Suite 605 –1166 Alberni Street
Vancouver, BC, V6E 3Z3 P: (604) 638-0971 F: (604) 638-0973 Email: [email protected] Web: www.canadacarbon.com INITIAL TRENCHING RESULTS DISCOVER GRAPHITE VEIN EXCEEDING ONE METRE WIDTH OVER 7.9 METRES IN LENGTH AND TOTAL LENGTH OF 12.8 METRES ON MILLER GRAPHITE PROPERTY
July 25th , 2013, Vancouver, BC, Canada – Canada Carbon Inc. (the “Company”) (TSX-V: CCB) is pleased to announce the discovery of a new graphite occurre nce resulting from trenching on one of the geophysi cal EM anomalies reported earlier (June 27th, 2013 press release).
This new occurrence is described as an irregular ve in of semi massive coarse graphite. The graphite v ein is exposed along a 12.8 metres (m) (41.98 feet) strike length, having a NW-SE (148°) orientation and sub vertical dip. From SE to NW the vein varies in width between 1 m and 1.7 m for up to 7.9 m (26 feet). Within that length, the vein maintains a 1.6 m thickness over 2.5 m. To ward the NW, the vein continues beneath a more comp etent zone in the host rocks for a length of 1.2m. The v ein re-appears on the other side of the competent r ock and reaches a thickness ranging from 10 cm to 1 m (3.9 inches to 3.28 feet) over a strike length of 3.7 m. Other graphite veins of smaller size can be observed on b oth sides of the main vein, on available exposures. Finer grained graphite can be locally observed within the surrounding carbonate host rocks. The new occurre nce is exposed below 1 to 3 m of glacial till. Additional trenching could extend the new occurrence towards the northwest and southeast.
Semi massive coarse grained graphite occurs within a pegmatitic skarn-mineral envelope, including large crystals of white feldspar, diopside and wollastonite. Local geology consists of a complex intermixing of bande d paragneiss and medium-grained carbonate rock (histo rically referred to as a marble unit), where contor ted fragments of gneiss appear to float within an equig ranular carbonate matrix. Preliminary observations on coarse graphite occurrence at Miller suggest crystallization from hydrothermal (pneumatolitic) fluid late in the pegmatitic event. The relationship between the pegmatite and t he carbonate-rich country rock and the graphite vei ns remains to be fully understood. A detailed mapping of the t renches is currently underway and will allow a bett er understanding of the mineralization process which will help in defining the vein system at surface.
R. Bruce Duncan, Interim CEO & Director of Canada C arbon stated, “This quick technical success proves the usefulness of EM geophysics in locating new occurre nces of graphite at Miller. We expect that the res ults from the now completed airborne VTEM survey (survey resu lts pending) will be able to detect any large-scale nearsurface occurrences of graphite similar to the disc overy disclosed in this release and the historical mined veins at the Miller mine pit. Geophysical targets identifie d through VTEM anomalies will be confirmed by trenc hing and/or short drilling.” Mr. Duncan further states, “The continued success of our geological team and development of new discoveries highlights the potential of the Company’s 100% owned Miller hydrothermal lump/vein graphite property.”
A carbon sciences company
The 100% owned Miller Graphite property covers
Main roads connect up to 800 m away from the deposit and travel all around the p roperty. A power line also crosses the property 500 m south of the deposit, an d a bush road goes directly to the deposit, which a llows for very easy access.
Rémi Charbonneau, Ph.D., P. Geo #290 (an Associate of Inlandsis Consultants s.e.n.c.) is an Independen t Qualified Person under National Instrument 43 prepared an initial version of this press release.
About Miller Graphite Mine
The Miller Graphite Mine, located in Grenville Town ship unknown graphite reserves remaining. This mine was worked around 1845 and was probably the first graph ite operation in Canada. The quantity of produced graph ite is unknown but it is reported that 25 graphite were shipped from this deposit in the year 1900 and sent to the Globe Refining Company of Jer sey City, N.J. This yielded thirty- two tons of clean crucible graphite. The Morgan Cru cible Company of London and also J.H. Gauthier and Company, Jers ey City, used some of this graphite in their crucib les and pronounced it equal to the best graphite known to come from Ceylon (now Sr i located 8 0 km west of Montreal. A main road, located approxi mately 80 by a gravel road to the deposit allowing very easy access. A power line also crosses the property 500 metres south of the deposit. There is no certainty that further exploration will result in the development of simi
On Behalf of the Board of Directors
CANADA CARBON INC.
