ONTARIO – Zenyatta Ventures of Thunder Bay, ON, has won the Bernie Schnieders Discovery of the Year Award for tis Albany vein type graphite deposit west of Hearst. The award was made in April by the Northwest Ontario Prospectors Association (NWOPA) to recognize an exceptional discovery in the province during 2012.
Zenyatta believes that the Albany deposit is the largest (and only) vein type (hydrothermal) graphite deposit on the brink of development in the world. It is close to the surface, and metallurgical tests yielded a 99.96% carbon product. The company is targeting the synthetic graphite market because natural graphite can be produced at much less cost.
Traditional uses of graphite include brake linings, lubricants, brushes and in steel and refractory products. Today, its use is growing as an anode in lithium-ion batteries, in pebble bed power reactors, fuel cells, and in storage solutions for renewable energy. As graphene, a 1-atom thick form of graphite, it carries 1,000 the electrical capacity of copper, is 200 times stronger than steel, and has 10 times the heat conductivity of copper.
Visit Zenyatta.ca to learn more.