VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 8, 2015) – CARIBOU KING RESOURCES LTD. (“Caribou” or the “Company”) (TSX VENTURE:CKR)(FRANKFURT:CB8)(OTCBB:CBULF) is pleased to announce the delivery of 1,000 kilograms of samples from the Aukam graphite project to Lilhof Enterprises (“Lilhof”), formerly Gecko Laboratories of Swakopmund, Namibia.
The test samples were taken as part of a 25 tonne bulk sampling program from the lower adit at the Company’s Aukam project. These samples are believed to be representative of the product found within the underground adit.
The specific methods used by Lilhof to test the samples are as follows:
Crushing and grinding to 218 Microns
Drying and particle size analysis
The lab will prepare 80 kilograms of processed product which Caribou will distribute to end users for them to test the graphitic product for use in their added value manufacturing applications. It is expected that the end users will advise Caribou on specifications required.
Grade tests will also be conducted on 84 sub-samples to provide an accurate assessment of the purity and grade of the graphite.
The test program is expected to take about 4 weeks.
Caribou King has an option to acquire an initial 63% in the Aukam graphite project located on 96,000 acres in southern Namibia (see PR dated July 23, 2015). The property hosts three underground adits which were mined periodically between 1940 and 1974 and produced a recorded total of 26,740 tonnes of lump graphite. The high-quality, vein-type graphite (also known as lump graphite) is hosted within a shear zone in which underground mine workings show well-mineralized structures that are believed to continue down-dip.
The technical contents of this release were approved by Dr. Roger Moss, Ph.D, P.Geo. and a Qualified Person as defined by National Instrument 43-101.
Caribou King Resources Ltd. (TSX VENTURE:CKR) is a publicly-traded, Canadian junior exploration company that holds a portfolio of highly prospective graphite projects at various stages of exploration and assessment.
For more information, visit the website at www.caribouking.com.
On Behalf of the Board of Directors,
CARIBOU KING RESOURCES LTD.
Michael England, Director
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
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).