Caribou King Finds New Graphite-bearing Zone at Buckingham

Caribou King Resources Ltd. (TSXV:CKR,OTCBB:CBULF) announced that it’s discovered a new graphite-bearing zone at its Quebec-based Buckingham property. A “substantial number” of samples have been taken, and the company has sent them to SGS Canada Inc. for analysis. Most contain “significant proportions of large-flake graphite.”

As quoted in the press release:

A crew was mobilized in early May to follow up on historic airborne electromagnetic anomalies located in the northern portion of the Buckingham property. A limited Beep Mat electromagnetic (EM) survey was carried out, accompanied by mapping and sampling, with assay results pending. The Beep Mat tool is a miniaturized electromagnetic survey instrument that detects conductive subcrops up to 3m below surface.

The new discovery (the ‘Case Zone’) was identified in the northern portion of the property. The zone measures at least 900m along strike and up to 350m wide, as indicated by graphite-rich showings, pits, and EM anomalies, and remains open on all sides. Several former pits were encountered in this zone, with some exhibiting broad horizons of large-flake disseminated and chunk-style graphite visually estimated up to 30-40%. The largest excavation measures approximately 7 metres wide by 15 metres long and 4 metres deep. This excavation appeared as a borrow pit, although it was located directly over a historical airborne geophysical anomaly. The Case Zone appears to trend northeast but further geophysical surveys will be needed to better define this newly discovered zone.

Michael England, CEO and director of Caribou King, commented:

This new Case Zone discovery further demonstrates that Graphite mineralization at our Buckingham property is not restricted to the previously announced high grade Uncle Zone discovery in the southeastern portion of the property. Initial sampling at Buckingham has returned some of the highest assay results reported in Quebec to date and continues to yield exciting new discoveries as exploration progresses.

Click here to read the full Caribou King Resources Ltd. (TSXV:CKR,OTCBB:CBULF) press release.

Caribou King Resources Ltd. (TSX VENTURE:CKR) is a publicly-traded, Canadian junior exploration company that holds a portfolio of highly prospective graphite projects. These include: TAC (Quebec), with historic drilling including 9.86% Cgf over 46.75 meters (Drillhole 90-44); Lac Vert (Quebec), host to graphitic intersections in several historic drill holes; Buckingham (Quebec), located 750 meters west of the historic Walker Graphite Mine and Montpellier. Caribou is working to advance these projects through multiple active exploration programs which are currently underway.