InZinc Completes Exploration Drilling at Indy Zinc and Precious Metals Project, BC
InZinc Completes Exploration Drilling at Indy
Zinc and Precious Metals Project, BC
Vancouver, British Columbia--(Newsfile Corp. - October 12, 2022) -
InZinc Mining Ltd. (TSXV: IZN)
("InZinc" or the "Company") is pleased to announce completion of the 2022 drill program and
demobilization of equipment and personnel at the Indy zinc and precious metals exploration project
(100% option) ("
Indy
" or the "
Project
") located 100 kilometres (km) southeast of Prince George in
central British Columbia. The 2616 metre (m) ground-based diamond drill program (17 drill holes)
explored three new areas and the extension of mineralization discovered at the B-9 Zone. All drill core
samples have been delivered to the laboratory for analysis with final results anticipated before year end,
depending on lab turnaround time.
Near surface, high-grade Sedex-type zinc mineralization (15.3% Zn+Pb and 24.5 g/t Ag over 6.3 m) was
discovered by soil geochemistry and follow-up diamond drilling (11 drill holes) at the B-9 Zone in 2018.
Since discovery, an additional 10 km of unexplored base metal and silver (+/- gold) drill targets have
been outlined along the 29 km length of the Project (200 km
2
mineral claims).
Road Access
Drilling was supported by existing forestry roads and new access trails constructed in 2022. The 2021
Delta Horizon drill trail was extended by 3 km in 2022 to access the new Fox, Keel and Echo targets and
now provides a platform for secondary, proximal future access to the Echo South, Echo North, Fox West
and Hat targets. The primary road access to the B-9 target was completed in 2021.
Airborne Geophysical Survey
An 1100 line km airborne geophysics survey was completed and covered the 29 km length of the
Project. Final data has been received and ongoing analysis continues to be supportive of geological and
geochemical models.
Exploration Drilling
Of the 11 drill targets outlined on the Project, comprising an aggregate length of 10 km of soil
geochemistry anomalies, four areas comprising 1.2 km of aggregate length were drilled in 2022.
Fox East silver-gold target:
Five holes were drilled at Fox East, a 500 m long trend centred
approximately 500 m north of the Echo South target.
Keel zinc+/-silver target:
Four holes were drilled at Keel, a 400 m long trend located 200 m west
of the Echo target.
Echo central area:
Three holes were drilled at the 250 m central portion of the 1.9 km Echo zinc
target.
B-9 Zone:
Five holes were drilled in the area where significant mineralization was discovered in
2018 drilling.
Echo South zinc target:
Exploration drilling at Echo South, the strongest and most continuous
(750 m) portion of the 1.9 km long Echo anomaly, has been deferred due to a combination of
diminished drill water (creek) supply and challenging terrain. Extension of the drill trail to access
Echo South has been reviewed by local road engineers/builders and is now being reconsidered
for 2023 programs.
Numerous zinc and precious metals drill targets occur along the 7 km Main Trend.
The Echo North, Delta
Horizon and Anomaly C zinc targets will be considered for future drill programs.
In addition, the Fox
West, Hat and Anomaly G precious metals targets will also be considered for future drill programs.
Indy Project - Main Trend - 2022 Drill Areas
To view an enhanced version of this graphic, please visit:
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.
About InZinc
InZinc is an active explorer and through earn-in, equity and royalty interests is exposed to a diverse
portfolio of active North American base metals and precious metals projects. Since the 2018 discovery
of high grade, near surface mineralization at the Indy project (100% earn-in), InZinc has outlined over 10
km of high quality exploration base and precious metals targets and has expanded its mineral tenure to
200 km
2
in a new and unexplored mineral region of central British Columbia, Canada. In late 2021, a
Canadian subsidiary of South32 (ASX, LSE, JSE) became a major tenure holder in the belt by staking
approximately 200 km
2
of adjacent claims. InZinc has a significant equity investment in American West
Metals (ASX) which is advancing multiple North American base metals projects. In addition, InZinc has a
production royalty and will receive 50% of the revenue (NSR) from the sale of indium mined from
American West's West Desert project.
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's Discussion and Analysis for the year ended December 31,
2021 and for the six months ended June 30, 2022 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.
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