Mr. Wayne Hubert reports
INZINC RECEIVES 5-YEAR DRILL PERMIT RENEWAL AND PROVIDES EXPLORATION UPDATE AT INDY PROJECT IN CENTRAL BC
Inzinc Mining Ltd.'s renewal of a five-year drill permit, with provisions for up to 60 drill holes, access trails and related work, was received July 18 for the Indy Sedex (zinc-lead-silver) project (100-per-cent interest) located 90 kilometres (km) southeast of Prince George, B.C.
On July 21, wildfire-related evacuation orders were issued and are in place for communities (Wells-Barkerville) and surrounding areas located to the south of the project. The company continues to monitor notices and developments. All Inzinc crews are currently on a planned break and are absent from the project site.
Considering these developments, Inzinc is re-evaluating the timing of the next phase of drill testing, notionally scheduled for this fall, at Indy. The company is currently well positioned with working capital.
2024 ground exploration
Based on recent stratigraphic correlations1, the geological setting at Indy is highly analogous to that hosting mineral deposits in the prolific, metal-rich Selwyn basin. To help guide the next drill campaign, Inzinc completed additional geological mapping, soil geochemistry and rock sampling across the Main trend area in June and early July. Soil and rock samples have been submitted for analysis with results anticipated in late August.
The Selwyn basin, an 1,100-kilometre-long sedimentary belt, hosts the world's second-largest known accumulation of Sedex deposits, including some of the world's largest. Previously, the mineralized sequences of the Selwyn basin were only known to extend from the Yukon into northeastern British Columbia. The Indy project, located approximately 500 km south of the nearest known Selwyn basin deposit, is particularly well located with respect to road, rail and power infrastructure.
Property-wide Sedex exploration targets
The widespread distribution of mineralization at Indy includes many features common to prolific Sedex districts. The recent discovery of abundant barite, with zinc-lead enrichment, also provides an important exploration vector and will enhance exploration targeting for these deposits. Priority drill targets include Keel Barite and Keel West -- extensive barite mineralization (700 m strike) at Keel with local enrichment in zinc-lead sulphides at Keel West.
About Inzinc Mining Ltd.
Inzinc is an active explorer and, through its Indy project, equity investment and royalty interests, is exposed to a diverse portfolio of active North American base metals and precious metals projects.
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