Vancouver, BC / ACCESSWIRE / June 5, 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 initial Metallurgical Scoping Level Evaluation of Graphite Composites from SGS Canada in Lakefield, Ontario, Canada. Results from two drill core samples taken from the drill grid area and the northern fence yielded mass recoveries of 25% and 28% into the large (coarse) flake size category of greater than +80 mesh. In addition, initial simple flotation tests used to produce these initial concentrates had purities up to 93% C(t). A full process development study including grinding and flotation optimization is expected to yield noticeably higher purities, thus reducing the operating cost of a downstream mining process.
The Company is confident, from the results of this analysis, that as the project is advanced, a concentration of 95%+ C(t) purity will be achievable by means of simple flotation only without the use of environmentally damaging chemical processes. The majority of premium-priced graphite concentrates equal or exceed this 95% threshold in the larger flake sizes and presently is used to make spherical graphite for manufacturing lithium-ion batteries.
In addition, head grades of 3.21 % and 4.4 % C(g) were determined for these composite samples.
The Company’s Coosa project is located within an area of significant historical production of flake graphite. The project has in place critical infrastructure, is within close proximity to transportation routes and a hospitable climate allowing for year-round production.
“We are pleased to have the samples respond so favorably to the simple, flotation process,” remarked Dr. Douglas Oliver, VP of Exploration. “As a first attempt at comprehensive metallurgy, getting both this proportion of coarse flakes and the purity levels are notable achievements. We see this as another incremental step in moving us closer to production.”
The primary objective of the scoping-level program is to determine the zones that show the most promise from a metallurgical response and graphite flake-size distribution point of view. A full flow sheet development program will be completed on the most promising zones.
“These preliminary results are extremely encouraging and are starting to showcase the combination of fundamental economics and our mission to be the greenest graphite operation in the world. The fact that the initial tests already achieved concentrate grades of 93% is encouraging news. It is believed that a flow sheet optimization program will enhance these concentrate grades noticeably allowing us to have an extremely cost efficient downstream process,” stated Ron Roda, CEO of the Company. “Also it is important to note that we have uncovered multiple zones with more compelling geophysical signatures than the drill grid. The Company is actively engaged in testing these zones and anticipates releasing these results over the next couple of months.”
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., 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. 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. 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.
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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.
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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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SOURCE: Alabama Graphite Corp.