Graphite One (TSXV:GPH) (OTCQX:GPHOF) Completes over 2,000 Metres of Infill and Exploration Drilling at the Graphite Creek Project, Alaska
- Graphite One has completed its 2022 field program at the Graphite Creek Project in Alaska
- The program included over 2,000 metres in infill and step-out core drilling within the resource area
- Core drilling in the deposit area continued to encounter visible graphitic mineralization consistent with previous drilling results
- The Company will release drill results from the 2022 field program when data analysis is completed
- Shares in Graphite One (GPH) are currently up 1.71% on the TSXV, trading at CA$1.19 per share
Graphite One has completed its 2022 field program at the Graphite Creek Project in Alaska, drilling over 2,000 metres in infill and step-out core drilling within the resource area.
Initial results indicate that core drilling in the deposit area continued to encounter visible graphitic mineralization over wide intervals, reported the Company, which is consistent with previous drilling results as reported in 2021.
“With only 7% of our 16 km geophysical anomaly incorporated in the PFS, which shows a pre-tax NPV of US$1.9 billion, our 2022 Field Program gives us confidence the Graphite Creek Project is truly a generational strategic resource,” said Anthony Huston, CEO of Graphite One.
The drill results for the 2022 field program will be released when data analysis is completed. The Company also completed geotechnical drilling, continued ongoing environmental studies, and increased the Graphite Creek field camp capacity over the course of the program.
“It is anticipated that the 2022 summer drilling program data will be incorporated when the Company is in a position to file a feasibility study to advance Graphite Creek during this critical time of under supply for U.S. strategic materials such as graphite.”
The Company announced the results of its pre-feasibility study of the Graphite One Project in August, outlining a parallel strategy to simultaneously develop a commercial scale battery anode materials manufacturing facility in Washington State and the Graphite Creek Mine in Alaska.
Graphite One continues to develop its Graphite One Project, whereby the company could potentially become an American producer of high grade Coated Spherical Graphite as used in EV and lithium-ion batteries, as well as other forms of advanced graphite materials.
Shares in Graphite One (GPH) are currently up 1.71% on the TSXV, trading at CA$1.19 per share.
On the OTCQX, GPHOF is up 0.05% to US$0.8555 per share.
To learn more about Graphite One Inc. and its Graphite One Project, visit the Company’s website. To read the full press release, click here.
About the Kinvestor Network
The Kinvestor Network is an exclusive network of investors that want access to enhanced research and reporting. The Kinvestor Network provides access to exclusive articles, reports, models, and various other tools that investors may find useful.
Visit the Kinvestor Network for more free content, including in-depth research reports, industry documentaries, CEO interviews, and more.
Please read this disclaimer in its entirety before reviewing any opinions, views or information expressed by Kin Communications Inc. (“Kin”).