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Zinc One Resources Inc.
Summary
| Project: | Bongara | |
|---|---|---|
| Deposit: | Mina Grande Centro, Mina Grande Norte | |
| Location: | Peru | |
| Commodities: | Zinc | |
| Date: | 10/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-10-2018: Zinc One Resources Inc. announces an Exploration/Drilling Update report for its Mina Grande Centro, Mina Grande Norte deposit at the Bongara project. Drilling results incl. 37.0m @ 31.6% Zn from 5.0m. Vancouver, British Columbia--(Newsfile Cor | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bill Williams (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - October 10, 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 16 of the remaining 35 holes in the Mina Grande Centro zone as well as 8 of the 16 holes drilled in the Mina Grande Norte zone, Bongará Zinc Mine project located in north-central Peru. At Mina Grande Centro, holes MGC18037 to MGC18046 were condemnation holes located within an area of known mining in the southwest sector. The other drill holes reported herein are located eastward of this mined area with the best intercept from MGC18036, which drilled 21.7 metres of 22.7% zinc. At Mina Grande Norte, drilling was focused on the eastern edge of previous mining and west of the high-grade zinc-oxide mineralization established by the earlier pit sampling and historical drilling to the north and east. Spectacular intercepts of 37.0 metres of 31.6% zinc from MGN18006, 30.0 metres of 28.3% zinc from MGN18004, and 19.5 metres of 28.0% zinc from MGN18003 were encountered. Jim Walchuck, President and CEOof Zinc One commented, "The Mina Grande Norte results are beyond our expectations and we fully expect that this area will make an important contribution to the total project's resource estimate, which we anticipate will be completed during Q4 2018. The Mina Grande Centro drill program has clearly shown that there is the potential for high-grade mineralization to be delineated to the northeast and has provided important information regarding mined mineralization, all of which helps with our development planning." Discussion of Results Mina Grande Centro and Norte are 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 7,930 metres. Assay results from the remaining drill holes at Mina Grande Centro and Norte will be released in the coming weeks. | |
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