IZN News 2018-06 1.604.687.7211
Page 1 of 5
IZN News 2018-06
1.604.687.7211
inzincmining.com
TSX-V: IZN
InZinc Mining Ltd.
912 – 1112 West Pender Street
P.O. Box 48268, Station Bentall Centre
Vancouver, BC Canada V7X 1A2
November 1, 2018 News Release 2018-06
First Drill Program at Indy Project in BC Intersects Shallow Zinc Mineralization
Vancouver, BC – InZinc Mining Ltd. (TSX -V: IZN) (the “Company”) is pleased to announce initial results from its
first exploration drill program at the Indy zinc project (100% option) located 100km southeast of Prince George in
central British Columbia. Results include intersections from five holes of an eleven-hole drill program (1271m drilled).
Additional results will be released as received. All intersections returned to date are located within 60m of surface.
Selected Highlights (refer to details in Table 1)
Hole IB18-002
• 4.49% Zn, 1.13% Pb and 7.32 g/t Ag (5.46% ZnEq) over 4.28m at 27m below surface
• 2.24% Zn, 0.83% Pb and 5.23 g/t Ag (2.95% ZnEq) over 5.38m at 33m below surface
• 3.50% Zn, 0.66% Pb and 4.59 g/t Ag (4.07% ZnEq) over 4.57m at 37m below surface
Hole IB18-003 (low core recovery)
• 9.26% Zn, 2.43% Pb and 17.98 g/t Ag (11.38% ZnEq) over 3.05m at 23m below surface
Hole IB18-006
• 3.88% Zn, 1.34% Pb and 8.90 g/t Ag (5.03% ZnEq) over 3.99m at 29m below surface
Note: True widths are unknown. The intersections in IB18-002 are separated by lost core/no recovery. ZnEq calculation: metallurgical studies
have not been completed and assumes 100% metallurgical recovery using Zn prices at $1.10/lb., Pb at $.80/lb. and Ag at $15/oz – all $US.
The 2018 drill program explored the southern area of Anomaly B, an extensive 1.5km long soil geochemical zone
and one of three large anomalies being advanced on the project. Recent (2018) soil surveys outline large, continuous
and u ntested areas of high zinc in soil over a 500m by 400m area both west and northwest of this drilling. The
combination of age of strata, rock types, geochemical trends, alteration and mineralization are suggestive of
deformed and re-mobilized mineralization associated with a sedimentary hosted exhalative (Sedex) environment.
Anomaly B Drill Program (see Figures 5 and 6)
Holes IB18-001 to IB18-010 focused on the southeastern area of Anomaly B and generally targeted the upslope
edge of soil geochemical highs established in 2017 surveys . A single hole (IB18 -011) was completed 900m north of
hole IB18-001.
The only rock exposure in th e area is a surface zinc oxide occurrence which returned 45.5% zinc in a grab sample.
Drill hole IB18 -001 was collared 50m east of the zinc oxide zone and hole IB18-002 was located 100m east of the
occurrence. Both holes intersected shallow zinc sulphide mineralization in relatively flat lying dolomitic rocks
underlain by sericite -pyrite schists. Hole IB18-006, located 150m east of the zinc oxide occurrence , continued to
explore this trend to the east and upslope. The hole was collared in black shales underlain by a sedimentary breccia
and continued into thinner dolomitic rich rocks similar to sequences in holes IB18-001 and IB18-002. Hole IB18-006
ended in a thick interval of sericite -pyrite schist. Contact-related mineralization in hole IB18-006 was encountered at
the base of the black shale and in contact with dolomitic rich rocks . Weaker sulphide mineralization was also
intersected in silicified zones withi n the sedimentary breccia unit. Holes IB18-007, IB18-008 and IB18-009 continued
to explore this trend (results pending).
Page 2 of 5
IZN News 2018-06
Drill holes IB18 -003 and IB18-004 were collared approximately 2 70m north of hole IB18 -001. Hole IB18-003
intersected massive sulphide mineralization (with low core recoveries) at 22m downhole followed by highly fractured
dolomite rich rock and underlain by sericite-pyrite schist. Vertical hole IB18-004 was drilled at the same location. The
hole intersected weaker mineralization in similar highly fractured rock followed by sericite -pyrite schist at depth. Soil
geochemical surveys suggest the mineralization encountered in these drill holes trends further to the northwest.
Anomaly B was initially outlined by the Company in 2017 with high zinc in soils returned over a 1.5km length. Infill
sampling in 2018 supported drill targets. The westward expansion of the geochemical survey in 2018 (see Figure 2)
outlines a strongly anomalous , continuous and untested area of zinc in s oil for up to 400m downslope and 500m
northwest and southeast below the 2018 drill holes (see Figure 6).
Local contractors provided all support for the drill program and access was road supported.
Emerging Geological Model
Rock types in drill core generally include from the base sequence upward; unaltered to ankeritic -siltstones, sericite -
pyrite schist (with fine pyrite laminations and stringers) , dolomitic lenses and breccias and variably silicified
sedimentary breccias. This sequence is overlain by black shales. Deformation overprinting related to regional folding
and related faulting is recognized.
Figure 1: Folded pyrite “stringers” in sericite-pyrite schist. Figure 2: Finely laminated pyrite-sericite schist.
Mineralization is present in all lithologies as disseminations, fracture fill vein replacements and massive sulphides .
Concentration of zinc mineralization is apparent near or within contacts of favorable hosts such as carbonates and
highly silicified units both of which are underlain by sericite-pyrite schists.
Figure 3: Massive sulphide mineralization - Hole IB18-003
(low core recovery). Shale and pyrite clasts in sphalerite
(zinc) rich matrix.
