The Conversation (0)
Alabama Graphite Corp. (CNSX:ALP,US:ABGPF) updated the Technical Report that was dated August 31, 2012 for the Coosa Graphite Project in Alabama. The update was due to a completion of a drill program that involved both diamond coring and sonic drilling with assay results for 38 holes.
As quoted in the press release:
Major revisions include a substantial increase in the acreage held under mineral lease, the Surface Use Agreement to drill with Headwaters Investments, permitting with the Alabama Department of Environmental Management (ADEM) and a better understanding of the local geology. The most significant change, however, involves the completion of a drill program involving both diamond coring and sonic drilling. A total of 21,856.9 feet (6662m) were drilled in 69 holes within the project area. Assay results for 38 cores holes and seven sonic holes are included within the report.
Alabama Graphite Corp. VP of Exploration, Dr. Douglas Oliver, said:
The need to revise this report so soon after issuing the original is an indication of our rapid progress at the Coosa Project. Since last summer our level of knowledge regarding the graphite mineralization and the local geology has expanded by an order of magnitude. However, we emphasize that this should be regarded as an interim report. We are on track to having a compliant mineral resource estimate in hand this Spring. That will, of course, require us to issue a new technical report.
Click here to read the Alabama Graphite Corp. (CNSX:ALP,US:ABGPF) press release
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