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Caribou King Resources Ltd. (TSXV:CKR,OTCBB:CBULF) announced assay results from the Case zone at its Quebec-based Buckingham graphite project.
Caribou King Resources Ltd. (TSXV:CKR,OTCBB:CBULF) announced assay results from the Case zone at its Quebec-based Buckingham graphite project.
As quoted in the press release:
Sampling was conducted in the newly discovered ‘Case Zone’, recently reported by Caribou King (PR dated May 14, 2015), which has been found to be host to numerous and widespread graphite showings exhibiting broad horizons of large-flake disseminated and chunk-style graphite.
A total of 17 grab samples were taken in and around the Case Zone (of which 7 are still pending assay). The highest assay of 28.7% was returned from a sample taken near the centre of the zone, from a large former excavation located directly over a historical airborne anomaly. A total of six samples returned values higher than 10.0% Cg, as shown in the table below:
Graphite mineralization in all samples was observed as large-flake and disseminated in altered marble/paragneiss horizons. The highest assays show a strong correlation with historic electromagnetic conductors (report DP83-05).
Michael England, CEO and director of Caribou, commented:
These assay results are highly encouraging and demonstrate the presence of graphite in yet another area on the Buckingham Property, approximately 700m northwest from our existing Uncle Zone. We are beginning to define a substantial new zone on a property which has already yielded over 99.9% Cg pure graphite from flotation testing alone. The Buckingham property has returned some of the highest assay results reported in Quebec to date and continues to yield great results.
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.