“R. Bruce Duncan” Interim CEO and Director
Contact Information
E-mail inquiries: [email protected]
P: (604) 638-0971
“Neither TSX Venture Exchange nor its Regulation Services Provid er (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 performance and reflect management’s current expect ations and assumptions.
current beliefs and are based on assumptions made by and information currently avail able to the Company. Investors are cautioned that these forward looking statements are neither promis es nor guarantees, and are subject to risks and unc ertainties that may cau results to differ m aterially from those expected. These forward Graphite property covers 15.3 kilometres (km) 2 and is located 8 0 km west of Montreal. m away from the deposit and travel all around the p roperty. A power line also crosses the property 500 m south of the deposit, an d a bush road goes directly to the deposit, which a llows for Rémi Charbonneau, Ph.D., P. Geo #290 (an Associate of Inlandsis Consultants s.e.n.c.) is an Independen t Qualified Person under National Instrument 43 -101, performed a field description of the new occurrence and this press release.
The Miller Graphite Mine, located in Grenville Town ship in Quebec is a past graphite and mica producer with unknown graphite reserves remaining. This mine was worked around 1845 and was probably the first graph ite operation in Canada. The quantity of produced graph ite is unknown but it is reported that 25 graphite were shipped from this deposit in the year 1900 and sent to the Globe Refining Company of Jer sey City, two tons of clean crucible graphite. The Morgan Cru cible Company of London and also ey City, used some of this graphite in their crucib les and pronounced it equal to the best graphite known to come from Ceylon (now Sr i Lanka). The property covers 15.3 0 km west of Montreal. A main road, located approxi mately 80 0 metres from the deposit, is connected road to the deposit allowing very easy access. A power line also crosses the property 500 metres south There is no certainty that further exploration will result in the development of simi
[email protected] Venture Exchange nor its Regulation Services Provid er (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
This news release contains forward -looking statements, which relate to future events o r future performance and reflect management’s current expect ations and assumptions. Such forward- looking statements reflect management’s assumptions made by and information currently avail able to the Company. Investors are cautioned that these forward looking statements are neither promis es nor guarantees, and are subject to risks and unc ertainties that may cau aterially from those expected. These forward -looking statements are made as of the date hereof a nd, except as required 0 km west of Montreal.
m away from the deposit and travel all around the p roperty. A power line also crosses the property 500 m south of the deposit, an d a bush road goes directly to the deposit, which a llows for Rémi Charbonneau, Ph.D., P. Geo #290 (an Associate of Inlandsis Consultants s.e.n.c.) is an Independen t field description of the new occurrence and is a past graphite and mica producer with unknown graphite reserves remaining. This mine was worked around 1845 and was probably the first graph ite operation in Canada. The quantity of produced graph ite is unknown but it is reported that 25 rail cars of lump graphite were shipped from this deposit in the year 1900 and sent to the Globe Refining Company of Jer sey City, two tons of clean crucible graphite. The Morgan Cru cible Company of London and also ey City, used some of this graphite in their crucib les and pronounced it equal to Lanka). The property covers 15.3 km 2 of land and is 0 metres from the deposit, is connected road to the deposit allowing very easy access. A power line also crosses the property 500 metres south There is no certainty that further exploration will result in the development of simi lar deposits.
Venture Exchange nor its Regulation Services Provid er (as that term is defined in the policies of the TSX Venture Exchange) looking statements, which relate to future events o r future looking statements reflect management’s assumptions made by and information currently avail able to the Company. Investors are cautioned that these forward looking statements are neither promis es nor guarantees, and are subject to risks and unc ertainties that may cau se future looking statements are made as of the date hereof a nd, except as required
under applicable securities legislation, the Compan y does not assume any obligation to update or revis e them to reflect new events or circumstances. All of the forward-looking statement s 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 ).