11:08:10 EST Thu 07 Dec 2023
Enter Symbol
or Name

Inzinc Mining Ltd
Symbol IZN
Shares Issued 123,402,084
Close 2023-09-25 C$ 0.03
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Inzinc Mining completes drill program at Indy

2023-09-25 12:42 ET - News Release

Mr. Wayne Hubert reports


Inzinc Mining Ltd. has completed the 2023 exploration drill program, and demobilization of equipment and personnel at the Indy project (100-per-cent interest) located 100 kilometres southeast of Prince George in central British Columbia.

The nine-hole, 1,064-metre ground-based reverse circulation drill program explored the Keel Red target area (six holes), where rare earth elements (REE) were identified with nickel-cobalt-copper discovered in 2022, and the Echo North target (three holes), defined, principally, by its strong zinc-lead-barium-in-soil signatures. All drill samples have been delivered to the laboratory for analysis with initial results anticipated in late October to November, depending on lab turnaround time.

Keel Red target -- rare earth elements and associated nickel-cobalt-copper

In 2022, diamond drill hole IB22-020 intersected 27.1 metres of buried red-clay-rich material starting at 47.3 metres downhole and averaging 0.67 per cent zinc and 0.13 per cent nickel. The upper part of the core interval (from 47.3 m to 55 m) also returned 0.11 per cent copper over 7.8 m. Additionally, the 27.1 m interval returned cobalt content averaging 163 parts per million (ppm), including values up to 962 ppm (0.10 per cent) over a one m core length. Further analysis in 2023 returned 363 ppm total rare earth oxides (TREO) over the 27.1 m interval. The heavy rare earth oxides (HREO) comprise approximately 60 per cent of the average TREO content over the 27.1 m interval.

Echo North target -- multimetal

The 1.9-kilometre-long Echo target is a continuous high-contrast, multielement (zinc, lead and barium signatures) soil geochemical anomaly discovered in 2021. Echo North comprises an area 400 m by 250 m defined, principally, by its strong zinc-lead-barium-in-soil signatures. Additional strong nickel-cobalt-copper surface geochemical signals also occur across the western flank of the Echo North target.

About Inzinc Mining Ltd.

Inzinc is an active explorer and, through its Indy project (100-per-cent interest), equity and royalty interests, is exposed to a diverse portfolio of active North American base metals and precious metals projects. The company has discovered and continues to explore for expansion of near-surface zinc, nickel-cobalt-copper and rare earth element mineralization at the easily accessible Indy project located in a new and underexplored mineral region of central British Columbia, Canada. A Canadian subsidiary of South32 became a major tenure holder in the belt by staking approximately 200 square kilometres of adjacent claims in late 2021. Inzinc has a significant equity investment in American West Metals which is advancing multiple North American base metals projects. In addition, Inzinc has a production royalty and will receive 50 per cent of the revenue (net smelter return) from the sale of indium mined from American West's West Desert project.

Qualified person

Brian McGrath, BSc, PGeo, a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has approved the technical content of this news release.

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