Alabama Graphite Receives Results From Surface Sampling Program
VANCOUVER, Canada / TNW-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:
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|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 |
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"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
rroda@alabamagraphite.com
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.
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