Vancouver, British Columbia--(Newsfile Corp. - May 24, 2017) - Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZZOF) (Frankfurt: RH33) ("Zinc One") is pleased to provide an update on its exploration program of the former producing Bongará Zinc Mine Project upon the formal closing of its acquisition of Forrester Metals Inc. (see news release dated May 16, 2017).
Planned Drill Program on Bongará Zinc Mine Project
Zinc One intends to commence a resource drill program of up to 300 shallow drill holes, subject to obtaining permits under application with the Ministry. The program plans to implement a tighter drill spacing in the zones of known mineralization as well as test zones on the periphery of the known mineralization. A trenching and pit sampling program will accompany the drill holes to provide further data for a resource estimate. Zinc One intends to have the program completed by year end and, if successful, issue a resource estimate and accompanying National Instrument 43-101 technical report.
Zinc One is fortunate to be able to incorporate previous exploration and engineering data into the aforementioned program. Zinc One will also initiate preliminary key studies to determine the best options for the environmental, mining and metallurgical aspects for the project.
This drill program is intended to confirm previous exploration results of high-grade, zinc-oxide mineralization on the Bongará Zinc Mine Project, which resulted in the following historical resource estimate:
|
Historical Resource Category |
Mineral Type |
Tonnes |
Zn (%) |
|
Measured |
Oxides |
329,236 |
22.45 |
|
Indicated |
Oxides |
678,560 |
21.20 |
|
Total M + I |
Oxides |
1,007,796 |
21.61 |
|
Inferred |
Oxides |
209,018 |
21.18 |
(Note: Historical resource estimate was previously prepared on the Bongará Zinc Mine by the previous operator, Corianta S.A. in 2011. Please see cautionary statement on historical resource estimate below.)
About Bongará Zinc Mine and Charlotte Bongará Zinc Project
This is the first time that both projects have been controlled by a single operator and this offers a unique opportunity to delineate a substantial high-grade, zinc-oxide mineralized zone along a 4 km long trend. The Bongará Zinc Mine zinc-oxide mineralization was discovered in 1974 and since then various companies have completed exploration programs across the area. The mineralization is concentrated along and proximal to a NW-trending anticlinal axis over approximately 2.5 kilometres. From the southeast edge of the project, the Mina Grande, Mina Chica and Bongarita mine areas were subject to sampling from pits and trenches as well as shallow drilling over a distance of approximately 1.2 kilometres. This zinc-oxide mineralization appears to continue to the northwest into an additional exploration area known as Campo Cielo, where additional high grade, zinc-oxide mineralization in historical pits and trenches was encountered.
The adjacent Charlotte Bongará Zinc Project lies approximately 2 kilometres from the Bongará Zinc Mine and was initially explored by Solitario Resources in 1994. Cominco Ltd. later completed five drill holes for 592 metres within the property, two of which encountered near-surface, high-grade, zinc-oxide mineralization. Between 2007 and 2011, Rio Cristal Zinc optioned the project and eventually drilled 95 drill holes for a total of 7,722 metres on the Cristal and Charlita prospects. Some of the Rio Cristal drill results included 29.5% Zn across 15.5 metres, 26.1% Zinc across 12.5 metres, 29.7% Zinc across 11.5 metres (the cited intervals are drill-intercept widths and true widths are unknown). These results warranted further exploration of the Campo Cielo area, the Charlotte Bongará zone and the 4 kilometer strike length between them.
Qualified Person
The technical content of this news release has been reviewed and approved by James Walchuck, CEO and Director of Zinc One and a qualified person as defined by National Instrument 43-101.
