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Inzinc Mining Ltd
Symbol IZN
Shares Issued 73,355,419
Close 2017-09-14 C$ 0.13
Market Cap C$ 9,536,204
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Inzinc Mining plans exploration at West Desert

2017-09-14 11:38 ET - News Release

Mr. Kerry Curtis reports

INZINC HIGHLIGHTS THE SILVER AND COPPER-ZINC POTENTIAL AT WEST DESERT PROJECT

Inzinc Mining Ltd. has provided results of its review with respect to project advancement strategies at the company's 100-per-cent-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 metres 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 metres east of the deposit. As this area of exploration potential coincides with underground development plans designed in the preliminary economic assessment, future drilling will be a priority.

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 metres 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 historical Utah silver mine, 650 metres 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 metres farther east.

Drill hole CC-43 intersections included:

  • 5.1 ounces per ton silver, 6.8 per cent zinc over 4.9 metres at 460 metres below surface;
  • 6.0 ounces per ton silver, 1 per cent zinc over 1.8 metres at 690 metres 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 ounces per ton silver, 4.3 per cent zinc over 10.8 metres at 200 metres below surface. The 650-metre 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 metres of sulphide mineralization, with a core of massive sulphide grading 7.6 per cent zinc, 3.5 per cent copper and 1.0 ounce per ton silver over 3.1 metres at 800 metres 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 per cent copper). The 650-metre 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-rich 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 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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