Coosa County Project
Since September 2012, Alabama Graphite has been focused on exploration and development of it’s 100% owned Coosa Graphite Project in Coosa County, Alabama. The property comprises 42,000 mineral acres, all on private land and is in an area that was a significant historical producer of flake Graphite from the late 1800′s through the 1950′s. The Company started drilling in the fall of 2012 and completed 12 stratigraphic and 57 core holes for a combined total of 21,800ft (6,644m) of drilling by December 2012. A maiden National Instrument 43-101 resource was published in August 2013 (updated May 2014) showing an Indicated resource of 38.16million tons at 2.6% Cg and an Inferred resource of 26.99million tons at 2.87% Cg.
Our geology team has conducted an extensive channel sampling program where over a 1000 samples have been collected from more than 300 locations across the property. In addition an inaugural airborne survey (TDEM) was conducted on the property and completed in May 2014. The survey identified several anomalies that showed a combination of high electromagnetic and low magnetic signatures. A ground geophysical survey (GEM2) was also conducted on the property to better understand the anomalies identified by the TDEM. In August 2014 the Company completed a twenty four hole sonic drill program to assess the nature of the new anomalies in order to expand and/or optimize the resource to include fertile graphite horizons suggested by the channel samples, airborne and ground geophysical surveys.
Click here to view the “drill site locations.”