Zimtu Capital Corp (TSXV:ZC) (FRANKFURT:ZCTI) Announces Transaction with Galaxy Capital Corp (TSXV:GXY) for Sun Graphite Property in Quebec - Video Summary Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, February 29, 2012 - Zimtu Capital Corp (TSXV:ZC)
(FRANKFURT:ZCTI) has, along with three prospecting partners, signed an agreement
on its Sun Graphite Property, located in southern Quebec.
InvestmentPitch.com has produced a "video news alert" which provides a summary
of this news. If this link is not enabled, please visit www.InvestmentPitch.com
and enter "Zimtu" in the search box.
Galaxy Capital Corp (TSXV:GXY) can earn a 100% interest in the Sun Graphite
Property by paying staged cash and share payments as follows: (i) $3,750 upon
signing of agreement; (ii) $3,750 and 250,000 upon Exchange acceptance; (iii)
$7,500 and 125,000 shares 14 months from the date of Exchange acceptance; (iv)
and $10,000 and 125,000 shares 24 months from the date of Exchange acceptance.
For complete details of this agreement, please refer to Zimtu's news release on
their website.
The Sun Graphite Property consists of one large contiguous block of 76 claims
totalling approximately 4,200 hectares located 125 kilometres northwest of the
city of Baie-Comeau, Quebec.
Previous owners, while exploring for base metal mineralization, completed a
2,600 kilometre flight path helicopter borne geophysical program. This program
located multiple electro-magnetic anomalies both outside or coinciding with
magnetic anomalies. In a 15 kilometre long trend, there were multiple target
anomalies and off-set structures, the longest of which was 3 kilometres long.
About half the major conductors were explored before the program was abandoned
when it was concluded that the anomalies were related to graphite mineralization
and that base metal sulphides of interest were nearly absent.
Galaxy Capital plans to mount an aggressive exploration campaign on the property
commencing with a complete compilation of historic geological work followed by
surface work, trenching and diamond drilling. The exploration target is multiple
crystalline flake graphite deposits similar to other graphite deposits and mines
in Quebec, such as Focus Metals' Lac Knife Deposit.
Due to strong demand from both traditional markets and important new technology
applications, graphite prices have been increasing in recent months and over the
last couple of years prices for large flake, high purity graphite have more than
doubled.
The optioned claims were acquired by Zimtu and its partners by staking, and were
acquired for project generation. Zimtu, along with its prospecting partners,
continues to evaluate and acquire prospective resource properties, which are
made available for sale or joint venture.
Zimtu is currently trading at $1.20 and with 22 million shares outstanding, is
capitalized at approximately $26 million.
For a more information on Zimtu Capital and the company's other properties,
please visit the company's website at www.zimtu.com or phone Kevin Bottomley at
604-681-1568
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals. InvestmentPitch.com
specializes in producing short three minute videos based on news releases and
research reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
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