SOURCE: USA Graphite Inc.
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.
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.