CKR Receives Renewal of Exclusive Prospecting License in Namibia
Vancouver, BC (FSCwire) - CKR Carbon Corp.. (“CKR” or the “Company”) (TSX-V: CKR) (CB8–FRANKFURT) (CBULF – USA) is pleased to announce that the Ministry of Mines and Energy Namibia has renewed Exclusive Prospecting Licence No: 3895 that covers the Aukam Graphite Deposit in southern Namibia.
The initial renewal application was made by our Namibian partners on March 13, 2015 and the license has been renewed until March 13, 2017. CKR will make an application for a Mining license, on behalf of the joint venture, prior to expiry of the prospecting license.
The Company also announces that, as required under its Letter of Intent (see News Release dated, March 16, 2016), a 1.6 tonne sample has been delivered to the producer in order for it to test the material in its plant. Under the terms of the LOI, up to 5,000 metric tonnes of graphitic material grading between 40 and 50% Cg (carbon as graphite) will be delivered over the course of the next year, with a first shipment of between 2,000 and 3,000 tonnes of graphitic material made during July 2016.
The technical content of this news release was approved by Roger Moss, Ph.D., P.Geo a qualified person as defined by National Instrument 43-101.
About the Aukam Project
CKR has an option to acquire an initial 63% in the Aukam graphite project from Next Graphite. The project is located on 96,000 acres in southern Namibia close to the port city of Luderitz. The property hosts three underground adits which were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property and 73 samples from the lower three dumps were assayed and averaged 42% Cg.
About CKR Carbon Corporation
CKR Carbon Corp. is focused on high quality natural graphite suitable for use in lithium-ion batteries and graphite foil. We only select projects requiring small capital and a short time to market. The company is listed on the TSX Venture Exchange under the symbol CKR and has 23.7 million shares outstanding.
For more information: visit the website at www.ckrcarbon.com or contact:
Roger Moss, CEO, +1 416-704-8291 E-mail inquiries: info@ckrcarbon.com
For graphite product enquiries:
Arno Brand, Boswell Projects, +1 416-561-4095 abrand@boswellprojects.com
“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).
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/CKR05052016.pdf
Source: CKR Carbon Corp. (TSX Venture:CKR) http://www.ckr-carbon.com/
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