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Last C$0.28 CAD
Change Today -0.005 / -1.72%
Volume 195.1K
As of 3:58 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

canada carbon inc (CCB) Snapshot

Open
C$0.28
Previous Close
C$0.29
Day High
C$0.29
Day Low
C$0.28
52 Week High
03/4/15 - C$0.32
52 Week Low
12/16/14 - C$0.18
Market Cap
26.6M
Average Volume 10 Days
317.0K
EPS TTM
--
Shares Outstanding
93.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CANADA CARBON INC (CCB)

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canada carbon inc (CCB) Details

Canada Carbon Inc. engages in the acquisition and exploration of mineral properties in Canada. It primarily explores for graphite. The company’s flagship project includes the 100% owned Miller Hydrothermal Lump Vein graphite project covering approximately 100 square kilometers located in the Grenville Township, Quebec. It also holds interest in other graphite properties in Quebec. The company was formerly known as Bolero Resources Corp. and changed its name to Canada Carbon Inc. in October 2012. Canada Carbon Inc. was incorporated in 1985 and is headquartered in Vancouver, Canada.

Founded in 1985

canada carbon inc (CCB) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: C$120.0K
Chief Financial Officer
Total Annual Compensation: C$70.0K
Compensation as of Fiscal Year 2013.

canada carbon inc (CCB) Key Developments

Canada Carbon Inc. Resumes Drilling and Initiates Resource Estimates for Graphite and Marble

Canada Carbon Inc. announced that the Company has already completed 750 meters of diamond drilling on its first 1,500 m drill campaign for 2015. This first campaign of 2015 has two objectives: to expand the currently identified VN6 graphite mineralization, and to provide resource delineation data to define a Resource Estimate for both marble and graphite on the Miller Property. SGS Geostats of Blainville, Québec has been contracted to provide technical advice on the drill program, and to produce a Technical Report which will provide marble and graphite resource estimates based on their findings. The 750 m drilling to-date was completed on the marble units only. In 2014, during drilling in the vicinity of the VN3 graphite showing, wide intersections of white marble were encountered, including 60 m in hole DDH13-10 and 20 m in hole DDH13-13. Each of these holes ended in white marble, with the white marble unit open both at depth and on strike. Other shallow holes in the vicinity also ended in marble. Consultations with dimensional stone industry representatives revealed that the white marble intersections were continuous enough to warrant further evaluation of the quality and size of the marble unit. The current drill campaign will include approximately 1,100 m in a large grid with spacing of 60 m between holes, to determine the size and shape of the marble unit. Additional resource definition drilling will be conducted, if warranted. A large marble block (1m by 1m by 0.5 m) as well as marble core samples, representing both surface and sub-surface marble material, will be polished to evaluate their quality as architectural stone. The Company will also investigate the quality of the marble as dimensional stone and as aggregate stone by performing various specification tests including comparing it to the MG-20 standard used by the Government of Québec. Compilation and modeling of recent 2014 drill data has identified open sub-surface mineralized zones of the VN6 graphite showing. In the initial phase of the current campaign, approximately 400 m is scheduled to be drilled with the intent to extend the known mineralization. Additional resource definition drilling will be conducted, if warranted.

Canada Carbon Inc. Receives Final Report on Successful Miller Pilot Plant Results

