Alabama Graphite Corp. (CNSX:ALP,FWB:1AG) announced the completion of a total of 66 core holes in the drill program at its Coosa Graphite Project, Alabama.
As quoted in the press release:
Twelve of these were in two fences designed to gain an understanding of the local stratigraphy. The remainder of the holes were in drilled at a 61m by 61m spacing in a grid intended to define a resource. In addition, 45 of the holes were pre-collared with a sonic drill in order to improve recoveries through the weathered potion of the holes.
Alabama Graphite CEO Daniel Spine said:
I congratulate both our exploration team and Major Drilling for putting together and completing this drill program in record time. Considering that the Coosa Graphite Project was acquired less than five months ago, we consider our progress as nothing short of amazing. While these drill results are an essential first step, our next hurdle is to process the samples and establish a resource that we can report. We intend to pursue this with the same determination that has gotten us this far, this quickly.
"Did you know graphite is as tough as diamonds, but its unique structure makes it light, soft, and highly resistant to heat as well?"
Find out everything an investor needs to know about graphite investing. Click below to download a FREE industry report on the graphite market.