The leases cover a total area of 3,759.6 acres, where the company will undertake surface mapping and expanded sampling of various showings and old mines.

A drill program is expected to follow the exploration to deliver quantifiable resource evaluation.

Graphite Corp president Brian Goss remarked that developing an extraction program is a very specific process.

"Our stakeholders are pleased by our actions both in the field and with the early results of our probing historic research which is ongoing and contains highly positive information from very creditable sources.

"This field work will take care of several checkmarks on our list of activities and moves us that much closer to the development of a tenable resource valuation, which is a key to our future funding and long term goals.

"We look forward to providing further updates as soon as they become available," Goss said.