IZN News 2018-07 1.604.687.7211
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IZN News 2018-07
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 13, 2018 News Release 2018-07
InZinc Discovers Shallow High Grades at Indy Project in BC:
6.29m Grading 12.33% Zinc, 2.98% Lead and 24.5 g/t Silver at 60m Below Surface
Vancouver, BC – InZinc Mining Ltd. (TSX -V: IZN) (the “ Company”) a nnounces the discovery of high grade,
shallow mineralization from its first drill program at the Indy zinc project (100% option) located 100km southeast of
Prince George in central B ritish Columbia . Results from the eleven -hole drill program (12 71m drilled) , including
intersections from the final six holes, identified a new zone of near surface mineralization called the B-9 zone.
All significant intersections returned , including those previously released (see News Release NR2018-06), are
located within 60m of surface.
B-9 Zone 2018 Drilling – Selected Highlights (refer to details in Tables 1 and 2)
Hole IB18-009
• 12.33% Zn, 2.98% Pb, and 24.46 g/t Ag (14.98% ZnEq) over 6.29m at 60m below surface
Hole IB18-008
• 5.76% Zn, 0.48% Pb and 3.41 g/t Ag (6.18% ZnEq) over 6.73m at 56m below surface
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
*Previously released.
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 first drill program at Indy has been a success with the discovery of shallow mineralization at the new B-9 zone,
including high-grade massive sulphide mineralization in holes IB18-009 and IB18 -003 which remain open for further
exploration. Guided by cost effective soil geochemistry in an area of no surface rock exposure, the exploration drilling
provides the first important insights into the distinctive type of mineralization a t the B -9 zone and underscores the
unique potential of the Indy project.
Emerging Geological Model
The g eological characteristics of the B -9 zone (see News Release NR2018-06) are analogous to a distinctive
geological setting, termed vent -proximal, within a sedimentary hosted exhalative (S edex) type depositional
environment. Sedex type zinc deposits, the rarer exhalative “cousins” of volcanogenic massive sulphide (VMS)
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IZN News 2018-07
deposits, occur as clusters on a district scale and only within specific ages of sedimentary rock formations referred to
as time horizons. The large and well-known deposits occur in the Yukon, northern and southern British Columbia ,
Australia and southern Africa . The Indy project is underlain by sedimentary formations correlated in age by the
Geological Survey of Canada ( Struik,1988) to the same time horizons hosting the Sedex deposits of northern British
Columbia and the Yukon. With a large claim position (24km strike), new discoveries of shallow mineralization and
extensive geochemical anomalies remaining to be tested, the Indy project provides multiple opportunities for new
discoveries of this type in an unexplored region of central B ritish Columbia. Indy is readily accessible by road from
Prince George, the major hub for transportation and heavy industry in central British Columbia and is located 85km
south of the Canadian National Railway.
Peripheral, Large Exploration Targets Now in Focus
To date, three large soil geochemical anomalies with an aggregate length of 3.2km occur on the property (see Figure
1). Drilling at the B -9 zone (a 270m long portion of Anomaly B) indicates that soil geochemistry is a cost-effective
method of targeting sub-surface mineralization. Anomalies C and D remain to be tested by drilling.
Geochemical Anomaly
Length
(strike)
Anomaly B 1.5km
Anomaly C 700m - open
Anomaly D 1.0km - open
Anomaly B, hosting the mineralization discovered at the B -9 zone, was sampled by the Company in 2017 with high
zinc in soils outlined over a 1.5km trend. Additional infill sampling in 2018 supported the discoveries at the B -9 zone.
The westward expansion of the geochemical survey in 2018 (see Figure 2) outlines a strongly anomalous,
continuous and untested area of zinc in soil for up to 400m downslope and 500m northwest and southeast below the
2018 drill holes.
Expansion and infill soil geochemical surveys at Anomaly C in 2018 (see Figure 1) outline an area measuring greater
than 700m in length and remaining open for further sampling to the south. To date, 20% of the 147 soil samples at
Anomaly C have returned greater than 1000 ppm Zn (0.1% Zn) with highs up to 6314 ppm Zn (0.63% Zn) in soil.
Initial wide spaced soil survey lines were also completed in 2018 at Anomaly D (see Figure 1). This survey indicates
a “multi-trend” in an area measuring over 1km in length returning numerous high zinc (greater than 500 ppm to 2654
ppm Zn) responses in soils.
2018 Drill Program (see Figure 3 and refer to News Release NR 2018-06 for descriptions and photos of previous
results)
The 2018 drill program (holes IB18-001 to IB18-010) focused on the southeastern area of Anomaly B, now called the
B-9 zone, and generally targeted the upslope limits of anomalous soil geochemistry over a 270m trend. The only rock
exposure in th is area is a surface zinc oxide (smithsonite) occurrence which returned 45.5% Zn in a grab sample.
Untested soil geochemical anomalies at the B -9 zone extend over 400m downslope and 500m northwest and
southeast below the 2018 drill holes. A single hole (IB18-011) was completed 900m north of hole IB18-001.
