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
“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
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||||||||||
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.
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