SlideShare a Scribd company logo
1 of 5
Download to read offline
ZIMTU CAPITAL CORP. ANNOUNCES PROPERTY TRANSACTION WITH STRIKE
                         GRAPHITE CORP.

February 14, 2012 - Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the “Company” or
“Zimtu”) is pleased to announce that the Company and three prospecting partners have
signed an agreement with Strike Graphite Corp. (TSXv: SRK) (“Strike”) whereby Strike
can earn a 100%-interest in the Wagon Graphite Property located in southwestern
Quebec.

The Wagon Property consists of three separate claim blocks totaling approximately
3,000 hectares situated within the vicinity (approx. 15 km east) of Timcal’s Lac des Iles
Graphite Mine, 150 km northwest of Montreal. Lac des Iles is the largest of two
Canadian graphite producers. It has been in production for over twenty years and
produces graphite products of various sizes and purities.

For its participation in the transaction, Zimtu will receive staged cash and share
payments from Strike as follows: (i) $3,750 on signing; (ii) $3,750 and 125,000 common
shares on acceptance by the TSX Venture Exchange (“TSXv”); (iii) $5,000 and 125,000
common shares 6 months from the date of TSXv acceptance; and (iv) 125,000 common
shares 12 months from the date of TSXv acceptance. Zimtu’s three prospecting
partners will each receive cash and share considerations equal to that of Zimtu. The
vendors will collectively retain a 2% Net Smelter Royalty on the properties. During the
period which is 12 months from the date of TSXv acceptance, Strike will complete a
minimum of $100,000 of exploration on the property.

Graphite Market

Global consumption of natural graphite has increased from ~600,000 in 2000 to 1.2 MM
t in 2012. Demand for graphite has been increasing by approximately 5% per year since
2000 due to the ongoing modernization of China, India and other emerging economies,
resulting in strong demand from traditional end uses such as the steel and automotive
industries. Graphite also has many important new applications such as lithium-ion
batteries, fuel cells and nuclear and solar power that have the potential to create
significant incremental demand growth. There is roughly 20-30 times more graphite
required by weight to produce a lithium-ion battery than there is lithium. Demand for
graphite is expected to rise as electric vehicles and lithium battery technology are
adopted as well as increasing uses in new technology applications.
Natural graphite comes in several forms: flake, amorphous and lump. Of the 1.2 million
tonnes of graphite produced annually, approximately 40% is of the most desirable flake
type. China, which produces about 70% of the world's graphite, is seeing production
and export growth leveling and export taxes and a licensing system have been
instituted. A recent European Commission study regarding the criticality of 41 different
materials to the European economy included graphite among the 14 materials high in
both economic importance and supply risk (Critical Raw Materials for the EU, July
2010). Graphite prices have been increasing in recent months and over the last couple
of years prices for large flake, high purity graphite (+80 mesh, 94-97%C) have more
than doubled.

Wagon Property

The Wagon Property was originally explored by Graphicor Resources Inc. (“Graphicor”)
in 1989 based on the results of a helicopter-borne EM survey. Ground exploration
followed in 1990.

The geology of the property is consistent with the Central Metasedimentary Belt of the
Grenville Province and includes quartzofeldspathic rocks, quartzite, biotite gneiss,
marble and locally pegmatitic quartzofeldspathic rocks. Graphite is locally present in
quartzite and biotite gneiss and in shear zones where the graphite content usually
ranges from 3% to 7% Cg exhibiting flakes up to 3 mm in diameter. Large flake graphite
is generally considered as 0.2 mm and above.

Prospecting and reconnaissance geological mapping followed by line cutting and
multifrequency-coil separation Maxmin II and Mise-à-la-Masse surveys identified
multiple zones of parallel conductors. According to reports by Derry, Michener, Booth &
Wahl (“DMBW”), graphite is present in all lithologies on the property. DMBW wrote:
“Diamond drilling is warranted to test the prospective regions of this property.”

About one hundred outcrops were located on the property. 15 were sampled and
returned assays of 0.57% to 18.13% Cg. The highest grades were more frequently from
the paragneiss lithologies. The property covers 18 km strike length of the formations.

