Zinccorp Acquires Gold Property in West Timmins District
December 15 2009 - 7:15AM
Marketwired
Zinccorp Resources Inc (TSX VENTURE: ZN) (the 'Company') is pleased
to announce, subject to regulatory approval, the acquisition of a
100% interest in an extension to its Palomar Lake property.
To view a map of the Palomar Lake Extension and other gold
projects recently acquired by the Company in the West Timmins
district, please click on the following link or cut and paste the
link directly into your browser:
http://media3.marketwire.com/docs/tw_map_1215.pdf
"The Palomar Lake Extension is a significant addition to one of
the Company's highest priority properties in the West Timmins Camp
and we look forward to the commencement of early stage exploration.
The property is intersected by a splay off the Destor Porcupine
Fault which is believed to be a major controlling structure for
mineralization throughout the Timmins Camp," comments Company
President, Richard Hughes. "The Company's strategy is to continue
advancing its precious metal projects in the West Timmins along
with its flagship property, the Michelle Silver/Lead/Zinc project,
located in the Yukon Territory, which recently announced initial
results from its 2009 summer/fall exploration program."
The Palomar Lake Extension property consists of six claims (76
units) located in the Keith Township of Porcupine Mining Division.
The property is accessible by road and is approximately 70 km
southwest of Timmins. Consideration for the property consists of
$9,000. There is a 3% NSR, 1% of which may be purchased for
$1,000,000. There is also 100,000 common shares payable upon
completion of a positive feasibility study.
The Company's website is currently being redesigned and will
have further information on each of the properties available in the
near future.
About Zinccorp Resources Inc.
Zinccorp Resources is a member of the Hughes Exploration Group
of Companies and is led by a team with a stellar track record of
discovery and development in Canada.
The Company had a zinc/lead/silver discovery on the Michelle
Property, one of its four highly prospective properties in Yukon,
Canada in 2007. Zinccorp Resources Inc. has now expanded its
exploration venture into the prolific Timmins / Larder Lake mining
camp adding a new gold dimension to its exploration portfolio.
Please visit Zinccorp's web-site www.zinc-corp.com to learn more
about the Michelle and other exciting Zinccorp projects and sign up
to receive upcoming Zinccorp news.
The statements made in this news release may contain
forward-looking statements that may involve a number of risks and
uncertainties. Actual events or results could differ materially
from the Company's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
Contacts: Zinccorp Resources Inc. Kevin Hull or Alan Campbell
Investor Relations (604) 685-2222 info@zinc-corp.com
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