Zenyatta; Drilling on West Pipe Yields Significant New Graphite Results
04 Setembro 2013 - 10:15AM
Marketwired Canada
Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased to
announce the following results from drilling on the East and West pipes of the
100% owned Albany (Hydrothermal) Graphite Deposit located in northern Ontario,
Canada.
In reviewing the latest drill results, Aubrey Eveleigh, President and CEO
stated, "We are very pleased to see initial drill holes on the West pipe
confirming the existence of a second large graphite breccia body. The West pipe
appears to be larger in diameter than the East pipe and closely reflects the
circular conductivity anomaly defined by a ground EM ('electromagnetic') survey.
Drilling to date on the West pipe has not yet identified the western limit of
mineralization. Additional holes will be required before the overall dimension
can be established."
To date, 13 holes have been drilled on the West pipe and 25 holes have been
drilled on East pipe. The current drill campaign contemplates an additional 8-10
definition holes on both pipes and 3 large-diameter (HQ) holes on the East pipe
to recover a 5 tonne bulk sample for metallurgical test work. As of the date of
this news release, the first metallurgical hole (M01) drilled on the East pipe
had intersected multiple zones of graphite breccia mineralization over 464
metres ("m"). Once these holes are complete, the 2013 drilling campaign will
conclude and a NI 43-101 resource statement will be prepared by independent
consultants RPA Inc. A plan map of the current drilling program is available at
www.zenyatta.ca.
The following graphitic carbon ('Cg') assay results were yielded from holes 25 -
32 drilled on the East and West Pipes:
-- Hole 32 (West) yielded 100.3 m @ 3.7% Cg from 119.7 m to 220.0 m within
a wider intersection of 260.7 m of graphite mineralization grading 2.1%
Cg from 106.8 m to 367.5 m.
-- Hole 31 (West) yielded 139.6 m @ 4.1% Cg from 65.0 m to 204.6 m within a
wider intersection of 294.0 m of graphite mineralization grading 2.6% Cg
from 65.0 m to 359.0 m.
-- Hole 30 (West) yielded 129.0 m @ 3.4% Cg from 63.0 m to 192.0 m within a
wider intersection of 229.2 m of graphite mineralization grading 2.6% Cg
from 63.0 m to 292.2 m.
-- Hole 29 (West) yielded 100.0 m @ 2.8% Cg from 61.0 m to 161.0 m within a
wider intersection of 243.0 m of graphite mineralization grading 2.0% Cg
from 60.0 m to 303.0 m.
-- Hole 28 (East) yielded 115.5 m @ 6.9% Cg from 94.3 m to 209.8 m within a
wider intersection of 269.0 m of graphite mineralization grading 3.3% Cg
from 70.0 m to 339.0 m.
-- Hole 27 (West) yielded 47.0 m @ 3.8% Cg from 248.0 m to 295.0 m within a
wider intersection of 153.1 m of graphite mineralization grading 1.3% Cg
from 183.0 m to 336.1 m. A gabbroic dyke displaced the graphite
mineralization in this hole.
-- Hole 26 (West) yielded 118.4 m @ 3.4% Cg from 100.6 m to 219.0 m within
a wider intersection of 217.2 m of graphite mineralization grading 2.4%
Cg from 100.6 m to 317.8 m. Second Zone: 26.1 m @ 3.3% Cg from 410.0 m
to 436.1 m.
-- Hole 25 (East) yielded 101.7 m @ 5.5% Cg from 62.3 m to 164.0 m within a
wider intersection of 150.7 m of graphite mineralization grading 3.9% Cg
from 62.3 m to 213.0 m. (All lengths reported are drill intersected core
lengths and do not represent true widths).
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 graphite
breccia which is typically surrounded by a broad halo of graphite overprinted
granite.
Holes 10-24 were previously announced and included here for reference:
-- 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).
-- 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.
Graphitic carbon analyses for drill holes 33 through 38 and M01 will be released
once received. The following table provides locational data for all holes
drilled to date on the Albany graphite deposit.
