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Enter Symbol
or Name
USA
CA



Zimtu Capital Corp (2)
Symbol ZC
Shares Issued 15,394,483
Close 2018-08-17 C$ 0.26
Market Cap C$ 4,002,566
Recent Sedar Documents

Zimtu to option Lac Patu to Maxtech

2018-08-21 06:43 ET - News Release

Mr. David Hodge reports

ZIMTU CAPITAL CORP. ANNOUNCES TRANSACTION WITH MAXTECH VENTURES INC. FOR LAC PATU VANADIUM PROJECT

Zimtu Capital Corp. and one of its prospecting partners have signed an option agreement with Maxtech Ventures Inc. whereby over a two-year period, Maxtech Ventures can earn a 100-per-cent-interest in the Lac Patu vanadium project located in the Nunavik region, Quebec.

For its participation in the transaction, Zimtu will receive $92,500 and 1,625,000 common shares of Maxtech Ventures on or before Sept. 30, 2020. Zimtu's prospecting partner will receive cash and share considerations equal to that of Zimtu. The vendors will collectively retain a 2-per-cent net smelter royalty on production, 1 per cent of which can be purchased by Maxtech Ventures for $1-million.

Lac Patu vanadium project

The Lac Patu vanadium project was staked directly north and along the trend of Uranor's uranium discovery at Lac Minowean. In 2008, Uranor, with the collaboration of Areva Quebec Inc., conducted an airborne geophysical survey over its Lac Minowean project and outlined several distinct areas of high magnetism. Consequently in 2009, Uranor and Areva conducted a follow-up versatile time domain electromagnetic (VTEM) survey over the area locating several targets, and only those with high radioactivity were drilled. These nine drill holes on the east side of Lac Minowean found uranium, copper, cobalt and vanadium. Geochemical values from drilling were reported as 8.03 per cent vanadium (14.0 per cent vanadium pentoxide (V2O5)), 1.76 per cent cobalt and 1.50 per cent copper over 0.5 metre in the underlying dolomite.

Zimtu, along with its prospecting partners, continues to evaluate and acquire prospective resource properties for sale or joint venture. As part of the company's business, Zimtu provides mineral property project generation and advisory services and helps to connect companies with mineral properties of interest.

About Zimtu Capital Corp.

Zimtu Capital is a public investment issuer that invests in, creates and grows natural resource companies. The company also provides mineral property project generation and advisory services helping to connect companies to properties of interest.

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