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Zenyatta Ventures Ltd.; 1st Phase Drilling Program Commences at Albany Project
Zenyatta Ventures Ltd. (CVE:ZEN) reports the commencement of 20,000 metre drill program at the Albany Project near Hearst, Ontario.
Zenyatta Ventures Ltd. (TSXV:ZEN) reports the commencement of 20,000 metre drill program at the Albany Project near Hearst, Ontario.
The press release is quoted as saying:
Zenyatta has the right to earn a total of 80% interest in the Albany Project from Cliffs Natural Resources Exploration Canada Inc. by expending a total of $10,000,000 over 4 years. The Project consists of approximately 300,000 acres in an area highly prospective for copper, nickel, PGM’s and other mineral deposit types. The Company has already earned a 25% interest by flying the Geotech airborne survey and is presently working towards earning an additional 55% interest.
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