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Inzinc Mining Ltd.
Summary
| Project: | Indy | |
|---|---|---|
| Deposit: | Indy | |
| Location: | Canada | |
| Commodities: | Zinc-Silver | |
| Date: | 11/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-11-2018: Inzinc Mining Ltd. announces an Exploration/Drilling Update report for its Indy deposit at the Indy project. Drilling results incl. 6.29m @ 12.33% Zn, 2.98% Pb, 24.46g/t Ag from 60.0m. Vancouver, BC – InZinc Mining Ltd. (TSX-V: IZN) (the “Comp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brian McGrath (Not stated) | |
| ABSTRACT: | Vancouver, BC – InZinc Mining Ltd. (TSX-V: IZN) (the “Company”) announces the discovery of high grade, shallow mineralization from its first drill program at the Indy zinc project (100% option) located 100km southeast of Prince George in central British Columbia. Results from the eleven-hole drill program (1271m drilled), including intersections from the final six holes, identified a new zone of near surface mineralization called the B-9 zone. All significant intersections returned, including those previously released (see News Release NR2018-06), are located within 60m of surface. The first drill program at Indy has been a success with the discovery of shallow mineralization at the new B-9 zone, including high-grade massive sulphide mineralization in holes IB18-009 and IB18-003 which remain open for further exploration. Guided by cost effective soil geochemistry in an area of no surface rock exposure, the exploration drilling provides the first important insights into the distinctive type of mineralization at the B-9 zone and underscores the unique potential of the Indy project. Emerging Geological Model The geological characteristics of the B-9 zone (see News Release NR2018-06) are analogous to a distinctive geological setting, termed vent-proximal, within a sedimentary hosted exhalative (Sedex) type depositional environment. Sedex type zinc deposits, the rarer exhalative “cousins” of volcanogenic massive sulphide (VMS) Page 2 of 7 IZN News 2018-07 deposits, occur as clusters on a district scale and only within specific ages of sedimentary rock formations referred to as time horizons. The large and well-known deposits occur in the Yukon, northern and southern British Columbia, Australia and southern Africa. The Indy project is underlain by sedimentary formations correlated in age by the Geological Survey of Canada (Struik,1988) to the same time horizons hosting the Sedex deposits of northern British Columbia and the Yukon. With a large claim position (24km strike), new discoveries of shallow mineralization and extensive geochemical anomalies remaining to be tested, the Indy project provides multiple opportunities for new discoveries of this type in an unexplored region of central British Columbia. Indy is readily accessible by road from Prince George, the major hub for transportation and heavy industry in central British Columbia and is located 85km south of the Canadian National Railway. | |
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