The three of four electromagnetic (EM) conductors, which are confirmed and remain open along strike, have a strike length over 700m while the fourth conductor has a striking length of over 600m.

Caribou King Resources CEO and director Michael England said that the Mulloy property continues to exhibit a great potential for significant graphite mineralization.

"Just as we expected from our earlier reconnaissance geophysics, the EM conductors are much larger than initially indicated, with a good correlation between conductivity and non-magnetic character expected for graphite mineralization," England added.

"Our drill permits are expected shortly, we have a drill ready, and most importantly, we have road access directly to our drill targets."

The Mulloy graphite project covers 5,693 contiguous hectares.