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InZinc Mining: First Drill Program at Indy Project in BC Intersects Shallow Zinc Mineralization
VANCOUVER, British Columbia, Nov. 01, 2018 (GLOBE NEWSWIRE) -- InZinc Mining Ltd. (TSX-V: IZN) (the “Company”) is pleased to announce initial results from its f
About this update from Inzinc Mining Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 01, 2018 (GLOBE NEWSWIRE) -- InZinc Mining Ltd. (TSX-V: IZN) (the “Company”) is pleased to announce initial results from its first exploration drill program at the Indy zinc project (100% option) located 100km southeast of Prince George in central British Columbia. Results include intersections from five holes of an eleven-hole drill program (1271m drilled). Additional results will be released as received. All intersections returned to date are located within 60m of surface. Selected Highlights (refer to details in Table 1) Hole IB18-002 4.49% Zn, 1.13% Pb and 7.32 g/t Ag (5.46% ZnEq) over 4.28m at 27m below surface 2.24% Zn, 0.83% Pb and 5.23 g/t Ag (2.95% ZnEq) over 5.38m at 33m below surface 3.50% Zn, 0.66% Pb and 4.59 g/t Ag (4.07% ZnEq) over 4.57m at 37m below surface Hole IB18-003 (low core recovery) 9.26% Zn, 2.43% Pb and 17.98 g/t Ag (11.38% ZnEq) over 3.05m at 23m below surface Hole IB18-006 3.88% Zn, 1.34% Pb and 8.90 g/t Ag (5.03% ZnEq) over 3.99m at 29m below surface Note: True widths are unknown. The intersections in IB18-002 are separated by lost core/no recovery. ZnEq calculation: metallurgical studies have not been completed and assumes 100% metallurgical recovery using Zn prices at $1.10/lb., Pb at $.80/lb. and Ag at $15/oz – all $US. The 2018 drill program explored the southern area of Anomaly B, an extensive 1.5km long soil geochemical zone and one of three large anomalies being advanced on the project. Recent (2018) soil surveys outline large, continuous and untested areas of high zinc in soil over a 500m by 400m area both west and northwest of this drilling. The combination of age of strata, rock types, geochemical trends, alteration and mineralization are suggestive of deformed and re-mobilized mineralization associated with a sedimentary hosted exhalative (Sedex) environment. Anomaly B Drill Program (see Figures 5 and 6) Holes IB18-001 to IB18-010 focused on the southeastern area of Anomaly B and generally targeted the upslope edge of soil geochemical highs established in 2017 surveys. A single hole (IB18-011) was completed 900m north of hole IB18-001. The only rock exposure in the area is a surface zinc oxide occurrence which returned 45.5% zinc in a grab sample. Drill hole IB18-001 was collared 50m east of the zinc oxide zone and hole IB18-002 was located 100m eas...