Drill Hole IB18-009
Drill hole IB18-009 was drilled from the site of IB18 -002 in a southerly direction , targeting an area of high zinc in soil
geochemistry 75m south of the drill site and 50m south of the multiple shallow mineralized intersections in hole s
IB18-001 and IB18-002 (see News Release NR2018-06). The hole commenced in siliceous polymictic sedimentary
breccia until 78m downhole when sphalerite (zinc sulphide) concentrations increased and transitioned between semi-
massive to massive form over the following 6.3m . Several sections of the massive sulphides are very high in zinc
grade with one sample (see Figure 4 ) from 79.57m to 80.02m downhole grading 40.9% Zn. The mineralization
occurs at a transition in geology to pyritic-sericite schists and altered siltstones. This is consistent with the location of
several of the significant intersections returned from drilling at the B-9 zone. Core recoveries in the mineralization are
estimated at 85%.
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Figure 4: Massive sulphide mineralization in hole IB18 -009 at 79.57m to
80.02m downhole – Sphalerite (yellow, grading 40.9% Zn) is the dominant
mineral present.
Drill Hole IB18-008
Drill hole IB18-008 was drilled vertically from the site of holes IB18-002 and IB18-009. Mineralization intersected from
55.79m to 62.52m (5.76% Zn, 0.48% Pb and 3.41 g/t Ag) consists of fracture fill to semi-massive sphalerite hosted in
a silica flooded sedimentary breccia. Core recoveries are estimated at 90%. This mineralization style and internal
position within the sedimentary breccia sequence is consistent with similar but lower grade material located 125m to
the north in hole IB18-005 and is characteristic of “feeder” style mineralization.
Figure 5: Fracture fill sphalerite (zinc sulphide) in silicified sedimentary breccia
from hole IB18-008.
Drill Holes IB18-007, IB18-005, IB18-010 and IB18-011
Hole IB18-007 was a vertical hole drilled from the same location as hole IB18-006. The hole collared in black shales
and transitioned into sedimentary breccia and intercalated grey altered shales and siltstone sequences. A narrow
interval grading 1.09% Zn hosted in the sedimentary breccia unit, occurred at 118m downhole.
Drill holes IB18 -005 and IB18-010 were drilled in the 250m interval between the massive sulphides intersected in
hole IB18-003* (9.26% Zn, 2.43% Pb and 17.98 g/t Ag over 3.05m at 23m below surface) and the mineralization in
holes IB18 -002, IB18-008 and IB18-009. Hole IB18 -005 intersected 1.13% Zn over 2.75m at 53m downhole and
within the siliceous sedimentary breccia unit. As mentioned previously, t his mineralization is similar and may reflect
an extension of the thicker, higher grade mineralization intersected 125m south in hole IB18-008. The lower portions
of this hole were affected by loss of core recovery at the transition into pyrite -sericite schists. Hole IB18 -010 was a
south directed hole and intersected pyrite -sericite schists and ankeritized (carbonate altered) siltstones consistent
with footwall sequences seen in other holes at the B-9 zone.
Hole IB18-011 targeted soil responses 900m to the north of hole IB18-001. Black shales, containing narrow zones of
anomalous silver, comprised the entire length of the hole.
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Table 1: Indy BC – 2018 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
(%)
IB18-005 40.85 42.38 1.53 2.27 0.03 1.40 2.32 28 35
and 53.05 55.80 2.75 1.13 0.04 0.59 1.17 36 90
IB18-007 118.00 119.00 1.00 1.09 0.17 1.30 1.24 118 85
IB18-008 55.79 62.52 6.73 5.76 0.48 3.41 6.18 56 90
includes 59.77 61.04 1.27 11.25 0.77 5.83 11.93 60 100
IB18-009 78.05 84.34 6.29 12.33 2.98 24.46 14.98 60 85
includes 79.15 80.70 1.55 19.95 3.14 21.21 22.65 62 85
includes 79.57 80.02 0.45 40.88 5.70 45.80 45.93 62 90
includes 81.10 83.45 2.35 18.04 4.45 40.80 22.09 64 75
IB18-010 NSV
IB18-011 65.15 68.80 3.65 - - 1.20 - 83
Previously Released* 2018 Drill Results (see News Release NR2018-06)
IB18-001* 38.41 39.50 1.09 2.74 0.37 5.10 3.11 33 96
IB18-002* 35.96 40.24 4.28 4.49 1.13 7.32 5.46 28 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 32 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
IB18-006* 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. 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.
Table 2: Indy BC - Drill Hole Summary Data (see Figure 3 for Locations)
2018 DDH Zone Azimuth Dip Elevation
(m)
Hole
Depth
IB18-001
B9 Zone or
Anomaly B
South
240 -55 1079 117.68
IB18-002 240 -55 1089 104.27
IB18-003 240 -60 1107 101.22
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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
Figure 1: Geology & Geochemistry Compilation
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Figure 2: Drill Geology Plan & Contoured Zn+PB in Soil (ppm)
Figure 3: 2018 Drill Hole Locations & Geological Plan Map
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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 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/Q C
samples were within industry norms.
Cautionary Note Regarding Forward-Looking Statements
This news release co ntains forward -looking statements 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 herei n including, without limitation, 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 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 ca utions
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, 2017 filed with certain securities commissions in Canada and other information released by the
Company and filed with the appropria te regulatory agencies. All 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.