Welcome!

News Feed Item

Canada Carbon Files NI 43-101 Technical Report on the Miller High-Purity Lump/Vein Graphite Project

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/06/14 -- Canada Carbon Inc. (the "Company") (TSX VENTURE:CCB) is pleased to announce that it has Sedar filed a National Instrument 43-101 "(NI 43-101") report on its 100% owned Miller high-purity hydrothermal lump/vein graphite property located 80 km west of Montreal near Grenville, Quebec.

The 494 page (including appendices) independent technical report entitled, "Technical Report on the Miller Mine Graphite Property, Grenville Township, Quebec, Canada" (the "Technical Report"), dated April 25th, 2014 was prepared for Canada Carbon by Dr. Remi Charbonneau, Ph.D., P. Geo #290, the Company's geologist and an associate of Inlandsis Consultants from Montreal. The Technical Report is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.canadacarbon.com.

Executive Chairman and CEO Mr. R. Bruce Duncan stated, "Canada Carbon is pleased to provide shareholders with this comprehensive report detailing the exploration programs conducted on the Miller property, as well as a summary of the graphite characterization work reported to date. Now that winter is behind us, our exploration team is ready to embark on another busy season of prospecting activity. Aerial geophysics conducted by Geotech (VTEM Plus) produced at least 40 clusters of electromagnetic (EM) targets on the East Block claims, and a further 46 clusters of EM targets on the West Block. We plan to systematically assess these targets using ground geophysics, surface prospecting and trenching where indicated, followed by a diamond drill program to test the sub-surface extent of any significant graphite exposures identified during this exploration program. Continued exploration activities on previously defined targets will also be carried out, with planned work on the trench area (VN1-VN2), VN3 area, as well as the latest PhiSpy ground geophysical anomalies identified in March 2014.

Canada Carbon has continued to build its land package, and wishes to emphasize that the discoveries detailed in this Technical Report occurred on only a small percentage of the land area, in the vicinity of the historic Miller Mine. With the knowledge and experience gained from the exploration work detailed in this report, we hope to efficiently identify and assess the value of new targets which share the same geological setting and geophysical responses. "

Report Summary:

The key elements of the NI 43-101 compliant Technical Report for the Miller hydrothermal lump/vein graphite property are summarized in the brief points below:

1.  The initial period of exploitation in 1845-1846 may well have been the
    first graphite operation in Canada. Following a 25-year period of
    inactivity, the site was worked again for a short period of time around
    1870 as the Miller mine and was taken over in 1889 by Messrs. Rae & Co.
    without extensive work. The most important episode of mining apparently
    occurred from 1899 to 1900 by Keystone Graphite Co.: "The lots sent
    contain an average of from 35 to 55 per cent of pure graphite and it is
    paid for according to the grade. Since the company has been working,
    about 25 carloads have been shipped; from 16 to 22 men have been
    employed throughout the year. The work consists of a cutting about
    thirty feet deep joining the main deposit where, it is stated, a
    thickness of 2 1/2 feet of solid graphite have been found at times."

2.  The Miller Mine Property includes 81 claims (47.38 km2) registered to
    Canada Carbon, another eight (8) claims (4.8km2) to be transferred from
    a company with an adjacent property, and 95 pending claims (57.57 km2).
    The property is located in the Grenville, Grenville Augmentation and
    Harrington townships in the Outaouais Region of southern Quebec, about
    80 km west of Montreal.

3.  Since March 2013, Canada Carbon has discovered many occurrences of
    graphite mineralization over a small area in the vicinity of the past-
    producing Miller mine. The mineralization occurs as two main plurimetric
    graphite veins (VN2 and VN3), many graphite veins of smaller size, and
    numerous plurimetric graphite-wollastonite pods. The veins are mostly
    oriented N-S, similar to the trend of the former mine pit. The veins
    contain 40% to 80% Cg whereas the pods generally grade around 10-15% Cg.
    The main mineralization of interest on the Miller Property is
    categorized as granulite-hosted lump vein-style mineralization and is
    therefore particularly well suited for high-tech applications due to its
    high purity potential. Processing of the graphite vein material yielded
    an ultra-pure product, achieving results of up to 100% Cg. The possible
    use of the graphite in nuclear applications was also evaluated by
    verifying the Equivalent Boron Content of the impurities in a
    concentrate, which surpassed purity requirements. Raman spectroscopy
    studies demonstrated a high degree of crystallinity for vein graphite
    from the Miller mine. 

4.  Authorization was granted by the Ministry of Natural Resources of Quebec
    to extract a bulk sample of up to 480 tonnes (metric tons) of material
    from the surface showings and piles of blocks. The Company has excavated
    a series of trenches along a contact between marble and paragneiss. The
    contact zone is mineralized with graphite veins and graphite-
    wollastonite pods. Pegmatite intrusions are also present along the
    contact. The mineralized contact zone can be followed at surface for
    over 50 m from the southern end of the trench. It is folded towards the
    east; at depth, the mineralized contact (graphite-wollastonite) was
    encountered at a vertical distance of 39.3 m below the VN2 showing. An
    airborne VTEM survey detected many anomalies of significant size on both
    claim blocks belonging to the Company. Ground geophysics also detected
    large local anomalies associated with graphite vein systems.

