The company recently completed 2013 10-hole program while the latest five holes further extend mineralization to the west of the existing inferred resource.

A total of 4.8km continuous near surface high-grade graphite mineralization has been confirmed by the program, doubling the size of the existing strike length.

The program also confirms continuity with simple geological structures and high grades while the holes 13GCH014 A, B, 015, 016, and 017 intercept significant widths of near surface graphite.

Graphite One Resources president and director Anthony Huston said that the 2013 drill program allowed the company to validate the continuous mineralization and extends for nearly 5km, further demonstrating the size of this deposit.

"We look forward to 2014 as we de-risk this asset geologically so we can move towards production," Huston added.