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canada carbon inc (CCB) Snapshot

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canada carbon inc (CCB) Details

Canada Carbon Inc., a junior natural resource company, engages in the acquisition and exploration of mineral properties in Canada and the United States. It primarily explores for graphite, gold, coppers, and rare earth element properties. The company owns a 100% interests in a 38 graphite mineral claims covering an area of approximately 4,990 hectares located in Maria Township, Canada; and a 100% interest in rare earth element prospect consisting of 211 mineral claims covering an area of approximately 90,000 hectares located in northern British Columbia. It also holds 100% interests in the Red Chris South prospect covering an area of approximately 13,000 acres in north-western British Columbia; 12 quartz claims covering an area of 6,500 acres in the White Gold District/Stewart River Area of the Yukon; and the Asbury Graphite mine that consist of 2 claims located to the northeast of Notre-Dame-du-Laus. The company was formerly known as Bolero Resources Corp. and changed its name to Canada Carbon Inc. in October 2012. Canada Carbon Inc. was incorporated in 1985 and is headquartered in Vancouver, Canada.

Founded in 1985

canada carbon inc (CCB) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: C$120.0K
Chief Financial Officer
Total Annual Compensation: C$70.0K
Compensation as of Fiscal Year 2013.

canada carbon inc (CCB) Key Developments

Canada Carbon Inc. Provides Preliminary Update on the Results of Pilot-Scale Flotation Processing

Canada Carbon Inc. provided a preliminary update on the results of its pilot-scale flotation processing at SGS Canada Inc. (SGS) of graphitic material from its 100% owned Miller graphite property. The primary objectives of the pilot plant operation are to generate larger quantities of graphite flotation concentrate for downstream evaluation, and to provide process data to facilitate future engineering studies, including a PEA. Under the guidance of Mr. Oliver Peters, M.Sc., P.Eng, MBA, (Consulting Metallurgist for SGS and Principal Metallurgist of Metpro Management Inc.), the decision was made to submit a large sample of lower grade graphitic material from the Miller site to determine if the results previously obtained in bench scale testing of the 50 kg sample of higher grade material could be replicated with the lower grade material. This decision was made to investigate the possibility of employing a bulk mining method to include the disseminated graphite mineralization rather than just mining the graphite veins selectively. The current head grade of the bulk sample for which these preliminary results are given is approximately 8% C(t). Canada Carbon will be submitting a higher grade of graphitic material at a later phase of the pilot-scale flotation processing program. Mechanical and metallurgical commissioning of the 500 kilograms per hour (kg/h) flotation pilot plant at the SGS Lakefield site commenced on September 8th, 2014. During this commissioning period, process grab samples were collected intermittently to facilitate the optimization of the metallurgical performance. The +48 mesh, +65 mesh, and +80 mesh product sizes of a pilot plant grab sample were submitted for a GDMS analysis by Evans Analytical in Syracuse, NY. While these results were generated from circuit grab samples during pilot plant commissioning and do not represent comprehensive survey samples, they confirm that the very high graphite concentrate grades obtained with the 50 kg bulk sample can be replicated on a pilot plant scale processing 500 kg/h. Initial 25 Tonne Bulk Sample, Pilot Plant-Scale Flotation Optimization: An initial 25 tonne sample was selected for purposes of commissioning the pilot plant equipment at SGS Canada (Lakefield). This sample was composed of graphitic material from multiple sites, selected by visual examination. Approximately 5 tonnes of the material (20% of the bulk sample) were comprised of metre-scale graphitic blocks excavated during the trenching over the VN1 and VN2 showings, which lie about 150 metres ("m") west of the Miller pit. A further approximate 5 tonnes (20%) of the material were comprised of 0.3-1 m graphitic blocks excavated during the trenching over the VN3 showing, which lies about 500 m to the south-east of the Miller pit. The remaining approximate 15 tonnes (60%) were obtained from the historic Miller stockpiles; hand-sorting and mechanical removal of gangue mineralization yielded blocks of 0.15-1 m dimensions. Approximately 50% of this material was consumed during mechanical commissioning of the pilot plant circuit and the remaining material was blended with the 102 tonnes sample described below once it was received at the SGS Lakefield site. 102 Tonne Bulk Sample, Pilot Plant-Scale Flotation Optimization: This second bulk sample was comprised of graphitic blocks which were visually estimated to have graphite concentrations of 5% or more, intended to be representative of the lower grade material present on the property. Approximately 61 tonnes of the material were obtained from the historic Miller stockpiles. A further 26 tonnes (approximate) were provided by blocks excavated during trenching over the VN6 showing. The remaining 15 tonnes (approximate) were provided by blocks excavated during trenching over the VN4 showing. Block sizes ranged from 10 cm to 2 m. The VN4 and VN6 showings were discovered this summer during basic prospecting activities. Both showings lie about 350 m south-east of the Miller pit, between VN3 and Miller. The VN4 showing consists of graphite veins similar to those at VN3. VN6 represents a new style of mineralization, in which the graphite replaces marble horizons, resulting in multiple layers of graphitic marble bands.

