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Zimtu Capital Corp. announces copper-gold porphyry property transaction with Trivello Energy Corp.
Zimtu Capital Corp. announces copper-gold porphyry property transaction with Trivello Energy Corp.
About this update from Zimtu Capital Corp.
[{"type":"text","content":"\n\n\n\n Aug. 4, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nVANCOUVER, Aug. 4 /CNW/ - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (the "Company" or "Zimtu") is pleased to announce that it has acted as one of the property vendors in Trivello Energy Corp.'s (TSXv:TRV) (FSE:T6U1) ("Trivello") acquisition of the Day Copper-Gold Porphyry Property located in north-central British Columbia.\nFor its participation in the Trivello transaction the Company will receive C$25,000 and 2,500,000 common shares subject to approval by Trivello shareholders and the TSX Venture Exchange. The vendors will retain a 2% Net Smelter Return ("NSR") royalty, 1% of which may be purchased by Trivello for C$1,000,000.\nThe Day Property is host to significant porphyry copper-gold mineralization which was originally discovered and later drilled by Falconbridge. The project is located in the Toodoggone region, an area which has seen a significant increase in mineral exploration for copper, gold, and silver deposits in recent years. Notable porphyry projects in the belt include: Northgate Minerals Corp.'s (TSX:NGX) Kemess South and North Projects, Terrane Metals Corp.'s (TSXv:TRX) Mount Milligan Project, and Serengeti Resources Inc.'s (TSXv:SIR) Kwanika Project.\nZimtu 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.\nFor additional information on our mineral property advisory services, and opportunities available, contact Ryan Fletcher, Corporate Development at 604.681.1568 or via email at [email protected].\n\nAbout Zimtu Capital Corp.\n\nZimtu Capital Corp. is a TSX Venture listed investment company that invests in, creates and grows natural resource companies thereby providing a way for investors to particip...