InZinc Mining Ltd V.IZN

Alternate Symbol(s): LTHIF

Metals & Mining Industrial Metals & Minerals

InZinc Mining Ltd. is focused on the exploration and advancement of its interest in multiple North American base metals projects. The Company’s principal business activities include the acquisition and exploration of mineral exploration and evaluation assets in Canada. It is focused on exploring its 100% Indy property (Indy) located in central British Columbia. The property covers a 29 kilometers trend (19,900 hectares) with district scale potential for Sedimentary Exhalative (Sedex) (zinc-lead-silver) deposits. The Company’s surface exploration and shallow drilling programs have identified zinc, lead, silver and barite mineralization. It is located 85 km from the intercontinental Canadian National Railway (CNR), servicing the Port of Prince Rupert and connecting to the Port of Vancouver, and 35 km from hydroelectric transmission lines.

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InZinc Mining Ltd

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Post by Goldy63on Sep 16, 2021 1:14pm

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Post# 33871480

Yup Sweet Deal GH . Money and Royalties Love It

InZinc Mining (IZN) has signed a letter of intent granting American West Metals an option to acquire the West Desert Project in Utah
American West will pay an initial US$500,000 (roughly C$645,700) in cash, along with further staged payments over the next 24 months
InZinc will also retain a 50 per cent net smelter royalty on indium mined from the project, half of which - or 25 per cent - may be purchased by American West for US$5 million (C$6.46 million)
The proceeds will be used in part to advance InZinc's Indy Sedex Project as well as other opportunities
InZinc Mining is currently steady at 3.5 cents per share