Caribou Receives Drill Permits for Mulloy Graphite Property 10 Kilometers West of Zenyatta's Albany Discovery
2014年1月29日 - 3:34AM
Marketwired
Caribou Receives Drill Permits for Mulloy Graphite Property 10
Kilometers West of Zenyatta's Albany Discovery
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 28, 2014) -
CARIBOU KING RESOURCES LTD. ("Caribou" or the "Company")
(TSX-VENTURE:CKR)(FRANKFURT:CB8) is pleased to announce the
Company has now received drill permits to test seven new
electromagnetic (EM) conductors and confirm a historic graphite
drill hole by Shell Canada Resources Ltd. that encountered 90%
visual graphite over 38.46 meters on its Mulloy graphite project
(see news release, August 15, 2013). The 100%-owned Mulloy
graphite project is located ten kilometers west of the Zenyatta
Ventures Albany graphite project in Ontario. Earlier this week the
Company announced that it signed an exploration agreement with the
Constance Lake First Nations to continue exploration at Mulloy and
anticipates that 2014 drilling will begin shortly.
Mulloy Project
Map: http://caribouking.com/wpsite/graphite/mulloy/
Michael England, CEO and Director states, "Our recent fieldwork
has established a broad corridor with multiple EM conductors at
Mulloy. When you combine that with the historic graphite discovery
by Shell Canada and recent discoveries in the area by Zenyatta, we
feel there is considerable potential for Caribou to make a drill
discovery at Mulloy. Caribou King is actively exploring all of our
highly prospective graphite properties, several of which are in
close proximity to historic and operating graphite mines."
As reported previously, a horizontal loop electromagnetic (HLEM)
survey identified several EM conductors on the Mulloy property,
including three with a strike length over 700 meters, with the
fourth striking over 600 meters in length, and all conductors
remain open along strike (see news release, December 17,
2013). Upcoming drilling will focus on the conductors that
correspond in part with magnetic lows, which together are believed
to indicate graphite mineralization. Additionally, drilling will
test a historic graphite discovery hole by Shell Canada Resources
Ltd. that encountered 90% visual graphite in a total of 38.46
meters (Ontario Ministry of Northern Development and Mines,
Report 42F15NE8019). An estimate of true thickness cannot be
determined from the historic drilling, and the graphite content is
a visual historical estimate and should not be relied upon without
lab assay confirmation.
The technical contents of this release were approved by Dr. Tom
E. McCandless, P. Geo., technical advisor to Caribou and a
qualified person as defined by National Instrument 43-101. The
property has not been the subject of a National Instrument 43-101
report, and Dr. McCandless has not verified the technical data
disclosed in this release.
ON BEHALF OF THE BOARD
Michael England, CEO, Caribou King Resources Ltd.
Forward-Looking Statement:
Some of the statements in this news release contain
forward-looking information that involves inherent risk and
uncertainty affecting the business of Caribou King Resources Ltd.
Actual results may differ materially from those currently
anticipated in such statements. Neither the 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.
Caribou King Resources Ltd.Michael EnglandCEO1-604-683-3995 or
Toll Free: 1-888-945-47701-604-683-3988
Caribou King Resources Ltd. (TSXV:CKR)
過去 株価チャート
から 8 2024 まで 9 2024
Caribou King Resources Ltd. (TSXV:CKR)
過去 株価チャート
から 9 2023 まで 9 2024