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InZinc Extends West Desert High-Grade Mineralization to the West

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InZinc Extends West Desert High-Grade Mineralization to the West

 

 

 

 

 

InZinc Mining Ltd. (TSX-V:IZN) is pleased to report assay results from the first drill hole, WD18-01, of the ongoing drill program at the 100% owned West Desert project in western Utah.  WD18-01 was drilled to explore an untested area on the western edge of the Main Zone of the WD deposit.

 

 

Highlights

 

  • Thick interval of 6 ft of 6.28% Zn, 0.4% Cu, 66.8 g/tonne (g/t) Indium (In) at significantly higher grade than 2014 resource average in a previously un-drilled area
  • Significant copper interval with 0 ft of 2.1% Cu, also in a previously un-drilled area
  • Shallow high-grade intercept of 6 ft of 11.77% Zn, 0.5% Cu, 72.6 g/t In
  • Improved potential for shallow zinc-copper-indium tonnage immediately west of WD18-01
  • Significant widths of indium mineralization at higher grades 50.6 ft of 66.8 g/t In, 30 ft of 183.9 g/t In and 10ft of 272.7 g/t In — higher than the 2014 resource of about 30 g/t In
  • Earlier this year, Indium was declared one of the 23 critical elements by the US government

 

 

“With an aggregate of over 100 feet of mineralization intersected in our first hole, we are very pleased with these results.  Our goal was to assess the potential for higher grade zinc and the presence of indium in the shallower western portion of the deposit. In both cases the objective was met with success leaving us with significant room for expansion further to the west,” commented Wayne Hubert, CEO of InZinc.

 

 

Next Steps

 

 

Drilling continues at the site with holes to the east and proximal to the past-producing Utah silver mine. InZinc is exploring for both silver-rich and copper-rich zinc mineralization that was intersected in historical drill hole CC-43, located below the Utah mine.  Currently, the Company is drilling a deep hole 650 metres to the east of the existing resource and is currently at approximately at 2400 feet downhole of a planned 3300 foot hole.  InZinc will release the results of this hole when assays become available. 

 

 

WD18-01.  Drill Results.

 

 

 
WD Drill
Hole
From
(ft)
To
(ft)
Interval
(ft)
Zn
(%)
Cu
(%)
Indium
(g/t)
Gold
(g/t)
Silver
(g/t)
Zone
18-01** 260.4 267.0 6.6 11.77 0.5 72.6 0.27 1.9 Main-oxide
18-01* 487.0 502.0 15.0 0.02 2.1 21.1 0.44 9.8 Main-sulphide
includes: 487.0 492.0 5.0 0.03 4.9 23.9 1.01 17.8  
18-01* 732.5 742.5 10.0 0.05 2.0 57.1 0.80 9.0 Main-sulphide
18-01** 777.5 787.5 10.0 6.35 0.2 95.1 0.08 2.8 Main-sulphide
18-01+ 969.0 999.0 30.0 2.53 0.8 183.9 0.26 4.5 Main-sulphide
includes:* 969.0 974.0 5.0 0.04 2.7 135.2 1.09 14.4  
18-01** 984.0 994.0 10.0 5.89 0.5 272.7 0.10 4.3 Main-sulphide
18-01** 1069.5 1120.1 50.6 6.28 0.4 66.8 0.14 14.1 Main-sulphide
Note: True width estimated at 80 to 100% of drilled interval. **5% Zn cut-off applied. * 2% Cu cut-off applied. +100 ppm  
Indium cut-off applied.  HQ diameter core with imperial rods utilized.

 

 

Photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/e95d93c2-51cc-44de-81e9-88cc2641b844

http://www.globenewswire.com/NewsRoom/AttachmentNg/c1f17831-fcd1-4710-86fd-3fdfb8e77c52

 

West Desert – 2014 Underground Resource

 

 

 
Cut-off
($GMV/t)
Category Tonnage
(Mt)
Zn
(%)
Zn
(Mlbs)
Cu
(%)
Cu
(Mlbs)
In
(g/t)
In
(t)
Magnetite
(%)
Magnetite
(Mt)
50 Indicated 13.0 2.16 691.3 0.23 65.1 33 433 48 6.2
50 Inferred 46.0 1.76 1,781.0 0.22 224.6 24 1,102 48 22.0

 

 

April 2014: base cases at GMV cutoff = $50; US$; ZnEq based on 100% recovery and Zn=$1/lb, Cu=$3/lb, Magnetite=$115/t, and In=$600/kg

 

 

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.

 

Posted June 6, 2018

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