Canada Carbon Completes an Extensive 3,005 Meters Drilling Program on the Miller Property
January 10 2022 - 6:36PM
Canada Carbon Inc. (the “Company”) (TSX-V: CCB) is
pleased to announce that it has completed an extensive drilling
program on its Miller Graphite Property (“the Miller Project”),
located in Grenville Sur la Rouge, Quebec (“GSLR”). Drilling was
conducted from November 28th, 2021 (see news release dated December
9, 2021) to December 21st, 2021.
The Company completed 3,005m of drilling in 32
holes (see figure 1) varying in depth between 30 and 178 metres.
The meterage makes this program the largest drill campaign
completed to-date on the Miller Property. The drilling was
conducted by Downing Drilling from Calumet in GSLR. SL Exploration
Inc, of Acton Vale provided the geologists and technicians to
complete the program. Core logging and sampling is expected to be
completed in January 2022. Generally, samples are taken at
1.5-meter intervals throughout the core and will be analyzed for
graphitic carbon (Cg) content by an independent laboratory.
Figure 1: 2021 Drill collars
Following assaying, the results will be used to
update the resource statement on the Miller Property and to supply
additional information to the CPTAQ regarding the future placement
of the pits, and their specific impact on the environment. The
information will also be used throughout the permitting stage of
the Miller Project, including the permitting process for the
Ministry of Environment and Fight against Climate Change (MELCC),
the Ministry of Energy and Natural Resources (MERN) and during the
consultation process with the citizens of Grenville-sur-la-Rouge
(GSLR) and the Argenteuil MRC.
Chief Executive Officer, Ellerton Castor, said:
“This is a significant milestone for the Company and we eagerly
await results of the ongoing analysis. We expect that an expanded
resource will enhance the economics of the Miller Deposit,
facilitate our current efforts with certain regulatory bodies and
continue to inform and shape the Company’s commercialization
strategy."
QA/QC
The drilling program was focused on better
defining and connecting the area located between the two high grade
zones of the Project (VN3 area to the west and the VN6 area to the
east). Approximately 10% of samples were inserted in the sampled
assays by the Company. The QC/QC samples includes 2% of blank
samples, 3% of standard samples and 5% of quarter-split duplicate
samples, for a total of 10% QA/QC. Core samples were prepared by
splitting core in half in 1.5m intervals while higher grade
mineralization was sampled separately to better identify its
grade.
Qualified Person
This press release was prepared by Steven Lauzier, P.Geo OGQ, a
qualified person as defined under Nation Instrument 43-101 and he
reviewed and approved the geological information provided in this
news release.
CANADA CARBON INC.Ellerton J. CastorChief
Executive Officer and Director
Contact InformationE-mail inquiries:
info@canadacarbon.comP: (905) 813-8408
“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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