Zenyatta Drilling Yields More Significant Results from East Pipe and Intersects Wide Zones of Graphite Mineralization on West...
31 Luglio 2013 - 3:10PM
Marketwired Canada
Editors Note: There is an image associated with this press release.
Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased to
announce the following significant graphitic carbon ("Cg") assay results from
holes 16 - 24 drilled on the East Pipe of the 100% owned Albany (Hydrothermal)
Graphite Deposit, located in northern Ontario, Canada.
The East Pipe graphite mineralization is oval-shaped with dimensions of
approximately 150 metres ("m") in a NE-SW direction by 300 m in a NW-SE
direction and to a depth of 500 m. It is showing good vertical continuity and
remains open at depth. The East Pipe consists of a higher grade core of
graphitic breccia which is typically surrounded by a broad halo of graphite
overprinted granite.
-- Hole 24 yielded 150.6 m @ 4.8% Cg from 61.0 m to 211.6 m within a wider
intersection of 191.0 m of graphite mineralization grading 3.8% Cg from
61.0 m to 252.0 m.
-- Hole 23 yielded 96.3 m @ 5.3% Cg from 83.0 m to 179.3 m within a wider
intersection of 179.0 m of graphite mineralization grading 3.1% Cg from
62.0 m to 241.0 m.
-- Hole 22 yielded 137.0 m @ 5.0% Cg from 63.0 m to 200.0 m within a wider
intersection of 198.0 m of graphite mineralization grading 3.5% Cg from
63.0 m to 261.0 m.
-- Hole 21 yielded 140.6 m @ 4.8% Cg from 89.0 m to 229.6 m within a wider
intersection of 228.0 m of graphite mineralization grading 3.1% Cg from
63.0 m to 291.0 m.
-- Hole 20 yielded 128.0 m @ 5.5% Cg from 61.0 m to 189.0 m within a wider
intersection of 241.5 m of graphite mineralization grading 3.1% Cg from
61.0 m to 302.5 m.
-- Hole 19 yielded 110.0 m @ 4.2% Cg from 66.0 m to 176.0 m within a wider
intersection of 176.0 m of graphite mineralization grading 2.7% Cg from
66.0 m to 242.0 m.
-- Hole 18 yielded 154.0 m @ 4.8% Cg from 133.0m to 287.0 m within a wider
intersection of 258.0 m of graphite mineralization grading 3.1% Cg from
101.0 m to 359.0 m.
-- Hole 17 yielded 67.2 m @ 3.0% Cg from 322.0 m to 389.2 m within a wider
intersection of 192.4 m of graphite mineralization grading 1.7% Cg from
236.6 m to 429.0 m.
-- Hole 16 yielded 62.3 m @ 4.2% Cg from 291.0 m to 353.3 m within a wider
intersection of 135.3 m of graphite mineralization grading 2.3% Cg from
258.0 m to 393.3 m. (All lengths reported are drill intersected core
lengths and do not represent true widths).
Aubrey Eveleigh, President and CEO stated "These latest results on the East Pipe
continue to demonstrate the excellent vertical continuity and exceptional size
potential of the graphite deposit. Graphite intersections appear to be
correlating extremely well with the shape of the ground geophysical conductors.
Drilling to date on the West Pipe is also showing significant widths of
graphitic breccia with great continuity. The current campaign will continue
there until sufficient drill holes have been completed to delineate a mineral
resource, following which a NI 43-101 compliant resource estimate will be
prepared by RPA (formerly Roscoe Postle & Associates Inc.) for both the East and
West pipes."
Holes 10-15 were previously announced and included here for reference:
-- Hole 15 yielded 125.0 m @ 4.6% Cg from 132.0 m - 257.0 m within a wider
intersection of 300.0 m of graphite mineralization grading 2.2% Cg from
60.0 m to 360.0 m.
-- Hole 14 yielded 186.0 m @ 4.9% Cg from 146.0 m - 332.0 m within a wider
intersection of 426.0 m of graphite mineralization grading 3.0% Cg from
118.0 m to 544.0 m.
-- Hole 13 yielded 177.0 m @ 5.3% Cg from 138.0 m - 315.0 m within a wider
intersection of 219.9 m of graphite mineralization grading 4.5% Cg from
95.1 m to 315.0 m.
-- Hole 12 yielded 146.0 m @ 5.2% Cg from 95.0 m - 241.0 m within a wider
intersection of 195.0 m of graphite mineralization grading 4.0% Cg from
90.0 m to 285.0 m.
-- Hole 11 yielded 84.9 m @ 5.2% Cg from 460.6 m to 545.5 m within a wider
intersection of 203.0 m of graphite mineralization grading 3.0% Cg from
393.0 m to 596.0 m.
-- Hole 10 yielded 360.8 m @ 5.1% Cg from 49.0 m to 409.8 m.
Six (6) holes have since been completed on the West Pipe, all of which yielded
broad intervals of graphite mineralization from visual observations of drill
core. All holes were designed to start outside the limit of the indicated
geophysical anomaly and angled to help define and confirm the overall geometry
of the pipe-like body.
Graphitic carbon analyses for drill holes 25 through 33 will be released once
received. A plan map and drill hole table will also be posted on the website
today. The following table provides locational data for all holes drilled to
date on the Albany graphite deposit.
