UPDATE: Graniz Mondal Announces Wide Intercept of Graphite Mineralization; Up 21% Late Morning
Graniz Mondal Inc. (GRA-H.V) today announced another wide intercept of graphite mineralization 100 metres north-west of the initial discovery (hole #120) on the Brunet graphite deposit, near Mont-Laurier.
Hole #128 intersected 7.7% gp over 93 feet, 8.1% gp over 64 feet, 4.2% gp over 36 feet.
Dr Berthe Lambert, Chairman, comments: "Hole #2013-128 with a vertical length of 263 feet of graphitic marble will add significant new tonnage to the Brunet large flake graphite deposit since this hole is situated 300 feet north-west of hole #120 with 255 vertical feet of graphite marble with graphite grades from 4.5% to 6.4%. The drilling program should allow us to confirm that we are in front of a major large flake graphite body similar to IMERYS TIMCAL's deposit 28 miles west of our mine".
Graniz is now up 5 cents to 29 cents late morning.
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