Zenyatta Ventures Intersects 132m at 3.8% Graphite; Wide Zone of Graphite Mineralization

Zenyatta Ventures (TSXV:ZEN) reported significant graphite results from two holes from its current drill campaign on the Albany graphite deposit.

As quoted in the press release, drill results include:

Drill hole #3 (Z12-4F3), was collared 200 metres (‘m’) north of the original discovery drill hole (Z11-4F1) and drilled in a southerly direction. Significantly, upon passing through the overburden/limestone, the hole immediately intersected graphitic breccia which shows the deposit coming to near surface. An upper zone of graphitic breccia was intersected from 56.7 m to 104.5m yielding 3.3% C over 47.8m. Another, wider and richer, zone of graphitic breccia was intersected from 133.0m to 265.0m and yielded an average of 3.8% C over 132.0m, with sections grading as high as 11.4% C. This represents the largest intersection of graphitic breccia mineralization drilled to date in the deposit. A number of graphite-rich veinlets and clasts from these sections were identified and isolated for further analyses. These results are expected over the next several business days.

Drill hole #2 (Z12-4F2) was designed to test the southern extent of the graphite breccia pipe. The drill hole was collared 200 metres (‘m’) south of the original discovery hole (Z11-4F1) to test the limits of the geophysical anomaly model and to define the contact of the graphitic breccia body. The hole defined this contact and intersected a wide zone of graphitic breccia, where the breccia pipe model predicted it would be located. The drill hole intersected graphitic breccia from 392.4m to 439.9m and yielded 3.0% C over 47.5m.

Zenyatta’s President and CEO Aubrey Eveleigh stated:

The Company is very excited with these latest drill-hole results. They confirm that the Albany graphite deposit has exceptional size potential. The Company expects to release further news next week on more drilling presently being completed 450m east of the above reported drill holes.