CANADA CARBON COMPLETES THIRD DRILLING CAMPAIGN ON ASBURY GRAPHITE PROPERTY
Original announcement by tmx on
- Company
- Canada Carbon Inc.
- Ticker
- CCB
- Exchange
- TSX
- Region
- Quebec
- Primary commodity
- Graphite
- Secondary commodities
- None reported
- Document categories
- Drill results, Resource update
- Extracted
- 2026-09-17 15:23:37 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Canada Carbon Inc. has completed its third drilling campaign at the Asbury Graphite Property in Quebec, totaling 2,517 meters. The company intends to use this data for an upcoming NI 43-101 resource update and a pre-feasibility study due by June 2026.
Reasoning: The company completed a drilling campaign to support future resource and PFS work, though actual drilling was less than planned. It also restates historical resource and drill results.
Positive factors
- Completion of third drilling campaign
- Ongoing de-risking activity
- Plans for NI 43-101 resource update and PFS
Negative factors
- Planned drilling meters (5,200m) significantly exceeded actual meters completed (2,517m)
Facts used in scoring: 5
Classification and evidence
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The campaign is described as ongoing de-risking activity to update a resource report.
Evidence · text
“this campaign will provide the company with over 7,500 meters of core samples which will continue its ongoing de-risking activity at Asbury.”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release names a Qualified Person (Maxime Dupere, P.Geo, OGQ) who reviewed and approved the technical information.
Evidence · text
“This press release was prepared by Maxime Dupere, P.Geo, OGQ a “Qualified Person” as defined under National Instrument 43-101”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The maiden resource estimate reported is entirely in the inferred category.
Evidence · text
“reported an inferred resource of 4.14 Mt with an average grade of 3.05% Cg”
Extracted facts
Stored fact records: 5. Some facts used in scoring do not have a stored record.
Drill Results (4)
Fact 1Asbury · graphiteGrade: 12.25Grade Unit: %Intercept: 22.5 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Asbury
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- CCB
Geometry
- Grade
- 12.25
- Grade Unit
- %
- Intercept
- 22.5 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2024-03-18T00:00:00.000Z
Dates
- Event date
- 2026-01-28T00:00:00.000Z
Reasoning: Historical high-grade intercept from Fall 2023 campaign.
Positive factors
- High grade intercept
Evidence · text
“12.25%Cg over 22.50 m (see Press Release dated March 18 th , 2024)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
DDH-AS22-07Asbury · graphiteGrade: 9.21Grade Unit: %Intercept: 7.25 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- DDH-AS22-07
- Project
- Asbury
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- CCB
Geometry
- Grade
- 9.21
- Grade Unit
- %
- Intercept
- 7.25 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2023-02-15T00:00:00.000Z
Dates
- Event date
- 2026-01-28T00:00:00.000Z
Reasoning: Historical intercept from Fall 2022 campaign.
Positive factors
- Significant width
Evidence · text
“9.21% over 7.25m in hole DDH-AS22-07”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Fact 3Asbury · graphiteGrade: 5Grade Unit: %Intercept: 33.5 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Asbury
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- CCB
Geometry
- Grade
- 5
- Grade Unit
- %
- Intercept
- 33.5 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2023-02-15T00:00:00.000Z
Dates
- Event date
- 2026-01-28T00:00:00.000Z
Reasoning: Historical intercept from Fall 2022 campaign.
Evidence · text
“5% Cg over 33.5m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Fact 4Asbury · graphiteGrade: 8.57Grade Unit: %Intercept: 13.5 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Asbury
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- canada_qc
- Ticker
- CCB
Geometry
- Grade
- 8.57
- Grade Unit
- %
- Intercept
- 13.5 m
Classification
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2023-02-15T00:00:00.000Z
Dates
- Event date
- 2026-01-28T00:00:00.000Z
Reasoning: Historical intercept from Fall 2022 campaign.
Evidence · text
“8.57% (Cg) over 13.5m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Resource Estimates (1)
inferredAsbury Graphite Property · graphiteTonnes: 4140000Grade: 3.05Grade Unit: % CgHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Asbury Graphite Property
- Commodity
- graphite
- Region
- canada_qc
- Reported Region
- Quebec
- Ticker
- CCB
Resource scope
- Estimate type
- resource
- Resource group id
- resource:eeb3d5764f700f5826ef
Resource Data
- Category
- inferred
- Tonnes
- 4140000
- Grade
- 3.05
- Grade Unit
- % Cg
- Cutoff Grade
- 1
- Cutoff Unit
- % Cg
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-30T00:00:00.000Z
Dates
- Event date
- 2026-01-28T00:00:00.000Z
Reasoning: Restatement of maiden resource from May 2024.
Evidence · text
“reported an inferred resource of 4.14 Mt with an average grade of 3.05% Cg... (see press release dated May 30th, 2024)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.