VANCOUVER, British Columbia, Sept. 14, 2017 (GLOBE NEWSWIRE) -- InZinc Mining Ltd. (TSX-V:IZN)
(“InZinc” or the “Company”) is pleased to provide results of its review with respect to project advancement strategies at the
Company’s 100% owned West Desert zinc project in Utah. The review highlights the potential for silver-rich zinc mineralization in
addition to copper-rich zinc mineralization in an untested area extending over 650 m east of the WD zinc deposit. Also, the large
zinc resources contained in the WD deposit and outlined in the 2014 Preliminary Economic Assessment remain open for expansion in
several directions.
The exploration potential east of the WD deposit is based, in part, on the presence of multiple silver rich
intersections and a high grade copper-zinc massive sulphide intersection in historical drill hole CC-43, which was drilled below a
past-producing silver mine located 650 m east of the deposit. As this area of exploration potential coincides with underground
development plans designed in the PEA, future drilling will be a priority.
Maps detailing the West Desert exploration potential can be found at this link:
http://www.globenewswire.com/NewsRoom/AttachmentNg/48a575b5-a707-4439-90dc-25f1d36a76df
Silver Potential
Silver mineralization on the property includes numerous surface occurrences and past producing mines
collectively described as the historic Fish Springs Mining District. The district included several operations including the Utah
Silver mine, which produced 2.7 million ounces of silver, operated until 1950 and is located 650 m east of the WD zinc deposit. The
proximity of the Utah Silver mine to the WD zinc deposit, its enriched precious metal content and the depth extent of this
mineralization are of key interest. Silver is not currently included in the resources comprising the WD zinc deposit.
Silver in Historical Drill Hole CC-43
In 1980, Utah Mines completed drill hole CC-43 which targeted the depth extension of silver mineralization at
the historic Utah Silver mine, 650 m east of the WD zinc deposit. The drill hole intersected several silver-rich zinc zones which
were interpreted to represent the depth extension of silver mineralization at the Utah Silver mine and the Emma-Vulcan workings
located several hundred meters further east.
Drill hole CC-43 intersections* included:
5.1 oz/t Ag, 6.8% Zn over 4.9 m at 460 m below surface
and
6.0 oz/t Ag, 1.0% Zn over 1.8 m at 690 m below surface
Similar silver enriched mineralization has also been intersected in drilling at the upper east portion of the WD
zinc deposit. This is highlighted by a drill hole completed in 2008 (CC08-11) which returned 7.4 oz/t Ag, 4.3% Zn over 10.8 m at
200 m below surface. The 650 m area between the silver rich intersections in CC-43 and the upper eastern portion of the WD zinc
deposit is untested by drilling.
Copper Rich Massive Sulphide in Historical Drill Hole CC-43
Drill hole CC – 43 continued below the highlighted silver rich intersections where it intersected* 7.6 m of
sulphide mineralization, with a core of massive sulphide grading:
7.6% Zn, 3.5% Cu and 1.0 oz/t Ag over 3.1 m at 800 m below surface
This mineralization is similar to the sulphide mineralization comprising the WD zinc deposit but contains
considerably higher copper content (WD zinc deposit average grades include approximately 0.22% copper). The 650 m area between the
copper-rich zinc intersection in CC-43 and the known eastern margin of the WD zinc deposit is untested by drilling.
Exploration Program
The Company is designing an exploration program, incorporating wide-spaced drilling, with three objectives:
- Explore silver-rich zinc mineralization east of the WD zinc deposit and below the Utah Silver mine
- Explore for copper and zinc rich massive sulphides east of the WD zinc deposit
- Test for extensions of the WD zinc deposit to the east
Geophysical surveys will be an initial component of the program, supporting target selection and corresponding
drill hole locations over the exploration area.
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.
InZinc Mining Ltd.
"Kerry
Curtis”
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Kerry Curtis |
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For further information contact: |
Chairman and |
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Joyce Musial |
Interim Chief Executive Officer |
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Vice President, Corporate Affairs |
Phone: 604.687.7211 |
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Phone: 604.317.2728 |
Website: www.inzincmining.com
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Email: joyce@inzincmining.com
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*True widths of intersections are estimated at 70-90%.
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. Some technical content contained in this news release is based in part on historical reports. The Qualified Person is
not responsible for the accuracy or the content of the historical reports.
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.