zenyatta ventures ltd (ZEN) Snapshot

Zenyatta Ventures Ltd. announced the following significant assay results from the first hole (#10) of the current campaign on the 100% owned Albany (Hydrothermal) Graphite Deposit, located in northeastern Ontario, Canada. Drill hole 10 intersected 360.8 metres ('m') of graphite mineralization from 49.0 m to 409.8 m yielding an average grade of 5.1% Carbon ('C'). This represents the widest zone of graphite material intersected to date on the Albany deposit. The hole, which was drilled at a 180deg azimuth and -65deg dip, was designed to test between previously drilled holes 4, 5 and 9. Five more holes have since been completed, all of which yielded broad intervals of graphite mineralization from visual observations of drill core as described below. Holes 11 through 15 have been designed to start outside the limit of the indicated anomaly and were angled to help define and confirm the overall geometry of the pipe-like body. Drill hole 11 intersected 202.0 m of graphite mineralization from 393.0 m to 595.0 m. Drill hole 12 intersected 195.0 m of graphite mineralization from 90.0 m to 285.0 m. Drill hole 13 intersected 219.0 m of graphite mineralization from 96.0 m to 315.0 m Drill hole 14 intersected 286.9 m of graphite mineralization from 108.8 m to 395.7 m and a second zone of 127.3 m of graphite mineralization from 431.3 m to 558.0 m. Drill hole 15 intersected 301.9 m of graphite mineralization from 63.3 m to 365.2 m. Graphite mineralization appears to consist of graphitic breccia pipes which are typically surrounded by a zone of graphite overprinted syenite. Carbon analyses for drill holes 11 through 15 will be released once received. Drill hole 16 has commenced, and the current campaign will continue until sufficient drill holes have been completed, following which a NI 43-101 compliant resource estimate will be prepared.

Zenyatta Ventures Ltd. announced a drilling update on the 100% owned Albany (Hydrothermal) Graphite Deposit, located in northeastern Ontario, Canada. The first drill hole (Z13-4F10) intersected 363 metres of graphite mineralization from 47.0 m to 410.0 m. This represents the widest zone of graphite material intersected to date on the Albany deposit. The hole, which was drilled at a 180 azimuth and -65 dip, was designed to test between previously drilled holes 5 and 9. From surface to 41.0 m hole 10 intersected overburden and from 41.0 m to 47.0 m intersected Paleozoic limestone. Graphitic overprinting was encountered from 47.0 m to 87.0 m, while the strongest graphitic mineralization was intersected from 87.0 m to 410.0 m. Drilling shows different types of graphite mineralization consisting of clasts of graphite vein material, disseminated graphite matrix and discrete graphite veins /veinlets as part of a large breccia pipe. Geometry and true width of the graphite breccia pipe is difficult to determine at this point and will require much more drilling. The company will continue to define the size and grade of this rare, 'vein-type' or hydrothermal-style graphite deposit. The goal of the current program will be to expand on a 2012 drilling campaign that intersected a large mineralized zone of graphitic breccia and veining from widely spaced drill holes. This previous nine (9) hole drill program succeeded in establishing widespread graphite mineralization laterally for several hundred metres and to a vertical depth of 400 m, where it remains open. The current drilling will consist of a minimum of 10,000 m and will further test the extent of the Geotech VTEM airborne conductor.

Zenyatta Ventures Ltd Presents at 25th Annual ROTH Conference, Mar-19-2013 02:00 PM. Venue: The Ritz-Carlton, 1 Ritz Carlton Drive, Dana Point, Laguna Niguel, California, United States.