VANCOUVER, Canada / ACCESSWIRE / March 3, 2014 / Alabama Graphite Corp. (the "Company") (CSE: ALP) (OTC: ABGPF) (FRANKFURT: 1AG WKN: A1J35M) (ISIN# CA0102931080) is pleased to announce that it has received assay results from samples taken at its Coosa Graphite Project in Alabama. This sampling program is part of an ongoing effort to determine the extent and quality of graphite mineralization across the project area.
Graphite mineralization occurs in a northeast-trending belt across the Piedmont of eastern Alabama. This belt of graphitic schists provided the majority of domestically produced graphite in the United States prior to the end of World War II. The Company has embarked on a sample collection program using the broad network of logging roads. Because the roads are often cut down to bedrock, this allows for hand-trenching across the width of mineralization. The samples were shipped to ActLabs of Ancaster, Ontario, and assayed using their C-Graphitic (Infrared) technique.
A table of significant results and their true and apparent widths are given below:
------------------------------------------------------------- |Sample ID|Sample Width (feet)|True Width (feet)|Avg. C(g) %| |-----------------------------------------------------------| |CS-04 |35 |26.8 |3.01 | |-----------------------------------------------------------| |CS-49 |30 |23.0 |3.14 | |-----------------------------------------------------------| |CS-55 |25 |19.2 |2.97 | |-----------------------------------------------------------| |CS-67 |25 |19.2 |3.37 | |-----------------------------------------------------------| |CS-71 |25 |19.2 |3.62 | |-----------------------------------------------------------| |CS-82 |15 |11.5 |4.67 | |-----------------------------------------------------------| |CS-87 |30 |23.0 |3.27 | |-----------------------------------------------------------| |CS-88 |25 |19.2 |4.83 | |-----------------------------------------------------------| |CS-90 |30 |23.0 |5.28 | |-----------------------------------------------------------| |CS-99 |35 |26.8 |3.67 | |-----------------------------------------------------------| |CS-114 |30 |23.0 |3.26 | |-----------------------------------------------------------| |CS-126 |20 |15.3 |3.91 | -------------------------------------------------------------
"Our recent effort has focused on finding higher-grade zones within our project area," said Dr. Douglas Oliver, Vice President of Exploration. "These results indicate that significant graphite mineralization extends beyond the area where we have previously established a resource. We look forward to integrating these assay results with the scheduled airborne geophysical survey to guide future exploration and metallurgical testing."
"The average grade of our inaugural NI 43-101 indicated resource was 2.60%," said Ron S. Roda, President of the Company. "These surface sample results are encouraging as they indicate the potential to enhance the overall grade of our resource."
Dana Durgin, P. Geo., a Qualified Person as defined by National Instrument 43-101 and independent consultant to the Company, has reviewed the contents of this press release.
About Alabama Graphite:
Alabama Graphite Corp., through its wholly-owned subsidiary, Alabama Graphite Company Inc., is a graphite exploration and development company whose flagship project "The Coosa Graphite Project" in Coosa County, Alabama is located in an area with significant historical production of crystalline flake graphite. The Company published a maiden resource estimate in a NI 43-101 Technical Report in September of 2013. With the recent closing of CDN$2,100,000 in financing, the Company is focused on continuing to define the footprint of the Coosa Graphite Project and to start airborne geophysics on the 100% owned Hearst Graphite Property in Ontario. For further information and updates on the Company please visit www.alabamagraphite.com.
ALABAMA GRAPHITE CORP.
Ron S. Roda, President
(609) 785-1581
[email protected]
www.alabamagraphite.com
THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Forward looking information
This release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking information include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company's business, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.
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Forward-looking information is based on a number of material factors and assumptions, including, the result of drilling and exploration activities, 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 break downs, 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 information involves known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, 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. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.
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