Bluenose Gold Corp.: Zenyatta West Graphite Prospect to Be Acquired
July 17 2013 - 9:30AM
Marketwired
Bluenose Gold Corp. (TSX VENTURE:BN.H) is pleased to announce that
it has agreed to acquire a 100% interest in 16 mineral claims named
the "Zenyatta West Graphite Project". Bluenose's Zenyatta West
Graphite Project is contiguous on the west boundary of Zenyatta
Ventures Ltd.'s Albany (hydrothermal) graphite deposit discovery
located in Northern Ontario, Canada.
Bluenose's Zenyatta West Graphite Project is prospective for
significant hydrothermal graphite.
Zenyatta recently discovered the Albany (hydrothermal) graphite
deposit. Zenyatta continues to report significant drilling
intercepts and carbon grades including as recently as July 2, 2013.
The Zenyatta graphite deposit corresponds with a magnetic low that
was detected by aeromagnetic survey.
A significant magnetic low appears to be located on Bluenose's
Zenyatta West Graphite Project.
Hydrothermal graphite is described as high purity, light-weight,
highly conductive material. Hydrothermal graphite plays an
increasingly important role in our everyday lives: for instance as
a major component in lithium-ion batteries. Lithium-ion batteries
have 10 to 20 times more graphite than lithium batteries. Sales for
these important batteries are increasing and are expected to
increase significantly. Hydrothermal graphite's quality gives it an
expanding future as a key component in important products in
rapidly expanding markets. Environmentally friendly electric
vehicles including the Tesla and industrial vehicles, smart phones,
tablets, laptops, e-bikes, e-motorcycles and e-scooters all
contribute to increasing market demand for hydrothermal graphite.
Hydrothermal graphite is important for storage on smart grids and
for off grid power supplies. The future seems very bright for
hydrothermal graphite and hydrothermal graphite suppliers.
Under the terms of the purchase agreement, Bluenose can acquire
a 100% interest in the Zenyatta West Graphite Project by paying
$20,000 to the vendor and issuing 1,500,000 common shares to the
vendor within 10 days of TSX Venture Exchange acceptance for filing
of the purchase agreement. A 1% royalty has been reserved in favour
of the vendor, a private exploration corporation. The acquisition
of the Zenyatta West Graphite Project is subject to acceptance for
filing by the TSX Venture Exchange.
This news release was reviewed and approved by Bohumil (Boris)
Molak, PhD., P.Geo, the Qualified Person for this project.
BLUENOSE GOLD CORP.
RAYMOND W. ROLAND, President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release.
Cautionary Note to US Investors: This news release may contain
information about adjacent properties on which we have no right to
explore or mine. We advise U.S. investors that the SEC's mining
guidelines strictly prohibit information of this type in documents
filed with the SEC. U.S. investors are cautioned that mineral
deposits on adjacent properties are not indicative of mineral
deposits on our properties. This news release may contain
forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address
future events and conditions and therefore involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.
Contacts: Bluenose Gold Corp.
604.683.3288admin@bluenosegold.com