National Graphite Intends to Drill Chedic Graphite Property
LAS VEGAS, March 5, 2013 /PRNewswire/ -- National Graphite Corp. (OTCQB: NGRC) is pleased to announce that the Company has submitted an "Intent to Operate" plan with the Humbolt-Toiyabe National Forestry Service, Elko District Office to drill five holes within the Chedic Voltaire lode claim block. The Company's Independent Geologist, Hunsaker, Inc., while on-site, observed visible graphite veins on the surface. The reverse circulation drill holes will intersect the graphite mineralized structure 500 feet below the surface and determine the width and grade of the graphite mineralization. The Company expects to have permission to drill within 15 working days.
The drill program will be conducted by an "Independent Qualified Person" who will generate a 43-101 report based on the results of the assays.
National Graphite Corp. currently holds the rights to the Chedic Voltaire, past producing, graphite mine in NW Nevada near Carson City.
NGRC plans advancing the project through the exploration and development stages.
About National Graphite Corp.
National Graphite Corp. is an American based graphite development company focused on bringing the Chedic Graphite Mine back into commercial production to supply the fast growing graphite mineral market. The mineral is used in the manufacture of Lithium-ion batteries and is considered critical to U.S. industry sectors like Consumer Electronics, Green Technology and Alternative Energy. National Graphite is committed to long-term sustainable graphite production within North American.
Contact: Kenneth B Liebscher - CEO@nationalgraphitecorp.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. A complete "SAFE HARBOR: Disclosure" is listed on the Company's Website NationalGraphiteCorp.com under "News".
SOURCE National Graphite Corp.