Graphite Corp (PINK:GRPH) Prepares for the Drill Program

Las Vegas, NV -- (SBWIRE) -- 02/15/2013 -- Graphite Corp (PINK:GRPH) has shown its desire to prepare for the drill program at its leased Alabama property. Alabama property comprises graphite and covers area of land is about 3800 acres. For the purpose Graphite Corporation has prepared a team for complete analysis of the land and minerals on it.

Graphite Corp’s team will take about three weeks to complete its survey report and will be preparing more than 1300 samples for laboratory analysis. Graphite Corp is proposing labs for the sample analysis purpose.

Besides designing of the drill program and related work at the site, the team will be also preparing a low level map of the land, identifying the rock type at the site. The theme of the mapping is to support the engineers while making actual drill holes for the extraction of ore.

The share price has dropped almost 10 percent and closed at $0.39. The company highest in last 52 weeks is $0.32 and highest is $0.93.

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