InZinc Highlights the Silver and Copper-Zinc Potential at West Desert Project

2017-09-14 / @nasdaq

 

VANCOUVER, British Columbia, Sept.14, 2017(GLOBE NEWSWIRE) -- InZinc Mining Ltd. (TSX-V:IZN) ("InZinc" or the "Company") is pleased to provide results of its review with respect to project advancement strategies at the Company's 100% owned West Desert zinc project in Utah. The review highlights the potential for silver-rich zinc mineralization in addition to copper-rich zinc mineralization in an untested area extending over 650 m east of the WD zinc deposit. Also, the large zinc resources contained in the WD deposit and outlined in the 2014 Preliminary Economic Assessment remain open for expansion in several directions.

The exploration potential east of the WD deposit is based, in part, on the presence of multiple silver rich intersections and a high grade copper-zinc massive sulphide intersection in historical drill hole CC-43, which was drilled below a past-producing silver mine located 650 m east of the deposit. As this area of exploration potential coincides with underground development plans designed in the PEA, future drilling will be a priority.

Maps detailing the West Desert exploration potential can be found at this link:

http://www.globenewswire.com/NewsRoom/AttachmentNg/48a575b5-a707-4439-90dc-25f1d36a76df

Silver Potential

Silver mineralization on the property includes numerous surface occurrences and past producing mines collectively described as the historic Fish Springs Mining District. The district included several operations including the Utah Silver mine, which produced 2.7 million ounces of silver, operated until 1950 and is located 650 m east of the WD zinc deposit. The proximity of the Utah Silver mine to the WD zinc deposit, its enriched precious metal content and the depth extent of this mineralization are of key interest. Silver is not currently included in the resources comprising the WD zinc deposit.

Silver in Historical Drill Hole CC-43

In 1980, Utah Mines completed drill hole CC-43 which targeted the depth extension of silver mineralization at the historic Utah Silver mine, 650 m east of the WD zinc deposit. The drill hole intersected several silver-rich zinc zones which were interpreted to represent the depth extension of silver mineralization at the Utah Silver mine and the Emma-Vulcan workings located several hundred meters further east.

Drill hole CC-43 intersections* included:

5.1 oz/t Ag, 6.8% Zn over 4.9 m at 460 m below surface
and
6.0 oz/t Ag, 1.0% Zn over 1.8 m at 690 m below surface

Similar silver enriched mineralization has also been intersected in drilling at the upper east portion of the WD zinc deposit. This is highlighted by a drill hole completed in 2008 (CC08-11) which returned 7.4 oz/t Ag, 4.3% Zn over 10.8 m at 200 m below surface. The 650 m area between the silver rich intersections in CC-43 and the upper eastern portion of the WD zinc deposit is untested by drilling.

Copper Rich Massive Sulphide in Historical Drill Hole CC-43

Drill hole CC - 43 continued below the highlighted silver rich intersections where it intersected* 7.6 m of sulphide mineralization, with a core of massive sulphide grading:

7.6% Zn, 3.5% Cu and 1.0 oz/t Ag over 3.1 m at 800 m below surface

This mineralization is similar to the sulphide mineralization comprising the WD zinc deposit but contains considerably higher copper content (WD zinc deposit average grades include approximately 0.22% copper). The 650 m area between the copper-rich zinc intersection in CC-43 and the known eastern margin of the WD zinc deposit is untested by drilling.

Exploration Program

The Company is designing an exploration program, incorporating wide-spaced drilling, with three objectives:

  • Explore silver-rich zinc mineralization east of the WD zinc deposit and below the Utah Silver mine
  • Explore for copper and zinc rich massive sulphides east of the WD zinc deposit
  • Test for extensions of the WD zinc deposit to the east

Geophysical surveys will be an initial component of the program, supporting target selection and corresponding drill hole locations over the exploration area.

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 British Columbia. 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 forecasted 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


*True widths of intersections are estimated at 70-90%.

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.

The PEA (2014) was prepared by Mine Development Associates with contributions from International Metallurgical and Environmental Inc. in accordance with the definitions in Canadian National Instrument 43-101. All dollar amounts are US currency. The PEA is considered preliminary in nature. It includes Inferred mineral resources that are considered too speculative to have the economic considerations applied that would enable classification as mineral reserves. There is no certainty that the conclusions within the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Long-term metal prices used in the study included zinc at $1/lb, copper at $3/lb, iron ore at $105/t (62% Fe, CFR-Tianjin), gold at $1,300/oz and silver at $21/oz. The technical report is entitled "Technical Report on the West Desert Zinc-Copper-Indium-Magnetite Project - Preliminary Economic Assessment - Juab County, Utah" and is available both at www.sedar.com and the Company's website at www.inzincmining.com.

Kerry M. Curtis, 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.

Neither the TSX Venture Exchange nor its 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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