----------------------------------------------------------------------------
----------------------------------------------------------------------------
UTM UTM
HOLE-ID LENGTH (m) EASTING NORTHING ELEVATION AZIMUTH DIP PIPE
----------------------------------------------------------------------------
----------------------------------------------------------------------------
33 drilling 682676 5545802 130 225 -50 WEST
----------------------------------------------------------------------------
32 459 682600 5545570 130 295 -50 WEST
----------------------------------------------------------------------------
31 396 682516 5545845 130 180 -50 WEST
----------------------------------------------------------------------------
30 393 682438 5545800 130 135 -50 WEST
----------------------------------------------------------------------------
29 423 682392 5545723 130 110 -50 WEST
----------------------------------------------------------------------------
28 339 683016 5545768 130 200 -50 EAST
----------------------------------------------------------------------------
27 561 682710 5545570 130 295 -50 WEST
----------------------------------------------------------------------------
26 618 682395 5545565 130 45 -50 WEST
----------------------------------------------------------------------------
25 213 682984 5545799 130 225 -50 EAST
----------------------------------------------------------------------------
24 252 682917 5545637 130 45 -50 EAST
----------------------------------------------------------------------------
23 270 682845 5545745 130 45 -50 EAST
----------------------------------------------------------------------------
22 261 682866 5545706 130 45 -50 EAST
----------------------------------------------------------------------------
21 291 682890 5545673 130 45 -50 EAST
----------------------------------------------------------------------------
20 302 683016 5545768 130 225 -50 EAST
----------------------------------------------------------------------------
19 291 682952 5545830 130 225 -50 EAST
----------------------------------------------------------------------------
18 432 682809 5545809 130 120 -50 EAST
----------------------------------------------------------------------------
17 509 683200 5545700 130 270 -50 EAST
----------------------------------------------------------------------------
16 531 683095 5545894 130 225 -50 EAST
----------------------------------------------------------------------------
15 412 682860 5545610 130 45 -50 EAST
----------------------------------------------------------------------------
14 668 683090 5545590 130 315 -50 EAST
----------------------------------------------------------------------------
13 425 683100 5545700 130 270 -50 EAST
----------------------------------------------------------------------------
12 366 683025 5545825 130 225 -50 EAST
----------------------------------------------------------------------------
11 684 682955 5545935 130 180 -65 EAST
----------------------------------------------------------------------------
10 438 682955 5545800 130 180 -65 EAST
----------------------------------------------------------------------------
9 425 682955 5545850 130 180 -65 EAST
----------------------------------------------------------------------------
8 365 682955 5545800 130 0 -65 EAST
----------------------------------------------------------------------------
7 321 682600 5545570 131 0 -65 WEST
----------------------------------------------------------------------------
6 346 682400 5545570 131 0 -65 WEST
----------------------------------------------------------------------------
5 326 682955 5545700 130 0 -65 EAST
----------------------------------------------------------------------------
4 179 682955 5545700 130 180 -80 EAST
----------------------------------------------------------------------------
3 495 682500 5545770 131 180 -56 WEST
----------------------------------------------------------------------------
2 528 682500 5545370 131 0 -65 WEST
----------------------------------------------------------------------------
1 543 682500 5545570 131 0 -65 WEST
----------------------------------------------------------------------------
Nad 83, UTM Zone 16
Analytical Protocol
Samples of half core were packaged and shipped directly from Zenyatta's core
shack at the site to the ALS Minerals facility in Thunder Bay, Ontario, for
sample preparation (ALS protocol PREP-31B). Each bagged core sample is dried,
crushed to better than 70% passing 2mm and a 1000g split of the crushed material
is pulverized to better than 85% passing 75 microns for assaying. The sample
pulps were then shipped to the ALS Minerals laboratory in Vancouver, British
Columbia for assay. ALS Minerals has ISO 9001:2008 and ISO 17025 Accreditation
as per the Standards Council of Canada at all of its global laboratories.
Graphite assays were obtained using the graphitic carbon by LECO method (ALS
protocol C-IR18). A 0.1g sample is leached with dilute hydrochloric acid to
remove inorganic carbon (carbonate). After filtering, washing and drying, the
remaining sample residue is roasted at 425 degrees C to remove any organic
carbon. The roasted residue is finally analysed for graphitic carbon using a
high temperature LECO furnace with infra-red detection. The samples were
submitted with blanks and certified custom standards inserted into the sample
stream to ensure lab integrity.
Mr. Peter Wood, P.Geo., VP Exploration, is the "Qualified Person" under NI
43-101 and has reviewed the technical information contained in this news
release. To find out more on Zenyatta Ventures Ltd., please visit website
www.zenyatta.ca or contact the Company at info@zenyatta.ca or Tel. 807-346-1660.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. This News Release includes certain
"forward-looking statements". These statements are based on information
currently available to the Company and the Company provides no assurance that
actual results will meet management's expectations. Forward-looking statements
include estimates and statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company or
management expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as "believes", "anticipates",
"expects", "estimates", "may", "could", "would", "will", "should" or "plan".
Since forward-looking statements are based on assumptions and address future
events and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of the Company's
mineral properties, and the Company's financial condition and prospects, could
differ materially from those currently anticipated in such statements for many
reasons such as: changes in general economic conditions and conditions in the
financial markets; changes in demand and prices for minerals; litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological and operational difficulties encountered
in connection with the activities of the Company; and other matters discussed in
this news release. This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements. These and other factors should
be considered carefully and readers should not place undue reliance on the
Company's forward-looking statements. The Company does not undertake to update
any forward-looking statement that may be made from time to time by the Company
or on its behalf, except in accordance with applicable securities laws.
To view the image associated with this release, please visit the following link:
http://media3.marketwire.com/docs/L_GGP_LP1_CH20_TF_DDH_PIPES.jpg.
FOR FURTHER INFORMATION PLEASE CONTACT:
Zenyatta Ventures Ltd.
807-346-1660
info@zenyatta.ca
www.zenyatta.ca
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