred during 2012, covers an area of at least 5.5 square kilometers, which only represents 12 per cent of the total strike length. The width and depth of mineralization that has been confirmed by drilling are in excess of 250 meters. Therefore, there could be a potential deposit size of 235 to 492 million tonnes at average grades between 4.2 and 7.9 per cent graphite (Cg).
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