VANCOUVER, British Columbia, Oct. 12, 2017 (GLOBE NEWSWIRE) -- InZinc Mining Ltd. (TSX-V:IZN) (“InZinc” or the “Company”) is pleased to announce the appointment of Mr. Wayne Hubert as Chief Executive Officer of the Company.
Mr. Hubert has over 20 years of senior management experience in the mining sector. He was most recently CEO of Andean Resources from 2006 to 2010 when it was acquired by Goldcorp for $3.5 billion. At Andean, Mr. Hubert lead the team which increased resources to over five million ounces of gold and completed feasibility studies, financing and permitting prior to the takeover. Before his tenure at Andean, Mr. Hubert held senior management positions at Meridian Gold where he gained considerable experience in finance, exploration, project development, permitting and construction. Mr. Hubert is currently a director of Austral Gold and Candeleria Mining. He has a bachelor of science in Chemical Engineering and an MBA.
“We are pleased to have Wayne become the driving force for growth at our two zinc projects,” stated Kerry Curtis, Non-executive Chairman of InZinc. “Wayne brings to InZinc extensive experience, successful achievements and enthusiasm to further development of the advanced stage West Desert project in Utah and the early stage Indy project in BC.”
Mr. Hubert stated, “I believe InZinc is at a turning point with strong zinc prices that have made the West Desert recently completed Preliminary Economic Assessment more robust. However, I am more excited by the exploration potential at West Desert — there is a significant precious metals component that has not been tested and impressive exploration potential at depth. The surface exploration at the Indy project this past year was successful in identifying a large zinc-lead-silver anomaly that is drill ready.”
Issuance of Stock Options
InZinc announces the grant of stock options to purchase a total of 980,000 common shares of the Company for a period of five (5) years at an exercise price of $0.12 per share effective October 11, 2017. These stock options will vest as to 50% immediately and 50% on October 11, 2018.
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.
