Caribou Initiates Work Programs at TAC Graphite Property, QC
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 27, 2015) - Caribou King Resources Ltd. ("Caribou" or the "Company")(TSX VENTURE:CKR)(FRANKFURT:CB8) is pleased to announce the commencement of exploration on its 100% 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 meters1) and will also focus on yet-untested conductors identified from a 1990 historic electromagnetic (EM) survey2 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.
About Caribou Kind Resources
Caribou King Resources Ltd. (TSX VENTURE:CKR)(FRANKFURT:CB8) is a publicly-traded, Canadian junior exploration company that holds a portfolio of highly prospective graphite projects. These include: TAC (Quebec), with historic drilling including 9.86% Cgf over 46.75 meters (Drillhole 90-44); Lac Vert (Quebec), host to graphitic intersections in several historic drill holes; Buckingham (Quebec), located 750 meters west of the historic Walker Graphite Mine and Montpellier. Caribou is working to advance these projects through multiple active exploration programs which are currently underway.
For more information, visit the website at www.caribouking.com.
1 See Reconnaissance géologique et campagne de forage 1989-1990, Propriété TAC, Canton Mousseau by Ressources Graphicor, GM51068.
2 See Ministere de l'Energie et de Ressources Quebec, 1990, GM51067.
On Behalf of the Board of Directors
CARIBOU KING RESOURCES LTD.
Michael England, CEO and Director
"Neither 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."
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
