Reading this makes me go Ba-Bamm Zen.
The Albany hydrothermal style graphite deposit is located near all types of infrastructure, including a gas line, hydro line and the Trans Canada Highway which is located 30km to the south, as well as a rail line 70km away. Not only did Zenyatta catch a break from Mother Nature, but they found themselves in a geographically beneficial location as well, in the friendly mining district of northeastern Ontario.
Essentially, the Zenyatta story is braced by the possibility for low-cost production into a high-revenue sector. It’s the kind of story not often found in the industry, benefitting from an incredibly rare geological discovery.
On the heels of the 2012 drilling campaign, Zenyatta will now be focusing on defining the size and grade of its rare findings. This year’s drilling program will be bigger and yield more results, and compliment last year’s campaign that intersected a large mineralized zone of graphitic breccia and veining. Those results yielded up to 6.6% carbon over 170 meteres, from widely spaced drill holes. Nine holes were drilled, and established widespread graphite mineralization laterally for several hundred metres and to a vertical depth of 400m, where it remains open.
The drilling program currently underway will consist of a minimum of 10,000 metres, and will further test the extent of the Geotech VTEM airborne conductor that measures 1400m east-west by 800m north-south. This program will require 40 holes and test the theory of two separate graphite breccia pipes. It should go on until August, at which time the company plans to calculate a NI 43-101 resource estimate.
With a fully funded $4 million exploration program set for 2013, and still a lot of news to come, Zenyatta appears poised to make this year as monumental as 2012. Through continued drilling and metallurgical work, the company should be able to convince any remaining doubters that they have something truly remarkable in their high-purity hydrothermal Albany graphite deposit; a one of kind freak of nature.