Expansion of exploration in area of Graphite in Quebec holdings.
"CARIBOU INITIATES WORK PROGRAMS AT TAC GRAPHITE PROPERTY, QC
Caribou King Resources Ltd. has commenced exploration on its 100-per-cent-owned TAC graphite property in Southern Quebec. Exploration will target historic graphite zones, high-grade drilling intercepts and historic electromagnetic (EM) conductors.
Exploration will include follow-up sampling around graphite-bearing drillholes such as 90-44 (returning a weighted average of 9.86% Cg over 46.75 meters(1)) and will also focus on yet-untested conductors identified from a 1990 historic electromagnetic (EM) survey(2) which were more recently validated by an EM survey conducted for Caribou. Several graphitic zones have recently been identified on the property through historic data analysis and are now being sampled.
Michael England, CEO and Director states: "Exploration is now underway on both of our flagship graphite properties: TAC and Buckingham. Both properties are within well-known graphite districts in southern Quebec and host favorable geology and existing infrastructure, and are surrounded by current active exploration. The newly discovered graphite occurrences at TAC, combined with recently compiled geophysics and historic drilling results, make this coming exploration season the most promising to date."
Recent Buckingham graphite samples achieving over 99.9% Cg from flotation alone have garnered international recognition. Initial sampling at Buckingham has returned some of the highest assay results reported in Quebec to date. Purity testing will be conducted on graphitic samples from the TAC Property currently being collected.
Isabelle Robillard, P. Geo #287 (an Associate of Inlandsis Consultants s.e.n.c.), an Independent Qualified Person under National Instrument 43-101, has reviewed the metallurgical balance sheet and assay results produced by SGS Canada Inc. (Lakefield) approved the technical information provided in this news release.
(1) See Reconnaissance geologique et campagne de forage 1989-1990, Propriete TAC, Canton Mousseau by Ressources Graphicor, GM51068.
(2) See Ministere de l'Energie et de Ressources Quebec, 1990, GM51067.
