Alabama Graphite Corp. (TSXV:ALP,OTCQX:ABGPF) announced that it has finished a sonic drilling program at its Alabama-based Coosa project.
As quoted in the press release:
The expanded program included a total of 24 sonic holes comprising 1301 feet (396.5m). Graphite was observed in a majority of the sonic cores. Over 80% of the holes were either completely in or contained substantial intervals of graphitic schist. No sulfide minerals were observed in any of the cores, which reached depths of up to 65 feet (19.8m).
Dr. Douglas Oliver, Alabama’s vice president of exploration, commented:
We are encouraged by the preliminary sonic drill results that speak to the potential for adding to the oxidized resource at the Coosa Project. Within our existing resource over 35% of it is oxidized and another 30% is transitional. In contrast, all other North American deposits are completely reduced making them both sulfide-bearing and harder to mill.
Investing in graphite? Graphite One Resources Inc. (TSXV:GPH,OTCQX:GPHOF) is advancing the Graphite Creek Deposit in Alaska - North America’s largest known large flake graphite deposit.
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