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Gold/Mining/Energy : CCB vs ZEN truth board
ZEN.V 1.050+1.0%3:59 PM EST
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From: helo46/7/2017 10:36:27 PM
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From Stockwatch

Bruce Duncan's Canada Carbon Inc. (CCB), down 1.5 cents to 18.5 cents on 124,000 shares, will start drilling at its Miller graphite project in just over a week. The 3,000-metre program is designed to increase the confidence in the resource model beyond the boundaries of the current indicated resource. Mr. Duncan, executive chairman and CEO, says that Canada Carbon will produce an updated resource estimate once the drilling is complete and the assays are in. The company is primarily looking to expand the near-surface indicated resource, which could allow it to shrink its open-pit plan and still maintain its projected graphite production and revenue. As well, the company will be drilling to gain more knowledge about the continuity and quality of the white marble that is also present at Miller.

Canada Carbon's retail shareholders are fixated on Miller's graphite but Mr. Duncan limited his quotes to the white marble, which he says has sparked interest in the dimensional stone industry because of its unique characteristics. He says that the marble has excellent colour and appearance, is easy to work and polishes to a high lustre. Mr. Duncan has already polished his marble promotion to a high lustre through a preliminary economic assessment completed early last year. The study projected Miller's life-of-mine revenue at $550-million, with the marble accounting for about $220-million of that amount based on a price of $184 per tonne.
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