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  • AGIN
  • AMERICAN GRAPHITE COM USD0.001
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  • 4/28/2017
AMERICAN GRAPHITE COM USD0.001 (AGIN)

American Graphite Starts Phase 1 Exploration Work at Lac Rouge Graphite Prospect in Quebec, Canada

American Graphite Starts Phase 1 Exploration Work at Lac Rouge Graphite Prospect in Quebec, Canada

LAS VEGAS, NV  American Graphite Technologies Inc. (“AGIN” or the “Company”) (OTCBB: AGIN) is pleased to announce today that it has started Phase 1 Exploration work at its 100% owned Lac Rouge Graphite Project located near TIMCAL’s Lac des Iles graphite mine in the province of Quebec. The exploration work includes ground prospecting, limited geological mapping of outcrops, and surface sampling. AGIN CEO, Con Anast said “I am pleased to be able to announce the start of exploration work on our property. This work will help to develop a detailed graphite exploration plan which we will then execute in the spring of 2016.”

For this exploration work, AGIN has contracted Mr Afzaal Pirzada, P.Geo., of Geomap Exploration Inc., who is a professional geologist with over 25 years’ experience in mineral exploration and mining.  In 2012, the Lochaber Graphite deposit, located approximately 80 kilometres to the south was discovered under Mr. Pirzada’s supervision.

The Company will provide a further update after the completion of the fieldwork portion of this exploration program.

 LAC ROUGE GRAPHITE PROPERTY – KEY HIGHLIGHTS

  • 100% ownership of 84 mineral claims covering approximately 5,000 hectares of land in Quebec, Canada.
  • Located within 3 miles of a world class, high-grade graphite deposit (TIMCAL’s Lac des Iles mine has been in production since 1989 with a capacity of 25,000 tons of graphite annually. Source: https://www.mern.gouv.qc.ca/mines/industrie/mineraux/mineraux-exploitation-graphite.jsp).
  • Underlain by the same geological environment as the TIMCAL mine, consisting of Metasedimentary Belt of the Grenville Province, which includes quartzofeldspathic rocks, quartzite, biotite gneiss, limestone/marble and locally pegmatitic quartzofeldspathic rocks.
  • Excellent infrastructure support with road accessibility, located 150km from Montreal. Water, power and manpower are all available locally.
  • Available airborne geophysical data from MRNF indicates a large magnetic anomaly on the property, which can be a potential target for future graphite exploration work. The anomaly covers an area of approximately 4 square kilometres.

For more information visit the website: www.americangraphitetechnologies.com

 About American Graphite Technologies Inc

American Graphite Technologies Inc. is a mineral exploration and technology development company. By concentrating on securing graphite mining opportunities and the commercialization of graphene specific proprietary technology methods, management is actively seeking profitable opportunities and to maximize shareholder value. Graphene has been described as the “miracle material” of the 21st Century and is believed to be stronger than steel and more conductive than copper while being flexible, making it plausible as a replacement for silicon, possibly leading to thinner, faster, cheaper, more flexible devices including power sources. Since graphene comes from the carbon atom, it is abundant and cheap. In 2010 the Nobel Prize in Physics was awarded to Andre Geim and Konstantin Novoselov for groundbreaking experiments regarding graphene. The demand for batteries, primarily nickel-metal-hydride and lithium-ion batteries, have caused a growth in graphite demand as it is used to construct anodes in all major battery technologies. This growth is driven by portable electronics, such as laptops, mobile phones, tablets, Smartphone and power tools. Electric vehicle batteries are anticipated to further increase graphite demand. As an example, a lithium-ion battery in a fully electric Nissan Leaf contains nearly 40 kg of graphite.

 

For more information visit the website: www.americangraphitetechnologies.com

 

Notice Regarding Forward-Looking Statements

This press release contains “forward-looking statements”, as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to: the timing and completion of the Phase 1 Exploration work, that such work will include ground prospecting, limited geological mapping of outcrops, and surface sampling, or that the work will help to develop a detailed graphite exploration plan on the property and that such program will be executed in the spring of 2016.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Readers should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

 

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Posted on Wednesday, November 18th, 2015, by admin, under graphene, Graphite, News Releases.

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