Canada Carbon Inc V.CCB

CANADA CARBON TO START SECOND PHASE OF DRILLING

[Betteryear2]

Toronto, Ontario, Canada, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the "Company" or "Canada Carbon” or ("CCB"), (TSX-V:CCB), (FF:U7N1) is pleased to announce it will begin a second phase of drilling on its Asbury Property located in Notre-Dame-du-Laus, Qubec ("NDL"). The Company has entered into a contract with George Downing Estate Drilling, Ltd. to execute the drilling program which is expected to commence on or about October 16th, 2023. Additionally, the Company has mandated SGS to complete a calculation of mineral resources in accordance with National Instrument 43-101 on the basis of its Phase 1 drill results (see news release dated March 27th, 2023). A supplemental note to the mineral resource estimate will be issued upon completion of the Phase 2 drill campaign and the associated assay results. Finally, CCB has initiated a metallurgical testing program which will test the mineralization identified during the Phase 1 drill program. The metallurgical testing will provide information for a Preliminary Economic Study, to commence upon completion of the resource calculation.

CANADA CARBON TO START SECOND PHASE OF DRILLING ON ITS (globenewswire.com)

[thadeush]

This is is positive news in that it means that the project is continuing in anticipation of the eventual permit approval. Might get a little daytrader bump Monday like the last news or might not. But progress continues and that's a good thing...while we wait.