May 6th, 2015, Vancouver, BC, Canada – Canada Carbon (the “Company”) (CCB:TSX-V) (BRUZF:OTC) (U7N1:FF) is pleased to announce that the Company obtained unanimous support from the municipality of Notre-Dame-Du-Laus during the 5th of May council session. The Municipality has now officially approved Canada Carbon’s intention to proceed with the redevelopment of the mill complex on the Asbury site. This support will now make Canada Carbon eligible to apply for economic development grants offered by the Province of Quebec that could be used towards refurbishing the mill site to allow crushers, flotation cells, tailing ponds, and furnaces.
The Ministère du Développement Durable, Environnement et Lutte Contre les Changements Climatiques du Quebec (“MDDELC”) is responsible for the permitting of any projects that could result in the creation of environmental contaminants. Geostar Inc., located in Brownsburg-Chatham PQ, has been retained to obtain all existing environmental information about the Asbury Mill Complex, and will then obtain any additional geotechnical, geological, and environmental data necessary to obtain the Certificate of Authorization to operate a graphite mill complex at Asbury.
Multiple studies must be completed in order to obtain a Certificate of Authorization from the MDDELC. These include studies of fauna, flora, hydrogeology, hydrology, watershed, climate, noise, ore and tailings chemistry, process flow sheets, and mill equipment specifications. Environmental assessments done for the historic Asbury Mill permitting and closure plans are available at the MDDELC, and at the Municipality of Notre-Dame-du-Laus. These historic assessments should significantly reduce the work required to meet the current permitting requirements. No mineral resource estimate or mining study has been completed on the property to demonstrate the technical feasibility or economic viability of the project.
The Company would also like to announce that complete results of the assay program reported January 13th, 2015 are not yet available. Although the results of the reported assay program are still incomplete, the graphite assays received to date have demonstrated that expanded sections of drill core from last fall’s drill programs required sampling and assaying, in order to ensure that the graphite mineralized zones will be precisely defined for resource estimation purposes. As soon as these additional assay results are obtained, the complete drill results will be reported.
During 2015, the Company has completed two drill campaigns; totaling 1668.50 metres in 27 holes, to both define the marble units for resource estimation purposes, and to expand the graphite mineralized zones, which remain open on strike and to depth. Drilling operations are currently suspended because of ground conditions during the spring thaw, but they are expected to resume in about two weeks, with hundreds of metres of additional drilling planned on the northwest extension of the VN6 graphite zone, coincident with a 700m induced polarization (“IP”) conductive anomaly reported last year (see press release dated October 23rd, 2014).
Additional IP geophysical surveys are currently underway on both the East and West Blocks. The Company will report the results of those surveys after modeling and interpretation of the data are completed. Additional exploration drill campaigns will immediately follow if warranted by these results.
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.
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).