Zinco Reports on Drilling Results for San Juan, Cuale District, Jalisco VMS Project, Mexico
(firmenpresse) - SURREY, BRITISH COLUMBIA -- (Marketwire) -- 10/11/11 -- Zinco Mining Corporation (TSX VENTURE: ZIM) (FRANKFURT: 61Z) is pleased to announce that it has obtained complete assay results for 955.3 meters of HQ diamond drilling in holes ZIM34 to ZIM42 from the San Juan prospect, Cuale VMS District, Mexico. Two holes, drilled 105 meters apart, returned high silver and moderate base metal values over substantial widths of more than 55 meters down hole. Hole ZIM35, collared 56 meters west of hole ZIM9, returned values of 134 g/t silver, 1.2% zinc, 0.78% lead, 0.01% copper and 63 ppb gold across 63 meters. Similar results of 136 g/t silver, 0.75% zinc, 0.49% lead, 0.01% copper and 53 ppb gold across 54.65 meters were returned from ZIM39, collared 70 meters northeast of ZIM9. Complete results for all of the holes are tabulated below.
The main objectives of the core drilling program at San Juan were to: (i) expand on reverse-circulation drill hole intercept ZIM9 that returned results of 95 g/t silver, 0.96% zinc, 0.44% lead, 0.01% copper and 56 ppb Au across 194.82 m (the largest continuous drill hole intercept of silver-rich mineralization ever intercepted on Zinco's VMS Project), and (ii) model the geological context of the mineralization, work that could not be done as reliably with reverse-circulation chip samples.
Overall, the core-drilling program has expanded the bulk-tonnage silver-lead-zinc potential of San Juan and provided geological controls on the mineral deposit that will help define the placement of drill holes for the next drilling program. In particular, on the basis of these results, the Company intends to conduct further exploration of the upper and marginal portions of the QFP, the host rock to the most valuable and silver-rich parts of the San Juan deposit.
Table 1. HQ diamond drill hole intercepts from San Juan, Cuale VMS District, Jalisco, Mexico
Qualified Person
This press release was reviewed by Michelle Robinson, M.A.Sc., P.Eng., a Director of Zinco Mining Corporation, who acts as Zinco's Qualifed Person as defined by NI 43-101. Geochemical assaying done by Zinco was completed by Acme Analytical Laboratories according to the procedures described in Zinco's News Release (NR 2011.05) dated 17 August 2011.
Further information about the Jalisco VMS Project can be reviewed on Zinco's website
ON BEHALF OF THE BOARD,
David Elgee, PRESIDENT
Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.
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 NEWS RELEASE.
Contacts:
Zinco Mining Corporation
David Elgee
President
(604) 507-2181
(604) 507-2187 (FAX)
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Datum: 11.10.2011 - 13:01 Uhr
Sprache: Deutsch
News-ID 74685
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Mining & Metals
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