Alabama Graphite Corp. (TSXV:ALP,OTCQB:ABGPF) announced that it has begun a reconnaissance drilling program at its Alabama-based Coosa project. The program will consist of 20 holes, though more may be added depending on initial results.
As quoted in the press release:
The focus of the drilling is to preview target areas identified during airborne and follow-up ground geophysical surveys performed in Spring, 2014. The airborne surveys identified five target areas characterized by strong EM conductors and weak magnetic response. Surface channel sampling has confirmed the presence of graphite in significant amounts. These areas are in close proximity and are geologically similar to the previously defined Coosa resource.
Dr. Douglas Oliver, vice president of exploration at Alabama, commented:
The sonic drilling will allow us to test each of the five target areas identified during the airborne geophysical survey. As we learned through our previous drilling program, sonic drilling is a cost-effective exploration tool. In addition, it is the only drilling technology that will allow for continuous sampling through the soft, weathered upper portions of the graphitic schists. Our goal is to put multiple holes into each of the five target areas as a prelude to a Fall drilling campaign. We suspect that one or more of these targets may be a satellite to the Coosa deposit – possibly one where the mix of flake-size and grade offers improvements on what we’ve already identified.
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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