VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/25/13 -- Canada Carbon Inc. (the "Company") (TSX VENTURE: CCB), (FRANKFURT: U7N1) is pleased to announce the Company has completed planning and will begin the Phase I exploration program on its 100% owned historical Miller Graphite Mine located 70 km west of Montreal near Grenville, Quebec.
Miller Graphite Mine Map: http://www.canadacarbon.com/rs/miller-graphite-project/
"We have now moved to the next steps needed as we start to pursue the high grade graphite on our 100% owned formerly producing lump/vein Miller Graphite Mine," commented R. Bruce Duncan, Interim President and CEO of Canada Carbon. "We are encouraged by our recent sample results showing up to 80.1% Cg and believe that the upcoming exploration on Miller will demonstrate the potential to be the only known Sri Lanka type lump vein deposit in North America."
Phase 1 Exploration
The Phase I program will consist of a geological mapping of the Miller Graphite Mine pit along with a geophysical survey of the surroundings for the detection of other veins.
The last sampling program observed one vein within a rock wall that sampled up to 80.1% graphitic carbon and this upcoming program will allow the Company to view the rock wall of the pit area that wasn't visible during the last reconnaissance campaign due to snow presence. Historic data revealed that 5 graphitic veins, ranging from 10 to 60 centimeters in width, were mined on the Miller Graphite property. The mapping will focus on finding the extensions of those veins along the structural wall and on the surface of the mine pit and will enable the Company to conduct grab sampling and channel sampling by using a rock saw. The samples will be sent to Activation Laboratories (Actlab) in Ancaster, Ontario for graphitic carbon analysis. The geological context and structure of the mineralization will also be studied to determine future exploration targets in similar geological context or direct extension.
The geophysical survey, comprising MaxMin electromagnetics ("EM") is expected to cover 6.5 km of survey line over a total 0.3 square kilometer area surrounding the Miller Graphite Mine pit in the direction of the known vein's south and north extension. EM readings will be done at 12.5 metre intervals on 50 metres spaced lines. The purpose of the EM survey is to determine the location, depth and width of the graphite veins and zones. The Company hopes to find anomalous EM responses in the direct south and north extension of the mine pit that could be related to the past mined graphite veins system thereby enabling the Company to determine the size of the Miller Graphite Mine vein system close to surface. A new experimental technique will also be used to take constant EM readings which should help in finding mineralization close to surface (in the first 25 metres deep). The geophysical results will also help detect the location and extension at depth of any other graphite veins present in the area. Results from Phase I will be used to organize a Phase II drill program that will test the most favorable exploration targets.
Qualified Person: Remi Charbonneau, Ph.D., P. Geo #290 an Associate of Inlandsis Consultants s.e.n.c., is the Independent Qualified Person under National Instrument 43-101. Remi has reviewed and approved this release and was involved in the preparation of the technical information.
About Miller Graphite Mine
The Miller Graphite Mine, located in Grenville Township is a past graphite and mica producer with unknown graphite reserves remaining. This mine was worked around 1845 and was probably the first graphite operation in Canada. The quantity of produced graphite is unknown but it is reported that 25 cars of lump graphite were shipped from this deposit in the year 1900 and sent to the Globe Refining Company of Jersey City, N.J. This yielded thirty-two tons of clean crucible graphite. The Morgan Crucible Company of London and also J.H. Gauthier and Company, Jersey City, used some of this graphite in their crucibles and pronounced it equal to the best graphite known to come from Ceylon (now Sri Lanka). The property covers 13.2 km2 of land and is located 70 km west of Montreal. A main road, located approximately 800 metres from the deposit, is connected by a bush road to the deposit allowing very easy access. A power line also crosses the property 500 metres south of the deposit. There is no certainty that further exploration will result in the development of similar deposits.
On Behalf of the Board of Directors
CANADA CARBON INC.
"R. Bruce Duncan", Interim CEO and Director
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).
"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."
Canada Carbon Inc.
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