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Zinc One Resources Inc.
Summary
| Project: | Bongara | |
|---|---|---|
| Deposit: | Mina Grande Centro | |
| Location: | Peru | |
| Commodities: | Zinc | |
| Date: | 11/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-11-2018: Zinc One Resources Inc. announces an Exploration/Drilling Update report for its Mina Grande Centro deposit at the Bongara project. Drilling results incl. 28.1m @ 24.1% Zn from 7.5m. Vancouver, British Columbia--(Newsfile Corp. - November 15, 2 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bill Williams (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - November 15, 2018) - Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZZOF) (FSE: RH33) ("Zinc One" or the "Company") is pleased to announce the drill results from the remaining unreported holes in the Mina Grande Centro zone, Bongará Zinc Mine project located in north-central Peru. These holes delineated the northern and western perimeters of mineralization previously mined. MGC18051 intercepted 24.1% zinc over a length of 28.1 metres, or 19.9 vertical metres, was the best intercept of those drill holes reported herein and defined continuity of mineralization in the northeastern sector. Dr. Bill Williams, Interim CEOof Zinc One commented, "These Mina Grande Centro results give us a better perspective of the deposit geometry and size. After drilling 64 holes for 2,237 metres in this sector, we have outlined the extent of the mineralization not mined to the north, west, and south and demonstrated that high-grade zinc mineralization is open to the northeast and east. We expect this sector to make an important contribution to the overall resource estimate." Discussion of Results Mina Grande Centro is a part of one of the three zones of high-grade, near-surface zinc-oxide mineralization along a 1.4 kilometre mineralized trend that was tested by this drill program, which consisted of 264 holes for 7,931 metres. These zones - Mina Grande, Mina Chica, and Bongarita - were drilled on a nominal 35-metre spacing, which defined each deposit in three of the cardinal directions. Currently, an application to delineate the mineralization encountered by this overall drill program as well as explore proximal areas is being reviewed by the Ministry of Mines. At Mina Grande Centro, most of the area drilled was remediated by the previous operator so delineation of mined mineralization was vital to the size and geometry of the zinc deposit today for resource estimate and development purposes. | |
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