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Zinc One Resources Inc.
Summary
| Project: | Bongara | |
|---|---|---|
| Deposit: | Mina Grande Sur | |
| Location: | Peru | |
| Commodities: | Zinc | |
| Date: | 9/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-9-2018: Zinc One Resources Inc. announces an Exploration/Drilling Update report for its Mina Grande Sur deposit at the Bongara project. Drilling results incl. 31.8m @ 28.2% Zn from 18.0m. Vancouver, British Columbia--(Newsfile Corp. - September 6, 2018) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bill Williams (Internal) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - September 6, 2018) - Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZZOF) (FSE: RH33) — "Zinc One" or the "Company") is pleased to announce the results from 29 of the 64 holes drilled in the Mina Grande Centro zone, Bongará Zinc Mine project located in north-central Peru. Noteworthy intercepts include 31.8 metres of 28.2% zinc from MGC18012 and 18.0 metres of 26.2% zinc from MGC18023. These holes tested an area of 125 metres by 50 metres along the northeastern edge of a zone previously mined and subsequently remediated. These holes demonstrated that the near-surface zinc mineralization is open to the northeast, as was indicated by historic drilling and exploration pits. Jim Walchuck, President and CEOof Zinc One, commented, "The Mina Grande Centro drill program successfully confirmed the near-surface zinc mineralization that was left behind by previous mining activity and clearly showed that additional highgrade mineralization has yet to be delineated to the northeast. Along with the zinc-oxide deposits at Mina Chica and Mina Grande Sur, we expect Mina Grande Centro to contribute to the overall resource estimate for the project anticipated to be completed during Q4 2018." Mina Grande Centro is a part of the Mina Grande zone, 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 consisting of 264 holes for 7,930 metres. Drill results at Mina Grande Norte and the remaining drill holes at Mina Grande Centro will 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. The results from drill holes MGC18001 through 029 at Mina Grande Centro can be found below in Table 1. A detailed map titled "Drilling and Pit/Surface Sampling at Mina Grande Centro" can be found on the Company website at www.zincone.com. | |
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