Sep 20 2013
CARIBOU KING RESOURCES LTD. has posted the 1.6 kilometer-long geophysical cross-section for its Mulloy graphite project, located ten kilometers west of the Zenyatta Ventures Ltd. Albany graphite project in Ontario.
The cross-section identifies four electromagnetic (EM) conductors along a north-south line that crosses the approximate position of a historical drill hole that encountered high visual graphite over 38.46 meters (see news release, August 15, 2013).
Re-examination of the data indicates that the geophysical cross-section, initially reported to be 325 meters in length (see news release, September 10, 2013), is actually 1,600 meters in length, with the four individual EM lows (conductors) each separated by roughly 300 meters over 900 meters of the survey length.
Michael England, CEO & Director states, “The Mulloy graphite property continues to provide positive indicators as we evaluate our data. The multiple conductors are of significantly greater magnitude than initially realized, and we look forward to completing the entire survey in order to identify targets for drilling later this season.”
The Company has also implemented a Phase 2 program of mapping and sampling at its 100%-owned Calumet property, where lithologies that include graphitic marble were recently identified (see news release, September 18, 2013). The Calumet Graphite prospect is contiguous to Canada Carbon’s (TSX-V: CCB) Miller hydrothermal lump-vein graphite mine, located approximately 96 kilometers west of Montreal.