2012-12-21 22:17:59 -
LAS VEGAS, NV -- (Marketwire) -- 12/21/12 -- USA GRAPHITE INC.
(OTCQB: USGT) (or "The Company") is pleased to announce fieldwork exploration plans at its flagship graphite project for Q1 2013.
The Company intends to conduct both a bulk sampling program and detailed mapping study over the entire extent of the graphitic hornfels units at its flagship Blue Wing Mountains graphite project in the first quarter of 2013. The Company believes that metamorphism has not altered the geologic structure of the original sedimentary beds, resulting in major chiastolite occurrences in black, graphite-rich politic pyroxene hornfels. The sampling program and mapping study will further define the scope and size of the tonnage of high quality graphite present at the Blue Wing Mountains graphite project.
The Company plans to use the local office of ALS Chemex in Elko, Nevada to process the bulk samples. The data yielded from these studies will be used to assess and define a trenching exercise followed by an aggressive drilling campaign.
Wayne Yamamoto, the Company's CEO, comments, "We are extremely excited to get to work on our flagship Blue Wing Mountains project. We are committed to bring high quality graphite to commercial USA markets. We will keep our shareholders informed with each step we take forward."
Happy holidays to all of our shareholders.
- Graphite is used in refractories -- used to line high-temperature equipment; pencils; lithium-ion batteries -- used in consumer electronics and electric vehicles, including the Nissan Leaf, Tesla Model S and others; fuel cells; and Pebble Bed nuclear reactors. It is used in foundries, lubricants and brake linings.
- Graphite is also used to produce graphene, a tightly packed single layer of carbon atoms that can be used to make inexpensive solar panels, powerful transistors, and even a wafer-thin tablet that could be the next-generation iPad* or iPod*.
- Graphene, extremely light and strong, has been called the world's next wonder material.
- The closure of graphite mines in China, which produces 75% of the world's graphite, has resulted in a fall in global graphite production to 1.3 million tonnes per annum in 2011. Like rare earths, China is restricting the export of graphite to protect its own domestic industries. The second largest producer is India, followed by Brazil, North Korea, Austria and Canada.
trademarks of Apple Inc.
About USA Graphite:
USA Graphite is a publicly traded US exploration company focused on the acquisition, exploration and development of world-class graphite properties in North America. USA Graphite intends to become a domestic (US) graphite supplier. The USGS has reported that the USA has been a 100% net importer of graphite over the last 5 years, sending billions of dollars out of America. USA Graphite has holdings in Nevada, offering considerable potential for the discovery and development of large flake, high-grade graphite, whereby mineralization is exposed at surface and clearly evident at economic depths. For additional information please visit http://www.usa-graphite.com : www.usa-graphite.com/
"Safe Harbor" Statement:
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Notice Regarding Forward-Looking Statements --This press release includes forward-looking statements that involve a number of risks and uncertainties, including the success of the programs it is commercializing and developing. Further, the risks involve the ability of the Company to raise capital to fund its operations and the capital requirements for the development and marketing of its products. Investors are encouraged to review the risk factors listed or described from time to time in the Company's filings (10K, 10Qs, S-1 and others) with the Securities and Exchange Commission.
USA Graphite Inc.
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