InZinc Completes Work Program at Indy Zinc Project
VANCOUVER, British Columbia, Aug. 24, 2017 (GLOBE NEWSWIRE) -- InZinc Mining Ltd. (TSX-V:IZN) (“InZinc” or the “Company”) is pleased to announce completion of a surface exploration program on the Indy zinc project (100% option) located in central British Columbia. The field program consisted of prospecting, geological mapping and soil geochemistry on high priority zinc geochemical anomalies B and C, two of four large geochemical anomalies occurring over a 6.5 km trend on the project.
Geochemical Anomaly B is host to a near surface 450 m long mineralized trend outlined by shallow, wide spaced historical drilling. 2017 soil geochemistry focused on a 1.4 km length of Anomaly B. Detailed sampling (50 m centered lines) has been completed over the 500 m long southern portion of the anomaly which is coincident with the area of mineralization outlined by historical drilling. Detailed soil sampling was further extended to cover the 900 m northern trend of the anomaly.
Wide spaced soil geochemistry has also been completed over a 600 m length at Anomaly C, located approximately 1 km north of Anomaly B.
Analytical results are currently being compiled with results from soil geochemistry and geological programs conducted in 2016, 2013 and 2012 with completion expected in September.
West Desert Project
The Company continues to refine its understanding of the West Desert project, with potential implications for future programs, joint or separate, focused on optimizing the existing deposit as well as following up on other targets, including historical hole CC-43, located approximately 650 m east of the existing deposit, which included an interval of 3.05 m grading 7.65% zinc, 3.50% copper and 25 g/t silver.
Participation at Metals Investor Forum
The Company is pleased to present at the Metals Investor Forum in Vancouver, BC, on September 15, 2017. The event, hosted by newsletter writers, showcases each writers’ Top Pick investment opportunities in the exploration and mining space.
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 projected 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
Chairman and
Interim Chief Executive Officer
Phone: 604.687.7211
Website: www.inzincmining.com
For further information contact:
Joyce Musial
Vice President, Corporate Affairs
Phone: 604.317.2728
Email: joyce@inzincmining.com
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.
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.