                         Wagon Property – Sampling Results

             Area       Outcrop number Sample Number Percent Graphite
          North Block         K1          51001           13.73
                              K3          51002            1.31
K4               51003               7.83
                               K6               51004               1.88
                               K7               51005               4.36
                               K9               51006               2.07
                               K10              51007               5.33
         Center Block          K27                na                4.17
                               K31                na                4.78
                               K33                na                3.45
                               K34                na                2.01
                                na              42413               2.07
                                na              42414               3.27
                                na              42415               2.64
                                na              42416              14.14
          East Block            na              42418               1.02
                                na              42419               0.57
                                na              42420               1.22
                                na              42421              18.13

Maps are available for download on Strike’s website at: http://www.strikegraphite.com/

The Company cautions that it has not verified the quality and accuracy of the historic
sampling results reported in this news release which predate the introduction of National
Instrument 43-101 and cautions readers not to rely upon them. The historic figures were
generated from sources believed to be reliable, however, they have not been confirmed.
Although the sampling results are relevant, they have not been verified.

Strike plans to mount an aggressive exploration campaign on the property commencing
with a complete compilation of historic geologic work followed by surface mapping,
prospecting, mineral testing and processing, and follow-up diamond drilling.

The optioned claims were acquired by the Company 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 to make available for
sale or joint venture. As part of the Company’s business, Zimtu provides mineral
property advisory services and helps to connect companies with mineral properties of
interest.
Jean-Sebastien Lavallée (OGQ #773), geologist, a Qualified Person as defined by
National Instrument 43-101, has reviewed and approved the technical content of this
release.

About Zimtu Capital Corp.
Zimtu Capital Corp. invests in, creates and grows natural resource companies thereby
providing a way for shareholders to indirectly participate and profit in the public
company building process. The Company also provides mineral property advisory
services helping to connect companies to properties of interest.

Zimtu Capital trades on the TSX Venture Exchange under the symbol “ZC” and the
Frankfurt Stock Exchange under the symbol “ZCT1.” For more information please visit
the corporate website at http://www.zimtu.com or contact:

Kevin Bottomley
Shareholder Services
Toll Free: 1.877.377.6222
Phone: 604.681.1568
Email: kevin@zimtu.com

On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.

“David Hodge”
David Hodge
President & Director
Phone: 604.681.1568

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
    policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
                                              release.

Statements in this document which are not purely historical are forward-looking statements, including any
statements regarding beliefs, plans, expectations or intentions regarding the future.

Forward-looking statements in this news release include that Strike can earn a 100%-interest in the
Wagon Graphite Property; that in consideration for its interest, Zimtu will receive staged cash and share
payments from Strike, that Zimtu's partners will receive cash and share consideration equal to that of
Zimtu; that the vendors will collectively retain a 2% NSR on the property; that Strike plans to mount an
aggressive exploration campaign on the Wagon Property commencing with a complete compilation of
historic geologic work followed by surface mapping, prospecting, mineral testing and processing, and
follow-up diamond drilling; and that Zimtu with the support of its prospecting partners will continue to
evaluate and acquire prospective resource properties to make available for sale or joint venture.

It is important to note that actual outcomes and the Company’s actual results could differ materially from
those in such forward-looking statements. Risks and uncertainties include, but are not limited to,
economic, competitive, governmental, environmental and technological factors that may affect the
Company's operations, markets, products and prices. Readers should refer to the risk disclosures
outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed
with the British Columbia Securities Commission.

More Related Content

Viewers also liked (7)

Sugar Crm
Sugar CrmSugar Crm
Sugar Crm
 
CRM Process
CRM ProcessCRM Process
CRM Process
 
Erp Peoplesoft Functionality Of Crm Software
Erp Peoplesoft Functionality Of Crm SoftwareErp Peoplesoft Functionality Of Crm Software
Erp Peoplesoft Functionality Of Crm Software
 
Zoho project presentation
Zoho project presentationZoho project presentation
Zoho project presentation
 
Crm ppt
Crm pptCrm ppt
Crm ppt
 
Sales flowchart
Sales flowchartSales flowchart
Sales flowchart
 
Customer Relationship Management (CRM)
Customer Relationship Management (CRM)Customer Relationship Management (CRM)
Customer Relationship Management (CRM)
 

Similar to News Release: Property Transaction with Strike Graphite Corp.

