Perhaps it’s the end of the Olympics that made me break out OASIS this morning while we calculated the graphite and graphene sponsor averages for last week (numbers calculated between close of market Friday, August 3, 2012 and close of market Friday, August 10, 2012) but I must admit that I was delighted that we scored a perfect Olympic 10. The average change in share prices for GraphiteBlog sponsors this last week was up 10.00%.
This week’s highest mover was Standard Graphite Corp. (TSXV: SGH) with shares up 25.00%. Finally, investors are recognizing what a tremendous team they have and read their most recent announcement. On August 8, 2012, Standard Graphite announced that resource drilling had commenced as the Mousseau East graphite deposit in Quebec and they are planning a 3,000 meter diamond drilling program focused on qualifying and expanding the historical resource as well as exploring for additional potential resources elsewhere on the project (read more).
Shares of Rainbow Resources Inc. (TSXV: RBW | OTCPK: RIINF) were also up 14.29% and 17.98% respectively, perhaps from joining GraphiteBlog last week? On August 9, 2012, Rainbow Resources reported that their prospecting and geological teams are following up on recently interpreted airborne geophysical data that has greatly expanded the zone of potential mineralization at the 4,000-hectare International Silver Property in the West Kootenay region of southeast British Columbia and that the first-ever drill program at the property is ready to begin (read more). Rainbow Resources is a newly-listed Canadian based junior exploration company focused on aggressive exploration in two favorable and proven mining jurisdictions – the West Kootenays in southeast British Columbia (silver, gold and flake graphite), and Nevada where Rainbow's Jewel Ridge Gold-Silver Project is in the heart of a major producing district.
Galaxy Graphite Corp. (TSXV: GXY) shares prices rose 13.33% on news of their permit approval to begin drilling at the SUN graphite property. Drilling will range between 2,500 meters to 3,000 meters, totalling 25-30 holes with depths ranging from 75-125 meters. Drilling is anticipated to begin on or around August 24, 2012, lasting for about one month (read more).
The weekly share price chart for GraphiteBlog sponsors is below:
Disclaimer: All companies listed in the above chart are GraphiteBlog sponsors.
*Share prices taken from BigCharts.com on 2012-08-13.