Canada Carbon Receives Authorization for Bulk Sampling of 480 Tonnes on Its Miller Mine Graphite Property
10 Mars 2014 - 1:00PM
Marketwired
Canada Carbon Receives Authorization for Bulk Sampling of 480
Tonnes on Its Miller Mine Graphite Property
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 10, 2014) -
Canada Carbon Inc. (the "Company") (TSX-VENTURE:CCB) is pleased to
announce that it has received permission to collect and ship up to
480 tonnes of graphite-bearing material from its Miller Mine
graphite property in Quebec. According to the authorisation
delivered by the Ministry of Natural Resources of Quebec, up to 480
tonnes of material may be extracted for mineralogical testing as
well as for distribution to potential purchasers. The sample must
be collected between March 15th and September 15th, 2014, and the
results of the treatment must be reported to the Ministry by
September 15th, 2015. The bulk sample was requested to test the
historically mined trench area of the property, along with multiple
veins of graphite mineralization found over the area during field
exploration by the Company. Stockpiles of graphitic material from
historical production have been found in various areas around the
former mine and can also be sent out for the purpose of bulk
sampling. The removal of surface material in the trench will also
help the Company to understand the distribution of graphite pods
and veins along the mineralized corridor it has discovered.
Executive Chairman and CEO Mr. R. Bruce Duncan stated, "We are
very pleased that the Quebec Ministry of Natural Resources has
granted authorization for us to move forward with pilot plant scale
testing of this uniquely high-purity graphite deposit. We are
excited to be able to generate additional data in support of
graphite mining at the Miller Mine, and look forward to reporting
the results to our shareholders and to the Ministry." Mr. Duncan
further stated, "With this bulk sample permit, and surface exposure
of the veins, we can remove the graphitic material using simple
excavating equipment. Once our graphitic material is custom milled
it can be sold, with any excess returns over cost being applied to
fund further exploration and resource definition activities."
The Company is currently in discussions with industry-leading
graphite processors with respect to toll milling of the bulk sample
material and anticipates having 150-250 tonnes of high-purity
graphite concentrate available to ship in the second quarter of
2014.
About the Miller
Graphite Mine
The Miller hydrothermal lump-vein historical graphite mine and
its related claims cover 94.2 square kilometres and is located 80
km west of Montreal in Grenville Township. The Miller mine is a
past graphite producer and was likely the first graphite operation
in Canada. Main roads are 800 metres from the mine and connect to
secondary roads that access most of the property.
Multiple surface sampling programs conducted in 2013 generated
assays of up to 80.1% graphitic carbon (Cg). Hydrometallurgical
purification testing resulted in refining a sample to 100% C, and
repeated grind and flotation prior to the purification process
included a +48 mesh concentrate of 99.1% Cg (100% Ct). The
outstanding pre-purification results demonstrated that Miller
graphite can be processed into a final product without the need for
further treatment. Subsequent testing on the concentrate achieved
99.9978% purity by rapid thermal upgrading methods.
Airborne VTEM surveys generated multiple anomalies that were
followed up by ground EM and prospecting. The last exploration
campaign completed in late 2013 tested the near-surface continuity
of graphite mineralization at the VN1 and VN2 showings. A total of
595.3 metres of drilling was completed and encountered multiple
graphite intersections, as well as graphite mineralization to a
vertical depth of 39.3 metres (See CCB press release dated November
25th 2013). A mineralized zone is believed to be present along the
depth extension of VN2, and additional drilling is planned to
further delineate the extension.
Rémi Charbonneau, Ph.D., P. Geo #290 (an Associate of Inlandsis
Consultants s.e.n.c.) is an Independent Qualified Person under
National Instrument 43-101, and has reviewed and approved the
technical information provided in this news release.
On Behalf of the Board of Directors
CANADA CARBON INC.
R. Bruce
Duncan, CEO and Director
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
FORWARD LOOKING STATEMENTS: This news release
contains "forward-looking information" within the meaning of
Canadian securities legislation, which relates to future events or
future performance and reflect management's current expectations
and assumptions. All information contained herein that is not
clearly historical in nature may constitute forward-looking
information. Such forward-looking statements reflect management's
current beliefs and are based on assumptions made by and
information currently available to the Company. Investors are
cautioned that these forward looking statements are neither
promises nor guarantees, and are subject to risks and uncertainties
that may cause future results to differ materially from those
expected. Such forward-looking statements involve known and unknown
risks and uncertainties, as discussed in the Company's filings with
Canadian securities agencies. Various factors may prevent or delay
Company's plans, including but not limited to, (i) contractor
availability and performance, (ii) weather, (iii) access, (iv)
mineral prices, (v) success and failure of the exploration and
development carried out at various stages of the program, and (vi)
general business, economic, volatile stock price, competitive,
political and social conditions. As a consequence, actual results
may differ materially from results forecast or suggested in these
forward-looking statements and readers should not place undue
reliance on forward-looking statements. These forward-looking
statements are made as of the date hereof and, except as required
under applicable securities legislation, the Company does not
intend, and expressly disclaims any intention or obligation to,
update or revise any forward-looking statements whether as a result
of new information, future events or otherwise. All of the
forward-looking statements made in this press release are qualified
by these cautionary statements and by those made in our filings
with SEDAR in Canada (available at www.sedar.com).
Canada Carbon Inc.(604) 638-0971(604)
638-0973info@canadacarbon.comwww.canadacarbon.com
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