Suite 605 –1166 Alberni Street
Vancouver, BC, V6E 3Z3 P: (604) 638-0971 F: (604) 638-0973 Email: [email protected] Web: www.canadacarbon.com VTEM SURVEY IDENTIFIES 300 METRE LONG ELECTROMAGNET IC ANOMALY ON MILLER HYDROTHERMAL LUMP/VEIN GRAPHITE PROPERTY September 12th, 2013, Vancouver, BC, Canada – Canad a Carbon Inc. (the “Company”) (TSX-V: CCB) is pleased to announce that preliminary VTEM airborne survey results from Geotech Ltd. (Aurora, ON), have identified multiple anomalies over the 20.7 square kilometre Miller hydrothermal lump/vein graphite property. Of greatest significance is a large anomaly that exten ds from the previously announced (VN1) graphite vei n discovery for 285 meters (m) to the southeast and 1 5 m to the northwest. This large anomaly, located w ithin the eastern claim block, is elongated towards the east and also correlates with a magnetic gradient. This can be explained by the main source of the anomaly dipping east or by the presence of other smaller anomalies on the east flank. The VN1 discovery is located on the ea stern flank of the anomaly and this area is now bei ng surveyed by beep-mat combined with trenching. To date, 40 m of the anomaly’s 300 m length has been trenched by working on the vein discoveries. The main anomaly is still being explored; however geophysical modeli ng should give the location and depth of its source.
R. Bruce Duncan, CEO & Director of Canada Carbon st ated, “The fact that our largest and strongest electromagnetic anomaly leads right to our active t renching at the VN1 vein system is very exciting. I t points to significant upside for further expansion of the VN1 vein system, as well as for additional discoveries as we look for the source of the 300 meter anomaly. In additio n, other anomalies revealed through the survey show enough size to further justify exploration over each of th em. The Company is very pleased with the high-prec ision and high- quality data collected to date which will all ow us to focus on the most promising targets for ad ditional graphite vein discoveries.”
Geotech is expected to produce the final data maps, along with the selection of high priority anomalies which will allow us to choose specific targets to model within the next 4 weeks. The Company’s technical team fo und three additional anomalies in the immediate vicinity of t he VN1 anomaly, for a total of four anomalies, whic h are completely or partly on land where a surface access agreement has been obtained ( see news release, September 5th ) and so are the subject of exploration at this moment. Two are located 360 m and 680 m to the southeast of the trenching area and are 240 m and 80 m long, respect ively. Many old exploration pits with graphite blo cks are in the area of these anomalies. The fourth anomaly is 730 m north east of the trenching area and will be explored by drilling since no outcrop is present on site. That anomaly is 150 m long.
The Company’s west claim block shows seven anomalie s but the interpretation of Geotech will be importa nt in confirming those anomalies as being from a bedrock source, since many other anomalies are related to c ultural effects. Initial prospecting will be conducted on e ach target area to determine a priority for future work. The completion of the modeling by Geotech will also help in determining targets to explore while trenching continues.
A carbon sciences company
Environmental Work
The Company has engaged Geostar Inc. (Brownsburg bog land and humid vegetation areas. The report show Company will also initiate the evaluation of a rive r located 250 meters north of the currently worked area, consisting of sediment and water sampling to determ ine whether contamination exists from the his operations.
Rémi Charbonneau, Ph.D., P. Geo #290 (an Associate o f Inlandsis Consultants s.e.n.c.) is an Independent Qualified Person under National Instrument 43 provided in this news release.
On Behalf of the Board of Directors
CANADA CARBON INC.
“R. Bruce Duncan” CEO and Director
Contact Information
E-mail: [email protected]
P: (604) 638-0971 F: (604) 638-0973
“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 forwar performance and reflect management’s current expect ations and assumptions.
current beliefs and are based on assumptions made b y and informat these forward looking statements are neither promis es nor guarantees, and are subject to risks and unc ertainties that may cau results to differ materially from those expected. T h under applicable securities legislation, the Compan y does not assume any obligation to update or revis e them to reflect new e circumstances. All of the forward-lo oking statements made in this press release are qua lified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at Geostar Inc. (Brownsburg -Chatham, QC) to perform evaluation of the property for land and humid vegetation areas. The report show s that no such land is present in the work area. The Company will also initiate the evaluation of a rive r located 250 meters north of the currently worked area, consisting of sediment and water sampling to determ ine whether contamination exists from the his émi Charbonneau, Ph.D., P. Geo #290 (an Associate o f Inlandsis Consultants s.e.n.c.) is an Independent Qualified Person under National Instrument 43 -101, and has reviewed and approved the technical in formation
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 forwar d-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 current beliefs and are based on assumptions made b y and informat ion currently available to the Company. Investors a re 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 materially from those expected. T h ese forward-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 e oking statements made in this press release are qua lified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com ).
Chatham, QC) to perform evaluation of the property for that no such land is present in the work area. The Company will also initiate the evaluation of a rive r located 250 meters north of the currently worked area, consisting of sediment and water sampling to determ ine whether contamination exists from the his toric mining émi Charbonneau, Ph.D., P. Geo #290 (an Associate o f Inlandsis Consultants s.e.n.c.) is an Independent 101, and has reviewed and approved the technical in formation 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 ion currently available to the Company. Investors a re 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 e vents or oking statements made in this press release are qua lified by these cautionary statements and by those