Presence Of Rare Earth Elements At Graphite Creek Deposit

VANCOUVER – Graphite One Inc. has identified the presence of Rare Earth Elements (REEs) in its Graphite Creek deposit, north of Nome, Alaska. Geochemical analyses have found rare earths in drillcore samples of garnet-bearing ore rock within the anticipated pit outlined in G1’s Feasibility Study (FS). G1’s FS resource estimate tripled previous projections. The FS pit and it’s anticipated 20-year mine life comprises just 12% of the 15.3 km (9.5 mile) long graphite- and garnet-bearing mineralized zone.
“The presence of Graphite and REEs – in a single deposit further underscores Graphite Creek’s position as a truly generational deposit,” said Anthony Huston, President. “Given the robust economics of our planned complete graphite materials supply chain, the presence of Rare Earths at Graphite Creek suggests that recovery as a by-product to our graphite production will maximize the value.”