Caribou Posts 1.6 Kilometer-Long Cross-Section Showing Four EM Conductors at Mulloy Graphite Project, Ontario
September 19, 2013 (Source: Caribou King Resources Ltd.) — CARIBOU KING RESOURCES LTD. (“Caribou” or the “Company”) (TSX-V: CKR) (CB8–FRANKFURT) has posted the 1.6 kilometer-long geophysical cross-section for its Mulloy graphite project, located ten kilometers west of the Zenyatta Ventures Ltd. (TSX-V: ZEN) Albany graphite project in Ontario. The cross-section identifies four electromagnetic (EM) conductors along a north-south line that crosses the approximate position of a historical drill hole that encountered high visual graphite over 38.46 meters (see news release, August 15, 2013).
Re-examination of the data indicates that the geophysical cross-section, initially reported to be 325 meters in length (see news release, September 10, 2013), is actually 1,600 meters in length, with the four individual EM lows (conductors) each separated by roughly 300 meters over 900 meters of the survey length. The individual EM conductors along the geophysical cross-section can be seen on the company website by Clicking Here.
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Michael England, CEO & Director states, “The Mulloy graphite property continues to provide positive indicators as we evaluate our data. The multiple conductors are of significantly greater magnitude than initially realized, and we look forward to completing the entire survey in order to identify targets for drilling later this season.”
The Company has also implemented a Phase 2 program of mapping and sampling at its 100%-owned Calumet property, where lithologies that include graphitic marble were recently identified (see news release, September 18, 2013). The Calumet Graphite prospect is contiguous to Canada Carbon’s (TSX-V: CCB) Miller hydrothermal lump-vein graphite mine, located approximately 96 kilometers west of Montreal.
The technical contents of this release were approved by Dr. Tom E. McCandless, P. Geo., qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Dr. McCandless has not verified the technical data disclosed in this release.
Neither the 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.
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>