Touchdown Options Graphite Property With Mag Low Adjacent to Zenyatta and Near
Caribou King Resources
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/16/13 -- Touchdown
Resources Inc. (TSX VENTURE:TDW) ("Touchdown Resources" or the
"Company") is pleased to announce that it has acquired a 100%
interest in 24 claims, totaling 416 hectares, in Ontario.
The claims are adjacent to Zenyatta Ventures Ltd., on the west and
cover an historic Mag Low identified on the Map 3890G 42K/2 District
of Cochrane Ontario Aeromagnetics map outlining surveys flown from
1965 to 1967 in Ontario in joint venture with the Geological Survey
of Canada and the Ontario Department of Mines. These claims are
located approximately 5km northeast from Caribou King Resources Ltd.,
which has recently announced historic results of drilling that
intercepted Graphite and historic multiple EM conductors.
Caribou King Resources Ltd., announced on September 11, 2013,
"...multiple EM conductors identified at Mulloy graphite near the
Zenyatta Albany Graphite project," and historic work "... located 10
kilometres west of the Zenyatta Ventures Ltd. Albany graphite project
identified four horizontal loop EM (HLEM) conductors that are near
historic drilling that encountered graphite in 18.68 metres of
graphitic schist, followed by a second graphitic schist intersected
over 19.78 metres for a total of 38.46 metres (see their news
release, Aug. 15, 2013)."
Zenyatta Ventures Ltd. is exploring its 100% owned Albany Graphite
discovery which is a hydrothermal type Graphite discovery. Zenyatta
is delineating by drilling, two graphite rich hydrothermal vents and
recently announced on September 4, 2013, "To date, 13 holes have been
drilled on the West pipe, and 25 holes have been drilled on the East
pipe. The current drill campaign contemplates an additional eight to
10 definition holes on both pipes and three large-diameter (HQ) holes
on the East pipe to recover a five-tonne bulk sample for
The Company has not been able to verify the information quoted herein
and cannot guarantee that similar mineralization will be found on the
Company's newly acquired Albany NE claims. The terms of the Agreement
for the Albany NE claims are $10,000 on signing and 2 million shares
subject to regulatory approval. Alexander Stares has recently filed a
dispute regarding the Albany NE claims however the claims have been
filed, recorded and accepted by the Ontario Mining Recorder and have
Although the technical information disclosed herein is for properties
adjacent to those of the Company's new claims, the technical contents
of this release were approved by Brent Butler, a qualified person as
defined by National Instrument 43-101. The property has not been the
subject of a National Instrument 43-101 report, and Brent Butler has
not verified the technical data disclosed in this release.
On Behalf of the Board,
Touchdown Resources Inc.
"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
Touchdown Resources Inc.
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