InZinc Completes Work Program at Indy Zinc Project
24 August 2017 - 11:00PM
InZinc Mining Ltd. (TSX-V:IZN) (“InZinc” or the
“Company”) is pleased to announce completion of a surface
exploration program on the Indy zinc project (100% option) located
in central British Columbia. The field program consisted of
prospecting, geological mapping and soil geochemistry on high
priority zinc geochemical anomalies B and C, two of four large
geochemical anomalies occurring over a 6.5 km trend on the project.
Geochemical Anomaly B is host to a near surface
450 m long mineralized trend outlined by shallow, wide spaced
historical drilling. 2017 soil geochemistry focused on a 1.4 km
length of Anomaly B. Detailed sampling (50 m centered lines) has
been completed over the 500 m long southern portion of the anomaly
which is coincident with the area of mineralization outlined by
historical drilling. Detailed soil sampling was further extended to
cover the 900 m northern trend of the anomaly.
Wide spaced soil geochemistry has also been
completed over a 600 m length at Anomaly C, located approximately 1
km north of Anomaly B.
Analytical results are currently being compiled
with results from soil geochemistry and geological programs
conducted in 2016, 2013 and 2012 with completion expected in
September.
West Desert Project
The Company continues to refine its
understanding of the West Desert project, with potential
implications for future programs, joint or separate, focused on
optimizing the existing deposit as well as following up on other
targets, including historical hole CC-43, located approximately 650
m east of the existing deposit, which included an interval of 3.05
m grading 7.65% zinc, 3.50% copper and 25 g/t silver.
Participation at Metals Investor
Forum
The Company is pleased to present at the Metals
Investor Forum in Vancouver, BC, on September 15, 2017. The event,
hosted by newsletter writers, showcases each writers’ Top Pick
investment opportunities in the exploration and mining space.
About InZinc
InZinc is focused on growth in zinc through
exploration and expansion of the advanced stage West Desert project
(100%) in Utah and exploration of the early stage Indy project
(100% option) in British Columbia. West Desert has a large
underground resource open for expansion and has district scale
exploration potential. A West Desert preliminary economic
assessment completed in 2014 projected 1.6 billion pounds of zinc
production over 15 years. Indy comprises both near surface
exploration targets and regional discovery potential. Both zinc
projects are well located with easy access and existing
infrastructure.
InZinc Mining Ltd.
"Kerry Curtis” _____________________________
Kerry CurtisChairman andInterim Chief Executive
OfficerPhone: 604.687.7211Website: www.inzincmining.com
For further information contact: Joyce
Musial Vice President, Corporate Affairs Phone: 604.317.2728
Email: joyce@inzincmining.com
Cautionary Note Regarding
Forward-Looking StatementsThis news release contains
forward-looking statements and forward-looking information
(collectively, “forward-looking statements”) within the meaning of
applicable Canadian and US securities legislation. All statements,
other than statements of historical fact, included herein
including, without limitation, statements regarding the Company’s
next shareholder meeting. Although the Company believes that such
statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements
are typically identified by words such as: believe, expect,
anticipate, intend, estimate, plan, design, postulate and similar
expressions, or are those, which, by their nature, refer to future
events. The Company cautions investors that any forward-looking
statements by the Company are not guarantees of future results,
performance, or actions and that actual results and actions may
differ materially from those in forward-looking statements as a
result of various factors, including, but not limited to, those
risks and uncertainties disclosed in the Company’s Management
Discussion and Analysis for the year ended December 31, 2016 filed
with certain securities commissions in Canada and other information
released by the Company and filed with the appropriate regulatory
agencies. All of the Company's Canadian public disclosure filings
may be accessed via www.sedar.com and readers are urged to review
these materials, including the technical reports filed with respect
to the Company's mineral properties.
The PEA (2014) was prepared by Mine Development
Associates with contributions from International Metallurgical and
Environmental Inc. in accordance with the definitions in Canadian
National Instrument 43-101. All dollar amounts are US currency. The
PEA is considered preliminary in nature. It includes Inferred
mineral resources that are considered too speculative to have the
economic considerations applied that would enable classification as
mineral reserves. There is no certainty that the conclusions within
the PEA will be realized. Mineral resources that are not mineral
reserves do not have demonstrated economic viability. Long-term
metal prices used in the study included zinc at $1/lb, copper at
$3/lb, iron ore at $105/t (62% Fe, CFR-Tianjin), gold at $1,300/oz
and silver at $21/oz. The technical report is entitled “Technical
Report on the West Desert Zinc-Copper-Indium-Magnetite Project -
Preliminary Economic Assessment - Juab County, Utah” and is
available both at www.sedar.com and the Company’s website at
www.inzincmining.com.
Kerry M. Curtis, P.Geo. a Qualified Person as
defined in NI43-101, has approved the technical content of this
news release.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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