Alabama Graphite Corp. (CNSX:ALP) drilled a 152.4m intercept at its Coosa Graphite Project in Alabama. Both holes were on the northeast fence of holes that will be used to guide resource development drilling within the same suite of rocks.
As quoted in the press release:
Both holes were drilled at an azimuth of 300° and a -50 degree dip in order to intersect the graphitic schists perpendicular to foliation. In AGC-12-007C the interval from 36.58 to 83.82m (120 to 275 feet) averaged 2.87% Cg. Included in this 47.24m (155 feet) interval was 6.10 meters (20 feet) grading 4.62% Cg. In AGC-12-009C the interval from 27.43m (90 feet) to the bottom of the hole averaged 2.97% Cg. Included in this 152.4m (410 feet) interval was 9.14m (30 feet) grading 3.55% Cg and 19.81m (65 feet) grading 3.78% Cg.
Alabama Graphite Corp. CEO, Daniel Spine said:
We are very pleased to report our first drill results which we consider a major milestone in our efforts to bring Alabama back into the ranks of graphite producers. Core from drill holes along strike from these holes are currently in the lab awaiting analysis. We expect to have additional assay results to report shortly.
Investing in graphite? Eagle Graphite Incorporated (TSXV:EGA) owns one of only two natural flake graphite production facilities in North America. Eagle Graphite recently achieved 99.995% purity from flake graphite produced from the processing plant of the Black Crystal project in BC.
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