Canada Carbon Inc. Begins Pilot-Scale Processing of Graphite Material from its Miller Graphite Property

Canada Carbon Inc. announced that it has begun pilot-scale processing of graphite material from its 100% owned Miller graphite property. The primary objectives of the pilot plant operation that commenced at SGS Canada (Lakefield) during the week of September 7th, 2014, are to generate larger quantities of graphite flotation concentrate for downstream evaluation, and to provide process data to facilitate future engineering studies. An initial 25 tonne composite was shipped to SGS Lakefield in mid-August 2014 for commissioning purposes. Wet commissioning of the pilot plant using the Miller flotation process developed by SGS commenced on September 7, 2014 and is expected to be completed within 5-7 operating days. Initial commissioning focused on the primary grinding and flotation circuit. This circuit aims to recover the majority of the graphite into a higher grade intermediate concentrate, which is then further upgraded in a cleaning circuit. Once mechanical and metallurgical commissioning is completed, the plant will be operated for up to 200 hours to generate several tonnes of graphite concentrate, and will also provide plant data to support the generation of process design criteria for a full-scale graphite mill.

Canada Carbon Provides Update on its Exploration Program

Canada Carbon Inc. announced that trenching over the VTEM E1 target Induced Polarization anomalies has revealed graphite mineralization in the southern area of the geophysics grid. The discoveries suggest a high potential for the extension of the conductor and chargeability anomalies beyond the original boundaries of the IP grid. The IP grid was extended to the northeast, northwest, and southeast, more than tripling the area of the survey, to now exceed the area of the original VTEM target. The second IP survey started on July 17, 2014 and was completed on July 22, 2014. The Company received geophysical maps and recommendations on July 29, 2014, and began a new trenching program on July 30, 2014 to verify the anomalies generated by the extended IP survey. The geological data generated from the trenching programs will be utilized, in conjunction with the IP responses, to select targets for a drill program which is expected to begin shortly. Following the first IP survey on the VTEM E1 anomaly, trenching and/or stripping was done over the four main IP anomalies to reveal the bedrock structures over the geophysical anomalies, ideally providing geological confirmation of the possible physical sources of the IP responses. Disseminated graphite was found in most of the exposures, and drilling will be necessary to find the anomalies sources. The most interesting results was provided by a trench over anomaly E1-6 on Line 0, where multiple graphite veins were found over a 1 metre width within a graphitic skarn. The skarn can be followed over the trench length of 15 m, extending towards the south-east, and beyond the geophysical grid. Twenty metres on-strike from the southeast extension of the skarn, and also outside of the initial IP grid, a former exploration pit was discovered which showed graphite vein mineralization. It does not appear as if any of this graphitic material was removed from the area, as the pit is surrounded by piles of graphite-containing blocks. Additionally, a 20 centimetre block of lump graphite was discovered south of the initial geophysical grid. In the immediate area of the block, a subcrop of marble, pegmatite and graphitic skarn was discovered, which is similar to the mineralization of the historic Miller Mine. IP anomaly E1-6, on Line 0, was modelled as lying at 20 to 30 m depth. For that reason, the bedrock graphite vein discoveries revealed by trenching there were somewhat unanticipated. These veins of graphite would strongly suggest that a graphite rich body is the source of the anomaly at depth. Because the modelled chargeability axis E1-6 crossed the entire 150 m width of the original IP grid, and remained strong at the boundaries, the company decided to extend the geophysical grid towards the NW and SE to gather further data on the open extensions of the targets. Additional survey lines were also placed at the NE extension of each previous IP line to better define the strong anomaly E1-8. Trenching is being carried out over the new anomalies to quickly find surface indicators that can be associated with the anomaly sources. The trenching program primarily targets extensions to anomalies E1-4, E1-6, E1-7 and E1-8 that are continuous over most of the grid area. On the southeast portion of the second IP survey, the E1-4 and E1-6 anomalies connect together to form a large anomaly that will be a prime target for drilling. Any graphite mineralization which is discovered will be subject to channel sampling and assaying. The Company is currently selecting collar locations for a Phase 1 drill program that will test the most significant anomalies generated by both of the IP surveys. A minimum of 400 m of drilling in 7 different drill holes has already been selected based on the IP and trenching results.

 

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