Ann: Graphite Bull - Drilling Assays, page-17

Well hole 1 is pretty interesting. Intersected 30m odd meters at 18% in what was previously considered a hanging wall to the south.

Additionally the hit at depth is confirmation that the surveying of the sheer system extends at depth. Was what i was eluding to back in March Post #:66582700

"There a few comments about 'over burden' but the graphite deposit actually starts from surface.
One can review the angular nature of the drill cores. It's not responsible to drill vertically on a sheer system if you're trying to test the thickness along strike.

What do I mean?

In my view the drill program aimed to achieve 3 things.
1) Does the thickness displayed at 0-100m in depth continue beyond that depth?
See image below. You need to drill on an angle to get a better idea of the thickness. The graphite is from surface or close to surface in most areas.




2) Does the mineralisation continue along strike. see below.
Drill holes positioned to test if the EM surveying is representative of a continues strike. Noting RC1 hit 2 zones 20m and 30m thick one at 40m one at 160m. Probably indicating a slightly non-continous shear system. See image above for the multiple shear system

Also note RC3 and RC4 also hit similar thickness results at similar depths. RC4 140m-200m was 40m of minerilisation in there. RC4 had 30m of minerilisation.

RC5 only hit a small area of minerilisation either indicating that the angle of the drill core missed the main shear lode, or that the sheer is not as thick at the very western end. (which seems to make sense given it's on the outskirts of the EM results.

Essentially in my view, this shows that the shear system does continue along strike. It also showed that the shear system continued beyond 150m's, which again validates the theory that the system probably continues at depth. Likely would be open pit to start and then move to underground mine - but that's all a long way off and the met work and studies will need to come first.

Below is visual aid only of skaland mine for how an U/G mine for this system would look."

"Tip of the iceberg is a fairly accurate statement." EM survey would indicate there is a fair bit along strong and at depth. Drill intercepts confirm the theory and the grade is solid. Met work now in the midst building on previously results. If we get back the confirmation that amenable for anode material you then look at a targeted drill program intended for MRE increase and maybe through a diamond drill 300m and see how thick it is at depth. No need to go too stupid as i believe can get a very sizeable resource by extending along strike and then extending depth slightly in main lode.




I'll be taking up my allocation. Not selling anything today with the met work and then copper wolf result to come. May consider de-risking my original investments in H2.

SF2TH