WorldWide Drilling Resource

53 WorldWide Drilling Resource ® JANUARY 2014 Miller Graphite Mine Shows Significant Potential Adapted from a PRWeb Press Release Over the last ten years, an enor- mous market has been created for smartphones and tablets. Approximately 56% of North Americans are using these devices. The personal electron- ics sector is set to grow exponentially year after year, creating massive demand for devices and the technology inside them. Though most people are not as familiar with graphite as they are with gold, silver, and copper, recent advance- ments in technology have caused de- mand for the carbon-based mineral to increase as sharply as the desire for faster, lighter, and more energy-effi- cient high-tech devices. Graphite is a key component in lithium-ion batteries, which are used in cell phones, laptops, tablets, power tools, and hybrid and electric vehicles. Advancements in technology and the demand for faster devices and longer, more powerful bat- teries is creating new uses and driving global demand for high-quality graphite. In Québec, Canada, a once-forgot- ten historic graphite mine is showing significant potential for boosting the country’s domestic supply. Canada Carbon, Inc. and Caribou King Resources Ltd. are positioned to benefit greatly from increasing demand for graphite. Vancouver-based Canada Carbon recently discovered very high-grade graphite during sampling and trench- ing operations at the Miller Graphite Mine property near Grenville, Québec, located about 49 miles west of Montréal. Basic testing of lump samples, taken from a trench at the Miller property to extract and purify the graphite, resulted in an outstanding 100% graphitic car- bon. The testing was carried out by SGS Canada of Lakefield, Ontario. “There is a high demand for this rare, high-quality graphite, and there- fore it commands a higher price,” said Bruce Duncan, CEO of Canada Carbon. “And where other companies are drilling as much as [328-656 feet] down to get at grades of only a few percent, we have a much higher grade at the sur- face before we even begin processing it at a mill.” Caribou has purchased several properties next to the Miller property in hopes of seeing success similar to that Photo of drilling operations at the Miller Graphite Project courtesy of canadacarbon.com of Canada Carbon. Mike England, CEO of Caribou, said the company is currently in the exploration phase. Historically, this property appears to be an extention of the lump/vein forma- tions found nearby at the old Miller property. The potential of substantial graphite discovery in Québec could position com- panies like Canada Carbon and Caribou as high-quality, lump-vein graphite suppli- ers in the global marketplace. " ; # 511-,(2 0) 20'5&43 %9 4+(3( ,/( $/5)$&452(23 ; 08 029'0/ # ! : : $8 $,- 3$-(3 *,6(/3,/4(2/$4,0/$- &0. "(% ,4( 777 *,6(/3,/4(2/$4,0/$- &0.