Galaxy Capital Acquires Graphite Property from Zimtu Capital
Galaxy Capital Acquires Graphite Property from Zimtu CapitalGalaxy Capital Acquires Graphite Property from Zimtu Capital
Galaxy Capital Acquires Graphite Property from Zimtu Capital
Graphite Graphite
 
News Release: Zimtu Capital Corp. Announces Transaction with Pistol Bay Mini...
News Release:  Zimtu Capital Corp. Announces Transaction with Pistol Bay Mini...News Release:  Zimtu Capital Corp. Announces Transaction with Pistol Bay Mini...
News Release: Zimtu Capital Corp. Announces Transaction with Pistol Bay Mini...
Zimtu Capital Corp. (TSXv: ZC)
 

Similar to News Release: Property Transaction with Strike Graphite Corp. (20)

Galaxy Capital Acquires Graphite Property from Zimtu Capital
Galaxy Capital Acquires Graphite Property from Zimtu CapitalGalaxy Capital Acquires Graphite Property from Zimtu Capital
Galaxy Capital Acquires Graphite Property from Zimtu Capital
 
Oroco Resource Corp Oco.V Feb 6 2009
Oroco Resource Corp Oco.V Feb 6 2009Oroco Resource Corp Oco.V Feb 6 2009
Oroco Resource Corp Oco.V Feb 6 2009
 
NEWS Montoro (IMTFF: OTC) IMT:TSXV FSE: O4T1 receives positive preliminary ...
NEWS  Montoro (IMTFF: OTC) IMT:TSXV FSE: O4T1  receives positive preliminary ...NEWS  Montoro (IMTFF: OTC) IMT:TSXV FSE: O4T1  receives positive preliminary ...
NEWS Montoro (IMTFF: OTC) IMT:TSXV FSE: O4T1 receives positive preliminary ...
 
Panex Resources Giro Goldfield Presentation (Feb 2014)
Panex Resources Giro Goldfield Presentation (Feb 2014)Panex Resources Giro Goldfield Presentation (Feb 2014)
Panex Resources Giro Goldfield Presentation (Feb 2014)
 
WAM Presentation AUG 22 2022.pdf
WAM Presentation AUG 22 2022.pdfWAM Presentation AUG 22 2022.pdf
WAM Presentation AUG 22 2022.pdf
 
Impact Silver Corporate Presentation March 31 2023
Impact Silver Corporate Presentation March 31 2023Impact Silver Corporate Presentation March 31 2023
Impact Silver Corporate Presentation March 31 2023
 
News Release: Zimtu Capital Corp. Announces Transaction with Pistol Bay Mini...
News Release:  Zimtu Capital Corp. Announces Transaction with Pistol Bay Mini...News Release:  Zimtu Capital Corp. Announces Transaction with Pistol Bay Mini...
News Release: Zimtu Capital Corp. Announces Transaction with Pistol Bay Mini...
 
Lion One Presentation August 2020
Lion One Presentation August 2020Lion One Presentation August 2020
Lion One Presentation August 2020
 
WAM Presentation MAR 29 2022.pdf
WAM Presentation MAR 29 2022.pdfWAM Presentation MAR 29 2022.pdf
WAM Presentation MAR 29 2022.pdf
 
WAM Presentation MAR 2022.pdf
WAM Presentation MAR 2022.pdfWAM Presentation MAR 2022.pdf
WAM Presentation MAR 2022.pdf
 
WAM Presentation MAY 2022.pdf
WAM Presentation MAY 2022.pdfWAM Presentation MAY 2022.pdf
WAM Presentation MAY 2022.pdf
 
WAM Presentation MAY 2022.pdf
WAM Presentation MAY 2022.pdfWAM Presentation MAY 2022.pdf
WAM Presentation MAY 2022.pdf
 
Western Alaska Minerals Corporate Presentation Mar 2022
Western Alaska Minerals Corporate Presentation Mar 2022Western Alaska Minerals Corporate Presentation Mar 2022
Western Alaska Minerals Corporate Presentation Mar 2022
 
Wam presentation Feb 2022
Wam presentation Feb 2022Wam presentation Feb 2022
Wam presentation Feb 2022
 
Hemlo presentation 02 2018 v3.2 2
Hemlo presentation 02 2018 v3.2 2Hemlo presentation 02 2018 v3.2 2
Hemlo presentation 02 2018 v3.2 2
 
GRG.v presentation tech_feb15
GRG.v presentation tech_feb15GRG.v presentation tech_feb15
GRG.v presentation tech_feb15
 
WAM Presentation JUN 2022.pdf
WAM Presentation JUN 2022.pdfWAM Presentation JUN 2022.pdf
WAM Presentation JUN 2022.pdf
 
