Alabama Graphite Expands Drill Program at Coosa Project

Alabama Graphite Corp. (TSXV:ALP,OTCQX:ABGPF) announced that it’s expanded the summer 2015 diamond drill program at its Alabama-based Coosa graphite project.
The company has already completed a 2015 drill program there under budget, and the new program will target areas that have shown “increased quantities of large-size flake graphite.”
As quoted in the press release:

• The goal of the expanded drill program is to target “Roscoe Ridge” which is located approximately 600 feet southeast and parallel to the established resource grid, and the “Holy Schist” trench. Metallurgical work from trenching in both areas yielded 28.2% and 30.5% large flake (+ 80 mesh) respectively.
• Four (4) 100-foot drill holes at Roscoe Ridge will be drilled to the southeast of the current resource grid and added to the Coosa Graphite Project’s updated NI 43-101 Resource Estimate, which is currently underway by Metal Mining Consultants Inc. (Highlands Ranch, Colorado) and is scheduled for completion by September 2015. With the addition of these new drill holes, a total of 37 drill holes and 5,672 feet (1,729 meters) of core will be used to update the Company’s Resource Estimate.
• In addition, a small exploration drill program consisting of five (5) drill holes, comprising a combined total 800 feet (244 meters) of core, will be used to test the Holy Schist target, which was discovered during the Fall 2014 trenching program at Coosa. Trench AGC-14-TR14D was 350 feet in length and averaged 3.54% C(g), yielding 30.3% large flake (+80 mesh). SGS Mineral Services (Lakefield, Ontario) conducted a preliminary flake beneficiation test from bulk material collected along the trench and determined 30.5% large flake (+80 mesh) was present in the weathered material. Given a successful drill program, this target could be potentially upgraded to an additional resource area in the near future, with continued exploration.

Don Baxter, co-CEO of Alabama Graphite, commented:

With graphite, large flake commands higher prices than smaller flake sizes of equal purity. The purpose of AGC’s expanded 2015 drilling program at Coosa is to target areas that have been tested and indicate a higher percentage of large flake than we have seen in the southern portion of the current resource. These additional drill targets show the potential to increase both the overall grade and large flake percentage of the existing resource
We are very fortunate with the Coosa property as the weathered, soft oxide material provides more flexibility for test pitting and trenching than other hard-rock graphite deposits; a unique characteristic that differentiates AGC from other flake graphite deposits in North America. We are aggressively exploring with intent to develop the Coosa Graphite Project – the premiere flake graphite project in the continental United States of America. As announced on April 21, 2015, AGC remains on schedule to publish the Company’s inaugural NI 43-101 Preliminary Economic Assessment (“PEA”) in Q4 this year.

Click here to read the full Alabama Graphite Corp. (TSXV:ALP,OTCQX:ABGPF) press release.