September 7, 2017, TORONTO, ON – CKR Carbon Corporation. (“CKR” or the “Company”) (TSX-V: CKR) (CB81–FRANKFURT) a vertically integrated graphite to graphenes, advanced materials development company is pleased to announce that the Namibian Minister of Mines and Energy has approved the renewal of Exclusive Prospecting License (EPL) 3895 for a period of two years until April 3, 2019.
The renewed license covers an area of 27,870 hectares (278.7 square kilometres) over the historical Aukam vein graphite mine in southern Namibia. Recent work by the Company over the past two years has led to a better understanding of the quality and distribution of the graphite mineralization at Aukam. In particular exploration has demonstrated significant potential for expansion of the mineralization outside the old workings.
Recent surface sampling of graphite occurrences has resulted in assays of 1.96% Cg (carbon as graphite) to 43.01% Cg from 22 samples of disseminated graphite, vein graphite and mineralized zone (see Table below). The graphite occurrences were taken from over approximately 200m within a larger east-west zone of 500 metres of disseminated graphite. This zone broadly corresponds to a 700 metre long electromagnetic anomaly delineated earlier this year (see news release dated January 18, 2017). Sampling is ongoing to fully delineate the potential of the graphite mineralization at Aukam.
“We are pleased to receive the approval of the Minister for the renewal of the EPL and thank the Minister and his staff at the Ministry of Mines and Energy for the vote of confidence that the approval represents,” said Roger Moss, Chief Executive Officer of CKR Carbon. “We intend to aggressively move the Aukam project ahead for the benefit of our shareholders, local stakeholders and the people of Namibia.”
Summary of assay results of surface samples.
Channel lengths do not represent true widths. Composite grab samples are not necessarily representative of the graphite mineralization on the property.
Samples were placed in a plastic sample bag along with a sample tag. Bags were sealed with a single use tie. All samples were securely stored prior to shipping toTEA-Lab in Swakopmund. Samples were crushed by hammer and jaw crusher to 2mm and split before milling to < 200 microns for thermo-gravimetric analysis. The company routinely submits duplicates and blanks with sample batches to monitor the quality of the assays.
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 Aukam Project
The Aukam property covers a past producing vein graphite deposit and associated graphite occurrences. CKR owns a 63% interest in the property and is currently undertaking technical studies to support an application for a mining license. The company maintains high safety and environmental standards and has a comprehensive strategy of social engagement.
For more information: visit the website at www.ckr-carbon.com or contact: Roger Moss, CEO, +1 416-704-8291 E-mail inquiries: rmoss@ckr-carbon.com For graphite product enquiries: Arno Brand, +1 416-561-4095 abrand@boswellprojects.com
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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).