WAM Deck Apr_11_2023.pdf
WAM Deck Apr_11_2023.pdfWAM Deck Apr_11_2023.pdf
WAM Deck Apr_11_2023.pdf
 
2020 01 28 mnd ir ppt final
2020 01 28 mnd ir ppt final2020 01 28 mnd ir ppt final
2020 01 28 mnd ir ppt final
 
2020 01 15 mnd ir ppt final review
2020 01 15 mnd ir ppt final review2020 01 15 mnd ir ppt final review
2020 01 15 mnd ir ppt final review
 

More from Zimtu Capital Corp. (TSXv: ZC)

More from Zimtu Capital Corp. (TSXv: ZC) (20)

News Release: Zimtu Capital Corp. Announces Transaction with King's Bay
News Release:  Zimtu Capital Corp. Announces Transaction with King's BayNews Release:  Zimtu Capital Corp. Announces Transaction with King's Bay
News Release: Zimtu Capital Corp. Announces Transaction with King's Bay
 
News Release: Zimtu Capital Corp. Announces Transaction with Rockcliff Coppe...
News Release:  Zimtu Capital Corp. Announces Transaction with Rockcliff Coppe...News Release:  Zimtu Capital Corp. Announces Transaction with Rockcliff Coppe...
News Release: Zimtu Capital Corp. Announces Transaction with Rockcliff Coppe...
 
News Release: Zimtu Capital Corp. Announces Transaction with Far Resources Ltd.
News Release:  Zimtu Capital Corp. Announces Transaction with Far Resources Ltd.News Release:  Zimtu Capital Corp. Announces Transaction with Far Resources Ltd.
News Release: Zimtu Capital Corp. Announces Transaction with Far Resources Ltd.
 
News Release: Zimtu Capital Corp. Announces Transaction with Pistol Bay Minin...
News Release: Zimtu Capital Corp. Announces Transaction with Pistol Bay Minin...News Release: Zimtu Capital Corp. Announces Transaction with Pistol Bay Minin...
News Release: Zimtu Capital Corp. Announces Transaction with Pistol Bay Minin...
 
News Release: Zimtu Capital Corp. Early Warning Report
News Release:  Zimtu Capital Corp. Early Warning ReportNews Release:  Zimtu Capital Corp. Early Warning Report
News Release: Zimtu Capital Corp. Early Warning Report
 
News Release: Zimtu Capital Corp. Announces the Granting of Stock Options
News Release:  Zimtu Capital Corp. Announces the Granting of Stock OptionsNews Release:  Zimtu Capital Corp. Announces the Granting of Stock Options
News Release: Zimtu Capital Corp. Announces the Granting of Stock Options
 
News Release: Zimtu Capital Corp. Announces Transaction with Umbral Energy C...
News Release:  Zimtu Capital Corp. Announces Transaction with Umbral Energy C...News Release:  Zimtu Capital Corp. Announces Transaction with Umbral Energy C...
News Release: Zimtu Capital Corp. Announces Transaction with Umbral Energy C...
 
News Release: Zimtu Capital Corp. Announces Transaction with Belmont Resourc...
News Release:  Zimtu Capital Corp. Announces Transaction with Belmont Resourc...News Release:  Zimtu Capital Corp. Announces Transaction with Belmont Resourc...
News Release: Zimtu Capital Corp. Announces Transaction with Belmont Resourc...
 
Zimtu Research: Building A Non-Chinese Rare Earth Supply Chain (March 2016)
Zimtu Research:  Building A Non-Chinese Rare Earth Supply Chain (March 2016)Zimtu Research:  Building A Non-Chinese Rare Earth Supply Chain (March 2016)
Zimtu Research: Building A Non-Chinese Rare Earth Supply Chain (March 2016)
 
News Release: Zimtu Capital Corp Announces Transaction with 92 Resources Cor...
News Release:  Zimtu Capital Corp Announces Transaction with 92 Resources Cor...News Release:  Zimtu Capital Corp Announces Transaction with 92 Resources Cor...
News Release: Zimtu Capital Corp Announces Transaction with 92 Resources Cor...
 
News Release: Zimtu Capital Corp. Announces Transaction with MGX Minerals In...
News Release:  Zimtu Capital Corp. Announces Transaction with MGX Minerals In...News Release:  Zimtu Capital Corp. Announces Transaction with MGX Minerals In...
News Release: Zimtu Capital Corp. Announces Transaction with MGX Minerals In...
 
