Table 1: Drill Collars Table
Table 2: Preliminary Results of Selected Interval Precipitation Drilling Tests
*Test periods shown are core lengths;** Actual thickness designed through SGS based on a geologic style review and levels of 43% to 96% of true intersections.
Strengths
The Company also plans additional exploration paints, which will include a combination of geophysics, geological mapping and drilling to cover the domain between the historic mine and the recently completed drill program, as many conductors have yet to be tested over a significant distance. The updated geological design will allow the Company to continue its exploration work to further develop the resource on the Property.
Chief Executive Ellerton Castor said: “We are working on vital conductors connecting the domain currently under study to the historic Asbury Mine, where advertising graphite production took place. The existing program was located approximately four kilometers from the Asbury mine and the Asbury Reclamation Domain. The Company believes that these effects affect our view that there is significant graphite mineralization that extends between the two ends of the Property and accounts for the conductor anomalies. This deserves to result in a scalable resource with significant continuous graphite mineralization, as evidenced by the core and trench observations we have recently made.
Core Sampling and Quality Control Protocols All drill core patterns were collected under the supervision of SL Exploration Inc. employees. Drill cores were transported from the drilling platform to the forestry facility, where they were recorded, photographed, They were assigned a serial number and split with a hydraulic blade. Core patterns were partly divided into 1. 5 m periods, while higher grade mineralization was modeled separately to better identify its grade. The patterns were then bagged with their serial number written on each bag. Blanks and reference fabrics graded at normal periods were inserted into the pattern sequence. Clusters of patterns were placed non-stop into giant bags, placed on pallets and wrapped in plastic. Everything was sent to the Actlabs laboratory in Ancaster, Ontario. In the Actlabs laboratory, rock patterns are prepared according to the Rx-1 protocol, which consists of drying, crushing (<7 kg) up to 90% passing 10 mesh, rifle fractionation (250 g) and pulverizing (steel sweet) up to 95% passing 105μ. Graphitic carbon (Cg) was selected through Actlabs laboratories according to the Graphitic 4F-C protocol, which is a multi-step oven treatment and infrared absorption, with a detection limit of 0. 05%. Graphitic carbon was decided by calculating the difference between the carbon dose (after incineration) via a tubular furnace/coulometer minus the carbonaceous carbon (after incineration) via coulometry.
A QA/QC program carried out in the 2023 drilling season. QA/QC patterns were inserted into approximately each of the 20 patterns in the pattern series, alternating between standard, blank, and duplicate patterns. A total of 34 standard, 33 blank and 19 duplicate patterns were submitted with the cores, representing 3. 7%, 3. 6% and 2. 1% respectively of the patterns analyzed, for a total of 9. 4% in line with industry standards.
Of the 33 blanks analyzed, 32 yielded values below 0. 05% graphite carbon, which corresponds to the limit of detection. We thought that a pattern did not imply sufficient coverage for the analysis.
Duplicate cores were produced during the drilling program. They were made by first splitting the core in two, part of which was sent as an original sample; and the second half was split in two, resulting in a split of a quarter. For homogeneous rock, a difference of less than 10% would be acceptable. This QA and QA campaign has 8 out of 19 duplicates above or below 10% difference. The length of the graphite particles in Miller’s assets is considered coarse and ranges from 2 mm to 10 mm. This grain length, compared to the length of a quartered core, makes local variability a greater challenge for duplicating a core sample, especially with higher graphite values.
At the Company’s Annual and Extraordinary Shareholders’ Meeting held on January 31, 2024, the Company’s shareholders approved the adoption of a renewable stock option plan, as further described in the Company’s Management Information Circular of December 22, 2023.
This press has been prepared by Steven Lauzier, P. Geo, OGQ and Pierre-Alexandre Pelletier, P. Geo OGQ, who are Qualified Persons as explained through NI 43-101, and who have reviewed and approved the geologic data provided in this pressArray References
CANADA CARBON INC. ” Ellerton Castor” President, CEO & Director Contact Information Email Inquiries: info@canadacarbon. com P: (905) 407-1212
FORWARD-LOOKING INFORMATION This press release comprises announcements that constitute “forward-looking information” (“forward-looking information”) within the meaning of applicable Canadian securities legislation. All announcements, other than past facts, constitute forward-looking data and are based on expectations, estimates and projections as of the date of this press release. Anything having to do with predictions, expectations, beliefs, plans, projections, objectives, assumptions, timing or long-term performance (often, but not always, using expressions such as “expects”, or “does not expect”, “is expected “, “anticipates”). or “does not anticipate,” “does not plan,” “budget,” “schedule,” “forecast,” “estimate,” “believe,” or “intend” or diversifications of those words and expressions or state that certain actions, events or effects “possibly” or “could”, “could”, “could” or “are expected to happen or be achieved) are not past facts and would possibly constitute forward-looking data. Forward-looking data contained in this press release includes information relating to the progression of the Company’s Miller deposit and its financing, the execution of the joint venture with Irondequoit Offer, the long-term production of the Company’s Miller deposit, the sale and others. similar questions In disclosing the forward-looking data contained in this press release, the Company has made safe assumptions. Although the Company believes that the expectations reflected in such forward-looking data are reasonable, it can give no assurance that the expectations contained in such forward-looking data will prove to be correct. Known and unknown risks, uncertainties and other points that could possibly cause actual effects and long-term events to differ materially from those expressed or implied by such forward-looking data. These points include, but are not limited to: compliance with detailed government regulations; monetary capabilities; the ability to expand the Miller deposit; domestic and foreign legislation and regulations that adversely affect the Company’s business and the effects of operations; the effect of COVID-19; and general commercial, economic, competitive, political and social insecurities. Accordingly, readers should not place undue reliance on any forward-looking information contained in this press release. Except as required by law, the Company disclaims any objective and assumes no legal responsibility to update or revise forward-looking data to reflect actual effects, whether as a result of new data, long-term occasions, adjustments in assumptions, adjustments in points that affect those forecasts. -data search or others.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
A photograph accompanying this announcement is available at: https://www. globenewswire. com/NewsRoom/AttachmentNg/57348f6a-1bf9-40f8-aa6b-e227e2e4dd84