Canada Carbon Inc. provided details from the final report on the pilot plant flotation concentration campaign conducted for its 100% owned Miller Hydrothermal Lump Vein Graphite Project located in Grenville Township, PQ. The report both reconfirms and expands upon the preliminary pilot plant results previously reported. This pilot plant campaign was carried out by SGS Metallurgical Services, Lakefield, Ontario as part of the ongoing Miller concentrator flow sheet design process, and to generate flotation concentrate for evaluation by potential off-take partners. The pilot plant metallurgical testing was completed by SGS on a 125 tone composite sample collected from all of the known Miller graphite occurrences, consisting of vein and disseminated graphite mineralized material in order to investigate the possibility of employing a bulk mining method to include the disseminated graphite mineralization, rather than selectively mining the graphite veins. A total of 22 flotation pilot plant trials were conducted between September 8 and October 31st, 2014. The plant operated for 200 hours, with an average throughput of 625 kg/hour. The average total carbon head grade of the pilot plant feed was 7.63% Total Carbon (C(t)), by LECO furnace. The final report indicates that the pilot plant campaign was able to achieve stable graphite concentrate grades, which did not noticeably deteriorate as carbon recovery increased within the tested range of 74.5% to 92.5% carbon recovery. The average final concentrate, including -200 mesh material, graded 95.6% C(t). The very high carbon concentration obtained with a conventional flotation process suggests that the impurities are primarily attached to the surface of the graphite flakes rather than being intercalated between layers of graphite. Prior to commissioning the pilot plant equipment, a representative sub-sample of the bulk sample material was processed at bench-scale. The results of the laboratory-processed sample were later compared to the average pilot plant results. The laboratory test produced a final concentrate with a coarser particle size distribution than did the pilot plant, with 24% more mass reporting to the +80 mesh fraction. However, the grades of each size fraction were similar, as were the final composite sample grades. The report addresses these results by suggesting that the polishing conditions in the pilot plant operation may have been too aggressive, and that a reduced media charge could have yielded a coarser concentrate with comparable grades. However, given that generating a concentrate with a consistently high grade was the primary objective of the pilot plant campaign, relatively conservative conditions were chosen in the cleaning circuit. The final equipment configuration for the pilot plant flotation concentration process was implemented after the 7th trial. Thereafter, adjustments in the reagent concentrations and processing parameters were implemented, to determine the optimal grade and recovery conditions. Over time, a stable concentrate grade with an average value of >95% C(t) combined concentrate grade was achieved, which includes the lower grade -200 mesh size fraction. The results from pilot plant mass balance surveys indicate that the product concentrate grade was not noticeably affected by the carbon recovery within the tested range of 74.5% to 92.5% carbon recovery. For most projects and commodities, the recovery decreases as the concentrate grade increases. However, in the case of the Miller sample carbon recovery of >90% was achieved while maintaining a combined concentrate grade of at least 95% total carbon. All size fractions of 200 mesh and coarser consistently produced concentrate grades of 96% total carbon or higher, with few exceptions. After final equipment configurations were established, and concentrate recovery was seen to be stable, a composite random grab sample was collected during operation of the 10th pilot plant trial (PP-10). The sample was classified by particle size, and assessed by Glow Discharge Mass Spectrometry for carbon purity by Evans Analytical Group (Liverpool NY). All seven particle sizes (>200 mesh) yielded purity values of 99.38% C(t) or higher, and were of nuclear purity (Equivalent Boron Content (EBC) < 5 ppm), by flotation concentration alone. A separate 2 kilogram flotation concentrate grab sample was randomly selected from the same flotation trial, PP-10, and was assessed for carbon purity by GDMS both before and after upgrading by the SGS Canada standard caustic bake procedure. The pre- and post-treatment samples were classified into five particle classes, representing the entire sample. All five upgraded particle classes demonstrated EBC values less than 1 ppm, with a weighted average grade for the entire sample of 99.9925% C(t).

Canada Carbon Inc. Provides Exploration Update

Canada Carbon Inc. provided a report of advances in the development of the Company's business opportunities, as well as an exploration update with respect to recent work done on its 100% owned Miller Hydrothermal Lump Vein ("HLV") Graphite Project. Canada Carbon has initiated cooperative academic research and development programs, partnering with two leading academic institutions in Quebec. Planned mineralogical work includes thin section petrology to be done at the University of Quebec at Montreal. Isotopic aging of various rocks and minerals on the property, modeling of the spatial dispersion of wollastonite, and isotopic analysis of oxygen is also planned at McGill University, to develop a model of the hydrothermal fluid flows responsible for the graphitic mineralization. The PhiSpy results included 21 smaller conductive anomalies, and 3 much larger ones. The large anomalies are, respectively: 120 m by 70 m, 90 m by 49 m, and 43 m by 26 m. Each of these anomalies is larger than the surface footprint of the historic Miller Mine pit; (38 m by 22 m, for comparative purposes). The initial drill campaign, to test Induced Polarization ("IP") geophysical conductors identified in a ground survey in the vicinity of the VTEM airborne survey anomaly E1, began in mid-August. Initially estimated at 400 m, the actual campaign resulted in 441.5 m of diamond drill core recovered from 8 holes.

 

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