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Canada Carbon Initiates Second Phase of Drilling on Asbury Property

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Canada Carbon Initiates Second Phase of Drilling on Asbury Property

Canada Carbon Inc. (CCB) is pleased to announce the commencement of the second phase of drilling on its Asbury Property located in Notre-Dame-du-Laus, Québec. The company has contracted George Downing Estate Drilling, Ltd. to execute the drilling program, which is set to begin on October 16th, 2023. In addition, CCB has mandated SGS to complete a calculation of mineral resources based on the Phase 1 drill results, with a supplemental note to be issued upon completion of the Phase 2 drill campaign. Furthermore, CCB has initiated a metallurgical testing program to assess the mineralization identified during the Phase 1 drill program.

The Second Phase of Drilling

The Phase 2 drill program is expected to cover a depth of 3,000 to 4,000 meters and will commence on October 16th, 2023. The company has obtained an extension of the forest intervention permits, allowing the use of already permitted drill pads and trails. The program will consist of approximately 1,800 meters of drilling on existing pads, with the remaining portion to be completed upon receipt of new permits. CCB aims to complete the program by the end of the calendar year 2023.

Metallurgical Testing Program

CCB plans to conduct a metallurgical testing program in collaboration with SGS to evaluate the performance of graphite concentrate produced from the Asbury property. Three bulk samples will be tested, including low-grade and high-grade mineralization from the previous drill program, as well as mineralization from the historical Asbury mine site. The results of these tests will provide valuable insights into the geochemical consistency of the mineralization across the property. In conclusion, the second phase of drilling and the metallurgical testing program mark significant progress for Canada Carbon's Asbury Property. These initiatives will contribute to the de-risking effort and provide valuable data for the development of the project.

Implications of Canada Carbon's Second Phase of Drilling for New Businesses

The announcement by Canada Carbon Inc. regarding the initiation of the second phase of drilling on its Asbury Property in Québec provides valuable insights for new businesses, particularly those in the mining and exploration sectors. The company's systematic approach to exploring and evaluating the potential resources of the property underscores the importance of strategic planning and rigorous data analysis in business operations. The decision to conduct a second phase of drilling, covering a depth of 3,000 to 4,000 meters, demonstrates a commitment to thorough exploration and a willingness to invest in long-term goals. This is a key lesson for new businesses: the importance of investing in comprehensive research and development to fully understand and maximize the potential of their resources. Furthermore, Canada Carbon's collaboration with SGS for a metallurgical testing program highlights the value of strategic partnerships in business. By leveraging the expertise of SGS, the company aims to gain valuable insights into the geochemical consistency of the mineralization across the property, which will inform future development plans. In conclusion, Canada Carbon's strategic approach to the exploration and evaluation of the Asbury Property offers valuable lessons for new businesses in strategic planning, investment in research and development, and the power of strategic partnerships.
Story First Published at: https://financialpost.com/globe-newswire/canada-carbon-to-start-second-phase-of-drilling-on-its-asbury-property
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