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InZinc Identifies Rare Earth Elements with Nickel-Cobalt-Copper Discovery at Keel Red and Commences Drilling at Indy Project, BC
Vancouver, British Columbia--(Newsfile Corp. - August 22, 2023) - InZinc Mining Ltd. (TSXV: IZN)...
About this update from Inzinc Mining Ltd.
[{"type":"text","content":"InZinc Identifies Rare Earth Elements with Nickel-Cobalt-Copper Discovery at Keel Red and Commences Drilling at Indy Project, BCVancouver, British Columbia--(Newsfile Corp. - August 22, 2023) - InZinc Mining Ltd. (TSXV: IZN) (\"InZinc\" or the \"Company\") is pleased to report the identification of rare earth elements associated with the nickel-cobalt-copper discovery at Keel Red in 2022 and announce commencement of the fully funded 2023 drill program at the Indy project (100% interest) (\"Indy\" or the \"Project\") located 100 kilometres (km) southeast of Prince George in central British Columbia. Rare Earth Elements - Discovery at Keel Red Subsequent to the discovery of nickel-cobalt-copper mineralization at Keel Red in 2022 (news release January 25, 2023), the mineralized 27.1 m interval of diamond drill hole IB22-020 has been analyzed for rare earth element (REE) content. In drill hole IB22-020, the entire 27.1 m of buried oxide material starting at 47.3 m downhole has returned 363 ppm total rare earth oxides (TREO), (Table 1). In addition, and within the above 27.1 m interval:The heavy rare earth oxides (HREO) comprise approximately 60% of the average TREO content over the 27.1 m interval. A higher grade REE bearing downhole interval from 61.0 m to 68.0 m averages 529 ppm TREO over 7.0 m.The highest REE bearing interval, from 66.0 m to 67.0 m downhole, returned 784 ppm TREO over 1.0 m.The red, clay-rich host containing the nickel-cobalt-copper and REE mineralization at Keel Red, with its relatively high HREO content, distinguishes Keel Red from the more common REE bearing occurrences known elsewhere in British Columbia. Interpretation and extension of the shallow Keel Red mineralization will be a priority during the 2023 drill program. Table 1: Indy Project - Keel Red - 2022 Drill Hole Intersections including Rare Earth Metals Drill Hole(HQ)Interval(m)From(m)To(m)Zinc*(%)Nickel*(%)Copper*(%)Cobalt*(ppm)TREO**(includes Y)(ppm)Depth Below Surface (m)IB22-02027.08m47.2574.330.670.130.0616336330includes7.75m47.2555.000.660.140.111544336.00m58.0064.000.930.170.09280427 * Previously released (news release January 25, 2023).** Total rare earth oxides include oxides of 15 heavy and light rare earth elements including yttrium, as defined by the USGS, 2018. Standard element to oxide conversion factors have been used in the calcu...