Photo Courtesy Graphite One
Mike Schaffner, Graphite One Senior Vice President of Mining.
Graphite One reports new resource growth
BY NORTH OF 60 MINING NEWS With only 2,150 meters of drilling carried out during 2022, Graphite One Inc. expanded the quantity of graph- ite contained within the measured and indicated resources at its Graphite Creek deposit in western Alaska by 13 percent. Located about 35 miles (60 kilo- meters) north of the legendary gold mining town of Nome, Graphite Creek now hosts 37.6 million metric tons of measured and indicated resources averaging 5.15% (1.9 million met- ric tons) graphite. This marks a 15.5
percent increase in measured and in- dicated resource tonnage and a 13.1% more contained graphite. This growth primarily comes from upgrading inferred resources to the higher confidence measured and in - dicated categories. This leaves 243.7 million metric tons of inferred resource averaging 5.14 percent (12.3 million metric tons) graphite still available for upgrade. And the inferred resource does not include results from 22GC079, a hole that cut 58 meters averaging 4.18 percent graphite about 2,100 meters southwest of the nearest hole drilled
at Graphite Creek. While this hole was too far away to be included in the re- source, it provides further evidence of the world-class graphite deposit waiting to be delineated at Graphite Creek. This potential was highlighted in a recent U.S. Geological Survey report titled Insights into the Metamorphic History and Origin of Flake Graphite Mineralization at the Graphite Creek Graphite Deposit, Seward Peninsula, Alaska, USA."
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The Alaska Miner
Spring 2023
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