Alabama Graphite makes Discovery at its Coosa project; announces preliminary results
August 28, 2013 - Sylacauga, Alabama - Alabama Graphite Corp. (the "Company") (CNSX:ALP) (Frankfurt: 1AG.F WKN A1J35M) is pleased to report that it has received a preliminary mineralogical report (Graphitic Carbon Content (Cg) and Graphite Flake Size Distribution) for its new discovery, the Fixico Graphite Prospect. This represents ongoing work performed by ActLabs of Ancaster, Ontario.
The Fixico Prospect is a small historic producer located approximately a kilometer to the southeast of the Coosa Project where the Company has thus far concentrated its efforts. Recent fieldwork has confirmed that the Fixico Prospect is hosted within a separate graphitic schist horizon from that at the Coosa Project. Though these two graphitic horizons parallel each other, preliminary results suggest that differences exist with respect to the graphite mineralogy.
ActLabs conducted mineralogical analysis from two composite samples. The first composite was collected from the exposed open pit at the Fixico Mine. This sample contained 3.53% graphitic carbon (Cg). The second composite was collected 1.4km to the northeast along strike and contained 4.34% Cg. Based on electron microscopy analysis, the two samples had the following graphite size distributions:
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| |Sample 1|Sample 2|
|-------------------------------------------|
|Jumbo (+48 mesh) |9.07% |5.12% |
|-------------------------------------------|
|Large (-48 to +80 mesh) |22.67% |21.64% |
|-------------------------------------------|
|Medium (-80 to +120 mesh)|13.65% |14.93% |
|-------------------------------------------|
|Small (-120 mesh) |54.61% |58.31% |
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Dr. Douglas Oliver, VP Exploration, comments, "We are pleased with these preliminary mineralogical results. The Fixico horizon gives us the possibility of adding to the recently announced resource at the Coosa Project. Differences in mineralogy within the two horizons provide opportunities for tailoring products to specific end-user requirements. Our plans are to test this horizon by drilling later this year."
Dana Durgin, P.Geo., a Qualified Person as defined by National Instrument 43-101 and independent consultant to the Company, has reviewed the contents of this press release.
About Alabama Graphite:
Alabama Graphite Corp., through its wholly-owned subsidiary, Alabama Graphite Company Inc., is a graphite exploration and development company whose flagship project "The Coosa Graphite Project" in Coosa County, Alabama encompasses of over 40,000 acres located in an area with significant historical production of crystalline flake graphite. The Coosa Graphite project is 100% owned by Alabama Graphite and on private land. Last month, following less than one calendar year of exploration, the Company disclosed an initial mineral resource estimate for the Coosa Graphite Project prepared by Metals Mining Consultants. In addition, the Company recently acquired a 100% interest in the Hearst Graphite project in Northern Ontario. This gives the Company projects in two of the most significant graphite mining jurisdictions in the world. For further details go to www.alabamagraphite.co
ALABAMA GRAPHITE CORP.
Daniel Spine, CEO
(404) 661-6254
Ron S. Roda, President
(609) 785-1581
Danny Gravelle, Investor Relations
(949) 305-5093
ir@alabamagraphite.co
THE CANADIAN NATIONAL STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Forward-looking information
This release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as the anticipated timing of processing of drill core and the return of assay values, along with the determination of an initial mineral resource estimate.
Forward-looking information is based on a number of material factors and assumptions, including contracted parties being able to provide services on the agreed timeframes, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking information involves known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, changes in project parameters as plans continue to be refined; future prices of graphitic carbon; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry, as well as those factors disclosed in the company's publicly filed documents. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
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