RE:News tomorrow or MondayRemeber this news release from September 19th?
Drilling
Canada Carbon conducted drilling over late July and early August, with the objective of testing the depth and lateral extent of the various veins. The results show that the graphitic vein system extends to a depth of at least 39 m beneath the VN2 surface occurrences. Drillhole DDH13-04 intersected visual graphite over 1m at a depth of 22 m under VN2 while drillhole DDH13-03 intersected graphite mineralization 39 m beneath VN2, with visual graphite associated with wollastonite over 1 m, within a 4 m interval of graphite and wollastonite. Small graphite veins occur throughout all of the drill cores.
Drilling indicates that the mineralization is easily followed between surface and depth. A second graphitic unit was intersected in DDH13-04, at an estimated depth of 33 m, with 1.3 m of graphite in pegmatite and wollastonite. The same hole intersected a 10 centimetre (“cm”) graphite vein at 40 m depth. Other exploration holes intersected small graphite veins or disseminations while testing the SSW extension of VN1 and VN2 but subsequent trenching reveals a NE alignment of individual graphite pods, following the marble-paragneiss contact. Core logging and sampling was done and the first batch of samples was sent to Actlab (Ancaster, ON), with results expected in the following two weeks.
I wouldn't be surprised if the market as a whole was expecting these reults this week. Would explain the nervous.