The Fixico prospect, a small historic producer located near to the Coosa Project where the company has been concentrating its efforts.
Recent fieldworks at the presence of Fixico prospect within a separate graphitic schist horizon from that at the Coosa project.
Despite parallel alignment of these two graphitic horizons, differences between them exist with respect to the graphite mineralogy, according to the preliminary results.
Alabama Graphite VP Exploration Dr. Douglas Oliver said the company is pleased with these preliminary mineralogical results.
"The Fixico horizon gives us the possibility of adding to the recently announced resource at the Coosa Project. Differences in mineralogy within the two horizons provide opportunities for tailoring products to specific end-user requirements. Our plans are to test this horizon by drilling later this year," added Oliver.
Mineralogical analysis undertaken by ActLabs comprised two composite samples with first collected from the exposed open pit at the Fixico Mine containing 3.53% graphitic carbon and the second composite collected 1.4km to the northeast along strike containing 4.34% graphitic carbon.
