InZinc Outlines Extensive Discovery Potential at Indy Zinc Project
September 07 2017 - 8:00AM
InZinc Mining Ltd. (TSX-V:IZN) (“InZinc” or the
“Company”) is pleased to announce results from the 2017 surface
exploration program at the Indy zinc project (100% option) located
in central BC. Highlights include identification of multiple,
extensive geochemical anomalies defined across a 1.5 km trend known
to host zinc mineralization. In addition, a separate large and
open-ended zinc in soil anomaly has been outlined in the central
area of the project.
2017 Exploration Program
Highlights
A series of maps detailing the Indy 2017
exploration results can be found at this link:
http://www.globenewswire.com/NewsRoom/AttachmentNg/67b4caaf-54da-483e-a7cc-635f142ad631
Anomaly B Area
- Hosts 450 m long mineralized zone discovered by soil
geochemistry in 1988
- 1.5 km by 300 m area covered by detailed sampling in 2017
- Extended soil anomaly associated with mineralized zone
northwest by 800 m – remains open
- Identified extensive new soil anomalies immediately west and
north of mineralized zone
- Aggregate length of 1.8 km of newly outlined soil geochemical
anomalies
Anomaly C
- Outlined continuous zinc in soil anomaly over 600 m in
length
- Open for expansion to the north and south
2017 Programs
The 2017 field program consisted of geochemical
surveys, geological mapping and prospecting in the anomaly B and C
areas, two of four high priority areas occurring over a 6.5 km
trend at Indy. The program represents the first broad application
of modern geochemical exploration techniques on the project.
Anomaly B Area
The Anomaly B area is host to a near surface 450
m long mineralized zone discovered by soil geochemistry in 1988 and
subsequently drilled by Cominco with five wide spaced drill holes.
Near surface mineralized intersections containing sphalerite,
galena and minor barite occurring in dolomitic carbonate rocks were
reported in all five holes. Drill intersections ranged from 1.5 m
to 19.7 m widths, grading from 1.9% to 8.9% zinc, from 1.0 g/t to
55.6 g/t silver and from 0.04% to 2.4% lead. Outcrop exposure is
very rare over the entire area.
During the 2017 program, soil geochemical
sampling was completed over a 1.5 km by 300 m grid area. This work
has extended the zinc in soil anomaly associated with the
historically drilled mineralized zone for a further 800 m to the
north. Additionally, strong and extensive zinc in soil anomalies
have been identified west, downslope and parallel to the
mineralized zone. These anomalies coalesce between 500 m and 700 m
north of the mineralized zone, indicative of potential thickening
of associated mineralization. In aggregate, the 2017 program
outlined 1.8 km of new and untested geochemical anomalies, in
addition to the 450 m long mineralized zone comprising the Anomaly
B area. The anomalies remain open to the north.
Anomaly C
The Anomaly C area, located approximately 1 km
north of Anomaly B, was originally identified by reconnaissance
soil geochemical surveys in 1981. Two short (29 m) drill holes
(1982) were collared on the west and east flanks of the area but
did not adequately explain the soil response.
In 2017, soil geochemistry was completed over a
600 m by 400 m grid area. A continuous multi-element
geochemical response occurred at similar orientation to
Anomaly B trends (NW-SE). The anomaly, extending across the 600 m
area, generally parallels a geologic contact between shales and
chert-carbonate sequences, although outcrop exposure in the area is
very limited especially over the stronger geochemical response.
Anomaly C remains open-ended and further sampling is required to
delineate its extent.
Exploration Plans
A range of follow-up programs are being
considered for the fall of 2017. These programs could be subject to
potential access restrictions due to the extensive wildfires in
central BC and the related availability of crews and equipment.
The Indy zinc project is situated at elevations
ranging from 950 m to 1300 m and is located 85 km south of the CNR
transcontinental railway and 65 km south of the Yellowhead highway.
Northern portions of the property are accessed by well-maintained
Forest Service roads.
The project is underlain by rocks of the Black
Stuart Group, of which multiple sedimentary formations are
correlated by the Geologic Survey of Canada to the most productive
zinc bearing strata in western and northern Canada.
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 BC. 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
projected 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.
InZinc Mining Ltd.
"Kerry
Curtis”
_____________________________
Kerry Curtis
|
For further
information contact: |
Chairman and |
Joyce Musial |
Interim Chief Executive
Officer |
Vice President,
Corporate Affairs |
Phone: 604.687.7211
|
Phone:
604.317.2728 |
Website:
www.inzincmining.com |
Email:
joyce@inzincmining.com |
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.
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.
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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.
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