Zenyatta Ventures Ltd. (TSXV:ZEN) completed drilling for NI 43-101 Resource Estimate at the Albany Hydrothermal Graphite Deposit in northern Ontario, Canada, and announced significant results from the East and West pipes.
As quoted in the press release:
Drilling on the East and West pipes continues to demonstrate excellent continuity and both remain open at depth. Significant graphitic carbon (‘Cg’) assay results from delineation drill holes 33 to 44 and two holes (M01 and M02) drilled on the East Pipe to provide a bulk sample for metallurgical test work are summarized as follows:
- Hole M02 (East) yielded 210.8 m @ 5.8% Cg from 50.5 m to 261.3 m within a wider intersection of 440.0 m of graphite mineralization grading 3.8% Cg from 50.5 m to 490.5 m.
- Hole M01 (East) yielded 255.5 m @ 5.5% Cg from 48.0 m to 303.5 m within a wider intersection of 464.2 m of graphite mineralization grading 4.5% Cg from 48.0 m to 512.2 m.
- Hole 44 (West) yielded 126.7 m @ 3.9% Cg from 93.3 m to 220.0 m within a wider intersection of 352.7 m of graphite mineralization grading 2.2% Cg from 68.1 m to 420.8 m.
Zenyatta Ventures President and CEO, Aubrey Eveleigh, said:
A very successful delineation drilling program in 2013 has confirmed the geometry of two large, vertical breccia bodies consisting of a unique hydrothermal style of graphite mineralization. Drilling for the NI 43-101 resource estimate is now complete and the Company is awaiting final assays from the lab to enable an initial resource statement by independent consultants RPA Inc.