Nevada Zinc Corporation (TSX-V: NZN) is pleased to announce additonal drill core assay results from its thirteen hole program at the Company’s Lone Mountain Project in Nevada. The core drilling program was primarily designed to corroborate assay grades from reverse circulation drilling and to provide geological information on the mineralized zones as well as to expand the footprint of the mineralization. This new assay information provides important data that will be included when the Company produces its initial 43-101 resource estimate later this year.
The current core drill program completed by the Company is the first core drill program completed in the area since the 1940’s and follows up on the Company’s 83 reverse circulation drill holes completed between 2014 and 2016.
President and CEO of Nevada Zinc, Bruce Durham commented: “our first core hole program more than met expectations. Core drilling results in the area of the discovery hole first drilled by Nevada Zinc in 2014 compared quite favourably with proximal RC holes and several of the diamond drill holes extended the limits of the mineralization. With the very strong zinc price performance over the last year and with consensus forecasts for sustained or higher zinc prices, Nevada Zinc is well positioned to take advantage of a strong zinc market. The Lone Mountain Project is particularly well located in a strong mining jurisdiction in eastern Nevada, an advantage the Company intends to exploit as we move the Lone Mountain Project forward.”
Core Drilling Highlights
An updated location map is provided on the Company’s website: www.nevadazinc.com
North Lone Mountain Core Drilling Highlights | ||||||
Hole ID | From (m) | To (m) | Interval (m) | Zn (%) | Pb (%) | Zn+Pb (%) |
NLM-17-03 | 18.00 | 21.05 | 3.05 | 1.79 | 0.01 | 1.80 |
NLM-17-04 including |
38.13 45.45 |
51.85 51.85 |
13.72 6.40 |
3.54 5.36 |
0.77 1.30 |
4.32 6.66 |
NLM-17-05 | 52.77 | 53.99 | 1.22 | 1.65 | 0.22 | 1.87 |
NLM-17-06 and |
58.26 77.78 |
64.05 82.35 |
5.80 4.58 |
3.27 2.70 |
0.42 0.75 |
3.69 3.45 |
NLM-17-07 and |
56.73 67.71 |
60.39 70.15 |
3.66 2.48 |
1.80 2.04 |
0.39 0.01 |
2.18 2.04 |
NLM-17-08 including |
143.05 152.81 |
167.75 167.75 |
24.70 14.94 |
23.06 29.38 |
0.29 0.13 |
23.35 29.51 |
NLM-17-09 including |
108.28 108.28 |
135.73 117.43 |
27.45 9.15 |
0.93 15.18 |
7.60 0.04 |
8.53 15.22 |
NLM-17-10 including |
102.48 102.48 |
128.10 112.85 |
25.62 10.37 |
4.35 7.74 |
0.07 0.10 |
4.42 7.84 |
NLM-17-11 including and |
137.56 154.33 155.86 |
158.91 158.91 158.91 |
21.35 4.58 3.05 |
2.02 6.63 9.09 |
0.22 0.08 0.11 |
2.24 6.71 9.20 |
NLM-17-12 including |
118.04 127.19 |
133.29 133.29 |
15.25 6.10 |
3.76 6.68 |
1.24 2.04 |
5.00 8.72 |
NLM-17-13 | 173.85 | 178.43 | 4.58 | 2.31 | 0.02 | 2.33 |
True widths are not known at this time.
Assay Techniques
Preparation of the samples was done at the ALS Chemex Elko, NV facility. A 250 gram master pulp was taken then splits were sent to ALS’s North Vancouver, BC facility. A 48 element package using a 4 acid digestion with ICP-AES and ICP-MS was completed on all samples. For lead and zinc values exceeding the limits of the 48 element package (1% zinc or lead), the procedure was to use a 4 acid digestion with ICP-AES or AAS finish (ore grade analysis). In the case of values exceeding the limits of the ore grade analysis (30% zinc, 20% lead), the procedure was to use specialized titration methods.
Laboratory QA/QC
Quality control samples from the lab include numerous control blanks, duplicates and recognized standards. Reference standards used include OREAS-131b, OREAS-133b, OREAS-134b. No significant issues were noted with analytical accuracy or precision.
ALS’s Elko location has ISO/IEC 17025:2005 accreditation.
Hole ID | Easting | Northing | Elev.(m) | Azimuth (O) | Dip (O) | Depth (m) |
NLM-17-01 | 563108 | 4385294 | 1948 | 210 | -69 | 292 |
NLM-17-02 | 563110 | 4385365 | 1943 | 120 | -88 | 258 |
NLM-17-03 | 563365 | 4385044 | 1980 | 215 | -48 | 157 |
NLM-17-04 | 563262 | 4385089 | 1974 | 160 | -45 | 76 |
NLM-17-05 | 563262 | 4385089 | 1974 | 160 | -75 | 89 |
NLM-17-06 | 563246 | 4385085 | 1973 | 160 | -89 | 102 |
NLM-17-07 | 563246 | 4385085 | 1973 | 160 | -46 | 70 |
NLM-17-08 | 563061 | 4385223 | 1953 | 210 | -90 | 168 |
NLM-17-09 | 563061 | 4385223 | 1953 | 210 | -61 | 158 |
NLM-17-10 | 563061 | 4385223 | 1953 | 210 | -48 | 140 |
NLM-17-11 | 563175 | 4385222 | 1955 | 210 | -45 | 198 |
NLM-17-12 | 563175 | 4385222 | 1955 | 210 | -64 | 148 |
NLM-17-13 | 563175 | 4385222 | 1955 | 210 | -89 | 226 |
*NAD 83, UTM Zone 11N
About Nevada Zinc
Nevada Zinc is a discovery driven, early-stage mineral exploration company with a proven management team focused on identifying unique mineral exploration opportunities that can provide significant value to its shareholders.
While the Company continues to maintain a significant equity interest in the highly prospective Yukon gold properties through its majority ownership position in Generic Gold Corp. the current focus of the Company is the exploration and advancement of the Lone Mountain Zinc Project comprised of 224 claims covering approximately 4,000 acres near Eureka, Nevada and the exploration of the MacBride zinc-copper project in northern Manitoba.
The Lone Mountain Zinc Project is located in east-central Nevada and is easily accessible via paved and gravel roads northwesterly from Eureka where all essential services are available. The Project includes options, leases or purchase agreements to acquire 100% interests in all properties along the key structural trend for more than 4 kilometres.
The Company has completed 83 reverse circulation drill holes on the property and recently completed a 13 hole diamond drill hole program on the property. Results from the drilling programs have shown numerous broad intervals of medium to high grade non-sulphide zinc mineralization in two locations both of which are located between surface and a depth of approximately 250 metres.
The Company also has the right under an option agreement to earn up to an 80% interest in the MacBride Zinc Project in northern Manitoba (see the Company’s press release dated October 23, 2017).
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