Zimtu Capital Corp. (TSXv: ZC) announced the commencement of field work on the Munn Lake Property located in the Slave Craton, Northwest Territories. The field work will consist of Kimberlite Indicator Mineral ("KIM") sampling in order to validate the historic sampling work and provide additional insight into the diamondiferous potential of each area.
News Release: Zimtu Capital Corp. Commences Field Work Program at Munn Lake Property
1. ZIMTU CAPITAL CORP. COMMENCES EXPLORATION PROGRAM AT THE MUNN
LAKE PROPERTY
August 25, 2015 – Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (“Zimtu” or the “Company”) is
pleased to announce the commencement of field work on the Munn Lake Property (“Property”)
located in the Slave Craton, Northwest Territories. The field work will consist of Kimberlite
Indicator Mineral (“KIM”) sampling in order to validate the historic sampling work and provide
additional insight into the diamondiferous potential of each area.
The Munn Lake Diamond Property is situated in the midst of the Southern Slave kimberlite field,
approximately 35 km east of the producing De Beers Snap Lake Diamond Mine and 40 km
northwest of the De Beers Gahcho Kué Project scheduled to commence diamond production in
2016.
Historic exploration included the collection of over 2,500 samples and has identified at least five
distinct mineral trains. The diamondiferous Munn Lake Sill has been identified as the source of
only one of the five KIM trains. The four remaining KIM trains on the Property have seen
substantially little follow up work by the previous operator, and there is believed to be a high
potential for the discovery of up to four new kimberlites.
Historic Exploration Highlights:
Between 1996 and 2007, SouthernEra Resources Ltd. acted as the operator of the
diamond exploration program at Munn Lake. The bulk of the historic work was
conducted between 1996 and 1999.
Diamondiferous "Yuryi" Boulder Field**
o 226 diamonds, including 62 macro-diamonds returned from 581 Kg sample
o Boulders up to 25 m in diameter
Diamondiferous Munn Lake Sill***
o 14 diamonds including 2 macro-diamonds and 12 micro-diamonds returned from
42 kg sample
o Drill-indicated total length of 1.3 km
o True thickness between 12 m - 0.25 m
Four additional Kimberlite Indicator Mineral (KIM) trains on the property, sources yet to
be identified.
** SouthernEra news release, February 18th, 1999
*** SouthernEra news release, June 8th, 1999.
Additionally the project benefits from existing infrastructure with the Gahcho Kué seasonal
supply road transecting the Property.
2. Prima Diamond Corp. (Prima) had previously entered into an option agreement to acquire 100%
of the Munn Lake Diamond Property from Zimtu and one of its staking partners. Prima has not
received TSX Venture Exchange approval of the option agreement. Zimtu and its staking
partner have decided to commence the above outlined field work program at the property. The
exploration work is intended to advance the knowledge of the project. The results of the
program may result in a renegotiation of the option agreement. Without regulatory approval,
Zimtu and its staking partner will continue to look at the best alternative opportunities to
advance the project.
NI 43-101 Disclosure
Mr. Neil McCallum, P.Geo., a Qualified Person as defined by National Instrument 43-101, read
and approved the disclosure of the technical information in this news release.
About Zimtu Capital Corp.
Zimtu Capital Corp. is a public investment issuer that invests in, creates and grows natural
resource companies thereby providing a way for shareholders to indirectly participate and profit
in the public company building process. The Company also provides mineral property project
generation and 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.
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
“David Hodge”
David Hodge
President & Director
Phone: 604.681.1568
Neither the 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.
Disclaimer for Forward-Looking Information
This press release contains projections and forward-looking information that involve various risks and
uncertainties regarding future events. Forward looking statements in this new release include but are not
limited to the commencement of field work; that sampling will validate historic work and provide insight
into the diamondiferous potential of each area; Zimtu has not independently analyzed the historical
3. results and therefore they should not be relied upon although Zimtu believes these historical results
provide an indication of the potential of the property and the results may be relevant to commencement of
the planned field work. No assurance can be given that any of the events anticipated by the forward-
looking statements will occur or, if they do occur, what benefits the Company will obtain from them.
These forward-looking statements reflect management’s current views and are based on certain
expectations, estimates and assumptions which may prove to be incorrect. A number of risks and
uncertainties could cause the Company’s actual results to differ materially from those expressed or
implied by the forward-looking statements, including: a downturn in general economic conditions in North
America and internationally and other factors beyond the Company’s control. These and all subsequent
written and oral forward-looking information are based on estimates and opinions of management on the
dates they are made and expressly qualified in their entirety by this notice. Except as required by law, the
Company assumes no obligation to update forward-looking information should circumstances or
management’s estimates or opinions change.