Canada Carbon Announces Initial Graphite Purification Process Testing
April 14, 2014 (Source: Marketwired) — Canada Carbon Inc. (the “Company”) (TSX VENTURE:CCB) is pleased to announce that it has begun the initial purification process testing of the Miller Mine graphite material. The Company has sent approximately 50 kg of graphite material to SGS Minerals Services (Lakefield site) for optimization of their upgrading and purification processes. This work will lead to the design criteria for the flotation pilot plant that is expected to run during the 2nd quarter of 2014. Optimized market samples will also be produced to further develop business relations with potential buyers.
The Company’s objective is to test out various treatment and purification methods that will enable a small scale mining operation that can produce high quality concentrate for high end applications.
Stephen Mackie, Ph. D., Manager, Hydrometallurgical Group, SGS (Lakefield) states, “Preliminary results indicated that the Canada Carbon graphite concentrate responded well to our standard upgrading process, where a high purity graphite sample (>99%) is produced by the first purification step and further upgrading is realized after the final stage.”
Executive Chairman and CEO Mr. R. Bruce Duncan stated, “We are very pleased that the Quebec Ministry 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 applicable government agencies.”
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.
On Behalf of the Board of Directors
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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 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).
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