Mississauga, ON, Canada, Jan 10, 2022 (GLOBE NEWSWIRE) – Canada Carbon (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”). The drilling was carried out from November 28, 2021 (see the press release of December 9, 2021) to December 21, 2021.
The Company has completed 3,005m of drilling in 32 holes (see Figure 1) varying in depth between 30 and 178 meters. The footage makes this program the largest drilling campaign to date on the Miller property. Drilling was carried out by Downing Drilling of Calumet in the GSLR area. SL Exploration Inc., Acton Vale, provided the geologists and technicians to carry out the program. Drill core cutting and sampling is expected to be completed in January 2022. Typically, samples are taken at 1.5 meter intervals throughout the ore core and will be analyzed for graphitic carbon content ( Cg) by an independent laboratory.
Figure 1: 2021 Drill collars
After the analysis, the results will be used to update the Miller property’s resource statement and to provide additional information to the CPTAQ regarding the future location of the pits and their specific impact on the environment. The information will also be used throughout the authorization stage of the Miller project, including the authorization process for the Ministry of the Environment and 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 MRC d’Argenteuil.
Managing Director and Director Ellerton Castor said: “This is an important milestone for the company and we look forward to the results of the ongoing analysis. We expect an expanded resource to improve the economics of the Miller deposit, facilitate our current efforts with certain regulatory bodies, and continue to inform and shape the Company’s marketing strategy. “
QA / QC
The drilling program focused on better definition and better connection of the zone located between the two high-grade zones of the project (VN3 zone to the west and VN6 zone to the east). About 10% of the samples were inserted into the analyzes by the company. QC / QC samples consist of 2% blank samples, 3% standard samples, and 5% duplicate samples divided into quarters, for a total of 10% QC / QC. The drill core samples were prepared by dividing the ore core in half at 1.5m intervals, while the high 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 by NI 43-101 and he has reviewed and approved the geological information provided in this press release.
CANADA CARBON
Ellerton J. Castor
Managing Director and Administrator
Contact details
Information by email: [email protected]
T: (905) 813-8408
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FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements, which relate to future events or future performance and which reflect the current expectations and assumptions of management. These forward-looking statements reflect the current beliefs of management and are based on assumptions made by the company and on information currently available to it. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and that they are subject to risks and uncertainties which may cause future results to differ materially from those anticipated. These forward-looking statements are made as of the date of this document and, except as required by applicable securities legislation, the company assumes no obligation to update or revise them to take into account new events or new circumstances. All forward-looking statements contained in this press release are qualified by these warnings and those contained in the documents we have filed on SEDAR in Canada (available at www.sedar.com).
