Alabama Graphite Company, Inc.
CNSX: ALP
Alabama Graphite Company Inc., is a graphite exploration and development company whose flagship project “The Coosa Graphite Project” in Coosa County, Alabama is located in an area with significant historical production of crystalline flake graphite.
The Coosa Graphite Project
The Coosa Graphite Property is located in Coosa County, Alabama, 60 air miles (96km) south-southeast of Birmingham and covers approximately 10 miles (16 kilometers) of strike length of graphitic schists, which includes several bands of graphitic schist in a zone up to 6 miles (9.6km) wide. An initial sampling program has been completed with positive results. The author of the Technical Report has visited the historic mines in the field, and has seen the graphitic schist exposures in roadcuts. The author of the Technical Report has reviewed the sampling and analytical protocols and found them to be satisfactory.
The distribution of the graphitic schists and the locations of higher grade areas within the Coosa Graphite Project are generally outlined on the available geologic maps but are poorly known in detail. The author of the Technical Report has recommended an airborne electromagnetic (EM) survey to define the locations and limits of the graphite-bearing schist units. It is expected that the EM survey will focus the subsequent exploration efforts on the most favorable areas.
The Property has a well-developed network of access roads built for timber management purposes. These provide exposures of the schists in roadcuts, which would otherwise be difficult to find. Some of these have been sampled, in less than 10% of the prospective area. A preliminary sampling program consisting of 113 channel samples returned an average of 4.28% total carbon. Previous analyses at the Coosa Graphite Project indicate that 97% of the carbon is in the form of graphite.
In addition to the geophysical survey, a program of backhoe trenching is being implemented to further expose the geology in the areas where the channel sampling indicated the more well-mineralized graphitic horizons. This work is expected to define drilling targets.
The recommended budget for the planned program for the exploration and development program at the Coosa Graphite Project is US$2,518,000.
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