USA Graphite Completes Initial Site Inspections and Sampling Program at Nevada Graphite Properties
October 29 2013 - 07:15AM
Marketwired
USA Graphite Completes Initial Site Inspections and Sampling
Program at Nevada Graphite Properties
LAS VEGAS, NV--(Marketwired - Oct 29, 2013) - USA Graphite Inc.
(OTCQB: USGT) ("USA Graphite"), a publicly traded U.S. exploration
company focused on the acquisition, exploration, and development of
graphite properties in North America, is pleased to announce that
it has completed initial site inspections and sampling at its
Nevada graphite exploration properties.
The initial site inspections conducted by Company geologists at
each of the three Nevada graphite properties resulted in numerous
rock samples collected from various potential graphite bearing
outcrops identified throughout the properties.
"The initial exploration work at our three Nevada properties
appears to be have been successful identifying several high
priority areas that could warrant significant further examination
as possible high grade graphite mineralization," stated Wayne
Yamamoto, President and CEO of USA Graphite. "Following our
analysis of the certified laboratory tests on the rock samples for
graphite and other mineral content, we will be well positioned to
move forward with the next stage of a comprehensive exploration
program on one or more of the targets."
About USA Graphite
USA Graphite is a publicly traded U.S. exploration company
focused on the acquisition, exploration, and development of
graphite properties in North America. USA Graphite intends to
establish itself as a strategic domestic graphite supplier in the
United States. The Company is currently advancing graphite projects
in Nevada, offering what the Company believes to be considerable
potential for the discovery of economic reserves of large flake,
high-grade graphite; Blue Wing Mountains (1,985 acres - Pershing
County), Gordon Creek (200 acres - Elko County), and Ruby Mountains
(785 acres - Elko County). For additional information, please visit
www.usa-graphite.com.
Forward-Looking Statements
Some information in this USA Graphite Inc. press release
constitutes forward-looking statements or statements which may be
deemed or construed to be forward-looking statements including, but
not limited to, the discussion of potential exploration programs,
the establishment of proven resources, and the possible future
economic production of minerals. There is currently no
established economic graphite or other mineral resource outlined on
Company properties. The words "plan", "forecast",
"anticipates", "estimate", "project", "intend", "expect", "should",
"believe", and similar expressions are intended to identify
forward-looking statements. These forward-looking statements
involve, and are subject to known and unknown risks, uncertainties
and other factors which could cause the Company's actual results,
performance (financial or operating) or achievements to differ from
the future results, performance (financial or operating) or
achievements expressed or implied by such forward-looking
statements. The risks, uncertainties and other factors,
including the ability of the Company to raise capital to fund its
operations, are more fully discussed in the Company's filings with
the U.S. Securities and Exchange Commission. All
forward-looking statements attributable to USA Graphite Inc. herein
are expressly qualified in their entirety by the above-mentioned
cautionary statement. USA Graphite Inc. disclaims any
obligation to update forward-looking statements contained in this
press release, except as may be required by law. Investors are
encouraged to review the Company's filings with the Securities and
Exchange Commission at www.sec.gov.
For further investor information please contact: USA Graphite
Investor Relations E-mail: investors@usa-graphite.com USA Graphite
Website: www.usa-graphite.com Toll-free: (877) 565-8881