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Zinc One Resources Inc.
Summary
| Project: | Bongara | |
|---|---|---|
| Deposit: | Mina Grande Norte | |
| Location: | Peru | |
| Commodities: | Zinc | |
| Date: | 11/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-11-2018: Zinc One Resources Inc. announces an Exploration/Drilling Update report for its Mina Grande Norte deposit at the Bongara project. Drilling results incl. 39.6m @ 37.0% Zn from 3.7m. Vancouver, British Columbia--(Newsfile Corp. - November 7, 2018 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bill Williams (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - November 7, 2018) - Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZZOF) (FSE: RH33) ("Zinc One" or the "Company") is pleased to announce additional drill results from the remaining holes in the Mina Grande Norte zone, Bongará Zinc Mine project located in north-central Peru. Drilling was focused on the eastern edge of the zone that was mined by the previous operator and west of the high-grade zincoxide mineralization outlined by the pit sampling, in part resampled by Zinc One, and historical drill data. High-grade intercepts included up to 39.6 metres of 37.0% zinc from MGN18010 and 14.4 metres of 40.5% zinc from MGN18012 . The drill program at Mina Grande Norte encountered multiple high-grade intercepts in the western sector and, along with the results from pit sampling, establish that the mineralization covers an area of approximately 175 metres in an east-west direction and 100 metres in a north-south direction. Dr. Bill Williams, COOof Zinc One commented, "The numerous high zinc grades associated with the Mina Grande Norte zone are spectacular and exceed our overall expectations for thickness and grade along the western edge of the deposit. They delineated the aerial and vertical extent of the high-grade mineralization and will be an important contribution to the upcoming resource estimate. The drill results at Mina Grande Norte are very encouraging and reinforce the upside potential of the Bongara project overall. Discussion of Results Mina Grande Norte 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. At Mina Grande Norte, earlier pit sampling did not establish the base of mineralization. As at Mina Chica, the lengthy intercepts of high-grade mineralization did not outcrop, further substantiating the untested exploration potential between these two areas. The results from drill holes MGN18009 through 016 at Mina Grande Norte can be found below in Table 1. A detailed map titled "Drilling and Pit/Surface Sampling at Mina Grande Norte" can be found on the Company website at www.zincone.com. | |
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