Mr. Adrian Hobkirk reports
LAB PROJECT GRAPHITE ASSAY RESULTS RETURN HIGH GRADES
Codrington Resource Corp. has released results from
the sample program at the LAB (Lac Aux Bouleaux) project in Quebec. Six surface grab rock samples, each weighing about 10 kilograms, were collected in May, 2015, to determine graphite content, and
the metallurgical behaviour of the mineralized calc-silicate and paragneiss rocks, whereas four grab
rock samples were taken from the country rock to determine the background graphite values in
other rocks. Results from the six mineralized samples returned high carbon graphite (Cg)
values of 23.8 per cent Cg, 18.4 per cent Cg, 16.6 per cent Cg, 16 per cent Cg, 15.9 per cent and 13 per cent Cg, with an average grade of 17.2 per cent
Cg. The four country rock samples assayed 1.53 per cent Cg, 0.55 per cent Cg, 0.26 per cent Cg and 0.02 per cent Cg for an average of
0.59 per cent Cg.
The assay work was completed by SGS Canada Inc. of Burnaby, B.C., which is an independent ISO-certified laboratory, and has its own quality assurance and quality control protocols. The
analytical methods that were used to determine the results included double loss on ignition
analysis and total carbon analysis by Leco using IR. SGS is completing metallurgical
testing of a composite sample prepared by blending six mineralized samples, through flash
floatation, light grinding and cleaning, to produce a graphite concentrate. The metallurgical results
are expected within the next two weeks.
All sampling was completed by and under the supervision of Martin Ethier, Geo (No. 1520), who
is a member of the Order of Geologists of Quebec and a qualified person under National Instrument 43-101.
"Management is very satisfied with the results of the sample program, and is looking forward to
the completion of further metallurgical testwork by SGS. This testwork will determine the quality
of graphite mineralization and its best potential market," said Adrian Hobkirk, president and chief executive officer of
Codrington.
The property is located in a very active graphite exploration and production area, and is
contiguous to the south to Timcal's producing (Imerys Graphite and Carbon mine) Lac des lles
graphite mine in Quebec. A total of 25,000 tonnes of graphite was produced in North America in
2013, with the majority of this production coming from the Timcal mine (source: United Sates
Geological Survey "graphite" by Donald W. Olson). Government reports of graphite production
typically lag the market by two years. Location of Timcal's mine adjacent to the north of the LAB
project was confirmed during the recent property sample program of May, 2015. The claims are
road-accessed, with water, power and technical support available locally.
The sample assay results and other sampling details are provided in the attached table.
GRAPHITE MINERALIZED SAMPLES
Graphitic
carbon (Cg) Sample
Sample ID Description (%) type
Dark grey to brown calcareous gneiss
with mica around 15 to 20 per cent
flake graphite in shear zone, flake Outcrop
21403 size one to two millimetres 16.60 grab sample
Outcrop
21404 Same as above 23.80 grab sample
Brown weathered gneiss with calcacerous
material, around 10 to 15 per cent Outcrop
21405 flake graphite, some mica and sulphides 16.00 grab sample
Dark grey micaceous gneiss, Historical
medium- to coarse-grained, 10 to 15 drill collar,
21409 per cent graphite 13.00 boulder sample
Dark grey to grey marble with mica,
15 to 20 per cent graphite surrounded Outcrop
21411 by weathered micaceous gneiss 18.40 grab sample
Outcrop
21412 Same as above 15.90 grab sample
Average graphite content 17.28
COUNTRY ROCK SAMPLES
Graphitic
carbon (Cg) Sample
Sample ID Description (%) type
Reddish brown semitic gneiss with garnet, Outcrop
21406 medium- to coarse-grained, trace graphite 0.55 grab sample
Outcrop
21407 Brown calcareous gneiss with mica, trace graphite 0.02 grab sample
Dark grey to brown granitic gneiss, Outcrop
21408 coarse-grained with about 8.2 per cent graphite 1.53 grab sample
Dark grey to brownish felsic gneiss, Outcrop
21410 trace graphite 0.26 grab sample
Average graphite content 0.59
The preparation of this news release was supervised and approved by Martin Ethier, Geo (No. 1520), who is a member
of the Order of Geologists of Quebec and a qualified person under National Instrument 43-101, and Afzaal Pirzada, who is a member of
the Association of Professional Engineers and Geoscientists of British Columbia with licence No. 28657.
We seek Safe Harbor.
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