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Zinc One Resources Inc.

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Summary

Project:

Bongara

Deposit:Mina Grande Sur
Location:Peru
Commodities:Zinc
Date:8/21/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:21-8-2018: Zinc One Resources Inc. announces an Exploration/Drilling Update report for its Mina Grande Sur deposit at the Bongara project. Drilling results incl. 18.0m @ 36.0% Zn from 21.0m. Vancouver, BC – August 21, 2018 - Zinc One Resources Inc. (TSX-V
Resources:x
CP/QP:[Overall Report]: Bill Williams (Internal)
ABSTRACT:Vancouver, BC – August 21, 2018 - Zinc One Resources Inc. (TSX-V: Z; OTC Markets: ZZZOF; Frankfurt: RH33 – “Zinc One” or the “Company”) is pleased to announce the results from the last 27 drill holes of the Mina Grande Sur zone, Bongará Zinc Mine project located in north-central Peru. These drill holes are located in the northern sector of Mina Grande Sur. Holes identified as MGS18081 through 95 were drilled along the northern perimeter of mineralization delineating the northern extent of mineralization in the zone. Noteworthy intercepts include 18.0 metres of 36.0% zinc from MGS18077 and 11.5 metres of 32.0% zinc from MGS18080. Overall, 95 holes for a total of 2,328.4 metres have been drilled at Mina Grande Sur. Jim Walchuck, President and CEO of Zinc One commented, “The Mina Grande Sur drill program delineated near-surface, zinc-oxide mineralization over a length of 350 metres in a north-south direction and as much as 200 metres in an east-west direction, open to the south and southwest. Along with the zinc-oxide deposit discovered at Mina Chica, we expect the success of this drill program to be manifested by a contribution to the total project’s resource estimate, which we anticipate will be completed Q4 2018.” Mina Grande Sur is one of three known 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 7,930.6 metres. All drill results from Bongarita, Mina Chica, and Mina Grande Sur have now been reported with results from Mina Grande Centro and Mina Grande Norte to be released in the coming weeks. Geology and Discussion of Results The zinc mineralization at the Bongará Zinc Mine project is classified as a Mississippi Valley-type deposit and is mostly hosted by strongly dolomitized brecciated limestones that are stratabound. The mineralization can also occur as tabular bodies with irregular boundaries, which is a characteristic of that mineralization encountered along the periphery of breccias, especially at Mina Chica. Hydrozincite (zinc oxide mineral), smithsonite (zinc carbonate mineral), hemimorphite (zinc silicate mineral), and a zinc-aluminum-iron silicate are the primary zinc minerals that are hosted by soils, dolomitized breccias, heavily-weathered fractured and vuggy dolomitized limestones, and fine- to coarse-grained dolomitized limestones.

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