OAKVILLE, ONTARIO -- (Marketwire) -- 03/21/13 -- Canada Carbon Inc. (the "Company") (TSX VENTURE: CCB) (FRANKFURT: U7N1) is pleased to announce the results from its second sampling program identifying grades as high as 80.1% cg on its Miller Graphite lump/vein property located approximately 80 kilometres west of Montreal.
The Company's geologist, Steven Lauzier, OGQ Geo. Stag., recently carried out a site visit to collect additional composite samples. The team directly assessed the visible graphite deposit and extracted a series of new samples taken directly along and into the vein with a chisel and hammer and went to a depth of approximately 30-50mm. These samples were taken from the same general vein area as the first samples (see February 21st, 2013 release). This time, however, as noted the samples were removed directly from the vein. The purpose of this program was to further confirm the grades encountered within the graphitic zone. Based on subsequent lab analysis conducted by Activation Laboratories (Actlabs) of Ancaster, Ontario immediately after collecting the samples using the IR process (Leco), the results confirmed the presence of a high quality lump/vein graphite deposit.
R. Bruce Duncan, Interim President & CEO of Canada Carbon states: "Lump graphite typically has grades from 50% to 95%, with an average grading in the 65% to 80% range. Grades of this sort are not unusual in deposits such as those mined in Sri Lanka". Mr. Duncan further commented, "High grades such as those assembled this week offer the potential to direct ship product to an upgrade facility with limited primary processing. As the samples were gathered it was clearly evident that the graphite breaks cleanly from the host rock which we believe will make liberation a very simple operation". The sample results are shown below. All samples were chosen on the vein with the exception of sample A43194 that also contained gangue.
---------------------------------------------------------------------------- MILLER GRAPHITE PROPERTY GRAB SAMPLING PROGRAM RESULTS MARCH 2013---------------------------------------------------------------------------- Sample ID Assayed Grade (%Cg)---------------------------------------------------------------------------- A43178 78.4%---------------------------------------------------------------------------- A43179 65.1%---------------------------------------------------------------------------- A43190 79.8%---------------------------------------------------------------------------- A43191 70.6%---------------------------------------------------------------------------- A43192 74.6%---------------------------------------------------------------------------- A43193 80.1%---------------------------------------------------------------------------- A43194 24.5%----------------------------------------------------------------------------
