IZN News 2023-07 Inzincmining.com
TSX.V: IZN
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IZN News 2023-07
Inzincmining.com
September 25, 2023 News Release 2023-07
InZinc Completes Exploration Drilling at Indy Project, BC
Vancouver, BC – InZinc Mining Ltd. (TSX-V: IZN) (“InZinc” or the “Company”) is pleased to announce completion
of the 2023 exploration drill program and demobilization of equipment and personnel at the Indy project (100%
interest) (“Indy” or the “Project”) located 100 kilometres (km) southeast of Prince George in central British Columbia.
The 9 hole, 1064 metre (m) ground-based reverse circulation drill program explored the Keel Red target area (6
holes) where rare earth elements (REE) were identified with nickel-cobalt-copper discovered in 2022 and the Echo
North target (3 holes) defined, principally, by its strong zinc-lead-barium in soil signatures (Figure 1). All drill
samples have been delivered to the laboratory for analysis with initial results anticipated in late October to
November, depending on lab turnaround time.
Keel Red Target – Rare Earth Elements and Associated Nickel-Cobalt-Copper
In 2022, diamond drill hole IB22-020 intersected 27.1 m of buried red clay rich material starting at 47.3 m downhole
and averaging 0.67% zinc and 0.13% nickel. The upper part of the core interval (from 47.3 m to 55.0 m) also
returned 0.11% copper over 7.8 m. Additionally, the 27.1 m interval returned cobalt content averaging 163 ppm
including values up to 962 ppm (0.10%) over a 1.0 m core length. Further analysis in 2023 returned 363 ppm total
rare earth oxides ( TREO) over the 27.1 m interval . The heavy rare earth oxides (HREO) comprise approximately
60% of the average TREO content over the 27.1 m interval.
Echo North Target – Multi-Metal
The 1.9 km long Echo target is a continuous high contrast, multi -element ( zinc, lead, barium signatures) soil
geochemical anomaly discovered in 2021. Echo North comprises an area 400 m by 250 m defined, principally, by
its strong zinc-lead-barium in soil signatures. Additional strong nickel -cobalt-copper surface geochemical signals
also occur across the western flank of the Echo North target.
Figure 1: Indy Project – 2023 Targets
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IZN News 2023-07
Inzincmining.com
About InZinc
InZinc is an active explorer and, through its Indy project (100% interest), equity and royalty interests, is exposed to
a diverse portfolio of active North American base metals and precious metals projects. The Company has
discovered and continues to explore for expansion of near surface zinc, nickel-cobalt-copper and rare earth element
mineralization at the easily accessible Indy project located in a new and under-explored mineral region of central
British Columbia, Canada. A Canadian subsidiary of South32 (ASX, LSE, JSE) became a major tenure holder in
the belt by staking approximately 200 km2 of adjacent claims in late 2021. 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 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 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 h erein 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 . 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 th at 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, 202 2 and for the six months ended June 30, 2023 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 pu blic 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.