ZURICH, SWITZERLAND / ACCESSWIRE / December 10, 2018 / When a sparkling piece of rock draws the attention of Zimtu Capital Corp. (TSX.V: ZC; OTCQB: ZTMUF; Frankfurt: ZCT1) to create a new company, you know something is up. And when someone with the calibre of Jared Musk, pardon me Jared Lazerson (CEO of MGX Minerals Inc. and MGX Renewables Inc.), becomes a Director of that new company, you better sit up straight and watch closely what is about to come to light.
Iridescence is the phenomenon of certain materials that appear to gradually change colour as the angle of view, or the angle of illumination, changes. Zimtu Capital is specialized in a similar phenomenon, namely the identification of underexplored mineral properties which are nowadays worthy of rebooting as our perspective of resources and their application in modern life change over time, as being the case with the importance of certain technology metals.
The Blue Property in British Columbia saw some sporadic exploration efforts in the 1970s. A company called Rio Plata Silver Mines, obviously looking for silver, drilled 175 m of 0.27% copper from surface including 27 m of 1.2% copper. Cobalt was not even assayed for as its industrial importance was negligible. (See full report for discussion of the historical data.)
What looked like low-grade copper back in the days is nowadays – thanks to innovative processing technology – being mined with great success elsewhere around the globe; e.g. at the Copper Mountain Mine near Princeton in British Columbia with probable reserves of 0.22% copper.
The full report can be accessed with the following links:
English (web version): http://www.rockstone-research.com/index.php/en/research-reports/5264-Born-To-Revive-Zimtu-Capital-creates-Core-Assets-to-go-after-cobalt-and-copper
English (PDF): http://rockstone-research.com/images/PDF/Zimtu9en.pdf
German (PDF): http://rockstone-research.com/images/PDF/Zimtu9de.pdf
German (web version): http://rockstone-research.com/index.php/de/research-reports/5263-Geboren-um-zu-Beleben-Zimtu-Capital-gruendet-Core-Assets-fuer-das-Blue-Kupfer-Cobalt-Projekt
Disclaimer: This report contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Research and Zimtu Capital Corp. caution investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Zimtu Capital Corp.´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Zimtu Capital Corp.´s profile on SEDAR at www.sedar.com. Please read the full disclaimer within the above mentioned full research report as a PDF, because fundamental risks and conflicts of interest exist. The author, Stephan Bogner, holds a long position in Zimtu Capital Corp. and is being paid by Zimtu Capital Corp. for the preparation, publication and distribution of this report.
SOURCE: Rockstone Research