Northern the winner today. Stocks up after drill results.
Could be SER,,,sad!
http://www.digitaljournal.com/pr/310954
May 17,2011
Northern Graphite Reports Positive Drill Results From Bissett Creek Project
50 of 51 Drill Holes Intersect Significant Graphite Mineralization
Northern Graphite Corporation (TSX VENTURE:NGC) is pleased to announce the results of a 51 hole, 2,927 meter drilling program on its Bissett Creek graphite project. All 51 holes intersected widespread graphite mineralization, with 50 of the 51 holes containing widths and graphitic carbon ("Cg") grades similar to those within the current resource model. As a result, the deposit has been significantly enlarged and remains open along strike to the north and south, and down dip to the east.
The objectives of the program were to confirm the results of historical drilling, upgrade some of the existing inferred resources to indicated, expand the resource, and demonstrate the potential to significantly increase production in the future if warranted by graphite demand.
Gregory Bowes, Chief Executive Officer, commented that "The recent drill program met or exceeded all expectations. We have demonstrated that large flake, high purity graphite mineralization exists near surface in an area that is now over one square kilometer in size and it remains open. We believe future production could be scaled to much higher levels to meet anticipated demand from Li ion batteries and other rapidly growing applications."
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