The property comprises graphite mineralization in a zone 15m wide, and has completed historical drilling and trenching over a strike length of 250m.
Caribou King Resources CEO and director Michael England said the company is developing a work program to follow up on the historical graphite drilling discoveries and expand on known graphite mineralization.
"Caribou also anticipates the timely commencement of a drill program on our 100% owned Mulloy graphite property following the recent discovery of numerous conductors throughout the property," England added.
Covering 359 contiguous hectares, the Montpellier property comprises graphite mineralization associated with the highly metamorphosed sedimentary rocks of the Grenville geological sub-province.
