13:33:17 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Inzinc Mining Ltd
Symbol IZN
Shares Issued 105,185,419
Close 2018-01-31 C$ 0.20
Market Cap C$ 21,037,084
Recent Sedar Documents

Inzinc Mining begins geophysical survey at West Desert

2018-01-31 10:55 ET - News Release

Mr. Wayne Hubert reports

INZINC ANNOUNCES GEOPHYSICS UNDERWAY IN ADVANCE OF DRILLING AT WEST DESERT PROJECT

A ground geophysical survey is under way adjacent to and east of the large, underground WD deposit at Inzinc Mining Ltd.'s 100-per-cent-owned West Desert zinc-copper-iron project in Utah. The survey focuses on an untested area extending 1.4 kilometres to the east of the WD deposit and containing multiple historical silver-zinc drill intersections and a copper-zinc-rich massive sulphide intersection located below the historical Utah silver mine. The geophysical survey will assist in target selection for a coming drill program at West Desert. A project management team is in place, and drilling is expected to commence in late March, weather permitting.

Silver and copper-zinc potential

The large zinc resources contained in the WD deposit and outlined in the 2014 preliminary economic assessment remain open for expansion in several directions. Also, the untested area extending to and beyond a historical drill hole located 650 metres east of the WD deposit has the potential for silver-rich zinc mineralization in addition to copper-rich zinc mineralization. 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 historical Utah silver mine;
  • Explore for deeper copper- and zinc-rich massive sulphides east of the WD zinc deposit;
  • Test for extensions of the WD zinc and indium deposit to the east.

Attendance at BMO Global Metals and Mining Conference

Wayne Hubert, chief executive officer, will be participating at the BMO Capital Markets 27th Global Metals & Mining Conference from Feb. 25 to Feb. 28, 2018, in Hollywood, Fla.

Grant of stock options

Inzinc announces the grant of incentive stock options to new geologic consultants to purchase a total of 200,000 common shares of the company for a period of three years at an exercise price of 22 cents per share, effective Jan. 30, 2018. These stock options will vest over the next 12 months.

About Inzinc Mining Ltd.

Inzinc is focused on growth in zinc through exploration and expansion of the advanced-stage West Desert project (100 per cent) in Utah and exploration of the early-stage Indy project (100-per-cent 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.

We seek Safe Harbor.

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