Alabama Graphite Initiates Rock Hardness Testing at its Coosa Project in Alabama, USA
17 Junio 2014 - 5:29AM
Access Wire
VANCOUVER, Canada / ACCESSWIRE /
June 17, 2014 / Alabama Graphite Corp. (the "Company") (TSX-V: ALP) (OTCQB: ABGPF) (FRANKFURT:
1AG WKN: A1J35M) (ISIN#
CA0102931080) is pleased to announce that it has
provided samples for initial Bond Work Hardness Indices testing
to 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, in
order to liberate the individual graphite flakes. The ease or
difficulty of doing this has a direct impact on the economics of a
graphite mine.
The
Company has provided samples of both oxidized (weathered, at
surface) and unoxidized (non-weathered) material for
testing. The Company's Coosa
Project is unique among defined North American graphite resources
in that a substantial portion of the deposit is oxidized.
Historically, all of the graphite production from the Alabama
deposits came from soft, decomposed rock in the oxidized
zones.
"Because of Alabama's location in
the southern United States, glaciers never scoured off the oxidized
upper portion of the deposit as they did in Canada or Alaska,"
remarked Dr. Douglas Oliver, VP of Exploration. "It is our
expectation that the Bond Work Hardness Index for the weathered
material will be substantially lower than either the deeper
(unoxidized) portion of the Coosa deposit or other graphite
resources in North America."
This testing will
provide insight into the ease of milling the Alabama graphitic
schist. These results - along with the ongoing metallurgical
testing - will be used as inputs in a Preliminary Economic Analysis
(PEA) expected to begin later this year.
"Our
primary interest in initiating this testing is to get a head start
in finalizing the parameters that will impact the economics of the
Coosa project. Given our mission to be one of the greenest graphite
producers in the world, something as simple as the hardness of the
rock will effect the net environmental impact of the final process,
the initial capital costs and the ongoing operating expenses of
this project," stated Ron Roda, CEO of Alabama
Graphite. "The soft, easily
broken-down nature of the oxidized rock is a unique characteristic
of the Coosa Resource and we expect it will provide both intangible
and tangible economic benefits going forward."
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.
About Alabama
Graphite:
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.
ALABAMA GRAPHITE
CORP.
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.
NEITHER THE TSX VENTURE EXCHANGE NOR
ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
RELEASE.
SOURCE: Alabama Graphite Corp.
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