12:55 PM EDT, 03/18/2024 (MT Newswires) -- Up 20%, Canada Carbon Inc. ( BRUZF ) announced Monday it has received results from the Fall 2023 drilling program completed on the eastern part of its Asbury Property, located in Notre-Dame-du-Laus, Que.

These results consist of 909 core samples that showed graphite mineralization.

The 2023 program consisted of 13 diamond drill holes totalling 2,457 metres, aimed to test depth and lateral extensions of known mineralization in the north-eastern area of the property and to probe the new conductor anomalies found along the interpreted mineralized corridor that connects the historical Asbury mine site to the current area.

The interpreted corridor hosts multiple conductors and VTEM anomalies, and also extends approximately five kilometres from the historical Asbury mine to the northeast. Historical mining operations extracted 875,000 tons of graphite at a 6 %(Cg) cut-off grade.

Chief Executive Officer, Ellerton Castor, said in a statement: "We're working on significant conductors that connects the currently investigated area to the historical Asbury mine, where commercial graphite production was achieved. The current program was located approximately 4 km from the Asbury mine and the conductor anomalies clearly connect the two extremities of the Asbury claim area. The company believes that these results support our view that there is significant graphite mineralization that extends between the two extremities of the property and explain the conductor anomalies."

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