News Release: Early Warning Report
News Release:  Early Warning ReportNews Release:  Early Warning Report
News Release: Early Warning Report
 
Zimtu Roadtrip 2015 | Invitation | Frankfurt |
Zimtu Roadtrip 2015  |  Invitation  |  Frankfurt  |Zimtu Roadtrip 2015  |  Invitation  |  Frankfurt  |
Zimtu Roadtrip 2015 | Invitation | Frankfurt |
 
Zimtu Roadtrip 2015 | Invitation | Zurich |
Zimtu Roadtrip 2015  |  Invitation  |  Zurich  |  Zimtu Roadtrip 2015  |  Invitation  |  Zurich  |
Zimtu Roadtrip 2015 | Invitation | Zurich |
 
Zimtu Roadtrip 2015 | Invitation | Munich |
Zimtu Roadtrip 2015  |  Invitation  |  Munich  |Zimtu Roadtrip 2015  |  Invitation  |  Munich  |
Zimtu Roadtrip 2015 | Invitation | Munich |
 
A Closer Look at Nickel and the Unsustainable Current Reality (Zimtu Research...
A Closer Look at Nickel and the Unsustainable Current Reality (Zimtu Research...A Closer Look at Nickel and the Unsustainable Current Reality (Zimtu Research...
A Closer Look at Nickel and the Unsustainable Current Reality (Zimtu Research...
 
News Release: Zimtu Capital Corp. Announces Transaction with Pistol Bay Mini...
News Release:  Zimtu Capital Corp. Announces Transaction with Pistol Bay Mini...News Release:  Zimtu Capital Corp. Announces Transaction with Pistol Bay Mini...
News Release: Zimtu Capital Corp. Announces Transaction with Pistol Bay Mini...
 
News Release: Zimtu Capital Corp. Announces Appointments to Board of Directors
News Release:  Zimtu Capital Corp. Announces Appointments to Board of DirectorsNews Release:  Zimtu Capital Corp. Announces Appointments to Board of Directors
News Release: Zimtu Capital Corp. Announces Appointments to Board of Directors
 
News Release: Zimtu Capital Corp. Commences Field Work Program at Munn Lake ...
News Release:  Zimtu Capital Corp. Commences Field Work Program at Munn Lake ...News Release:  Zimtu Capital Corp. Commences Field Work Program at Munn Lake ...
News Release: Zimtu Capital Corp. Commences Field Work Program at Munn Lake ...
 
News Release: Zimtu Capital Corp. Closes Second & Final Tranche of Private P...
News Release:  Zimtu Capital Corp. Closes Second & Final Tranche of Private P...News Release:  Zimtu Capital Corp. Closes Second & Final Tranche of Private P...
News Release: Zimtu Capital Corp. Closes Second & Final Tranche of Private P...
 

Recently uploaded

VIP Call Girls Junagadh 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Junagadh 7001035870 Whatsapp Number, 24/07 BookingVIP Call Girls Junagadh 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Junagadh 7001035870 Whatsapp Number, 24/07 Booking
dharasingh5698
 
Corporate Presentation Probe Canaccord Conference 2024.pdf
Corporate Presentation Probe Canaccord Conference 2024.pdfCorporate Presentation Probe Canaccord Conference 2024.pdf
Corporate Presentation Probe Canaccord Conference 2024.pdf
Probe Gold
 
VIP Call Girls Kheda 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Kheda 7001035870 Whatsapp Number, 24/07 BookingVIP Call Girls Kheda 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Kheda 7001035870 Whatsapp Number, 24/07 Booking
dharasingh5698
 
Corporate Presentation Probe May 2024.pdf
Corporate Presentation Probe May 2024.pdfCorporate Presentation Probe May 2024.pdf
Corporate Presentation Probe May 2024.pdf
Probe Gold
 
Call Girls Chandigarh Just Call 8868886958 Top Class Call Girl Service Available
Call Girls Chandigarh Just Call 8868886958 Top Class Call Girl Service AvailableCall Girls Chandigarh Just Call 8868886958 Top Class Call Girl Service Available
Call Girls Chandigarh Just Call 8868886958 Top Class Call Girl Service Available
Sheetaleventcompany
 
Terna - 1Q 2024 Consolidated Results Presentation
Terna - 1Q 2024 Consolidated Results PresentationTerna - 1Q 2024 Consolidated Results Presentation
Terna - 1Q 2024 Consolidated Results Presentation
Terna SpA
 
