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Inzinc Mining Ltd
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Close 2019-09-24 C$ 0.03
Recent Sedar Documents

Inzinc samples 2,635 ppm zinc at Indy

2019-09-26 09:48 ET - News Release

Mr. Wayne Hubert reports

INZINC ANNOUNCES SEDEX EXPLORATION RESULTS AT INDY BC: 1.5KM DELTA HORIZON DISCOVERED

Inzinc Mining Ltd. has made significant advancements from a two-phased surface exploration program completed in late August at its Indy sedimentary-hosted exhalative (sedex) project (100-per-cent option) in central British Columbia. Highlights include the definition of a large new sedex target called the Delta horizon. The new target is located five kilometres northwest of the B-9 zone, where shallow sedex-style mineralization was discovered in 2018, including 12.33 per cent zinc, 2.98 per cent lead and 24.46 grams per tonne silver (14.98 per cent zinc equivalent) over 6.3 metres in hole IB18-009, and remains open for expansion.

With a large claim position (25 km strike), recent discoveries of shallow mineralization and several large targets remaining to be tested, the Indy project provides multiple opportunities for discoveries of sedex-type deposits in an accessible and unexplored region of central B.C.

Program highlights 2019:

  • Delta horizon: 659 B-horizon soil samples outline a 1.5 km long high-contrast, multielement geochemical anomaly defined by distinctive sedex pathfinder elements and rock exposures;
  • Anomaly B: 379 soil samples extended and defined the geochemical trends associated with the 2018 sedex discovery area (B-9 zone). Multiple, parallel sedex-style trends are now defined with an aggregate length of two km of which 90 per cent remains untested by drilling;
  • Anomaly C: expanded the high-contrast untested geochemical anomaly to a 750 m length;
  • Action zone reconnaissance: 750 m length high-contrast geochemical anomaly, untested and open for expansion.

"The new Delta horizon, with its current 1.5 km length, strong soil geochemistry, sedex-type geology and distinctive pathfinder elements, underscores the potential for another discovery at this accessible and underexplored project," stated Wayne Hubert, chief executive officer of Inzinc. "The extensive 2019 sampling program (1,194 soils) over the seven km long main trend has identified the distinctive geochemical signatures associated with sedex deposits, in several potentially stacked horizons. The aggregate length of targets on the project now exceeds five km."

Delta horizon

The Delta horizon combines rock and soil metal enrichment with distinctive pathfinder elements and geologic rock types common to sedex deposits. Located within the Anomaly D area, it consists of a linear zone of siliceous sedimentary breccias, bounded by black shales and extending for 1.5 km in length. A coincident multielement soil geochemical anomaly (Zn, Pb, barium, phosphorus, strontium) including 18 samples returning greater than 100 parts per million Pb over a 500 m length, suggests potential metal accumulation toward the unexposed base of the breccia unit. A distinctive zoning of metals in soil is also apparent. Initial rock sampling has returned elevated base metals (including Zn at 2,635 ppm and Pb at 406 ppm) with enriched levels of pathfinder elements commonly associated with sedex deposits including numerous samples containing 5 to 15 per cent barium and phosphorous (greater than 2 per cent) in discontinuous exposures of the breccia unit.

Anomalies B, C and Action programs

At Anomaly B, a total of 379 B-horizon soils were collected. Highlights include the definition of three distinctive, parallel horizons, one of which is associated with mineralization discovered in 2018 drilling. The nearby lower two zones remain untested. In addition, distinctive geochemical patterns commonly associated with hydrothermal vents or feeders are now defined and may be the source of mineralization in the upper horizons. In 2018, a 250 m long area (B-9 zone) of Anomaly B was explored with wide-spaced drill holes and discovered numerous shallow sedex-style intersections, including 12.33 per cent Zn, 2.98 per cent Pb and 24.46 g/t Ag (14.98 per cent ZnEq) over 6.3 m in hole IB18-009. In aggregate, over two km of geochemical horizons are defined at Anomaly B; only 10 per cent has been drill tested.

The Anomaly C exploration program included 49 B-horizon soil samples extending the high-contrast multielement anomaly to the south-east. As currently outlined, the anomaly measures 750 m in strike length, is open in several directions and is untested by drilling.

In 2019, initial soil sampling was conducted on the recently acquired Action anomaly. The program included 107 B-horizon soils collected over a wide-spaced grid covering a 27-hectare area. Soil samples returned very high results including up to 3,187 ppm Zn, 1,432 ppm Pb, 2.7 g/t Ag and 1,685 ppm Ba. The current zone measures 750 m in strike length, is open to the south and requires further surface exploration in advance of drilling.

Airborne geophysical surveys and continued geochemical sampling are currently being evaluated as cost-effective methods to provide 3-D data and further prioritize the numerous anomalies and mineralized zones for drill-target selection. Additional soil geochemistry is required to evaluate the Delta East area, where wide-spaced historical sampling returned extensive areas of anomalous Zn plus Pb in soil.

Qualified person

Brian McGrath, BSc, PGeo, a qualified person as defined in National Instrument 43-101, has approved the technical content of this news release.

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 B.C. 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. Byproducts would include copper, magnetite and indium, the latter being identified by the United States in 2017 as a critical mineral.

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