CKR Announces Beginning of Bulk Sampling Program

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 15, 2016) –CKR Carbon Corporation. (“CKR” or the “Company”) (TSX VENTURE:CKR)(FRANKFURT:CB8)(OTCBB:CBULF) is pleased to announce the start-up of the bulk sampling of graphitic material from the dumps at the Aukam graphite project in southern Namibia.
Site construction, including quarters for 30 workers and building and installation of a screen, has been completed on schedule and on budget. Preparation for the bulk sampling program including finalizing the infrastructure and clearing graphitic material from the adits and stockpiling on the dumps was also completed.
The heavy equipment has arrived on site and work is now under way. The bulk sampling program is focussed on separating the graphitic material found in the Aukam dumps from the waste country rock. The separation is accomplished by screening loads of dump material and hand-sorting of the screened product. Approximately 500 tonnes of dump material are currently being screened and sorted each day.
Seven sub-samples from a 1.6 tonne sample of screened dump material were recently assayed and averaged 59.4% carbon as graphite (see news release dated June 1, 2016).
“We are very pleased with getting the bulk sampling program up and running on schedule and on budget,” said Roger Moss, Chief Executive Officer of CKR Carbon. “The rate of screening and hand sorting of the dump material has exceeded our expectations, and we congratulate our contractors on this achievement.”
As outlined in our Letter of Intent (see news release dated March 16, 2016), CKR intends to send up to 5,000 tonnes of graphitic material to the graphite producer, with an initial shipment of 2,000 to 3,000 tonnes as a result of this program.
The technical content of this news release was approved by Roger Moss, Ph.D., P.Geo a qualified person as defined by National Instrument 43-101.
About the Aukam Project
CKR has an option to acquire up to 73% in the Aukam graphite project by meeting certain milestones and making cash payments. The project is located on 34,082.15 hectares in southern Namibia close to the port city of Luderitz. The property hosts three underground adits which were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property and 73 samples from the lower three dumps were assayed and averaged 42% Cg. CKR is undertaking a bulk sampling program at Aukam, and has a letter of intent to sell the graphitic material produced during the program. CKR also intends to put the historical mine back into production and is working on an application for a mining license. The company maintains high safety and environmental standards and has a comprehensive strategy of social engagement.
About CKR Carbon Corporation
CKR Carbon Corporation is focused on high quality, natural graphite suitable for use in lithium-ion batteries, graphite foil and other value-added high growth technology applications. We only select projects requiring low capital and a short time to market. The company is listed on the TSX Venture Exchange under the symbol CKR and has 33.2 million shares outstanding.
Visit the website at www.ckrcarbon.com
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FORWARD-LOOKING STATEMENTS:This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements 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).