The phase I program consists of a geological mapping of the mine pit coupled with a geophysical survey of the surroundings for the detection of potential veins.

Further, the MaxMin electromagnetics geophysical survey is planned to cover 6.5 km of survey line over a total 0.3 square kilometer area surrounding the Miller graphite mine pit in the direction of the known vein’s south and north extension, the company stated.

Commenting on the developments, Canada Carbon interim president and CEO R. Bruce Duncan stated that the company, with this exploration program, is keen to further explore the mine.

"We are encouraged by our recent sample results showing up to 80.1% Cg and believe that the upcoming exploration on Miller will demonstrate the potential to be the only known Sri Lanka type lump vein deposit in North America," added Duncan.

Meanwhile, the company is seeking anomalous EM responses in the direct south and north extension of the mine pit that could be related to the past mined graphite veins system to determine the size of the Miller mine vein system close to surface.

In addition, geophysical results will help the Canada Carbon to spot the location and extension at depth of any other graphite veins present in the area.

The results from phase I exploration will be used to organize a phase II drill program to test the potential exploration targets.