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Canada Carbon ups Miller graphite resources by 379%

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Canada Carbon ups Miller graphite resources by 379%

Canada Carbon Inc. increased resources at its Miller graphite property in southern Quebec by 379% as compared to resources outlined in a preliminary economic assessment completed in March.

The Miller property hosts indicated resources containing 21,200 tonnes of graphite within 2.6 million tonnes grading 0.80% graphitic carbon, with inferred resources containing 58,000 tonnes of graphite within 7.6 million tonnes grading 0.77% graphitic carbon.

Canada Carbon noted in its Dec. 14 news release that indicated resources defined to date would support a minimum 10-year mine life.

The company is planning further drilling to better define mineralization for pit optimization and economic assessment as part of a feasibility study.