VIP Call Girls Mehsana 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Mehsana 7001035870 Whatsapp Number, 24/07 BookingVIP Call Girls Mehsana 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Mehsana 7001035870 Whatsapp Number, 24/07 Booking
dharasingh5698
 

Recently uploaded (20)

Indapur - Virgin Call Girls Pune | Whatsapp No 8005736733 VIP Escorts Service...
Indapur - Virgin Call Girls Pune | Whatsapp No 8005736733 VIP Escorts Service...Indapur - Virgin Call Girls Pune | Whatsapp No 8005736733 VIP Escorts Service...
Indapur - Virgin Call Girls Pune | Whatsapp No 8005736733 VIP Escorts Service...
 
VIP Call Girls Junagadh 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Junagadh 7001035870 Whatsapp Number, 24/07 BookingVIP Call Girls Junagadh 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Junagadh 7001035870 Whatsapp Number, 24/07 Booking
 
Teekay Corporation Q1-24 Earnings Results
Teekay Corporation Q1-24 Earnings ResultsTeekay Corporation Q1-24 Earnings Results
Teekay Corporation Q1-24 Earnings Results
 
Dubai Call Girls O525547&19 Calls Girls In Dubai (L0w+Charger)
Dubai Call Girls O525547&19 Calls Girls In Dubai (L0w+Charger)Dubai Call Girls O525547&19 Calls Girls In Dubai (L0w+Charger)
Dubai Call Girls O525547&19 Calls Girls In Dubai (L0w+Charger)
 
ITAU EQUITY_STRATEGY_WARM_UP_20240505 DHG.pdf
ITAU EQUITY_STRATEGY_WARM_UP_20240505 DHG.pdfITAU EQUITY_STRATEGY_WARM_UP_20240505 DHG.pdf
ITAU EQUITY_STRATEGY_WARM_UP_20240505 DHG.pdf
 
Vijayawada ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready F...
Vijayawada ( Call Girls ) Pune  6297143586  Hot Model With Sexy Bhabi Ready F...Vijayawada ( Call Girls ) Pune  6297143586  Hot Model With Sexy Bhabi Ready F...
Vijayawada ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready F...
 
VVIP Pune Call Girls Parvati Gaon WhatSapp Number 8005736733 With Elite Staff...
VVIP Pune Call Girls Parvati Gaon WhatSapp Number 8005736733 With Elite Staff...VVIP Pune Call Girls Parvati Gaon WhatSapp Number 8005736733 With Elite Staff...
VVIP Pune Call Girls Parvati Gaon WhatSapp Number 8005736733 With Elite Staff...
 
(INDIRA) Call Girl Kashmir Call Now 8617697112 Kashmir Escorts 24x7
(INDIRA) Call Girl Kashmir Call Now 8617697112 Kashmir Escorts 24x7(INDIRA) Call Girl Kashmir Call Now 8617697112 Kashmir Escorts 24x7
(INDIRA) Call Girl Kashmir Call Now 8617697112 Kashmir Escorts 24x7
 
VVIP Pune Call Girls Handewadi WhatSapp Number 8005736733 With Elite Staff An...
VVIP Pune Call Girls Handewadi WhatSapp Number 8005736733 With Elite Staff An...VVIP Pune Call Girls Handewadi WhatSapp Number 8005736733 With Elite Staff An...
VVIP Pune Call Girls Handewadi WhatSapp Number 8005736733 With Elite Staff An...
 
Corporate Presentation Probe Canaccord Conference 2024.pdf
Corporate Presentation Probe Canaccord Conference 2024.pdfCorporate Presentation Probe Canaccord Conference 2024.pdf
Corporate Presentation Probe Canaccord Conference 2024.pdf
 
Balaji Nagar ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready...
Balaji Nagar ( Call Girls ) Pune  6297143586  Hot Model With Sexy Bhabi Ready...Balaji Nagar ( Call Girls ) Pune  6297143586  Hot Model With Sexy Bhabi Ready...
Balaji Nagar ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready...
 
VIP Call Girls Kheda 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Kheda 7001035870 Whatsapp Number, 24/07 BookingVIP Call Girls Kheda 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Kheda 7001035870 Whatsapp Number, 24/07 Booking
 
Dattawadi ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready Fo...
Dattawadi ( Call Girls ) Pune  6297143586  Hot Model With Sexy Bhabi Ready Fo...Dattawadi ( Call Girls ) Pune  6297143586  Hot Model With Sexy Bhabi Ready Fo...
Dattawadi ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready Fo...
 
