Assay results from a total of drill holes, which were drilled approximately 200m apart along a strike length of 600m and intersected a thick sequence of graphitic schist containing varying amounts of graphite, ranged from a low of 0.52% in CG-13-01 to a high of 8.85% in CG-13-03.

Tawsho Mining president and CEO Stephen Balch said the company will conduct metallurgical work on sections of the drillcore to determine flake size in order to estimate the value of the graphite.

"Some of the core intervals were not sampled due to our original visual estimate of grade but it looks like we under-estimated the amount of graphite present," Balch added.

"As a result we will have to sample the remaining intervals, have them assayed and then upgrade our composites."

Meanwhile, Tawsho advised its option partner Rhino Exploration, its intention to terminate the Whisker Valley Property option agreement.