Alabama Graphite Announces Drill Program at Coosa Project

Alabama Graphite Corp. (TSXV:ALP) announced it has finalized plans for a diamond drilling program at its flagship Coosa Project in Alabama.

As quoted in the press release,

The primary purpose of the drilling is to expand the oxide resource within the Coosa Project area.  Previous drilling at the Coosa Project resulted in a published NI 43-101 resource containing both indicated and inferred categories.  The current drill program will consist of infill drilling between the main Coosa indicated resource and inferred resources along the Northern Strat section.

Ron Roda, President and CEO of Alabama Graphite stated:

The purpose of this program is to expand the oxide portion of our resource. The drill results will be used to update our NI 43-101 resource estimate. This updated resource – along with the flowsheet analysis and CapEx and OpEx studies – will be the basis for an inaugural Preliminary Economic Assessment (PEA).  The PEA will focus exclusively on the soft, oxide resource which we feel is a unique characteristic that sets us apart from other graphite resources in North America. We expect completion and delivery of the PEA in the second half of, 2015.

Click here for the full Alabama Graphite Corp. (TSXV:ALP) press release