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
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.
