ZIMTU CAPITAL CORP. COMPLETES GENERATIVE RARE EARTH ELEMENT
EXPLORATION IN BRITISH COLUMBIA
September 23, 2010 - Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (“Zimtu” or the
“Company”) is pleased to announce that the Company has completed initial field programs
over a number of rare earth element projects staked in British Columbia as part of the
Company’s joint venture for project generation with private partners Cathro Resources Corp.
and Cazador Resources Ltd. (collectively “C&C”), Dahrouge Geological Consulting Ltd. and
C&C – Zimtu
C&C – Zimtu projects were initially selected by the joint venture after an assessment of
geological environments prospective for rare earths and a detailed review of government
stream and lake sediment geochemistry databases. Targets were then refined using
geology, airborne magnetics, known mineral prospects, access and land use considerations.
An initial field program has been completed to conduct a preliminary economic assessment
of the projects for rare earth elements and rare metals (tantalum and niobium)
The ten day field program was carried out by TerraLogic Exploration Inc. and included
prospecting and silt sampling by two geologists and two support personnel equipped with a
hand held XRF unit capable of in situ elemental analysis. Of the total twelve properties,
seven were visited and examined. A total of 21 rock samples and 77 silt samples were
collected and have been submitted to ACME analytical laboratories in Vancouver, British
Columbia with results pending.
Preliminary observations are encouraging with several samples returning anomalous yttrium
(an important indicator element for REEs) and niobium values as determined by handheld
XRF. Once the analytical results are received and assessed, Zimtu and its partners will
review the projects and, based on the results, endeavor to identify partners to option and
advance the prospects.
Dahrouge - Zimtu
The Dahrouge-Zimtu projects consist of four claims located in the emerging Wicheeda rare
earth carbonatite camp approximately 80km northeast of Prince George. Of the claims,
three include magnetic high targets and one magnetic low target. Several companies are
conducting exploration (including drilling) in the Wicheeda rare earth camp with results
pending. These properties will be re-assessed following the release of exploration results
from the area.
Javorsky - Zimtu
The Javorsky-Zimtu claims consist of four properties located in the Rocky Mountain Rare
Metal Belt of British Columbia. Three of the claims have undergone testing in which twenty
soil and stream sediment samples were assayed, tested, and subsequently yielded
indicative and encouraging results.
The C&C-Zimtu, Dahrouge-Zimtu and Javorsky-Zimtu projects are located along the Rocky
Mountain Rare Metal Belt, which roughly follows the Rocky Mountain trench, a major
continental geologic feature which is recognized as the locus of numerous alkaline intrusions
enriched in rare earths and rare metals. Much of the belt has seen very little exploration
incorporating current models and modern technology. Notable projects in the belt include
Taseko Mines Ltd’s (TSX:TKO) Aley Niobium Project, Spectrum Mining Corp.’s (Private)
Wicheeda Rare Earth Project, and Commerce Resources Corp.’s (TSXv: CCE) Blue River
Tantalum-Niobium Project. A map showing the location of the multiple projects within the
Rocky Mountain Rare Metal Belt is available for download at:
As part of the Company’s business, Zimtu provides mineral property advisory services and
helps to connect companies with mineral properties of interest. Under the terms of the
partnerships, the properties are held on a 50-50% joint venture basis, and the proceeds from
the sale of any or all of the properties will be shared equally by the Company and partners.
Zimtu is also pleased to announce that the Company has sponsored funding for a University
of British Columbia (“UBC”) Postdoctoral Research Fellow, Dr. Leo Milloning, who over the
next two years will be undertaking an overall scientific study of the mineralization and
geochemistry of rare earth and rare metal bearing deposits along the Rocky Mountain Rare
Dr. Milloning was born in Germany and completed his undergraduate and graduate studies
at the Department of Geodynamics and Geomaterial Research at the University of
Würzburg. He has authored several scientific reports and has recently joined Professor Lee
A. Groat’s Mineralogical Research Group at UBC. Over the last several months Leo has
been in the field studying rare earth and rare metal deposits throughout British Columbia
alongside Zimtu geologists and consultants.
Dave Hodge, President of Zimtu commented: “We are pleased to be supporting the research
being conducted by Leo and the team at the University of British Columbia’s Mineralogical
Research Group. Leo’s research will bring benefits to our understanding of mineralization
and exploration potential within the Rocky Mountain Rare Metal Belt. Supporting his
research is important to us and will provide a permanent benefit to the geologic and scientific
In addition, Zimtu will be participating in the British Columbia Ministry of Energy, Mines and
Petroleum Resources’ Geology of Rare Metals International Workshop on November 9-10 in
Victoria, BC. For more information, visit
NI 43-101 Disclosure
Jody Dahrouge, P.Geo., a qualified person as defined by National Instrument 43-101,
supervised the preparation of the technical information in this news release.
About Zimtu Capital Corp.
Zimtu 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 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:
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
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 Zimtu and its partners will review and assess
the analytical results for the projects and endeavor to identify partners to option and advance the projects;
that the properties in the joint venture will be sold and the proceeds shared equally by the Company and
C&C; and that Dr. Leo Milloning will undertake an overall scientific study of the mineralization and
geochemistry of rare earth and rare metal bearing deposits along the Rocky Mountain Rare Metal Belt over
the next two years.
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.