The Conversation (0)
Zenyatta Ventures Ltd. (TSXV:ZEN) reported that assay results from holes 16 – 24 drilled on the East Pipe of the 100% owned Albany Graphite Deposit in northern Ontario, Canada, yielded significant graphitic carbon. The East Pipe graphite mineralization is oval-shaped, approximately 150metres in a NE-SW direction by 300 m in a NW-SE direction and to a depth of 500 m.
As quoted in the press release:
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).
Zenyatta Ventures Ltd. President and CEO, Aubrey Eveleigh, said:
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.
Click here to read the Zenyatta Ventures Ltd. (TSXV:ZEN) press release
