22:12:05 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Inzinc Mining Ltd
Symbol IZN
Shares Issued 72,655,419
Close 2017-01-24 C$ 0.23
Market Cap C$ 16,710,746
Recent Sedar Documents

Inzinc receives TSX-V OK for Indy option agreement

2017-01-25 10:46 ET - News Release

Mr. Kerry Curtis reports

INZINC APPROVED TO ACQUIRE INDY ZINC PROJECT; PROGRAMS PLANNED

Inzinc Mining Ltd.'s option agreement to acquire a 100-per-cent interest in the Indy zinc project, located approximately 100 kilometres south of Prince George, B.C., has been accepted by the TSX Venture Exchange. Indy provides near-surface exploration potential at the mineralized Tex zone and regional discovery potential through numerous large, untested soil geochemical anomalies. The project area covers 9.8 kilometres of deformed sedimentary rocks spanning the Cambrian to Lower Mississippian, a geological period known to produce most of the major Western Canadian zinc deposits. The company is planning geochemical and geological programs for 2017, with drilling subject to results.

The Indy project complements the company's flagship 100-per-cent-owned West Desert advanced-stage zinc project in Utah. A preliminary economic assessment (2014) of West Desert estimated 1.6 billion pounds of zinc production over 15 years, with low-cost, bulk underground mining and conventional processing to produce high-quality concentrates. The carbonate replacement deposits (CRDs) at West Desert are open for expansion in multiple directions, and potential for further discoveries exists on a district scale. Multidisciplinary programs, including expansion and exploration drilling, are being designed for 2017 in advance of prefeasibility studies. Exploration permits and bonds are in place to initiate drilling.

About Inzinc

Inzinc is focused on growth in zinc through expansion and exploration of the advanced-stage West Desert project in Utah and the Indy exploration project in British Columbia. West Desert comprises a large resource, is open for expansion and has district-scale exploration potential. Indy comprises both near-surface exploration targets and regional discovery potential. Both zinc projects are well located with easy access and existing infrastructure.

Kerry M. Curtis, PGeo, a qualified person as defined in National Instrument 43-101, has approved the technical content of this news release.

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