Zinc One Reports Additional High-Grade Zinc Results from its Bongará Mine Project, Peru
Update on Commencement of Drill Program
(PresseBox) - Zinc One Resources Inc. (TSX-V: Z; OTC Markets: ZZOF; Frankfurt: RH33 ? ?Zinc One? or the ?Company? - https://www.youtube.com/... ) has received additional results from an ongoing surface-sampling program at its Bongar
Highlights from the program include a surface channel sample (C-011-17) with 45.0 metres of 27.7% zinc and 4.0 metres of 30.5% zinc from an exploration pit (P285-17). All samples were located in the southern end of a 1.4-kilometre long trend of surface and near-surface zinc mineralization in the area referred to as Mina Grande Sur (formerly Fase C).
Jim Walchuck, President and CEO of Zinc One stated, ?The high zinc values augment previous high-grade results from samples collected not only at Mina Grande Sur, but at Bongarita and Mina Chica also. All three zones lie within a mineralized system that has been traced for over 1.4 kilometres. The full extent of mineralization potential within this system has not been fully tested and remains open for the discovery of additional, high-grade mineralized zones.
Geology and Discussion of Results
The Bongarclinal fold axis and is mostly contained within a southeasterly plunging tabular body.
The sampling program commenced at the northern end of the trend of known high-grade, zinc-oxide mineralization. The results reported herein include the most recentsampling in the Mina Grande Sur area at the southern end of the trend. Thesampling in the Mina Grande Norte zone was completed in early January, with sample results expected in February 2018.
Table 1 below highlights the results from a channel with 45.0 metres of 27.7% zinc from Mina Grande Sur. Table 2 provides a summary of select pit samples from the same area. Since the true strike and dip of the stratabound mineralization is not known, the sample thicknesses from the pits do not necessarily represent the true thickness of the mineralized body. Additional maps and a summary of all results are available on the Company website at www.zincone.com.
Table 1: Mina Grande Sur ? Channel Samples
Channel ID From (m) To (m) Length (m) Zn, % Pb, %
C-011-17 0.00 2.00 2.00 7.29 0.14
C-011-17 2.00 4.10 2.10 13.45 0.24
C-011-17 4.10 6.50 2.40 25.60 0.35
C-011-17 6.50 8.50 2.00 51.33 0.42
C-011-17 8.50 10.00 1.50 36.84 0.86
C-011-17 10.00 11.20 1.20 38.66 0.96
C-011-17 11.20 13.30 2.10 35.78 4.54
C-011-17 13.30 15.30 2.00 41.81 3.52
C-011-17 15.30 16.70 1.40 32.49 10.00
C-011-17 16.70 19.00 2.30 22.80 10.00
C-011-17 19.00 19.80 0.80 40.73 1.29
C-011-17 19.80 20.40 0.60 17.10 1.76
C-011-17 20.40 22.70 2.30 39.39 0.57
C-011-17 22.70 25.00 2.30 40.27 0.64
C-011-17 25.00 26.00 1.00 38.57 1.12
C-011-17 26.00 28.30 2.30 3.63 1.67
C-011-17 28.30 30.70 2.40 3.06 0.66
C-011-17 30.70 32.70 2.00 3.64 0.92
C-011-17 32.70 34.70 2.00 3.23 1.46
C-011-17 34.70 36.50 1.80 36.12 0.96
C-011-17 36.50 38.50 2.00 32.16 1.63
C-011-17 38.50 40.90 2.40 40.89 1.44
C-011-17 40.90 43.00 2.10 33.87 0.63
C-011-17 43.00 45.00 2.00 26.00 0.29
Table 2: Mina Grande Sur ? Pit Samples
Pit ID From (m) To (m) Length (m) Zn, % Pb, % Thickness (m) Zn, %
P0094. 94-17 0.00 1.00 1.00 0.51 0.74
P0094. 94-17 1.00 2.00 1.00 1.12 3.45
P0094. 94-17 2.00 3.00 1.00 21.40 10.00
P0094. 94-17 3.00 4.00 1.00 12.85 1.19 2.0 17.10
P0093.94-17 0.00 1.00 1.00 1.44 0.42
P0093.94-17 1.00 2.00 1.00 2.99 3.35
P0093.94-17 2.00 3.00 1.00 40.81 3.07 1.0 40.81
P0112.86-17 0.00 1.00 1.00 20.20 1.74
P0112.86-17 1.00 2.00 1.00 29.00 1.17 2.0 24.60
P0294.95-17 0.00 1.00 1.00 2.90 1.38
P0294.95-17 1.00 2.00 1.00 40.38 1.44 1.0 40.38
P0289.95-17 0.00 1.00 1.00 18.15 1.36
P0289.95-17 1.00 2.00 1.00 32.91 1.20
P0289.95-17 2.00 3.00 1.00 21.10 0.61 3.0 24.05
P0285.95-17 0.00 1.00 1.00 2.10 1.06
P0285.95-17 1.00 2.00 1.00 3.06 3.29
P0285.95-17 2.00 3.00 1.00 37.15 1.36
P0285.95-17 3.00 4.00 1.00 31.10 1.22
P0285.95-17 4.00 5.00 1.00 30.09 1.00
P0285.95-17 5.00 6.00 1.00 23.60 1.27 4.0 30.49
P0160.94-17 0.00 1.00 1.00 42.56 1.80
P0160.94-17 1.00 2.00 1.00 37.15 2.97
P0160.94-17 2.00 3.00 1.00 35.58 1.70 3.0 38.43
P0115.86-17 0.00 1.00 1.00 28.82 1.92
P0115.86-17 1.00 2.00 1.00 40.70 1.06 2.0 34.76
P0304.95-17 0.00 1.00 1.00 35.19 0.44
P0304.95-17 1.00 2.00 1.00 24.20 0.86 2.0 29.70
Sampling and Analytical Protocols
Zinc One follows a systematic and rigorous Quality Control/Quality Assurance program overseen by Zinc One?s Chief Operating Officer, Bill Williams.
