Canada Carbon Files NI 43-101 Technical Report on the Miller High-Purity Lump/Vein Graphite Project
May 6th, 2014, Vancouver, BC, Canada – Canada Carbon Inc. (the “Company”) (TSX-V: CCB) is pleased to announce that it has Sedar filed a National Instrument 43-101 “(NI 43-101”) report on its 100% owned Miller high-purity hydrothermal lump/vein graphite property located 80 km west of Montreal near Grenville, Quebec.
The 494 page (including appendices) independent technical report entitled, "Technical Report on the Miller Mine Graphite Property, Grenville Township, Quebec, Canada" (the "Technical Report"), dated April 25th, 2014 was prepared for Canada Carbon by Dr. Remi Charbonneau, Ph.D., P. Geo #290, the Company’s geologist and an associate of Inlandsis Consultants from Montreal. The Technical Report is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.canadacarbon.com.
Executive Chairman and CEO Mr. R. Bruce Duncan stated, “Canada Carbon is pleased to provide shareholders with this comprehensive report detailing the exploration programs conducted on the Miller property, as well as a summary of the graphite characterization work reported to date. Now that winter is behind us, our exploration team is ready to embark on another busy season of prospecting activity. Aerial geophysics conducted by Geotech (VTEM Plus) produced at least 40 clusters of electromagnetic (EM) targets on the East Block claims, and a further 46 clusters of EM targets on the West Block. We plan to systematically assess these targets using ground geophysics, surface prospecting and trenching where indicated, followed by a diamond drill program to test the sub-surface extent of any significant graphite exposures identified during this exploration program. Continued exploration activities on previously defined targets will also be carried out, with planned work on the trench area (VN1-VN2), VN3 area, as well as the latest PhiSpy ground geophysical anomalies identified in March 2014.
Canada Carbon has continued to build its land package, and wishes to emphasize that the discoveries detailed in this Technical Report occurred on only a small percentage of the land area, in the vicinity of the historic Miller Mine. With the knowledge and experience gained from the exploration work detailed in this report, we hope to efficiently identify and assess the value of new targets which share the same geological setting and geophysical responses. ”
The key elements of the NI 43-101 compliant Technical Report for the Miller hydrothermal lump/vein graphite property are summarized in the brief points below:
Dr. 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 commented: "Filing the first comprehensive NI 43-101 Technical Report on the Miller Graphite project represents a significant step forward in the evaluation of the full economic potential of the high quality vein-type graphite present on the Miller Mine Property.”
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CANADA CARBON INC.
CEO and Director
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FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. 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. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. 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).