|August 04, 2010|
Zimtu Capital Corp. Announces Copper-Gold Porphyry Property Transaction with Trivello Energy Corp.
|Zimtu Capital Corp. (TSXv: ZC) (FSE: ZCT1) (the "Company" or "Zimtu") is pleased to announce that it has acted as one of the property vendors in Trivello Energy Corp.'s (TSXv:TRV) (FSE:T6U1) ("Trivello") acquisition of the Day Copper-Gold Porphyry Property located in north-central British Columbia.|
For its participation in the Trivello transaction the Company will receive C$25,000 and 2,500,000 common shares subject to approval by Trivello shareholders and the TSX Venture Exchange. The vendors will retain a 2% Net Smelter Return ("NSR") royalty, 1% of which may be purchased by Trivello for C$1,000,000.
The Day Property is host to significant porphyry copper-gold mineralization which was originally discovered and later drilled by Falconbridge. The project is located in the Toodoggone region, an area which has seen a significant increase in mineral exploration for copper, gold, and silver deposits in recent years. Notable porphyry projects in the belt include: Northgate Minerals Corp.'s (TSX:NGX) Kemess South and North Projects, Terrane Metals Corp.'s (TSXv:TRX) Mount Milligan Project, and Serengeti Resources Inc.'s (TSXv:SIR) Kwanika Project.
Zimtu continues to evaluate and acquire prospective resource properties to make available for sale or joint venture. As part of the Company's business, Zimtu provides mineral property advisory services and helps to connect companies with mineral properties of interest.
For additional information on our mineral property advisory services, and opportunities available, contact Ryan Fletcher, Corporate Development at 604.681.1568 or via email at email@example.com.
On Behalf of the Board of Directors
ZIMTU CAPITAL CORP.
President and Director
Tel: 604 681 1568
TF: 877 377 6222
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 Zimtu's receiving of shares and/or cash for its role as vendor or finder of certain mineral properties, Zimtu's evaluation and acquiring of properties for partnership and Zimtu's providing mineral property advisory services and assisting to connect companies with mineral properties of interest.
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.
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