Surface sampling in outcrops is a manually collected channel sample. In the case of pits, the sample is channeled vertically. The sample is photographed, then placed into a pre-labeled plastic bag, properly sealed, and identified with a unique sample number. At the project site, Zinc One independently inserts certified control standards, blanks, and duplicates, all of which comprise approximately 30% of the sample batch, to monitor sample preparation and analytical quality. The samples are stored in a secure area until such time they are shipped to the ALS laboratory in Lima (ISO9001 certified) for preparation and assay. At the laboratory, samples are dried, crushed, pulverized and then a four-acid digestion is applied. This is followed by the ICP-AES analytical technique for 33 elements, including lead. Zinc is assayed by the same method for values up to 20%. If zinc exceeds 20%, it is analyzed by titration methods. The laboratory also inserts blanks and standards as well as including duplicate analyses.
Drill Program Update
The previously announced drill program at BongarBongarita, located at the north end of the 1.4-km long trend of zinc mineralization, have been prepared for drilling. In addition, preparation of over two dozen platforms permitted at Mina Grande Sur, in the southern end of the mineralized trend, is in progress. After drilling of these areas is completed, the rigs will move to the Mina Grande Norte and Mina Grande Centro areas, respectively.
Results of the drill program at Bongarita, Mina Chica, and Mina Grande Sur will be used to better define the thickness and lateral extent of the mineralization that was not previously delineated by the surface channel and pit sampling nor by previous drilling,. This additional work at Bongar
About Zinc One Resources Inc.
Zinc One is focused on the acquisition, exploration and development of prospective and advanced zinc projects in mining-friendly jurisdictions. Zinc One?s key assets are the Bongar>20% zinc grades and recoveries over 90% from surface and near-surface zinc-oxide mineralization. High-grade, zinc-oxide mineralization is known to outcrop between the mined area and the Charlotte-Bongar
The technical content of this news release has been reviewed, verified and approved by Bill Williams, COO and Director of Zinc One, a qualified person as defined by National Instrument 43-101.
Further Information
Monica Hamm
VP, Investor Relations
Zinc One Resources Inc.
Phone: (604) 974-5274
Email: mhamm(at)zincone.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management?s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Zinc One cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Zinc One?s limited operating history, its proposed exploration and development activities on the Bongars required under applicable securities legislation, Zinc One does not undertake to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
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NEW WAYS OF COMMUNICATION AND FINANCING FOR RESOURCE COMPANIES IS OUR MISSION! TRANSPARENCY, QUALITY AND EDUCATION OUR BOOSTER!Website: https://www.resource-capital.ch/en.htmlThe world finance system is facing massive uncertainty and risk making it imperative that one has wide-ranging knowledge about alternative investment opportunities. Ensure your financial future by taking control. Diversification is the means to survive the current and future market difficulties with a specific focus on value investing such as quality stocks, precious metals and resources in general.Swiss Resource Capital AG is your partner entering the mining industry. We also work very closely with successful investment funds and asset managers. SRC has a worldwide professional network of experts and unique access to financings, allowing investors to be part of a company at early stages. Ongoing analysis, monitoring and contact with the management and site visits of selected projects keeps us abreast of promising investment opportunities in the resource sector. Our news distribution system keeps you all the time informed and up to date about the latest developments.We assist you and deliver clear and concise information pertaining to the precious metals and the resource sector as well as selected mining companies. Through our new developed multimedia channels like the exclusive Resource-TV you have access anytime and anywhere in the world to comprehensive data and information as well as access via our log in function to the free research area of our website.Via exclusive events and one-on-one meetings we offer interested investors in many countries the opportunity to get direct information from and personal access to the management of various mining companies. We make sure that you know what we know!
Datum: 29.01.2018 - 11:30 Uhr
Sprache: Deutsch
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