InZinc Announces Tenure Expansions at the Indy Sedex Project, BC A Global Mining and Metals Producer Stakes Adjacent Tenure
InZinc Announces Tenure Expansions at the
Indy Sedex Project, BC
A Global Mining and Metals Producer Stakes Adjacent Tenure
Vancouver, British Columbia--(Newsfile Corp. - February 2, 2022) -
InZinc Mining Ltd. (TSXV: IZN)
(the "
Company
") is pleased to announce it has increased its mineral claims at the Indy project (100%
option) in central British Columbia to encompass 19,900 ha (199 km
2
).
Independently, and in late 2021, a Canadian subsidiary of
South32
(ASX, LSE, JSE), acquired by
staking 20,300 ha (203 km
2
) of mineral claims adjoining and on trend to the northwest of the Indy Sedex
project (Figure 1).
South32 is a globally diversified mining and metals company producing bauxite,
alumina, aluminum, metallurgical coal, manganese, nickel, silver, lead and zinc in Australia, Southern
Africa, with two development options in North America and several partnerships with junior explorers
around the world.
Figure 1 - Indy Sedex Project, Central BC, 2022 Claims
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6480/112444_28f057d4e4a02b39_001full.jpg
New Mineral Claims Acquired
InZinc recently acquired, by staking, an additional 6 contiguous mineral claims (7,600 ha) at the Indy
project. These recently acquired claims include selective coverage of results from grassroots efforts by
Noranda Exploration between 1987 and 1990.
The total mineral claims comprising the Indy project have
increased by approximately 75% since January 2021, reflecting the results from 2021 exploration efforts
and compilation of historical exploration in the region.
InZinc's tenure now extends the Indy property along
a continuous 29 km trend supported by easy access and nearby infrastructure.
2022 Exploration Planning Underway
In 2018, near surface, high-grade Sedex-type zinc mineralization was discovered by soil geochemistry
and follow-up diamond drilling at Indy. Since discovery, InZinc has outlined an additional 8.2 km of base
and precious metal drill targets on the Indy claim package which remain to be tested.
Additional soil geochemical results from the 2021 exploration program are pending review.
InZinc has
commenced planning for a multi-disciplinary exploration program at Indy in 2022.
Details of this
program, which includes proposed drilling, are expected at the beginning of Q2-2022.
About InZinc
InZinc is well financed and focused on growth through exploration and advancement of its direct and
equity interest in multiple North American base metals projects. The road accessible Indy project (100%
earn-in), located in central British Columbia, comprises discoveries of near surface mineralization and
large untested exploration targets along a 29 km long trend with potential for the discovery of a new
regional scale zinc belt. InZinc is also a significant shareholder of American West Metals which is
advancing the West Desert zinc-copper project and the Storm Copper and Copper Warrior projects in
North America. In addition, InZinc will receive 50% of the revenue (NSR) from the sale of indium mined
from West Desert.
InZinc Mining Ltd.
Wayne Hubert
____________
Chief Executive Officer
Phone: 604.687.7211
Website:
www.inzincmining.com
For further information contact :
Joyce Musial
Vice President, Corporate Affairs
Phone: 604.317.2728
Email:
Qualified Person
Brian McGrath, B.Sc., P.Geo. a Qualified Person as defined in National Instrument 43-101 -
Standards
of Disclosure for Mineral Projects
, has approved the technical content of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively,
"forward-looking statements") within the meaning of applicable securities legislation. All statements,
other than statements of historical fact, included herein are forward-looking statements. Forward-looking
information includes, but are not limited to, statements that address activities, events or developments
that the Company expects or anticipates will or may occur in the future, including such things as the
successful completion of American West's Initial Public Offering on the Australian Securities Exchange.
Although the Company believes that such statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements are typically identified by words such
as: "believe", "expect", "anticipate", "intend", "estimate", "plan", "design", "postulate" and similar
expressions, or are those, which, by their nature, refer to future events. The Company cautions investors
that any forward-looking statements by the Company are not guarantees of future results, performance,
or actions and that actual results and actions may differ materially from those in forward-looking
statements as a result of various factors, including, but not limited to, those risks and uncertainties
disclosed in the Company's Management Discussion and Analysis for the year ended December 31,
2020 and for the nine months ended September 30, 2021 filed with certain securities commissions in
Canada and other information released by the Company and filed with the appropriate regulatory
agencies. All of the Company's Canadian public disclosure filings may be accessed via
www.sedar.com
.
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
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/112444