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Zinc One Resources Inc.
Summary
| Project: | Bongara | |
|---|---|---|
| Deposit: | Bongara | |
| Location: | Peru | |
| Commodities: | Zinc | |
| Date: | 2/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-2-2019: Zinc One Resources Inc. announces a Resource Estimation report for its Bongara deposit at the Bongara project. Initial mineral resource estimate at the project. Vancouver, British Columbia--(Newsfile Corp. - February 5, 2019) - Zinc One Resource | |
| Resources: | (Resource): 812Kt @ 18.9% Zn (Ind.), 1.339Mt @ 16.8% Zn (Inf.) | |
| CP/QP: | [Resources]: Al Workman, John Reddick (Watts, Griffis & McOuat Ltd.) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - February 5, 2019) - Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZZOF) (FSE: RH33) ("Zinc One" or the "Company") announces the first National Instrument 43-101 ("NI 43-101") Mineral Resource estimate for its Bongará Zinc Mine project in north-central Peru. The estimate was prepared for the Company by Watts Griffis and McOuat Limited ("WGM"). A supporting NI 43-101 technical report will be available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.zincone.com within 45 days of this release. The estimate consists of an Indicated Mineral Resource of 812,000 tonnes averaging 18.9% Zn containing 339,000,000 lbs of Zn at a 10% Zn cut-off and an Inferred Mineral Resource of 1,339,000 tonnes averaging 16.8% Zn containing 496,000,000 lbs of Zn at a 10% Zn cut-off. Greg Crowe, Director of Zinc One, stated, "This initial Mineral Resource estimate quantifies the amount of high-grade zinc in an area of known near-surface mineralization along a 1.4-kilometre trend. Further, geologic mapping and surface sampling confirms the potential of the larger Bongará Zinc Mine project to host additional significant zinc mineralization. Overall, the area of the newmineral resource estimate occupies only a small area along the strike of eight kilometres of prospective stratigraphy. In 2019, we plan to carry out additional drilling that includes upgrading the confidence level of the currently defined Inferred Mineral Resources and to expand the overall resource at nearby undrilled high-priority targets located between Mina Chica and Mina Grande Norte and northwest of Mina Chica at Campo Cielo." Key results from the Mineral Resource estimate at the Bongará Zinc Mine project in Peru can be summarized as follows: | |
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