Action today was result of a positive NR.
Traded up to .105 then retraced to .08.
Other boards saw negative comments by obviously shorts or posters missed the jump and want in at lower price.
We MAY see more news giving even higher share price,
DO YOUR OWN DD.
"CARIBOU KING DISCOVERS GRAPHITIC MARBLE ON CALUMET GRAPHITE PROPERTY CONTIGUOUS TO CANADA CARBON'S MILLER MINE
Caribou King Resources Ltd. has discovered graphitic marble and sulphidic blocks on the 100-per-cent-owned Calumet graphite prospect contiguous to Canada Carbon's Miller hydrothermal lump-vein graphite mine, located approximately 96 kilometres west of Montreal. Graphitic marble and sulphidic blocks are features present on the neighbouring Miller historic graphite mine area, 790 metres to the east, and are related to a hydrothermal graphite vein system. (Readers are cautioned that there is no guarantee that mineralization of the extent that exists at the Miller mine will be identified on the company's Calumet project.)
Phase 1 fieldwork at Calumet also discovered graphite outcropping that will be further explored using a beep-mat survey along the contact area to further isolate pegmatite bodies and graphite mineralization. Conclusions from the first phase of exploration include a good geological context and a high-potential area for graphite mineralization. Further sampling is now under way on the property, as well as mapping, line cutting, beep-mat surveys and induced polarization geophysical surveys.
Caribou King's Calumet project geologist, Steven Lauzier, PGeo, stated: "The graphitic marble block discovered at Calumet shows the high potential of the area and also reveals that more graphite mineralization can be present in the immediate area, probably due to a similar mineralization process as the Miller graphite hydrothermal system. The sulphidic block is also an indicator that hydrothermal processes may have happened in the area."
Mr. Lauzier recently completed exploration on the historic Miller graphite mine that is being explored by Canada Carbon, and adjoins the Calumet project on the east and north sides of the property.
Mr. Lauzier further commented: "The Calumet property shares a similar lithology with the Miller mine and is highly prospective for the large-flake graphite mineralization similar to that at the adjacent Miller mine. Many areas of particular interest have been marked out and will be further explored."
Michael England, chief executive officer and director, stated, "This is a very active and exciting time for Caribou King as we explore all of our highly prospective graphite properties, several of which are in close proximity to historic and operating graphite mines."
The technical contents of this release were approved by Marvin Mitchell, PEng, qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Mr. Mitchell has not verified the technical data disclosed in this release."
