February 20, 2013 – Sylacauga, Alabama – Alabama Graphite Corp. (the “Company”) (CNSX:ALP) (Frankfurt: 1AG.F WKN A1J35M ISIN: CA0102931080) is pleased to report initial assay results from the 2012 sonic drill program at the Coosa Graphite Project, Alabama.
Initial drilling at the Coosa Project consisted exclusively of diamond core drilling. To improve recoveries through the upper weathered and unconsolidated oxidized zone, two sonic drills were mobilized to the project site in mid-November by Major Drilling. In addition to pre-collaring the holes through the oxidized zone, the Company also re-drilled the upper portions of previous holes. A total of 1,618.5 feet (493.3 meters) were drilled in 45 sonic holes. Processing of these holes began in January, 2013 following discussions with Scott E. Wilson Consulting (now called Metal Mining Consultants, Inc.) regarding QA/QC protocols. Samples were logged and sampled at the Company’s facility in Sylacauga and shipped to ALS Minerals in Elko, NV, for analysis. The samples were analyzed for graphitic carbon (Cg) by the LECO method.
“ A unique attribute to the Alabama Graphite Schist is its past production from the oxidized zones at surface,” comments CEO Dan Spine. “ We employed the sonic rigs in November to optimize our recoveries in this zone. These are the first assays received from this program. These are excellent results. We can identify graphite-bearing rock from surface in all these holes and show continuity with the graphitic layer already processed in the rock beneath.”
Below is a table summarizing the results from the initial sonic holes:
|Drill Hole||Area||Depth ft. (m)||From:||To: ft’ (m)||Width ft’ (m)||Cg%|
|AGC-I01S||Resource Grid||40’ (12.19m)||0’||40’ (12.19m)||40’ (12.19m)||2.09|
|AGC-I02S||Resource Grid||30’ (9.14m)||0’||30’ (9.14m)||30’ (9.14m)||2.26|
|AGC-I03S||Resource Grid||60’ (18.29m)||0’||60’ (18.29m)||60’ (18.29m)||2.56|
|AGC-I04S||Resource Grid||20’ (6.1m)||0’||20’ (6.1m)||20’ (6.1m)||2.34|
|AGC-I05S||Resource Grid||15’ (4.57m)||0’||15’ (4.57m)||15’ (4.57m)||1.11|
|AGC-I06S||Resource Grid||10’ (3.05m)||0’||10’ (3.05m)||10’ (3.05m)||1.31|
|AGC-I07S||Resource Grid||23’ (7.01m)||0’||23’ (7.01m)||23’ (7.01m)||1.56|
A map showing the resource grid and drill holes locations can be found on the Company website at http://alabamagraphite.co.
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 over 40,000 acres located in an area with significant historical production of crystalline flake graphite. For further details go to www.alabamagraphite.co
ALABAMA GRAPHITE CORP.
Daniel Spine, CEO
Danny Gravelle, Investor Relations
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.