Figure 4: Sphalerite (zinc), galena and pyrite in fracture
fills in carbonate - typical mineralization seen in Holes IB18-001
and IB18-002 (HQ Core).
Drilling to date at Anomaly B indicates a geological setting proximal to an e xhalative vent complex , subsequently
overprinted by folding . Many of these rock types and alteration styles are analogous to exhalative style deposits in
Page 3 of 5
IZN News 2018-06
western Canada. The combination of age of strata, rock types, geochemical trends, alteration and mineralization are
suggestive of a deformed and re-mobilized sediment hosted exhalative (Sedex) environment.
Property Position Expanded
Additional lands have been acquired contiguous to the Indy claims. The property now covers approximately 24km of
strike along favourable stratigraphy.
Table 1: Indy BC - Drill Hole Intersections
Drill Hole
(HQ)
From
(m)
To
(m)
Interval
(m)
Zinc
(%)
Lead
(%)
Silver
(g/t)
ZnEq
(%)
Depth
Below
Surface
(m)
Estimated
Core
Recovery
(%)
IB18-001 38.41 39.50 1.09 2.74 0.37 5.10 3.11 31 96
IB18-002 35.96 40.24 4.28 4.49 1.13 7.32 5.46 27 37
and 41.77 47.15 5.38 2.24 0.83 5.23 2.95 33 40
and 49.39 53.96 4.57 3.50 0.66 4.59 4.07 37 65
IB18-003 25.00 28.05 3.05 9.26 2.43 17.98 11.38 23 41
includes 25.00 26.52 1.52 16.11 4.08 32.50 19.72 16
IB18-004 22.26 23.75 1.49 2.06 0.48 3.60 2.48 23 43
IB18-005 Pending
IB18-006 49.97 53.96 3.99 3.88 1.34 8.91 5.03 29 75
includes 51.10 52.44 1.34 8.31 2.80 18.10 10.71 67
and 104.27 105.79 1.52 2.96 0.42 2.32 3.31 63 100
includes 104.27 104.70 0.43 9.30 1.24 6.72 10.34 100
Note: True widths are unknown. ZnEq calculation: no metallurgical studies have been completed and assumes 100% metallurgical recovery using
Zn prices at $1.10/lb., Pb at $.80/lb. and Ag at $15/oz – all $US. The intersections in IB18-002 are separated by lost core/no recovery.
Table 2: Indy BC - Drill Hole Summary Data (see Figure 5 for Locations)
2018 DDH Zone Azimuth Dip Elevation
(m)
Hole
Depth
IB18-001
Anomaly B
South
240 -55 1079 117.68
IB18-002 240 -55 1089 104.27
IB18-003 240 -60 1107 101.22
IB18-004 240 -88 1107 101.52
IB18-005 240 -50 1117 112.50
IB18-006 240 -55 1108 140.85
IB18-007 000 -90 1108 170.12
IB18-008 000 -90 1089 83.23
IB18-009 180 -50 1089 103.96
IB18-010 180 -50 1087 110.06
IB18-011 Anomaly B
North 240 -60 1133 125.61
Total (m) 1271.02
Page 4 of 5
IZN News 2018-06
Figure 5: 2018 Drill Locations & Geological Plan Map
Figure 6: Drill Geology Plan & Contoured Zn+Pb in Soil (ppm)
Page 5 of 5
IZN News 2018-06
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.
Byproducts would include copper, magnetite and indium, the latter being identified by the United States in 2017 as a
critical mineral. The West Desert deposit may represent the one of the highest grade, known resources of indium in
the United States (U.S. Geological Survey Professional Paper 1802-1).
Indy comprises both near surface exploration targets and regional discovery potential. Both zinc projects are well
located with easy access and existing infrastructure.
InZinc Mining Ltd.
Wayne Hubert
_____________________________
Chief Executive Officer For further information contact:
Phone: 604.687.7211 Joyce Musial
Website: www.inzincmining.com Vice President, Corporate Affairs
Phone: 604.317.2728
Email: [email protected]
Qualified Person
Brian McGrath, B.Sc., P.Geo. a Qualified Person as defined in NI43-101, has approved the technical content of this news release.
Quality Assurance/Quality Control
Drill core was collected from the drill site and delivered to the Indy Camp by InZinc staff. The core was logged, sample inte rvals
were outlined and photographic records were collected. Core samples were split using a diamond saw at the camp with one -half
of the core submitted for assay and the other half stored in wooden core boxes on site. The sawn core was bagged in individua lly
marked plastic sample bags and shipments were compiled in labelled rice bags. Core shipments were delivered by InZinc contract
geologists to Bandstra Transportation Systems Ltd. in Prince George, B.C. for furtherance to MS Analytical Services in Langle y,
B.C., Canada for analysis. Samples were prepared by MS Analytical and analyzed by ICP -AES and ICP -AES/MS. In addition to
the labs QA/QC procedures, InZinc inserted a standard, blank or field duplicate every tenth sample. The results from the QA/QC
samples were within industry norms.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward -looking sta tements and forward -looking information (collectively, “forward -looking
statements”) within the meaning of applicable Canadian and US securities legislation. All statements, other than statements o f
historical fact, included herein including, without limit ation, statements regarding the Company’s next shareholder meeting.
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 identi fied 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 ca utions
investors that any forward -looking statements by the C ompany 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 uncertain ties disclosed in the Company’s Management Discussion and Analysis for
the year ended December 31, 2017 filed with certain securities commissions in Canada and other information released by the
Company and filed with the appropriate regulatory agencies. Al l of the Company's Canadian public disclosure filings may be
accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to
the Company's mineral properties.
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.