IZN News 2019-01 1.604.687.7211
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IZN News 2019-01
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
April 10, 2019 News Release 2019-01
InZinc Enhances District Potential and Plans Programs at Indy Zinc Project, BC
Vancouver, BC – InZinc Mining Ltd. (TSX -V: IZN) (the “Company”) announces it is planning summer exploration
programs at the Indy zinc project (100% option) located 100km southeast of Prince George in central B ritish
Columbia. The additional, contiguous claims acquired by staking in Q3 2018 extended the property to over 25km in
length and encompass an additional z inc-in-soil geochemi cal anomaly, called the Action anomaly . The Action
anomaly was delineated by Noranda Exploration in 1989 and consists of multiple high contrast (up to 3400ppm) soil
geochemical samples over a trend of 800m.
An aggregate length of 4.0 km of zinc-in-soil, in four separate anomalies, now comprise the Indy project. The 2019
exploration program will include extensive soil geochemical programs , commencing in June, to prioritize these
targets for drilling. In 2018, a successful drill program tested an area of one anomaly and identified a new zone of
near surface mineralization called the B-9 zone which remains open for expansion.
2018 Drill Program Identified New Zone of Near Surface Mineralization
The 2018 drill program, the Company’s first drill program at Indy, discovered shallow mineralization at the new B-9
zone at Anomaly B, including high-grade massive sulphide mineralization in holes IB18-009 and IB18-003 which are
250m apart and remain open for further exploration:
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 IB18-003 (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 IB18-008
• 5.76% Zn, 0.48% Pb and 3.41 g/t Ag (6.18% ZnEq) over 6.73m at 56m below surface
Note: Drilled intersections are apparent widths only. 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.
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)
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.
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IZN News 2019-01
Four Large Exploration Targets Now in Focus
To date, four large soil geochemical anomalies with an aggregate length of 4.0 km occur on the property. Preliminary
drilling at the B-9 zone (a 270m long portion of Anomaly B) indicated that soil geochemistry is a cost-effective method
of targeting sub-surface mineralization. Anomalies Action, C and D remain to be drill tested by the Company.
Geochemical
Anomaly
Length
(strike)
Anomaly B 1.5km
Anomaly C 700m - open
Anomaly D 1.0km - open
Action 800m - open
PX Project Term Sheet
On April 3, 2019, the Company signed a term sheet with Ash-ley Woods LLC (“Ash-ley”), a private limited liability
company, for Ash-ley to earn a 35% interest in PX by completing an initial drill program. The PX project is a
grassroots exploration stage project located in Utah and was acquired, by staking, in 2018.
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.
Indy comprises near surface discoveries, large untested 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.
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IZN News 2019-01
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.