Earlier this week, Caribou King Resources and Constance Lake First Nations signed exploration agreement to continue exploration at Mulloy and anticipates that 2014 drilling will begin shortly.
Caribou King Resources CEO and director Michael England said the company’s recent fieldwork established a broad corridor with multiple EM conductors at Mulloy project.
"When you combine that with the historic graphite discovery by Shell Canada and recent discoveries in the area by Zenyatta, we feel there is considerable potential for Caribou to make a drill discovery at Mulloy," England added.
"Caribou King is actively exploring all of our highly prospective graphite properties, several of which are in close proximity to historic and operating graphite mines."
