From (m) |
To (m) |
Interval
(m) |
Zn (%) |
Pb (%) |
Zn+Pb (%) |
| 65.53 |
68.58 |
3.05 |
8.18 |
1.37 |
9.55 |
Notes: True widths are not given as it is not possible to determine the true width of the various zones of
mineralization at this time.
Sample Preparation and Quality Control
Supervision and organization of the reverse circulation drilling chip samples was undertaken by Nevada Zinc personnel.
Samples were collected at 1.52 metre intervals from a rotating wet splitter assembly attached to the drill rig. Chip tray
samples were collected from the reject side of the wet splitter. The splitter was adjusted to produce 4.5-9.0 kgs. of
sample. Samples were collected from the drill in cloth bags by employees of New Frontier Drilling under the Company's
supervision. Samples were catalogued by Nevada Zinc's geologists and stored in a secure location. Certified reference
standards were placed in the sample stream of each drill hole at random intervals. Blank material was also inserted at
random intervals.
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 or their Reno, NV 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 standards. Reference standards
used include OREAS-133b, OREAS-134b, OGGeo08, and CZN-4. No significant issues were noted with analytical accuracy or
precision.
ALS's Reno, Elko, and North Vancouver locations all have ISO/IEC 17025:2005 accreditation.
Bruce Durham, P.Geo, is a qualified person, as that term is defined by National Instrument 43-101, and on behalf of
the Company has approved the contents contained in this press release.
Zinc Information
Teck, the world's third largest zinc miner provided a review of the zinc market in its shareholder day presentation
(March 30, 2016): http://www.teck.com/investors/presentations-webcasts/teck-s-investor-and-analyst-day---march-30 slides
111-117. The slides clearly depict a looming, significant zinc deficit for many years to come due to growing demand for
zinc offset by mine closures and a lack of new investment.
The current global weighted average mine grade for zinc operations, both open pit and underground, is now below 5%
zinc (see Teck ppt).
Additional zinc information is also available on the Nevada Zinc website (www.nevadazinc.com).
About Nevada Zinc
Nevada Zinc is a discovery driven mineral exploration company with a proven management team focussed on identifying
unique opportunities in mineral exploration that can provide significant value to its shareholders. The Company's
existing zinc and gold projects are located in Nevada and Yukon, respectively.
The Lone Mountain Project
While the Company maintains its highly prospective portfolio of Yukon gold properties and continues to advance them,
the current focus of the Company is the exploration and advancement of the Project comprised of 224 claims covering
approximately 4,000 acres near Eureka, Nevada.
The 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 3 kilometres.
For further information
contact:
Nevada Zinc Corporation
Suite 1660, 141 Adelaide St. West
Toronto, Ontario M5H 3L5
Tel: 416-504-8821
Bruce Durham, President and CEO
bdurham@nevadazinc.com
www.nevadazinc.com
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.
This news release may contain forward-looking statements including but not limited to comments regarding the timing
and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery
processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and
uncertainties. Actual results may differ materially from those currently anticipated in such statements.