(MENAFN- Investors Ideas) Toronto, Ontario - September 6, 2017 (Newsfile Corp.) (Investorideas.com Newswire) CKR Carbon Corporation. (TSXV: CKR) (FSE: CB81) ("CKR" or the "Company") a vertically integrated graphite to graphenes, advanced materials development company is pleased to provide an update of the diamond drilling and trenching program at it's 100% owned Buckingham graphite project in Quebec. To date four diamond drill holes totalling 522 metres and four trenches have been completed over 700 metres of a 1.54 kilometre conductive zone, all of which show visible graphite mineralization.
Drill Hole two intersected graphite mineralization between 25 and 97 metres, while hole three intersected mineralized marble and paragneiss between 10 and 60 metres with large (up to 0.5 cm) flakes in places. Drill hole four also intersected marble and paragneiss, with strong graphite mineralization occurring in the marble from 5 to 21 metres and from 157 to 198 metres downhole. Lesser mineralization also ocurs in the paragneiss. Results of the earlier drill holes were described in a news release dated August 17, 2017.
The four trenches, measuring from 30 to 40 metres in length were excavated across the electromagnetic conductor and all of them revealed graphite mineralization. Marble is the main host to the graphite and significant intersections of 13 to 14 metres were observed in trenches two and three.
The Company further welcomes Mr. Arno Brand to the board as a director effective immediately. Mr. Brand replaces Mr. Rejean Gosselin who has resigned. Mr. Brand's appointment is subject to TSX Venture Exchange approval.
Mr. Brand is a Namibian entrepreneur with extensive experience in major construction and mining deals in Southern Africa. He has worked on the development of the Aukam graphite project since 2013, initially as the founder and most recently as Project Manager.
"We are pleased to have Mr. Brand join the Board of Directors. He has been an integral part of the Company both in Canada and on the ground in Namibia working to advance the Aukam project," said Roger Moss, Chief Executive Officer of CKR Carbon. "We would also like to thank Mr. Gosselin for his contributions to the company over the past four years and wish him well in his future projects."
The company also announces that a total of 1 million options to purchase common shares has been granted to directors and a consultant to the company at a price of $0.07 per share, expiring on September 4, 2022.
The technical content of this News Release was approved by Roger Moss Ph.D., P.Geo, a qualified person as defined by National Instrument 43-101.
About CKR Carbon Corporation
CKR Carbon Corporation is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene based components for a range of mass market products. We are collaborating with a leading European manufacturer of graphenes to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale. The company is listed on the TSX Venture Exchange under the symbol CKR.
About the Buckingham Project
The 100%-owned Buckingham Graphite Property is located 7 kilometres northwest of the town of Buckingham, Quebec, Canada and consists of eight claim blocks totaling 480 hectares. Well-maintained bush roads provide easy access to the property. The property lies within the Central Metasedimentary Belt of the Grenville Geologic Province 82 km south of Imerys Graphite & Carbon's operating Lac des Iles graphite mine. Graphite occurs disseminated in marble and paragneiss and within veins hosted in pegmatite, diopside skarn, marble and gneiss.
Two graphitic zones, the Uncle Zone and the Case Zone have been discovered to date, with both zones showing high grade occurrences of disseminated flake and vein type graphite and yielding assay values as high as 81.1% Cg. Initial crushing and flotation of two samples from the Uncle zone has achieved purity up to 99.4% Cg from a single flotation test without process optimization (see news release dated February 17, 2015).
For more information: visit the website at www.ckr-carbon.com or contact:
Roger Moss, CEO, +1 416-704-8291 E-mail inquiries:
For graphite product enquiries:
Arno Brand, +1 416-561-4095
"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).
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