InZinc Commences Diamond Drill Program at Indy Zinc Project, BC
VANCOUVER, British Columbia, Aug. 20, 2018 (GLOBE NEWSWIRE) -- InZinc Mining Ltd. (TSX-V: IZN) (the “Company”) is pleased to announce the commencement of diamond drilling and completion of Phase I programs at its Indy zinc project (100% option) in central BC.
Diamond drilling in Phase II exploration will include 10 to 12 diamond drill holes (up to 1250m total program) targeting high soil responses across the 1.5 km length of Anomaly B, the most advanced of three emerging target areas on the property.
2018 Phase 1 Program Summary
The completed Phase I programs included soil geochemistry and access improvement in preparation for Phase II drilling. The 2018 soil program included sampling (371 samples) at three large soil geochemical anomalies (B, C and D) which occur over a 6.5 km length of the property.
Anomaly B
Anomaly B was initially sampled by InZinc in 2017 with high zinc in soils returned over a 1.5 km length. Infill and expansion surveys during 2018 support multi-horizon anomalies over 1.5 km length, defining numerous priority (strongly anomalous) areas in preparation for drilling. Phase II plans include 10 to 12 diamond drill holes (up to 1250m total program) at Anomaly B. Drilling will target high zinc in soil and focus on the 500m southern portion of the anomaly and an area located 200m to the north where similar high zinc in soil responses occur over a 300m length.
Anomaly C
At Anomaly C initial wide spaced soil geochemistry programs in 2017 outlined a 600m length of anomalous soils. Infill and expansion soil surveys in 2018 improved survey density and outlined a central core area (300m by 175m area) of multi-station zinc in soils ranging from greater than 1100 ppm to 6314 ppm (0.63%) zinc. Southern extension lines also returned high multi-station zinc responses (up to 3165 ppm zinc). The anomaly now measures 700m in length and remains open for further sampling to the south. Further ground work including soils, mapping and prospecting is required to evaluate the area prior to drilling.
Anomaly D
Initial, wide-spaced reconnaissance soil lines in 2018 returned numerous high zinc (greater than 500 ppm to 2654 ppm zinc) responses in soils over a 600m by 800m area. Further ground work, including detailed soils and mapping is required to assess the anomaly.
West Desert Update
InZinc has completed its first phase of exploration drilling at its West Desert zinc project (100%) in Utah, having completed 3500m of drilling in 5 deep holes. The final assays of hole 5 are being rerun and should be received this week and will then be released to the markets. Based on the results, the Company will plan the next phase of drilling.
About InZinc
InZinc is focused on growth in zinc through exploration and expansion of the advanced stage West Desert project (100%) in Utah and exploration of the early stage Indy project (100% option) in British Columbia. West Desert has a large underground resource open for expansion and has district scale exploration potential. A West Desert preliminary economic assessment completed in 2014 forecasted 1.6 billion pounds of zinc production over 15 years.
Indy comprises both near surface exploration targets and regional discovery potential. Both zinc projects are well located with easy access and existing infrastructure.
For further information contact: Joyce Musial Vice President, Corporate Affairs Phone: 604.317.2728 Email: joyce@inzincmining.com
Qualified Person Brian McGrath, B.Sc., P.Geo. a Qualified Person as defined in NI43-101, has approved the technical content of this news release. Some technical content contained in this news release is based in part on historical reports. The Qualified Person is not responsible for the accuracy or the content of the historical reports.
Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the Company’s next shareholder meeting. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plan, design, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results, performance, or actions and that actual results and actions may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, those risks and uncertainties disclosed in the Company’s Management Discussion and Analysis for the year ended December 31, 2016 filed with certain securities commissions in Canada and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
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 release.
Source: GlobeNewswire
(August 20, 2018 - 9:45 AM EDT)
