Zinccorp Resources Inc. Announces Exploration Plans for West Timmins Properties in Proximity to Significant Gold Discoveries
February 04 2010 - 8:15AM
Marketwired
Zinccorp Resources Inc. (TSX VENTURE: ZN) (the 'Company') is
pleased to provide an update on a number of recently acquired
mineral properties, primarily gold, located west of Timmins along
the Destor-Porcupine Fault Zone.
To view a map highlighting the Company's projects along the
Destor-Porcupine Fault Zone (DPFZ) please click on the following
link (if the link does not work cut and paste it into the location
bar of your browser):
http://www.brmstatpack.com/lt/1001/1052/zinccorp-resources-map-of-west-timmins-properties
Denton Gold Project:
The Company has acquired two claims adjoining and immediately to
the west of the Nebu Resources project where Nebu recently reported
a diamond drill hole intercept of 63.22 g/t gold over 7.5 meters
within sulphide rich quartz vein material. The quartz carbonate
veins are hosted within mafic volcanics in a structure parallel to
a contact between mafic metavolcanics and a quartz diorite
intrusive.
Zinccorp plans to investigate the continuation of this structure
to the immediate west of Nebu's recent findings and delineate the
gold bearing structures through ground geophysics, geochemical
sampling and possible follow up drilling.
Crest Lake Gold Project:
The Crest Lake project lies within south central Keefer Township
approximately 2.2 kilometers west of where RT Minerals Corp. is
currently drilling on their Golden property, which is contiguous to
the southwest land holdings of Lakeshore Gold.
Past trenching on the southeast tip of Crest Lake exposed mafic
flows and pyroclastics in contact with a granodiorite and produced
a grab sample assaying .04 oz/t Au. Soil sampling south of Crest
Lake also produced gold anomalies in excess of 10,000 ppb. A VLF
geophysical survey suggests a structure transecting the central
portion of Crest Lake which may be a continuation of the PDFZ and a
northwest southeast trending fault has been determined on the
eastern portion of Crest Lake.
Zinccorp geologists plan to investigate this prospective area
with an IP geophysical survey to delineate potential drill targets.
Further follow up work including a geochemical survey may be
warranted to help determine drill targets.
Whitesides-Carscallen Property:
The property lies in Whitesides Township immediately west of
Carscallen Township where Melkior Resources has focused drilling on
north-south structures which have intersected gold bearing
structures in four zones over a strike length of 950 meters.
The property hosts a belt of mafic metavolcanics sandwiched
between mafic to ultramafic intrusives to the north and
granodiorites to the south. Major northwest southeast trending
structures also occur within this favourable stratigraphy. The
property has been previously explored for nickel-copper l within
the gabbros in the north. A historical gold occurrence is situated
to the west of the property within the mafic metavolcanic belt. A
program of linecutting and IP and mag geophysics is currently
underway within the mafic volcanics to identify potential drill
targets.
Rock sampling by the company in the fall of 2009, southwest of
Bean Lake returned assays of 0.40 % Ni and 1.06 % Cu and 0.20% Ni
and 1.68% Cu from two grab samples within a gabbroic sill.
Prospecting, trenching and stripping in this area will be initiated
in the summer.
The Company also wishes to announce an amendment to the closing
of a private placement previously announced December 18, 2009,
amended on December 29, 2009 and closed on January 13, 2010. The
total number of units is 22,566,647 for total proceeds of
$1,918,000.
Kevin Montgomery, P.Geo. is the project supervisor and has
reviewed and approved the technical contents of the press release.
Peter Caldbick, P.Geo. and Mr. Montgomery are the qualified persons
for the purposes of National Instrument 43-101 for the Company's
West Timmins projects.
About Zinccorp Resources Inc:
Zinccorp Resources Inc., a member of the Hughes Exploration
Group of companies, is a recently formed, tightly held junior
mineral exploration company. 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 (604) 685-3764 (FAX)
info@zinc-corp.com www.zinc-corp.com
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