Zimtu Capital Corp. announces transaction with Olympic Resources for Flora Lake Graphite Property
Zimtu Capital Corp. (ZC.V) today announced that it has signed an agreement with Olympic Resources Ltd. (OLA.V) ("Olympic") whereby Olympic can earn a 100%-interest in the Flora Lake Graphite Property located in Labrador.
The Flora Lake Graphite Property consists of five contiguous claim blocks totaling approximately 4,104 hectares located 8 kilometers east of Labrador City, Labrador. The property is accessible via Trans Labrador Highway 500. The Project is transected by other infrastructure that services the nearby iron mines, such as power lines and railroads.
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