Zenyatta Ventures has started a drill program at its Albany Graphite Deposit in northeastern Ontario.
In a press release, the company said it is focusing on defining the size and grade of the deposit.
The current $4-million program will expand on last year's drilling campaign that intersected a large mineralized zone of graphitic breccia and veining which yielded up to 6.6 per cent carbon over 170.0 metres.
The current drilling will consist of a minimum of 10,000 metres and will require 40 holes. It will continue until August, after which a NI 43-101 resource estimate will be calculated.
"This larger drill campaign will further define the size and shape of the only known ‘vein type’ or hydrothermal graphite deposit under development in the world,” said Aubrey Eveleigh, president and CEO, in a statement.
Albany deposit is 30 kilometres north of the Trans-Canada Highway and is situated near the Constance Lake First Nation and Hearst.