Results from V.ZND drilling
ZENDA ANNOUNCES THE RESULTS OF DIAMOND DRILLING IN KIRKLAND LAKE
7/20/04
Toronto, ON July 20, 2004
FSC / Press Release
ZENDA ANNOUNCES THE RESULTS OF DIAMOND DRILLING IN KIRKLAND LAKE
Toronto, Ontario CANADA, July 20, 2004 /FSC/ - Zenda Capital Corp. (ZND - TSX Venture), ("Zenda") wishes to announce the results of a program of diamond drilling and sampling on its Kirkla
nd Lake properties that are held under option. The Properties are located in Teck Township and cover approximately 560 ha (35 units) in three (3) non-contiguous blocks. A total of 1,055 m of drilling was performed in nine (9) holes during this program.
Six of the drill holes were put down in the immediate vicinity of the Federal Kirkland shaft. The following list describes the general locations of the nine diamond drill holes in the recent program:
ZKL-04-01 and ZKL-04-02 were located approximately 1,200 m to the west-northwest of the Federal Kirkland shaft; the presence of precious metal mineralization in this area had been previously identified in diamond drilling by Newfields Minerals, Inc. circa 1986. The target investigated was a north-northeast trending structure informally referred to as the "Lake Shore No. 5 Shaft Fault" in the vicinity where Newfields reported an intersection of 0.498 oz Au/ton over 1.1 ft.;
ZKL-04-03 was located approximately 500 m west-northwest of the Federal Kirkland shaft in the vicinity of previous drilling by Goldhunter Explorations Inc. circa 1988. Included in that drilling was a reported intersection of 11.22 g Au/t (0.32 oz Au/ton) over 2.3 ft.; and ZKL-04-04 through ZKL-04-09 were located immediately to the west (within 125 m) of the Federal Kirkland shaft and were planned to undercut the gold-bearing mineralization of the Federal Vein that is exposed in surface trenches sampled by Goldhunter in 1986 (Goldhunter also carried out diamond drilling in this area around that same time). This group of drill holes (and including ZKL-04-03) was drilled from north to south on the south-dipping target structure. This circumstance was necessary due to the topography in the area and the proximity to dwellings in the Town of Kirkland Lake. The maximum depth of mineralized intersection was about 60 m vertical. Locations of the collars for drill holes ZKL-04-04 through ZKL-04-09 have been formally surveyed and tied into the Toburn Mine coordinate system for reference.
The previous results (above) are reported as per original technical reports and sections and have not been independently verified. Imperial measurements can be converted to metric using the following factors: 1 foot = 0.3048 m; 1 ton = 0.9072 t; and 1 oz/ton = 34.286 g/t.
The following table presents a list of the significant precious metal intersections that were sampled during the recent work program:
Drill Hole Intersection Width Gold Assay Gold Check Assays (m) (m) (as oz Au/ton)
ZKL-04-01 22.45 - 22.95 0.5 5.51g Au/t 0.161oz Au/ton
22.95 - 23.45 0.5 25.9g Au/t* 0.755oz Au/ton (22.1,24g Au/t) Composite 22.45 - 23.45 1.0 15.71g Au/t 0.458oz Au/ton 82.25 - 82.75 0.5 0.667g Au/t 0.019oz Au/ton 82.75 - 83.25 0.5 0.021g Au/t 0.001oz Au/ton 83.25 - 83.75 0.5 8.01g Au/t 0.234oz Au/ton 83.75 - 84.25 0.5 0.056g Au/t 0.002oz Au/ton Composite 82.25 - 84.25 2.0 2.19g Au/t 0.064oz Au/ton ZKL-04-02 87.50 - 88.00 0.5 2.25g Au/t 0.066oz Au/ton (2.91g Au/t) 88.00 - 88.30 0.3 0.484g Au/t 0.014oz Au/ton (0.522g Au/t) 88.30 - 88.60 0.3 1.61g Au/t 0.047oz Au/ton Composite 