Dec 12 shows another acquisition and promising exploration program close.
"Mr. Michael England reports
CARIBOU ACQUIRES MONTPELLIER GRAPHITE PROPERTY, QUEBEC
Caribou King Resources Ltd. has acquired the Montpellier graphite property, located approximately 67 kilometres north-northeast of Ottawa, Ont. The property hosts graphite mineralization in a zone 15 meters wide, and exposed through historical drilling and trenching over a strike length of 250 meters. Historical drilling at Montpellier included one drill hole with a weighted average of 10.47% Cg over 44.97 meters and 12.33% Cg over 21.64 meters.
The Montpellier property covers 359 contiguous hectares, with graphite mineralization associated with the highly metamorphosed sedimentary rocks of the Grenville geological sub-province. The lithologies include quartzofeldspathic and garnetiferous paragneiss, with the graphite mineralization occurring as large flakes interbedded parallel to the schistosity of the paragneisses. The main graphite zone has a width of about 15 meters and was traced by means of trenching and drilling for more than 250 meters along strike. Two other graphite zones occur 575 meters east of the main zone of mineralization. Assay results from historical drilling performed in the 1980's reported a weighted average of 10.47% Cg over 44.97 meters and 12.33% Cg over 21.65 meters (1984, Ministere de l'Energie et de Ressources Quebec, Report Nos. GM42965, 80p; GM41744, 41p.). Note that estimates of true thickness were not determined in the historical drilling.
Michael England, CEO & Director states, "Montpellier is a strategic addition to our portfolio of graphite properties. A work program is now being developed to follow up on the historical graphite drilling discoveries and expand on known graphite mineralization. Caribou also anticipates the timely commencement of a drill program on our 100% owned Mulloy graphite property following the recent discovery of numerous conductors throughout the property."
The technical contents of this release were approved by Mr. Luc Lamarche, P. Geo., consultant to Caribou and a 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. Lamarche has not verified the technical data disclosed in this release."
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