Zimtu Capital Corp. Options 100% of Its Interest in the Blue Copper-Cobalt Property, Atlin B.C. After Positive Exploration Results

About this update from Zimtu Capital Corp.

[{"type":"text","content":"Zimtu Capital Corp. Options 100% of Its Interest in the Blue Copper-Cobalt Property, Atlin B.C. After Positive Exploration ResultsVANCOUVER, BC / ACCESSWIRE / December 10, 2018 / Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) (the \"Company\") is pleased to announce that after receiving positive results in the 2018 field season, it has entered into an agreement with Core Assets Corp., a private B.C. company, to option its 100% owned, Blue Copper-Cobalt Property (the \"Blue Property\") located southwest of Atlin, British Columbia.The PropertyThe initial land position of 1 km² was acquired through a group of local prospectors; thereafter Zimtu Capital acquired an addition land area of 10.3 km² by staking. The Blue Property now consists of two mineral licenses encompassing an area of 11.3 km² located 48 km southwest of Atlin, B.C. The exploration program focused on targeting historically identified copper and cobalt in a magnetite rich rock unit. Map 1. Regional location, Blue Copper-Cobalt PropertySampling ProgramThe program consisted of the collection of 28 rock grab samples: four grab samples from bed rock in the historical \"French Adit\" sampled every 10-12 meters; six grab samples from the exterior area of the 'French Adit\" (rubble from potential mine dump); and two samples from bedrock, 10 meters south of the \"French Adit.\" Eleven samples were taken from bedrock in the area of the historical \"North Adit\" and five samples were collected from areas of the northernmost extent of the property. All areas of sampling returned very promising assay values. Map 2. Sample locations 1 & 2 Map 3. Sample location 1 Map 4. Sample location 2Rocks sampled from the \"French Adit\" area assayed up to 1.56 g/t gold, 43.3 g/t silver and 8.46% copper.Rocks sampled from the \"North Adit\" area assayed up to 1.57 g/t gold, 46.5 g/t silver and 1.86% copper. Bornite sample in limestone rich magnetite, collected from outside the \"French Adit\" Cu staining visible south of the \"French Adit\"Blue Property Historical ExplorationThe Blue Property has undergone multiple exploration programs over the years, focusing mainly on the Cu-Au-Ag mineralization in skarns. The property has had limited work completed for cobalt. In the early 1950's an academic thesis completed for the University of British Columbia examined the petrography of th...

More updates from Zimtu Capital Corp.