Corporate Presentation Probe May 2024.pdf
Corporate Presentation Probe May 2024.pdfCorporate Presentation Probe May 2024.pdf
Corporate Presentation Probe May 2024.pdf
 
Call Girls Chandigarh Just Call 8868886958 Top Class Call Girl Service Available
Call Girls Chandigarh Just Call 8868886958 Top Class Call Girl Service AvailableCall Girls Chandigarh Just Call 8868886958 Top Class Call Girl Service Available
Call Girls Chandigarh Just Call 8868886958 Top Class Call Girl Service Available
 
Terna - 1Q 2024 Consolidated Results Presentation
Terna - 1Q 2024 Consolidated Results PresentationTerna - 1Q 2024 Consolidated Results Presentation
Terna - 1Q 2024 Consolidated Results Presentation
 
Collective Mining | Corporate Presentation - May 2024
Collective Mining | Corporate Presentation - May 2024Collective Mining | Corporate Presentation - May 2024
Collective Mining | Corporate Presentation - May 2024
 
AMG Quarterly Investor Presentation May 2024
AMG Quarterly Investor Presentation May 2024AMG Quarterly Investor Presentation May 2024
AMG Quarterly Investor Presentation May 2024
 
Nicola Mining Inc. Corporate Presentation May 2024
Nicola Mining Inc. Corporate Presentation May 2024Nicola Mining Inc. Corporate Presentation May 2024
Nicola Mining Inc. Corporate Presentation May 2024
 
VIP Call Girls Mehsana 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Mehsana 7001035870 Whatsapp Number, 24/07 BookingVIP Call Girls Mehsana 7001035870 Whatsapp Number, 24/07 Booking
VIP Call Girls Mehsana 7001035870 Whatsapp Number, 24/07 Booking
 

News Release: Property Transaction with Strike Graphite Corp.

