Caribou King Discovers Graphitic Marble on Calumet Graphite Property Contiguous to Canada Carbon’s Miller Mine
September 18, 2013 (Source: Marketwired) — CARIBOU KING RESOURCES LTD. (“Caribou” or the “Company”) (TSX VENTURE:CKR) (FRANKFURT:CB8) is pleased to announce the discovery of graphitic marble and sulphidic blocks on the 100% owned Calumet Graphite prospect contiguous to Canada Carbon’s (TSX VENTURE:CCB) Miller hydrothermal lump-vein graphite mine, located approximately 96 kilometers west of Montreal. Graphitic marble and sulphidic blocks are features present on the neighbouring Miller historic graphite mine area, 790 meters to the east, and are related to a hydrothermal graphite vein system. (Readers are cautioned that there is no guarantee that mineralization of the extent that exists at the Miller mine will be identified on the Company’s Calumet project.)
Phase 1 fieldwork at Calumet also discovered graphite outcropping that will be further explored using a beep-mat survey along the contact area to further isolate pegmatite bodies and graphite mineralization. Conclusions from the first phase of exploration include a good geological context and a high potential area for graphite mineralization. Further sampling is now underway on the property as well as: mapping, line cutting, beep-mat surveys and IP geophysical surveys.
Caribou King’s Calumet Project Geologist Steven Lauzier, P. Geo. states, “The graphitic marble block discovered at Calumet shows the high potential of the area and also reveals that more graphite mineralization can be present in the immediate area, probably due to a similar mineralization process as the Miller graphite hydrothermal system. The sulphidic block is also an indicator that hydrothermal processes may have happened in the area.”
Mr. Lauzier recently completed exploration on the historic Miller Graphite Mine, that is being explored by Canada Carbon Inc. (TSX VENTURE:CCB), and adjoins the Calumet project on the east and north sides of the property.
Mr. Lauzier further comments: “The Calumet property shares a similar lithology with the Miller Mine and is highly prospective for the large flake graphite mineralization similar to that at the adjacent Miller Mine. Many areas of particular interest have been marked out and will be further explored.”
Michael England, CEO & Director states, “This is a very active and exciting time for Caribou King as we explore all of our highly prospective graphite properties, several of which are in close proximity to historic and operating graphite mines.”
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The technical contents of this release were approved by Marvin A. Mitchell, P. Eng., qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Mr. Mitchell has not verified the technical data disclosed in this release.
About Caribou King Resources
Caribou King Resources Ltd. (TSX VENTURE:CKR) is a publicly-listed, Canadian junior exploration company that holds a portfolio of highly prospective mineral properties located throughout Canada, including its seven newly-acquired graphite projects. These include: Mulloy and Nezen in Ontario that are near to or adjoin the Zenyatta Ventures Ltd. (TSX-V: ZEN) Albany graphite project; TAC in Quebec with historic drilling including 9.86% Cgf over 46.75 meters; Lac Vert in Quebec with graphite intersections in three historic drillholes; Calumet in Quebec that is contiguous to the Canada Carbon (TSX VENTURE:CCB) Miller hydrothermal lump-vein graphite project; Buckingham that is located 750 meters west of the historic Walker Graphite Mine; St.Aime property that is contiguous with the TIMCAL Graphite Mine, currently Canada’s only producing graphite mine. Caribou is advancing each of these projects through multiple active exploration programs now underway.
On Behalf of the Board of Directors
Michael England, CEO, Caribou King Resources Ltd.
“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).
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>