ZEN Zentek Ltd

Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased to
announce that it will commence initial definition drilling at the Albany
Graphite Deposit, located near Hearst in northeastern Ontario.  


The goal of the drill campaign is to further test the extent of a 1400 metre by
800 metre airborne EM conductor with approximately 4000 metres ("m") of drilling
over the next 2 months with widely spaced (200m) drilling. As previously
announced in the Company's news releases, a recent drill hole on the Albany
project testing this large EM conductor intersected eight (8) separate and
extensive graphite-rich breccia zones. Subsequent petrographic examination of
samples sent to Lakehead University ("LU") confirmed the drill hole had
intersected a hydrothermal (magmatic) occurrence of graphite with a flake size
ranging from fine (-270 mesh) to coarse (+40 mesh). A per recommendations of the
LU report, SGS Canada Inc. (Mineral Services Division of Lakefield) has been
engaged to assess the purity and metallurgical response of the graphite
material. 


Aubrey Eveleigh, President and CEO stated "Given the positive report from
Lakehead University and work being conducted by SGS Lakefield, the next logical
step for the Albany project is to confirm with drilling that this large
geophysical anomaly represents the potential limits of a graphite-rich breccia
pipe. It is a very important step in determining the possible size of this newly
discovered graphite deposit. Results are expected over the next few weeks." 


Core photos, section and maps can be seen on the website at www.zenyatta.ca. The
graphite discovery is located 30km north of the Trans Canada Highway and a gas
pipeline. A rail line is located 70km away and an all-weather road approximately
4-5km from the graphite deposit. The deposit is near surface, underneath glacial
till overburden.


Mr. Aubrey Eveleigh, P.Geo., President and CEO, is the "Qualified Person" under
NI 43-101 and has reviewed the technical information contained in this news
release. To find out more on Zenyatta Ventures Ltd., please visit website
www.zenyatta.ca. 


This News Release includes certain "forward-looking statements". These
statements are based on information currently available to the Company and the
Company provides no assurance that actual results will meet management's
expectations. Forward-looking statements include estimates and statements that
describe the Company's future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or result to
occur. Forward-looking statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would", "will", or
"plan". Since forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve inherent risks
and uncertainties. Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of the Company's
mineral properties, and the Company's financial condition and prospects, could
differ materially from those currently anticipated in such statements for many
reasons such as: changes in general economic conditions and conditions in the
financial markets; changes in demand and prices for minerals; litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological and operational difficulties encountered
in connection with the activities of the Company; and other matters discussed in
this news release. This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements. These and other factors should
be considered carefully and readers should not place undue reliance on the
Company's forward-looking statements. The Company does not undertake to update
any forward-looking statement that may be made from time to time by the Company
or on its behalf, except in accordance with applicable securities laws.

Zentek (TSXV:ZEN)
Historical Stock Chart
From Sep 2024 to Oct 2024

Zentek (TSXV:ZEN)
Historical Stock Chart
From Oct 2023 to Oct 2024