Zenyatta Ventures Ltd. (TSXV:ZEN) reported that the first geological model at Lakehead University for a unique hydrothermal Albany graphite deposit was established by experts. The Government of Canada has also awarded a collaborative research grant through the Natural Sciences and Engineering Research Council (NSERC) to assist Dr. Andrew Conly of Lakehead University in carrying out further studies on the unique Albany graphite deposit.
As quoted in the press release:
Dr. Andrew Conly observed, “Evidence has shown that Zenyatta has discovered a unique sub-class of a hydrothermal graphite deposit unlike any other. Igneous breccia-hosted graphite deposits like Albany are very rare, and to the best of my knowledge, none are currently being mined or even in an advanced stage of exploration globally. Our on-going research of the Albany deposit will establish the first genetic model for this distinctive type of graphite. I would like to thank NSERC for their recent important contribution in assisting myself and students at Lakehead University during further development of this geological model.”