Positive news.
– Caribou King Resources Ltd. (“Caribou” or the “Company”)(CKR – TSX.V)(CBULF - USA) is pleased to announce it has been contacted to provide high-grade graphite samples to a European based full service analytical company specializing in high-value industrial and strategic minerals. A 5kg sample from the “Uncle Zone” on Caribou’s 100% owned Buckingham graphite project that yielded over 81% Cg (see CKR news Nov 18 2013) has now been sent to an in-house laboratory and test center for analysis. Caribou was recently contacted to provide a high-grade sample for analysis after its March 3rd 2015 news release reported the Company achieved over 99.9% Cg from a flotation circuit alone without process optimization such as acid leach or alkaline roast.
Michael England, CEO and Director of Caribou King, stated: "Our recent Buckingham graphite samples that achieved over 99.9% Cg from flotation alone have garnered international recognition. We are excited to have been contacted by one of the top European based full service analytical firms that has offered to provide testing and analysis of our high-grade graphite using state-of-the-art analytical methods as well as the potential for offtake agreements and strategic partnership introductions. Initial sampling at Buckingham has returned some of the highest assay results reported in Quebec to date and further exploration is now underway to continue to define the graphite rich Uncle Zone."
Caribou now has exposure to a full project value chain that offers expert support from exploration through quality evaluation and tailor-made process design to market introduction and testing for end user approval by potential customers. This potential working relationship will provide a unique combination of a fully equipped technical center, analytical facilities, and strong contacts in downstream industries to thoroughly evaluate and process technical samples.
All carbon analyses described above were performed by SGS Canada and are reported as graphitic carbon employing a Leco SC-632 instrument. The results reported in this release are from a single trench and are not necessarily representative of all mineralization hosted in this zone. Further testing must be carried out to verify these results.
Isabelle Robillard, P. Geo No. 287 (an associate of Inlandsis Consultants SENC), an independent qualified person under National Instrument 43-101, has reviewed the metallurgical balance sheet and assay results produced by SGS Canada and approved the technical information provided in this news release.
