The previous hole that showed 90% of visible Graphiteat the Mulloy Project is a fantastic drill hole. 38.46 meters or over 135 Ft.
If we can prove up that hole with this drilling CKR will fly. Hit anymore graphite in the other holes and a mine could be easily attained. Results should be soon
Trading Halt - I hope.
England has already got the agreement signed in January with the first nations as per below.
January 27th, 2014, VANCOUVER, B.C. – CARIBOU KING RESOURCES LTD. (“Caribou” or the “Company”) (TSX-V: CKR) (CB8–FRANKFURT) is pleased to announce it has signed an exploration agreement with Constance Lake First Nation for the continued exploration on its Mulloy Graphite Project, located ten kilometers west of the Zenyatta Ventures Ltd. (TSX-V: ZEN) Albany graphite project in Ontario.
The exploration agreement allows for compensation to CLFN for cultural and environmental impacts and includes the issuance of 400,000 CKR common shares on signing and the issuance of 200,000 common share purchase warrants on the first to the third anniversary dates (subject to regulatory approval). The agreement also allows for local work opportunities and business ventures, and for continued consultation on land use issues.
Commented Constance Lake First Nation: “Council is pleased to move forward with Caribou on developing the Mulloy graphite property. Caribou has shown a commitment to work with our community while demonstrating respect of our people, lands and way of life.