Zimtu Capital Corp. announces equity holding Kapuskasing Gold (TSXv: KAP) re-opens for trading following acqusition of gold properties in Borden Gold District, Ontario

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[{"type":"text","content":"\n\n\nVANCOUVER, March 18, 2014 /CNW/ - Zimtu Capital Corp. (TSXv: ZC; FSE:\n ZCT1) (the \"Company\" or \"Zimtu\") is pleased to announce that at the\n open of market today one of its core equity holdings Olympic Resources\n Ltd. re-opened for trading under its new name Kapuskasing Gold Corp.\n (\"Kapuskasing\") and new symbol TSXv: KAP.\n\n\nZimtu currently holds 2,490,000 common shares of Kapuskasing\n representing approximately 14% of the total 17,556,922 issued and\n outstanding common shares as well as 1,000,000 warrants at C$0.10 with\n an expiry of February 4, 2019.\n\n\nKapuskasing recently announced that it has, subject to TSX Acceptance,\n agreed to acquire the Borden North and Rollo gold exploration\n properties located near Chapleau, Ontario. The Borden North Property is\n situated along the southern flank of the Kapuskasing Structural Zone\n approximately 50 km northeast of Probe Mines' Borden Gold project. The\n Rollo Property is situated within the Destor-Porcupine Fault Zone,\n which hosts several million ounce plus gold producers in the nearby\n Timmins camp, and sits between IAMGold's Cote Lake gold deposit and the\n Borden Gold project.\n\n\nProbe Mines' Borden Gold project was discovered in 2010 and now hosts a\n multi-million ounce gold zone. The Probe exploration team, along with\n prospector Mike Tremblay, (see advisory board below), have been recognized with the \"2013 Ontario Prospector Award\" for the\n Borden Gold Discovery, during the OPA recent awards ceremony.\n\n\nIn conjunction with the announced acquisitions, Kapuskasing also\n announced the appointment of Mr. Garry Clark, a Qualified Person (P.\n Geo. - Ontario) under NI 43-101, as Exploration Manager and as a\n Director of Kapuskasing.\n\n\nGarry Clark, B.Sc. P.Geo.: Mr. Garry Clark brings a wealth of experience, knowledge and skills to\n Kapuskasing having focused the majority of his career in northern\n Ontario. He has held various exploration positions with both major and\n junior explorers since the late 1980's. Mr. Clark has been the\n Executive Director of the Ontario Prospectors Association (OPA) since\n its restructuring in 2000 and has been a Director, Vice President or\n President of the OPA since its formation in the early 1990's. The\n Ontario Prospectors Association is focused on providing the mineral\n explorers of Ontario a stron...

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