American Graphite Acquires 100% Interest in Quebec Graphite Prospect
LAS VEGAS, NV -- (Marketwire) -- 03/19/13 -- American Graphite
Technologies Inc. ("AGIN" or the "Company") (OTCBB: AGIN) and
(BERLIN: A8G) (WKN:A1KBDQ/ISIN:US02640K1079) announces that it has
acquired a 100% interest in 100 mineral claims, totaling
approximately 13,343 acres, of prospective graphite claims in the
Province of Quebec, Canada.
LAC NICOLAS GRAPHITE PROPERTY
-- 100% ownership of 100 mineral claims covering approximately 5,400
hectares (13,343 acres) of land in Quebec, Canada. No Royalty or NSR
attached to the property.
-- Located in the vicinity of a world class high grade graphite deposit
(Lac Gueret project) belonging to Mason Graphite Corp.
-- New high grade graphite discoveries announced by Focus Graphite 10
kilometers to the north of Lac Guerete deposit.
-- Geologically the property is underlain by rocks of Granville Province
and Archean basement and is believed to be similar to other graphite
deposit / discoveries in the area.
-- Property is part of the area designated as "Plan Nord" for major
economic, social and environmental development as announced by the
Quebec Government. Quebec is rated as one of the top five mining
jurisdictions in the world.
-- The property is in an underexplored relatively new graphite
exploration area believed to have significant upside potential for new
The property is located approximately 300 kilometers north of the
town of Baie-Comeau in Quebec. It can be accessed by Highway 389 and
a network of gravel roads which are part of Hydro Quebec's Manicougan
dam reservoir. Topography is mainly undulating glacial landforms.
Southern part of the property is underlain by paragneiss, quartzite
and amphibolite geological rock units of Granville Province of
Proterozoic age. The central and northern area is underlain by
Archean age basement rocks mainly grey gneiss with quartz,
plagioclase, biotite and/or hornblende, mafic gneiss with hornblende
and/or biotite. Anorthosite and gabbronorite geological rock units
are exposed to the south outside the property area.
The earliest exploration work in the area was carried out
in the late 1950s to the early 1960s and was mainly focused on
following up magnetic anomalies in the iron formation to find iron
deposits. In 2002, a graphite showing was discovered on a logging
road which led to the development of Lac Gueret graphite deposit by
Quebec Cartier Mining Company which is presently owned by Mason
AGIN CEO Rick Walchuk commented, "This property benefits from
extensive regional exploration work, well-established infrastructure
and which may provide the Company with excellent potential for the
development of mining operations. I am comfortable that this graphite
property acquisition will add to shareholder value once we can
undertake initial exploration and development work on the property."
American Graphite Technologies is seeking to secure North American
graphite mining opportunities along with the commercialization of
graphene specific proprietary technology methods to maximize
For more information visit the website at
About American Graphite Technologies Inc.
Technologies Inc. (OTCBB: AGIN ) is a mineral exploration and
technology development company that is listed on a US Stock Exchange
where the Company's ticker symbol is AGIN and on the Berlin Stock
Exchange under the following symbol: A8G
(WKN:A1KBDQ/ISIN:US02640K1079). By concentrating on securing graphite
mining opportunities and the commercialization of graphene specific
proprietary technology methods, management is seeking to bring
profitable opportunities and 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 over
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. Advances in alternative energy
technologies are driving demand for strategic metals like graphite
that have recently evolved from industrial demands to include high
tech uses as nations focus on encouraging the development of new
domestic markets for clean and efficient energy alternatives, smart
grid infrastructure and military capabilities.
Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995, and within the meaning of
Section 27A of the Securities Act of 1933 and Section 21B of the
Exchange Act of 1934, any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, goals and assumptions of future
events or performance are not statements of historical fact and may
be "forward-looking statements." Forward-looking statements are based
on expectations, estimates and projections at the time the statements
are made that involve a number of risks and uncertainties which could
cause actual results or events to differ materially from those
presently anticipated. Forward-looking statements in this release may
be identified through the use of words such as "expects," "will,"
"anticipates," "estimates," "believes," or statements indicating
certain actions such as "may," "could," or "might" occur. Such
statements reflect the current views of CTI with respect to future
events and are subject to certain assumptions, including those
described in this release. These forward-looking statements involve a
number of risks and uncertainties, including the timely development
and market acceptance of products, services, and technologies,
competitive market conditions, successful integration of
acquisitions, the ability to secure additional sources of financing,
the ability to reduce operating expenses and other factors. The
actual results that the Company achieves may differ materially from
any forward-looking statements due to such risks and uncertainties.
American Graphite Technologies Inc. does not undertake any
responsibility to update the "forward-looking" statements contained
in this news release.
American Graphite Technologies Inc.
For further information call (702) 473-8227
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