Bluenose to Acquire Albany North (Hydrothermal) Graphite Project
September 26 2013 - 9:30AM
Marketwired
Bluenose Gold Corp. (TSX VENTURE:BN.H) announces that it has
entered into an option agreement to acquire the Albany North
(Hydrothermal) Graphite Project. This land package was recently
staked and was highly sought after by Bluenose. Zenyatta Ventures
Ltd. has reported a significant discovery at its Albany
(Hydrothermal) Graphite Project located immediately south of
Bluenose's Albany North (Hydrothermal) Graphite Project in Northern
Ontario.
Hydrothermal graphite exploration targets are considered to be
very prospective generally in the area. Bluenose considers its
Albany North (Hydrothermal) Graphite Project to be a very
prospective target and an important acquisition based on the strong
recommendations for its acquisition by its consulting geologist,
Dr. Boris Molak. It is immediately north and adjacent to Zenyatta
Ventures Ltd.'s Albany (Hydrothermal) Graphite Project where
Zenyatta Ventures Ltd. has discovered a very unique hydrothermal
graphite deposit.
Metallurgical testing made on graphite samples from Zenyatta's
Albany Prospect reportedly indicate ultra-high purity graphite
(99.99% carbon) can be achieved through simple and relatively
inexpensive caustic (NaOH) bake process. This graphite variety has
physical properties superior to synthetic graphite. It is important
in many industrial applications. Bluenose believes advances in
science and technology indicate that this type of graphite will
become critical for the newly emerging technologies such as
electronics, super conductors, lithium-ion batteries, refractories
and much more.
To acquire a 100% interest in the Albany North (Hydrothermal)
Graphite Project, Bluenose is required to issue a total of four
million shares, 1 million shares on TSX approval and 1.5 million
shares in September 2014 and 2015, all to a private arm's length
vendor. Bluenose is the operator. There is no royalty. The Albany
North (Hydrothermal) Graphite Project is comprised of 16 claim
units.
The technical content of this news release was reviewed and
approved by Bohumil (Boris) Molak, PhD, P.Geo, the Qualified Person
for this project as defined by National Instrument 43-101. Dr.
Molak has not verified the technical data disclosed in this news
release. Dr. Molak's expertise includes exploration and research
into carbonaceous and graphite-bearing formations using organic and
inorganic geochemistry, stable isotopes and geophysical methods.
Dr. Molak's research results were presented in several reports and
referenced geo-scientific papers published internationally.
Bluenose continues to seek additional acquisitions of property
interests.
BLUENOSE GOLD CORP.
JOHN BRYDLE, Director
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