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Alabama Graphite Corp. (TSXV:ALP,OTCQX:ABGPF) announced it has filed a National Instrument 43-101 technical report dated Nov. 17, 2015.
Alabama Graphite Corp. (TSXV:ALP,OTCQX:ABGPF) announced it has filed a National Instrument 43-101 technical report dated Nov. 17, 2015.
As quoted in the press release:
Highlights of the Updated Mineral Resource Estimate include:
- Indicated Mineral Resource of 78,488,000 tons, grading 2.39% Cg at a 1% cutoff grade, for a total of 1,876,000 tons contained graphite – the largest graphite Indicated Resource in the United States of America
- Inferred Mineral Resource of 79,443,000 tons, grading at 2.56% Cg at a 1% cutoff grade, for a total of 2,034,000 tons contained graphite
- AGC’s 2015 drill program further substantiates the positive continuity of near-surface, oxidized higher-grade graphitic material, within a simple geological setting, successfully upgrading a significant amount of the previous Inferred resource to the Indicated resource category
- The drilling campaign successfully increased the amount of oxide material in the Mineral Resource Estimate
- The updated Mineral Resource Estimate will form the basis for an additional program of cost-effective infill trenching, which the Company anticipates will further upgrade the mineral resources to the Measured and Indicated categories
- AGC will utilize the Updated Mineral Resource Estimate to prepare its maiden Preliminary Economic Assessment (“PEA”) for the Coosa Graphite Project, scheduled for publication on November 27, 2015
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