Published: August 30, 2016 |

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CKR Carbon Corporation has renegotiated the terms of its option agreement to acquire 100 percent of the Montpellier graphite project in southern Quebec.

The company will issue 400,000 common shares in the capital of the company to the optioner in lieu of the remaining work commitment of $40,572. The work commitment was the last remaining term of the option agreement dated December 9, 2013 and following the issuance of the CKR shares, the company will hold 100 percent of the property subject to a 2 percent net smelter return royalty. The company continues to work on its Aukam graphite project in Namibia.

Montpellier is a potentially significant graphite source in an area of excellent infrastructure that deserves further investigation in the future. The main graphite zone at Montpellier has a width of about 15 meters and was traced by means of trenching and drilling for more than 250 meters along strike and at least 75 meters depth, with some historical holes terminating in mineralization at about 90 meters.

The main zone remains open in both directions and further indications of graphite are known along strike. Two drill holes with intercepts of 6.5 percent Cg over 30 meters and 8.2 percent Cg over 26 meters occur 160 meters to the southeast and possibly define another zone parallel to the main graphite zone. These zones require further follow up.

The graphite mineralization is associated with paragneisses and two distinct styles have been recognized. Higher graphite content (9-23 percent cg) is typically observed at the contact between paragneiss/marbles or quartzite/marbles in an altered unit with chlorite and carbonates. These zones, are brecciated or sheared and typically 0.5-7 meters thick.

The second type of graphite mineralization consists of disseminated flake graphite that occurs in marble units, with concentrations ranging from 3 to 6 percent Cg over much larger intersects with average width of 20 meters.

About CKR Carbon
CKR Carbon Corporation is focused on high quality, natural graphite suitable for use in lithium-ion batteries, graphite foil and other value-added high growth technology applications. The company’s main focus is the Aukam graphite project, in Namibia where it has an option to earn a 63 percent interest from Next Graphite Inc.

To stop by CKR Carbon’s website, CLICK HERE

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