87.50 - 88.60 1.1 1.59g Au/t 0.046oz Au/ton 91.50 - 91.80 0.3 0.483g Au/t 0.014oz Au/ton (0.472g Au/t) 91.80 - 92.20 0.4 1.295g Au/t 0.038oz Au/ton 92.20 - 92.60 0.4 0.183g Au/t 0.005oz Au/ton Composite 91.50 - 92.60 1.1 0.67g Au/t 0.020oz Au/ton ZKL-04-03 85.00 - 85.50 0.5 0.117g Au/t 0.003oz Au/ton ZKL-04-04 81.00 - 81.40 0.4 1.57g Au/t 0.046oz Au/ton 81.40 - 82.00 0.6 5.95g Au/t 0.174oz Au/ton (5.38g Au/t) 82.00 - 82.50 0.5 1.395g Au/t 0.041oz Au/ton (1.335g Au/t) 82.50 - 83.00 0.5 1.385g Au/t 0.040oz Au/ton 83.00 - 83.70 0.7 1.885g Au/t 0.055oz Au/ton 83.70 - 84.00 0.3 0.497g Au/t 0.014oz Au/ton 84.00 - 84.50 0.5 0.102g Au/t 0.003oz Au/ton 84.50 - 85.00 0.5 0.081g Au/t 0.002oz Au/ton 85.00 - 85.40 0.4 1.285g Au/t 0.037oz Au/ton Composite 81.00 - 85.40 4.4 1.74g Au/t 0.051oz Au/ton
87.00 - 87.40 0.4 0.499g Au/t 0.015oz Au/ton 87.40 - 88.70 1.3 2.47g Au/t 0.072oz Au/ton 88.70 - 89.00 0.3 0.109g Au/t 0.003oz Au/ton 89.00 - 89.50 0.5 0.277g Au/t 0.008oz Au/ton 89.50 - 90.00 0.5 0.424g Au/t 0.012oz Au/ton Composite 87.00 - 90.00 3.0 1.26g Au/t 0.037oz Au/ton ZKL-04-05 65.40 - 65.80 0.4 3.64g Au/t 0.106oz Au/ton (3.5g Au/t) ZKL-04-06 58.75 - 59.25 0.5 4.19g Au/t 0.122oz Au/ton (3.8g Au/t)
59.25 - 59.75 0.5 1.885g Au/t 0.055oz Au/ton (1.865g Au/t) 59.75 - 60.25 0.5 0.034g Au/t 0.001oz Au/ton
60.25 - 60.55 0.3 1.82g Au/t 0.053oz Au/ton 60.55 - 60.85 0.3 0.067g Au/t 0.002oz Au/ton 60.85 - 61.25 0.4 2.81g Au/t 0.082oz Au/ton
61.25 - 61.55 0.3 0.298g Au/t 0.009oz Au/ton 61.55 - 62.00 0.45 3.54g Au/t 0.103oz Au/ton (3.62g Au/t)
Composite 58.75 - 62.00 3.25 1.98g Au/t 0.058oz Au/ton ZKL-04-07 71.00 - 71.85 0.85 1.135g Au/t 0.033oz Au/ton ZKL-04-08 61.51 - 62.51 1.0 0.659g Au/t 0.019oz Au/ton (0.625g Au/t) ZKL-04-09 54.00 - 54.40 0.4 0.766g Au/t 0.022oz Au/ton * - Gold analysis by "metallics" method
Analyses were performed by ALS Chemex using fire assay methods with an AA finish on 50 g sample splits. In addition where assays of drill core returned greater than 10 g Au/t, a "metallics" or screen fire assay was performed. Check analyses for gold were performed on approximately 10% of the samples submitted. None of the intersection widths of the recent drilling should be construed as necessarily representing a true width of the sampled material.
The results of the recent work program provide encouragement for the continued exploration of Zenda's Kirkland Lake area properties. Not only is there still the potential to delineate significant mineralization in "traditional" structures (e.g. the Federal Vein) but, in addition, the importance of "north - south" structures, as evidenced by the mineralization intersected in holes ZKL-04-01 and ZKL-04-02, provides other targets for follow-up work. Zenda is working toward earning a 100% interest (subject to royalties) in the claims it has under option in the Kirkland Lake area; the terms of these various agreements have been detailed in previous press releases.
Exploration work and content of this release has been carried out under the supervision of Mr. John M. Siriunas, P.Eng., the designated qualified person for Zenda; Mr.Siriunas is also a director and officer of Zenda.
For further information, please contact Mr. Paul Ankcorn, a director and President of Zenda, at 416-867-3563 or visit the Zenda website at www.zendagold.com.
Zenda Capital Corp.55 Adelaide St. East, Suite 410, Toronto, ON, Canada M5C 1K6
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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