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Alabama Graphite Releases Final Results from Trenching at its Coosa Project in Alabama, USA

Thursday, 22 January 2015 08:01 AM

Alabama Graphite Corp.

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Vancouver, BC / ACCESSWIRE / January 22, 2015 / Alabama Graphite Corp. ("Alabama Graphite" or the "Company") (TSX-V:ALP) (OTCQX:ABGPF) (FRANKFURT: 1AG WKN: A1J35M) (ISIN# CA0102931080) is pleased to announce that it has received final assay results from a trenching program conducted at its Coosa Project in late 2014. The results identified new targets in Coosa showing some sections averaging over 4% C(g). In addition, the results show the potential of expanding the existing resource.

The purpose of the trenching was both to further evaluate the known resource as well as to test the 'hearts' of the airborne geophysical anomalies that are distinct from the established resource. Bulk samples were also collected for future metallurgical testing.

Trenching was performed by a local excavation contractor although all sampling and logging was conducted by Alabama Graphite personnel. Analyses were conducted by ActLabs of Ancaster, Ontario. Samples were collected on five-foot intervals with the majority of the trenches cut perpendicular to the strike of foliation. In keeping with the Company's environmental commitment, trenches are backfilled and reclaimed after sampling.

Significant results of trenches in the known resource is presented in the table below:

Trench ID

Location

Length

Key Interval

Width

Average % C(g)

AGC-14-TR01a

Northern Strat

550'

0-280'

280'

3.12

 

Northern Strat

 

320-435'

115'

3.53

AGC-14-TR01b

Northern Strat

425'

65-250'

185'

2.75

 

Northern Strat

 

300-425'

125'

3.06

AGC-14-TR02

Northern Strat

475'

120-260'

140'

3.02

AGC-14-TR03a

Northern Strat

150'

NSV

NSV

NSV

AGC-14-TR03b

Northern Strat

1020'

695-865'

170'

3.34

 

Northern Strat

 

920-1020'

100'

2.96

AGC-14-TR05

Resource Grid

275'

0-50'

50'

3.03

 

Resource Grid

 

200-250'

50'

2.96

AGC-14-TR07a

Resource Grid

200'

80-140'

60'

3.20

AGC-14-TR07b

Resource Grid

300'

5-250'

245'

3.04

AGC-14-TR08

Resource Grid

250'

0-105'

105'

3.94

NSV = No Significant Values

Trenching in the new target areas has identified several new areas with significant graphite over substantial widths. The results of these trenches are summarized in the table below:

Trench ID

Location

Length

Key Interval

Width

Average % C(g)

AGC-14-TR04

Gray Rock

550'

100-250'

150'

2.82

AGC-14-TR10a

Roscoe Ridge

100'

NSV

NSV

NSV

AGC-14-TR10b

Roscoe Ridge

100'

NSV

NSV

NSV

AGC-14-TR10c

Roscoe Ridge

300'

50-120'

70'

3.47

 

Roscoe Ridge

 

175-240'

65'

3.19

AGC-14-TR11

Fixico Mine

300'

40-110'

70'

4.04

AGC-14-TR12

Fixico Mine

950'

290-435'

145'

2.98

 

Fixico Mine

 

565-680'

115'

2.87

 

Fixico Mine

 

720-950'

230'

3.16

AGC-14-TR13

Gray Rock

75'

NSV

NSV

NSV

AGC-14-TR14b

Gray Rock

600'

290-585'

295'

2.96

AGC-14-TR14c

Holy Schist

410'

70-145'

75'

3.00

 

Holy Schist

 

290-410'

120'

2.95

AGC-14-TR14d

Holy Schist

350'

55-225'

170'

3.81

 

Holy Schist

 

255-350'

95'

4.07

AGC-14-TR16a

Holy Schist

225'

0-185'

185'

2.50

AGC-14-TR16b

Holy Schist

225'

145-225'

80'

3.19

AGC-14-TR17

Hog Holler

485'

NSV

NSV

NSV

AGC-14-TR18a

Big Flake

275'

