Mr. Jason Walsh reports
GLOBAL LI-ION GRAPHITE FINISHES FIRST FOUR DRILL HOLES AT THE CHEDIC
GRAPHITE PROJECT, NEVADA
Global Li-Ion Graphite Corp. has successfully
completed the drilling of four holes at the Chedic graphite property. These
four drill holes are believed to be the first ever drilled on the property,
which is located near Carson City, Nev.
The goal of this first program is to test for the presence of graphite at four separate points over a 500-metre length of the interpreted trend of
mineralization and also the relationship between the graphite
mineralization and what appears to be the coincident geophysical anomaly
identified in a previous program. Further, the drill holes will provide key
information on possible widths and grades of the graphite mineralization
where intersected and potentially confirm the strike orientation of the
mineralized zone. If successful and results are encouraging enough, a second
drill program will be planned and an application for permitting submitted at
the earliest opportunity.
The holes just completed tested four locations along the 500 m long,
CSAMT/MT geophysical survey anomaly which appears to coincide with the
mapped trend of graphite mineralization observed in historical test surface
survey pits. Five channel samples taken by William Feyerabend contain from 3.60 per cent to
29 per cent total carbon content.
A winter storm which occurred during the program resulted in one of the
drill locations (CH-3) being left untested for this phase of drilling due to
difficulty of moving heavy drilling equipment over a steeper part of the
hillside where the drill hole was sited. Graphite was visually identified
in each of the holes drilled and each hole was sampled in its entirety with
samples sent to American Assay Labs at Sparks, Nev., for analysis of total
carbon content. No assay results are available at this time but will be
published upon receipt of the assay reports, along with the compilation and
analysis of the data obtained in this initial stage of drilling.
Surface mapping of historical test pits and excavations of the graphite
mineralized trend indicate that the dip of the mineralization is near
vertical and trending approximately east-west. The drill hole orientations
and locations were designed to intersect the mineralization as closely to
perpendicular as ground conditions on surface would allow.
The Chedic graphite property history
The Chedic mine was opened by Walter Chedic in the early 1900s. The mine
was also called the Voltaire and the Carson Black lead mine. Graphite was
mined from an open pit approximately 120 feet (36.6 metres) long by 20 feet
(6.1 metres) deep by 35 feet (10.7 metres) across. Graphite has also been
reported in two exploration trenches or pits located approximately 200 feet
(61 metres) and 600 feet (183 metres), respectively, to the east of the
excavation pit, though no tonnages or grades are recorded for the mined
material from the property. Five channel samples taken by Mr. Feyerabend
contain from 3.60 per cent to 29 per cent total carbon content ("Technical Report on the
Chedic Graphite Property, Carson City, Nevada," by William Feyerabend,
qualified person, CPG11047).
American Assay Labs is an ISO-17025 accredited facility and uses the combustion
infrared detection (carbon and sulphur ELTRA-CS) method in its analysis of
carbon in drill cuttings sampled.
The technical content of this news release was reviewed and approved by
William Freyerabend, PGeo, who is a qualified person within the meaning of
National Instrument 43-101.
We seek Safe Harbor.
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