Graphite Hunt in Northwestern Ontario

Zenyatta - Albany deposit as a “vein-type graphite breccia.”
Zenyatta - Albany deposit as a “vein-type graphite breccia.”
Zenyatta - Albany deposit as a “vein-type graphite breccia.”
Zenyatta – Albany deposit as a “vein-type graphite breccia.”

Graphite Search Fuelled by Graphene Research

THUNDER BAY – Searching for Graphite in Northwestern Ontario. Zenyatta Ventures has been reporting on the company’s Albany Project for over two years. Lately, there have been several other mining companies getting in on the graphite action in the region.

The growing research into graphene which is ongoing at Universities and research laboratories around the world is helping fuel the mining search. Currently the largest supply of graphite, in the most valuable form, vein graphite is in Sri Lanka in Asia. The interest in the mineral is continuing to fuel a global, and Canada wide search for graphite.

Cavan Ventures Moves on Albany Area Search

Cavan Ventures Inc. (TSX VENTURE:CVN) is in the graphite hunt as well. The company has just announced that Prospectair out of Gatineau, Quebec has been engaged to carry out airborne geophysics on its CAGE claims, located 36 kilometers west of Hearst, Ontario. The survey will include both high-resolution magnetic and time-domain electromagnetic (‘TDEM’) data collection, with north-south traverse lines having 50m spacing and east-west tie lines at 1,000m spacing. A small area of the claims will also be covered with east-west traverse lines at 50m to ensure detection of small EM conductors.

At the adjacent Albany graphite deposit, drilling on an airborne EM conductor by Zenyatta Ventures Ltd., identified an extensive zone of granitic breccia set in a black matrix containing graphite.

Magnor Exploration Inc. (La Baie, QC) has been engaged by the Company to manage the survey, which is anticipated to begin in the coming days upon finalization of contracts and as equipment becomes available. A total of approximately 190 line-kilometers will be completed over the CAGE claims.

About the CAGE Claims

The 100%-held CAGE claims are contiguous and cover an area of 768 hectares (1,897 acres). The property adjoins the eastern edge of the Albany graphite deposit that is presently under advanced exploration by Zenyatta Ventures Ltd. Zenyatta recently announced several significant intersections of graphite mineralization, including five holes with 146m of 5.2% Cg, 177m of 5.3% Cg, 186m of 4.9% Cg, and 125m of 4.6% Cg, respectively (see Zenyatta Ventures news release, July 2, 2013). Historic aeromagnetics indicate that a magnetic low is present on the CAGE claims, with similar magnetic lows on the eastern portion of the Albany property (see Cavan news release, July 10, 2013).

The technical contents of this release were approved by Dr. Tom E. McCandless, P. Geo., a qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report, and Dr. McCandless has not verified the technical data disclosed in this release.

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