70-175'

105'

2.68

AGC-14-TR18b

Big Flake

300'

NSV

NSV

NSV

AGC-14-TR18c

Big Flake

350'

180-305'

125'

3.09

AGC-14-TR19

Big Flake

225'

20-140'

120'

2.93

AGC-14-TR20

Big Flake

1000'

635-875'

240'

2.80

AGC-14-TR21a

Hot Spot

325'

155-325'

170'

3.19

AGC-14-TR21b

Hot Spot

125'

NSV

NSV

NSV

AGC-14-TR22a

Secret Spot

175'

NSV

NSV

NSV

AGC-14-TR22b

Secret Spot

340'

NSV

NSV

NSV

NSV = No Significant Values

The trenching program was the most recent activity as the Company continues to explore its 43,000 acre land position encompassing the Coosa Project area. Previous exploration has included channel sampling, airborne and ground geophysics, and preliminary sonic drilling. The trenching program has defined multiple areas of near-surface graphitic mineralization that represent opportunities to add to the existing resource. It is noted that analysis of previous trenching suggests that trenching systematically underestimates the grade because of accumulation of clays in near-surface samples.

"It should be emphasized that all of these trenches (3ft-6ft deep) are in soft, oxidized rock which is a key attribute of the Alabama graphite deposits," states Ron Roda, President and CEO of Alabama Graphite. "We continue building significant results in this weathered material. We are pleased that many of the best intercepts represent improvements over the published grade of our indicated resource. Combined with our logistical and regulatory advantages in Alabama, the work index established for this oxidized material creates a compelling scenario. We are also confident that the trenching and sonic drilling in the Northern Strat section can be used to expand the Company's existing NI 43-101 resource."

The Company is preparing composite samples for metallurgical testing from some of the key trench intercepts as the next step in the exploration process.

Rick Keevil, P. Geo., a Director of the Company and VP of Project Development, is a Qualified Person as defined by National Instrument 43-101, has reviewed the contents of this press release.

About Alabama Graphite

Alabama Graphite Corp.'s mission is to become one of the greenest graphite producers in the world. The Company, through its wholly-owned subsidiary, Alabama Graphite Company Inc., is conducting exploration and development both at its flagship Coosa Graphite Project in Coosa County, Alabama, USA and the recently acquired Bama project in Chilton County, Alabama, USA. These two advanced-stage projects are 100% owned by Alabama Graphite and are on private land. The two projects encompass over 43,000 acres and are located in an area with significant historical production of crystalline flake graphite. The Company has the largest NI 43-101 indicated flake graphite resource in the United States based on drilling 0.18 square miles (0.3% of the total acreage). The Alabama deposits are unique in that a significant portion of the graphite-bearing material is oxidized and has been broken down into an extremely soft rock. Both projects have in place critical infrastructure, are within close proximity to transportation routes and enjoy a hospitable climate allowing for year-round production and delivery. For further information and updates on the Company, please visit www.alabamagraphite.com.

ALABAMA GRAPHITE CORP.

Ron S. Roda
President & Chief Executive Officer
(609) 785-1581
[email protected]
www.alabamagraphite.com

Disclaimer for Forward-Looking Information

This press release contains forward-looking information under applicable Canadian securities laws ("forward-looking statements") that are based on the beliefs of management and reflect Alabama Graphite Corp.'s current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current view of Alabama Graphite Corp. with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among other things, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of graphite; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Company's publicly filed documents. Forward-looking statements are also based on a number of assumptions, including that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen breakdowns, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted.

Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Alabama Graphite Corp. undertakes no obligation to update forward-looking statements (unless required by law) if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

Alabama Graphite Corp. cautions that the foregoing list of material factors and assumptions are not exhaustive. When relying on Alabama Graphite Corp. forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and assumptions and other uncertainties and potential events. Alabama Graphite Corp. has also assumed that the material factors and assumptions will not cause any forward-looking statements to differ materially from actual results or events. However, the list of these factors and assumptions is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

 

SOURCE: Alabama Graphite Corp.  

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