InZinc Announces Geophysics Underway in Advance of Drilling at West Desert Project
VANCOUVER, British Columbia, Jan. 31, 2018 (GLOBE NEWSWIRE) -- InZinc Mining Ltd. (TSX-V:IZN) (the “Company”) is pleased to announce a ground geophysical survey is underway adjacent to and east of the large, underground WD deposit at the Company’s 100% owned West Desert zinc-copper-iron project in Utah. The survey focuses on an untested area extending 1.4 km to the east of the WD deposit and containing multiple, historical silver-zinc drill intersections and a copper-zinc rich massive sulphide intersection located below the historic Utah silver mine. The geophysical survey will assist in target selection for an upcoming drill program at West Desert. A project management team is in place and drilling is expected to commence in late March, weather permitting.
Silver and Copper-Zinc Potential
The large zinc resources contained in the WD deposit and outlined in the 2014 Preliminary Economic Assessment remain open for expansion in several directions. Also, the untested area extending to and beyond a historical drill hole located 650 m east of the WD deposit has the potential for silver-rich zinc mineralization in addition to copper-rich zinc mineralization. The Company is designing an exploration program, incorporating wide-spaced drilling, with three objectives:
- Explore silver-rich zinc mineralization east of the WD zinc deposit and below the historic Utah silver mine
- Explore for deeper copper and zinc rich massive sulphides east of the WD zinc deposit
- Test for extensions of the WD zinc and indium deposit to the east
A map accompanying this announcement is available at:
http://resource.globenewswire.com/Resource/Download/34667d8c-d818-4237-a43f-86a664a1ab73
Attendance at BMO Global Metals and Mining Conference
Wayne Hubert, CEO, will be participating at the BMO Capital Markets 27th Global Metals & Mining Conference, February 25 – 28, 2018, Hollywood, FL.
Grant of Stock Options
InZinc announces the grant of incentive stock options to new geologic consultants to purchase a total of 200,000 common shares of the Company for a period of three (3) years at an exercise price of $0.22 per share effective January 30, 2018. These stock options will vest over the next 12 months.
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 forecasted 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.
"Wayne Hubert”
___________________
Wayne Hubert
CEO and Director
Phone: 604.687.7211
Website: 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 Statements
This 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. 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.
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.