Caribou King Resources Ltd.
TSX VENTURE : CKR
FRANKFURT : CB8

Caribou King Resources Ltd.

February 19, 2015 12:52 ET

Caribou to Perform Graphite Purity Tests on Second Location at Its "Uncle Zone"

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 19, 2015) - CARIBOU KING RESOURCES LTD. ("Caribou" or the "Company") (TSX VENTURE:CKR)(FRANKFURT:CB8) is pleased to announce that, following exceptional results from its first purity test, the Company will be performing an additional purity test on a second sample taken 250 meters away, also from within its 100% owned Buckingham flake/lump graphite property.

The second sample to be analyzed was collected from the wall of a historic trench located roughly 250 metres to the ESE of the previously announced sample that yielded purity of up to 99.4% Cg (see PR dated February 17th, 2015). Both samples were taken from a ~600 meter wide zone of mineralization in the southeast portion of the Buckingham Property, henceforth referred to as the "Uncle Zone".

"Following the prodigious success of our first purity test, we are pleased to announce that we are now increasing our efforts on the Buckingham property," states Michael England. "Now that we know we have the purity, we must now focus on building the volume. A bulk sampling program scenario is anticipated by the fall."

The "Uncle Zone" is host to several graphitic veins which were discovered during a preliminary exploration program by Caribou King which consisted of manual trenching of electromagnetic conductors identified by a small-scale EM (BeepMat) survey. Both disseminated flake and vein-type graphite have been observed in numerous outcrops, and are largely hosted within fractures in pegmatite intrusions.

The northern portion of the property is also host to two linear conductors of about 400 meters in length, defined from a historical airborne EM survey (reference DP83-05), which remain to be ground tested.

About the Buckingham Property

The 100% owned Buckingham Graphite property covers 480 hectares and is located 7km northwest of Buckingham, Quebec, Canada, within the Central Metasedimentary Belt of the Grenville Province, which is host to the producing Timcal Lac-des-Iles graphite mine. Well-maintained bush roads lead directly to the sampled showing and throughout the property. Graphite mineralization occurs primarily in veins and masses within pegmatite, diopside skarn, marble and gneiss.

The Buckingham region is historically known for its abundance of graphite deposits. From 1870 to 1920, several graphite mines were active in the region, largely producing flake-type graphite. However, two mines, Pugh & Weart Mines and Walker, were known instead for their lump graphite product.

At the Walker Mine, located less than 750 metres to the east of the Buckingham Project, 816 tons of graphite was historically extracted, including 100 tons of lump/vein type graphite (Obalski 1889). Disseminated flake graphite averaging up to 25% was reportedly extracted from a 45 metre deep opening at the Walker mine. Graphitic veins occurred in the vicinity of the mine, with many extending westward toward the Buckingham Property. (Saint Jean Carbon, Technical Report on the Walker Graphite Property, 2014).

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.

For more information, please visit the website at www.caribouking.com.

ON BEHALF OF THE BOARD

Michael England, CEO, Caribou King Resources Ltd.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Caribou King Resources Ltd.
    Telephone: 1-604-683-3995
    Toll Free: 1-888-945-4770
    www.caribouking.com