5.  To detect additional large conductors, the authors recommend systematic
    IP surveying over the known VTEM anomalies and local PhiSpy surveys over
    anomalous areas in order to generate high-quality targets for
    prospecting, trenching and drilling. An IP survey and trenching program
    should be carried out in the trench area to extend known mineralization
    laterally and at depth. 

Dr. Charbonneau, Ph.D., P. Geo #290 (an Associate of Inlandsis Consultants s.e.n.c.) is an Independent Qualified Person under National Instrument 43-101, and has reviewed and approved the technical information provided in this news release commented: "Filing the first comprehensive NI 43-101 Technical Report on the Miller Graphite project represents a significant step forward in the evaluation of the full economic potential of the high quality vein-type graphite present on the Miller Mine Property."

On Behalf of the Board of Directors

CANADA CARBON INC.

R. Bruce Duncan, CEO and Director

"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).

Contacts:
Canada Carbon Inc.
(604) 638-0971
(604) 638-0973 (FAX)
[email protected]
www.canadacarbon.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software with the simplicity and reach of the open web. With staff in 10 timezones, Isomorphic provides a global network of services related to our technology, with offerings ranging from turnkey application development to SLA-backed enterprise support. Leadin...
While a hybrid cloud can ease that transition, designing and deploy that hybrid cloud still offers challenges for organizations concerned about lack of available cloud skillsets within their organization. Managed service providers offer a unique opportunity to fill those gaps and get organizations of all sizes on a hybrid cloud that meets their comfort level, while delivering enhanced benefits for cost, efficiency, agility, mobility, and elasticity.
DevOps has long focused on reinventing the SDLC (e.g. with CI/CD, ARA, pipeline automation etc.), while reinvention of IT Ops has lagged. However, new approaches like Site Reliability Engineering, Observability, Containerization, Operations Analytics, and ML/AI are driving a resurgence of IT Ops. In this session our expert panel will focus on how these new ideas are [putting the Ops back in DevOps orbringing modern IT Ops to DevOps].
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Concerns about security, downtime and latency, budgets, and general unfamiliarity with cloud technologies continue to create hesitation for many organizations that truly need to be developing a cloud strategy. Hybrid cloud solutions are helping to elevate those concerns by enabling the combination or orchestration of two or more platforms, including on-premise infrastructure, private clouds and/or third-party, public cloud services. This gives organizations more comfort to begin their digital tr...
Most organizations are awash today in data and IT systems, yet they're still struggling mightily to use these invaluable assets to meet the rising demand for new digital solutions and customer experiences that drive innovation and growth. What's lacking are potent and effective ways to rapidly combine together on-premises IT and the numerous commercial clouds that the average organization has in place today into effective new business solutions.
Keeping an application running at scale can be a daunting task. When do you need to add more capacity? Larger databases? Additional servers? These questions get harder as the complexity of your application grows. Microservice based architectures and cloud-based dynamic infrastructures are technologies that help you keep your application running with high availability, even during times of extreme scaling. But real cloud success, at scale, requires much more than a basic lift-and-shift migrati...
David Friend is the co-founder and CEO of Wasabi, the hot cloud storage company that delivers fast, low-cost, and reliable cloud storage. Prior to Wasabi, David co-founded Carbonite, one of the world's leading cloud backup companies. A successful tech entrepreneur for more than 30 years, David got his start at ARP Instruments, a manufacturer of synthesizers for rock bands, where he worked with leading musicians of the day like Stevie Wonder, Pete Townsend of The Who, and Led Zeppelin. David has ...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Addteq is a leader in providing business solutions to Enterprise clients. Addteq has been in the business for more than 10 years. Through the use of DevOps automation, Addteq strives on creating innovative solutions to solve business processes. Clients depend on Addteq to modernize the software delivery process by providing Atlassian solutions, create custom add-ons, conduct training, offer hosting, perform DevOps services, and provide overall support services.
Contino is a global technical consultancy that helps highly-regulated enterprises transform faster, modernizing their way of working through DevOps and cloud computing. They focus on building capability and assisting our clients to in-source strategic technology capability so they get to market quickly and build their own innovation engine.
When applications are hosted on servers, they produce immense quantities of logging data. Quality engineers should verify that apps are producing log data that is existent, correct, consumable, and complete. Otherwise, apps in production are not easily monitored, have issues that are difficult to detect, and cannot be corrected quickly. Tom Chavez presents the four steps that quality engineers should include in every test plan for apps that produce log output or other machine data. Learn the ste...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...