Alabama Graphite Receives Positive Results From Rock Hardness Testing For Its Coosa Project In Alabama, USA
Vancouver, BC / TNW-ACCESSWIRE / August 1, 2014 - Alabama Graphite Corp. (the "Company") (TSX-V:ALP) (OTCQB:ABGPF) (FRANKFURT: 1AG WKN: A1J35M) (ISIN# CA0102931080) is pleased to announce that it has received the results of initial Bond Work Hardness Indices tests from SGS Canada in Lakefield, Ontario, Canada. Bond Work Hardness Indices are a measure of the amount of work required to reduce a rock in size to the point where individual minerals are liberated and can be recovered. The Company provided samples of both oxidized (weathered) and unoxidized (non-weathered) material from its flagship Coosa Project in Alabama, USA, for testing.
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|Type |BWI (kWh/t)|
|----------------------|
| | |
|----------------------|
|Oxidized |5.3 |
|----------------------|
|Unoxidized|15.0 |
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The results reported by SGS substantiate the Company's belief that the oxidized portion of the Coosa Deposit is substantially softer than other defined North American graphite resources. Published Bond work indexes for advanced graphite projects are typically in the 10 to 15 kWh/t range. The 5.3 kWh/t value from the oxidized portion of the deposit is a unique characteristic of graphite deposits in Alabama. Because the Ice Age glaciations never reached as far south as Alabama, the soft, decomposed graphitic schists in the oxidized zones were never scoured off.
"The Bond Work Hardness Index for the oxidized portion of the Coosa resource offers opportunities not found anywhere else in North America for Alabama Graphite," stated Dr. Douglas Oliver, VP of Exploration. "We expect that the relative ease in the milling of decomposed graphitic schist will translate into lower operating expenses for the project. In addition, we suspect that a mill designed to take advantage of soft rock will also result in savings in capital expenditures if the project were to go into production. A significant portion of the Coosa deposit is oxidized and could be preferentially exploited to take advantage of potential savings in both CapEx and OpEx. Historically, all of the graphite production in Alabama came from oxidized graphitic schists."
These results along with ongoing metallurgical testing will be used as inputs in a Preliminary Economic Analysis (PEA) expected to begin later this year.
Rick Keevil, P. Geo., a Director of the Company and VP of Project Development, is a Qualified Person as defined by National Instrument 43-101, has reviewed the contents of this press release.
Alabama Graphite Corp.'s mission is to become one of the greenest graphite producers in the world. The Company, through its wholly-owned subsidiary, Alabama Graphite Company Inc., is conducting exploration and development on its flagship project "The Coosa Graphite Project" in Coosa County, Alabama, USA. The project encompasses over 40,000 acres and is 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. The Company's property has in place critical infrastructure, is within close proximity to transportation routes and a hospitable climate allowing for year-round production and delivery. The Company published an inaugural mineral resource estimate in July 2013, which was revised in March 2014, is continuing to define the footprint of the "The Coosa Graphite Project" and will look to start work on the 100% owned "Hearst Graphite Property" in Northern Ontario. For further information and updates on the Company please visit www.alabamagraphite.com.
Ron S. Roda
President & Chief Executive Officer
(609) 785-1581
rroda@alabamagraphite.com
www.alabamagraphite.com
Disclaimer for Forward-Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect Alabama Graphite Corp.'s current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of Alabama Graphite Corp. with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Alabama Graphite Corp. undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
Alabama Graphite Corp. cautions that the foregoing list of material factors is not exhaustive. When relying on Alabama Graphite Corp. forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Alabama Graphite Corp. has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
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