News Feed Item

TRU Group Inc. Issues Positive Report on Graphite One Resources

CALGARY, ALBERTA -- (Marketwired) -- 07/23/14 -- Graphite One Resources Inc. (TSX VENTURE: GPH)(OTCQX: GPHOF) ("Graphite One" or the "Company") is pleased to announce it has retained the engineering services of TRU Group Inc. ("TRU") to define initial options for development at Graphite Creek. In TRU Group's preliminary report dated June 20, 2014, TRU suggests "proceeding robustly with detailed geological evaluation, attendant test work and the engineering, technical and business studies" to confirm their preliminary findings at Graphite Creek. The report focuses on matching the resource to up-market functionalized end-use compounds, and indicates the following findings:

A summary of the results of the Report indicate (see 'About TRU Group Inc, below):

1.  A preliminary assessment suggests that the graphite is amenable for the
    development of a suitable spherical graphite product that is competitive
    on quality. There is significant opportunity for the Graphite Creek
    Project to push downstream by performing additional processing to their
    expected run of mine ("ROM") concentrate. The products recommended for
    development and manufacture include: uncoated spherical graphite for use
    in the Li+ battery market; expanded graphite, exfoliated and micronized,
    for use in the manufacture of alkaline batteries; jumbo flake graphite
    that can be sold to the refractory industry; and, micronized graphite,
    for use in the manufacture of alkaline batteries. The analysis took into
    account the carbon/graphite content, impurity levels, flake size, and
    potential for upgrading according to prior test results (see news
    releases dated April 29, 2013; April 24, 2014; February 28, 2014 and the
    Technical Report filed on SEDAR which can be viewed on the SEDAR
    website, www.sedar.com);
2.  The strategic significance of the Graphite Creek Project as a secure
    American-based resource as a substitute for Chinese supply, as well as a
    competitor against imports from other countries, should not be

Anthony Huston, CEO of Graphite One adds, "We are pleased to have this report completed by the TRU Group who are known for their industry-leading expertise and roster of experts. We look forward to progressing the Graphite Creek Deposit to its full potential."

About TRU Group Inc.

TRU Group Inc. provides consulting utilizing an Industry Team global leadership that is unmatched globally in Lithium & Brine; Rare Earths; Magnesium Metal; Coal-Based & Natural Gas Chemicals; and Graphite-Graphene Technology.

The Report was prepared by Mr. Edward R. Anderson, B.Sc. (Eng). Dpl (Market Research), MBA., FCIArb., and Mr. John Roumeliotis, Mining, Metals & Materials Engineering., P.Eng.

Mr. Anderson, President of TRU Project Oversight, has worked extensively for more than twenty years in all aspects of mining, smelting, refining, finance, marketing and operations. He has led TRU for more than fifteen years and directed more than a hundred assignments and all of TRU's graphite projects. This included a graphite anode assignment with Materials and Electrochemical Research Corporation a producer of aluminum graphite, nanotubes, fullerenes, spinel and nanocarbons. Previously he was VP Operations with a USA manufacturer of photonic glass / components and for ten years Director Corporate Planning at Timminco Ltd, a magnesium and specialty metal producer in North America. He also was with Hatch mining & metals engineering in the management consulting unit.

John Roumeliotis, Mining, Metals & Materials Engineering., P.Eng., Vice President Frontier Industries & Study Manager: Processing Specialist and TRU Assignment Study Manager. John Roumeliotis has participated in many assignments for more than five years working mostly as a Study Manager on many aspects of TRU Frontier Industries with a particular focus on processing from resource through mineral, chemical plant, metal smelting, to final products. He has coordinated many major feasibility studies, due diligence reviews and Engineering Studies including process testwork and pilot testing. Previous to TRU he was Manager, Research & Development for Lithium at Raymor Industries. He designed and oversaw the construction of pilot plant equipment and assessed and purchased available technologies for use in the various stages of the extraction process.

About Graphite Creek

The Graphite Creek Property comprises 129 claims totaling 6,799 hectares on the Seward Peninsula of Alaska, 65 kilometers north (40 miles) of a deep sea port at Nome.

Mineralization at the Graphite Creek Property is characterized by coarse crystalline (large flake) graphite (greater than 80mesh) within graphite-bearing schist(s). Please refer to the January 20, 2014 press release where Graphite One reports a NI 43-101 inferred resource of 284.71 million tonnes at 4.5% graphite (including 37.68 million tonnes at 9.2% graphite and 8.63 million tonnes at 12.8% graphite).

About Graphite One Resources Inc.

GRAPHITE ONE RESOURCES INC (TSX VENTURE: GPH)(OTCQX: GPHOF) is exploring with the intent to develop the Graphite Creek Project, USA's only advanced staged large-scale, large flake graphite deposit.


Dean Besserer, P.Geol., Vice President of Exploration for the Company and a "Qualified Person" under National Instrument ("NI") 43-101, is responsible for and has reviewed and approved the technical content of this press release. As well, Mr. John Roumeliotis, P.Eng., for TRU Group Inc, has reviewed and approved the technical content of this press release and is a "Qualified Person" under NI 43-101.


Anthony Huston, CEO, President & Director

For more information on Graphite One Resources Inc please visit the Company's website, www.GraphiteOneResources.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements that may be deemed to be forward-looking statements. All statements in this release, other than statements of historical facts that address access to capital, regulatory approvals, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

The mineral resource estimates reported in this press release were prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), as required by Canadian securities regulatory authorities. For United States reporting purposes, the United States Securities and Exchange Commission ("SEC") applies different standards in the classification of mineralization. In particular, while the terms "measured," "indicated" and "inferred" mineral resources are required pursuant to NI 43-101, the SEC does not recognize such terms. Canadian standards differ significantly from the requirements of the SEC. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories constitute or will ever be converted into reserves. In addition, "inferred" mineral resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, issuers must not make any disclosure of results of an economic analysis that includes inferred mineral resources, except in rare cases.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
A completely new computing platform is on the horizon. They’re called Microservers by some, ARM Servers by others, and sometimes even ARM-based Servers. No matter what you call them, Microservers will have a huge impact on the data center and on server computing in general. Although few people are familiar with Microservers today, their impact will be felt very soon. This is a new category of computing platform that is available today and is predicted to have triple-digit growth rates for some ...
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU’s GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes.
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...
SYS-CON Events announced today that Cloudbric, a leading website security provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Cloudbric is an elite full service website protection solution specifically designed for IT novices, entrepreneurs, and small and medium businesses. First launched in 2015, Cloudbric is based on the enterprise level Web Application Firewall by Penta Security Sys...
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures. In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...
SYS-CON Events announced today that Enzu will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their online busine...
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
In the next forty months – just over three years – businesses will undergo extraordinary changes. The exponential growth of digitization and machine learning will see a step function change in how businesses create value, satisfy customers, and outperform their competition. In the next forty months companies will take the actions that will see them get to the next level of the game called Capitalism. Or they won’t – game over. The winners of today and tomorrow think differently, follow different...
SYS-CON Events announced today that Sheng Liang to Keynote at SYS-CON's 19th Cloud Expo, which will take place on November 1-3, 2016 at the Santa Clara Convention Center in Santa Clara, California.
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.