  • 1. ZIMTU CAPITAL CORP. ANNOUNCES PROPERTY TRANSACTION WITH STRIKE GRAPHITE CORP. February 14, 2012 - Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the “Company” or “Zimtu”) is pleased to announce that the Company and three prospecting partners have signed an agreement with Strike Graphite Corp. (TSXv: SRK) (“Strike”) whereby Strike can earn a 100%-interest in the Wagon Graphite Property located in southwestern Quebec. The Wagon Property consists of three separate claim blocks totaling approximately 3,000 hectares situated within the vicinity (approx. 15 km east) of Timcal’s Lac des Iles Graphite Mine, 150 km northwest of Montreal. Lac des Iles is the largest of two Canadian graphite producers. It has been in production for over twenty years and produces graphite products of various sizes and purities. For its participation in the transaction, Zimtu will receive staged cash and share payments from Strike as follows: (i) $3,750 on signing; (ii) $3,750 and 125,000 common shares on acceptance by the TSX Venture Exchange (“TSXv”); (iii) $5,000 and 125,000 common shares 6 months from the date of TSXv acceptance; and (iv) 125,000 common shares 12 months from the date of TSXv acceptance. Zimtu’s three prospecting partners will each receive cash and share considerations equal to that of Zimtu. The vendors will collectively retain a 2% Net Smelter Royalty on the properties. During the period which is 12 months from the date of TSXv acceptance, Strike will complete a minimum of $100,000 of exploration on the property. Graphite Market Global consumption of natural graphite has increased from ~600,000 in 2000 to 1.2 MM t in 2012. Demand for graphite has been increasing by approximately 5% per year since 2000 due to the ongoing modernization of China, India and other emerging economies, resulting in strong demand from traditional end uses such as the steel and automotive industries. Graphite also has many important new applications such as lithium-ion batteries, fuel cells and nuclear and solar power that have the potential to create significant incremental demand growth. There is roughly 20-30 times more graphite required by weight to produce a lithium-ion battery than there is lithium. Demand for graphite is expected to rise as electric vehicles and lithium battery technology are adopted as well as increasing uses in new technology applications.
  • 2. Natural graphite comes in several forms: flake, amorphous and lump. Of the 1.2 million tonnes of graphite produced annually, approximately 40% is of the most desirable flake type. China, which produces about 70% of the world's graphite, is seeing production and export growth leveling and export taxes and a licensing system have been instituted. A recent European Commission study regarding the criticality of 41 different materials to the European economy included graphite among the 14 materials high in both economic importance and supply risk (Critical Raw Materials for the EU, July 2010). Graphite prices have been increasing in recent months and over the last couple of years prices for large flake, high purity graphite (+80 mesh, 94-97%C) have more than doubled. Wagon Property The Wagon Property was originally explored by Graphicor Resources Inc. (“Graphicor”) in 1989 based on the results of a helicopter-borne EM survey. Ground exploration followed in 1990. The geology of the property is consistent with the Central Metasedimentary Belt of the Grenville Province and includes quartzofeldspathic rocks, quartzite, biotite gneiss, marble and locally pegmatitic quartzofeldspathic rocks. Graphite is locally present in quartzite and biotite gneiss and in shear zones where the graphite content usually ranges from 3% to 7% Cg exhibiting flakes up to 3 mm in diameter. Large flake graphite is generally considered as 0.2 mm and above. Prospecting and reconnaissance geological mapping followed by line cutting and multifrequency-coil separation Maxmin II and Mise-à-la-Masse surveys identified multiple zones of parallel conductors. According to reports by Derry, Michener, Booth & Wahl (“DMBW”), graphite is present in all lithologies on the property. DMBW wrote: “Diamond drilling is warranted to test the prospective regions of this property.” About one hundred outcrops were located on the property. 15 were sampled and returned assays of 0.57% to 18.13% Cg. The highest grades were more frequently from the paragneiss lithologies. The property covers 18 km strike length of the formations. Wagon Property – Sampling Results Area Outcrop number Sample Number Percent Graphite North Block K1 51001 13.73 K3 51002 1.31
  • 3. K4 51003 7.83 K6 51004 1.88 K7 51005 4.36 K9 51006 2.07 K10 51007 5.33 Center Block K27 na 4.17 K31 na 4.78 K33 na 3.45 K34 na 2.01 na 42413 2.07 na 42414 3.27 na 42415 2.64 na 42416 14.14 East Block na 42418 1.02 na 42419 0.57 na 42420 1.22 na 42421 18.13 Maps are available for download on Strike’s website at: http://www.strikegraphite.com/ The Company cautions that it has not verified the quality and accuracy of the historic sampling results reported in this news release which predate the introduction of National Instrument 43-101 and cautions readers not to rely upon them. The historic figures were generated from sources believed to be reliable, however, they have not been confirmed. Although the sampling results are relevant, they have not been verified. Strike plans to mount an aggressive exploration campaign on the property commencing with a complete compilation of historic geologic work followed by surface mapping, prospecting, mineral testing and processing, and follow-up diamond drilling. The optioned claims were acquired by the Company 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 to make available for sale or joint venture. As part of the Company’s business, Zimtu provides mineral property advisory services and helps to connect companies with mineral properties of interest.
  • 4. Jean-Sebastien Lavallée (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release. About Zimtu Capital Corp. Zimtu Capital Corp. invests in, creates and grows natural resource companies thereby providing a way for shareholders to indirectly participate and profit in the public company building process. The Company also provides mineral property advisory services helping to connect companies to properties of interest. Zimtu Capital trades on the TSX Venture Exchange under the symbol “ZC” and the Frankfurt Stock Exchange under the symbol “ZCT1.” For more information please visit the corporate website at http://www.zimtu.com or contact: Kevin Bottomley Shareholder Services Toll Free: 1.877.377.6222 Phone: 604.681.1568 Email: kevin@zimtu.com On Behalf of the Board of Directors ZIMTU CAPITAL CORP. “David Hodge” David Hodge President & Director Phone: 604.681.1568 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include that Strike can earn a 100%-interest in the Wagon Graphite Property; that in consideration for its interest, Zimtu will receive staged cash and share payments from Strike, that Zimtu's partners will receive cash and share consideration equal to that of Zimtu; that the vendors will collectively retain a 2% NSR on the property; that Strike plans to mount an aggressive exploration campaign on the Wagon Property commencing with a complete compilation of historic geologic work followed by surface mapping, prospecting, mineral testing and processing, and
  • 5. follow-up diamond drilling; and that Zimtu with the support of its prospecting partners will continue to evaluate and acquire prospective resource properties to make available for sale or joint venture. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Readers should refer to the risk disclosures outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.