Source: Canada Carbon Inc.
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  • Canada Carbon (CCB) has received all the assay results from the December 2021 drilling program on its Miller Property. The Miller Property in Quebec
  • The property hosts widespread low grade graphite mineralization and some material from the current drill program will likely be incorporated into a new model for the Miller mineralisation
  • The company completed 3,024 metres of drilling in 32 holes varying in depth between 30 and 180 metres, the largest drill campaign completed to-date on the property
  • Canada Carbon Inc. (CCB) opened trading at C$0.045 per share

Canada Carbon (CCB) has received all the assay results from the December 2021 drilling program on its Miller Property. The Miller Property in Quebec.

The property hosts widespread low grade graphite mineralization and some material from the current drill program will likely be incorporated into a new model for the Miller mineralisation.

Multiple other graphite intersections were observed in the drilling campaign.

Drilling was conducted from November 28, 2021, to December 21st, 2021, with 2,375 core samples were bagged and shipped to the laboratory.

The primary objective of the drilling program was to better define and connect the area located between the two pits (Western and Eastern pits) of the Project as defined in its PEA.

The company completed 3,024 metres of drilling in 32 holes varying in depth between 30 and 180 metres. The total length makes this program the largest drill campaign completed to-date on the Miller Property.

The resource estimate includes an indicated resource of 2.65Mt (million tonnes) with an average grade of 0.80 per cent graphite, and an inferred resource of 7.56Mt with an average grade of 0.77 per cent graphite.

The company’s CEO, Ellerton Castor called the results of the December 2021 drilling program completed at Miller are critical to the company’s efforts to complete the permitting process for the Miller Project.

“The drilling intersected multiple widely mineralized zones, as well as multiple graphite pods and veins. This will help to improve the geological model and allow SGS to better define, improve and enhance future pit designs. The work now being undertaken will allow Canada Carbon, Inc. to optimize our environmental management efforts and to proceed with the permitting activities for the project.”

TABLE 1: SELECTED MINERALIZED INTERSECTIONS

Drill Hole IDFrom
(m)
To
(m)
Interval Length
(m)
Average
Result (%Cg)
DDH21-219364.861.80.78
Including337.534.50.91
DDH21-21746.5100.854.30.61
DDH21-2143.5740.536.90.64
DDH21-21996.2102.26.03.59
DDH21-22238.457.519.10.94
DDH21-22320.545.725.20.62

Graphite mineral resources:

“The results of the December 2021 drilling program completed at Miller are critical to our ongoing efforts to complete the permitting process for the Miller Project. The drilling intersected multiple widely mineralized zones, as well as multiple graphite pods and veins. This will help to improve the geological model and allow SGS to better define, improve and enhance future pit designs. The work now being undertaken will allow Canada Carbon, Inc. to optimize our environmental management efforts and to proceed with the permitting activities for the Project,” said Ellerton Castor, Chief Executive Officer and a director of the company.

The results will be used by SGS’s team to update the modelling on the Miller Property in order to update the resource and to update the pit design. The information will also be used throughout the next permitting stage of the Miller Project, including an upcoming resources calculation and economic studies; as well as to support the permitting process for the Ministry of Environment and Fight against Climate Change (MELCC), the Ministry of Energy and Natural Resources (MERN) and during the consultation process with the citizens of Grenville-sur-la-Rouge (GSLR), the Argenteuil RCM (Regional County Municipality) and other stakeholders.

Canada Carbon Inc is a mineral exploration company focused on acquiring and exploring mineral properties in Canada. Its projects include the Miller Graphite Project and Asbury Graphite Project.

Canada Carbon Inc. (CCB) opened trading at C$0.045 per share.


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