----------------------------------------------------------------------------
LENGTH
HOLE-ID (metres) EASTING NORTHING ELEVATION AZIMUTH DIP PIPE ASSAYS
----------------------------------------------------------------------------
----------------------------------------------------------------------------
M01 Drilling 682955 5545700 130 332 -85 EAST Pending
----------------------------------------------------------------------------
38 Drilling 682809 5545495 130 43 -50 EAST Pending
----------------------------------------------------------------------------
37 390 682860 5545547 130 43 -50 EAST Pending
----------------------------------------------------------------------------
36 363 682792 5545692 130 45 -50 EAST Pending
----------------------------------------------------------------------------
35 522 682751 5545650 130 45 -50 EAST Pending
----------------------------------------------------------------------------
34 531 682715 5545700 130 270 -50 WEST Pending
----------------------------------------------------------------------------
33 540 682676 5545802 130 225 -50 WEST Pending
----------------------------------------------------------------------------
32 459 682600 5545570 130 295 -50 WEST COMPLETE
----------------------------------------------------------------------------
31 396 682516 5545845 130 180 -50 WEST COMPLETE
----------------------------------------------------------------------------
30 393 682438 5545800 130 135 -50 WEST COMPLETE
----------------------------------------------------------------------------
29 423 682392 5545723 130 110 -50 WEST COMPLETE
----------------------------------------------------------------------------
28 339 683016 5545768 130 200 -50 EAST COMPLETE
----------------------------------------------------------------------------
27 561 682710 5545570 130 295 -50 WEST COMPLETE
----------------------------------------------------------------------------
26 618 682395 5545565 130 45 -50 WEST COMPLETE
----------------------------------------------------------------------------
25 213 682984 5545799 130 225 -50 EAST COMPLETE
----------------------------------------------------------------------------
24 252 682917 5545637 130 45 -50 EAST COMPLETE
----------------------------------------------------------------------------
23 270 682845 5545745 130 45 -50 EAST COMPLETE
----------------------------------------------------------------------------
22 261 682866 5545706 130 45 -50 EAST COMPLETE
----------------------------------------------------------------------------
21 291 682890 5545673 130 45 -50 EAST COMPLETE
----------------------------------------------------------------------------
20 303 683016 5545768 130 225 -50 EAST COMPLETE
----------------------------------------------------------------------------
19 291 682952 5545830 130 225 -50 EAST COMPLETE
----------------------------------------------------------------------------
18 432 682809 5545809 130 120 -50 EAST COMPLETE
----------------------------------------------------------------------------
17 509 683200 5545700 130 270 -50 EAST COMPLETE
----------------------------------------------------------------------------
16 531 683095 5545894 130 225 -50 EAST COMPLETE
----------------------------------------------------------------------------
15 412 682860 5545610 130 45 -50 EAST COMPLETE
----------------------------------------------------------------------------
14 668 683090 5545590 130 315 -50 EAST COMPLETE
----------------------------------------------------------------------------
13 425 683100 5545700 130 270 -50 EAST COMPLETE
----------------------------------------------------------------------------
12 366 683025 5545825 130 225 -50 EAST COMPLETE
----------------------------------------------------------------------------
11 684 682955 5545935 130 180 -65 EAST COMPLETE
----------------------------------------------------------------------------
10 438 682955 5545800 130 180 -65 EAST COMPLETE
----------------------------------------------------------------------------
9 425 682955 5545850 130 180 -65 EAST COMPLETE
----------------------------------------------------------------------------
8 365 682955 5545800 130 0 -65 EAST COMPLETE
----------------------------------------------------------------------------
7 321 682600 5545570 131 0 -65 WEST COMPLETE
----------------------------------------------------------------------------
6 346 682400 5545570 131 0 -65 WEST COMPLETE
----------------------------------------------------------------------------
5 326 682955 5545700 130 0 -65 EAST COMPLETE
----------------------------------------------------------------------------
4 179 682955 5545700 130 180 -80 EAST COMPLETE
----------------------------------------------------------------------------
3 495 682500 5545770 131 180 -56 WEST COMPLETE
----------------------------------------------------------------------------
2 528 682500 5545370 131 0 -65 WEST COMPLETE
----------------------------------------------------------------------------
1 543 682500 5545570 131 0 -65 WEST COMPLETE
----------------------------------------------------------------------------
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., Zenyatta Ventures Ltd., Vice President Exploration, is
the "Qualified Person" under National Instrument 43-101 and has reviewed and
approved the technical information contained in this news release. This news
release may contain forward looking information and Zenyatta Ventures Ltd.
cautions viewers that forward looking information is based on certain
assumptions and risk factors exist that could cause actual results to differ
materially from the expectations of Zenyatta Ventures Ltd. included in this news
release. To find out more on Zenyatta Ventures Ltd., please visit website
www.zenyatta.ca.
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", which often, but not always, can be identified by
the use of words such as "believes", "anticipates", "expects", "estimates",
"may", "could", "would", "will", or "plan" . These statements are based on
information currently available to Zenyatta and Zenyatta provides no assurance
that actual results will meet management's expectations. Forward- looking
statements include estimates and statements with respect to Zenyatta's future
plans, objectives or goals, to the effect that Zenyatta or management expects a
stated condition or result to occur, including this News Release. 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 Zenyatta's
mineral properties, and Zenyatta'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
Zenyatta's activities; and other matters discussed in this News Release and in
filings made with securities regulators. This list is not exhaustive of the
factors that may affect any of Zenyatta's forward-looking statements. These and
other factors should be considered carefully and readers should not place undue
reliance on Zenyatta's forward-looking statements. Zenyatta does not undertake
to update any forward-looking statement that may be made from time to time by
Zenyatta or on its behalf, except in accordance with applicable securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Zenyatta Ventures Ltd.
807-346-1660
info@zenyatta.ca
www.zenyatta.ca
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