IZN News 2024-04 Inzincmining.com
TSX.V: IZN
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IZN News 2024-04
Inzincmining.com
April 17, 2024 News Release 2024-04
InZinc Reports High Grade Barite and Extends Barite Trend to 700 m Strike Length
Vancouver, BC – InZinc Mining Ltd. (TSX-V: IZN) (“InZinc” or the “Company”) is pleased to report barite results
from 2022 diamond drilling in the Keel area at the Indy project (100% interest) (“Indy” or the “Project”) located 90
kilometres southeast of Prince George in central British Columbia , Canada . Barite mineralization , recently
discovered at Keel in 2023 drilling (see NR2024-02), is also found at many of the world’s largest Sedex (zinc-lead-
silver) deposits.
The discovery of abundant barite at Indy is an exciting and important development , improving the potential for
discovery of district-scale Sedex deposits (see Figure 1) . Additional barite results are pending and will provide
further insight into barite distribution and its link to Sedex mineralization at the 30 km long Project. The Company is
also currently renewing its drill permit for a 5-year term.
New results include high grade barite (58.1% barite over 0.35 m within 11.6% barite over 4.0 m ) in core at the
southeastern Keel trend. In addition, drill core from 500 m to the north returned 5.4% barite over 20.5 m, extending
the Keel barite trend to 700 metres in strike length (see Figure 2).
Figure 1: Indy Project – Main Trend Targets
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Keel is located 4 km north of the B -9 Sedex style zinc -lead-silver mineralization and 1 km southeast of the Delta
Horizon where rock sampling returned 5% to 25% barite in numerous samples across a 1.5 km trend .
Figure 2: Keel Area – Barite Horizons and Airborne EM
High Grade Barite and Multiple Horizons at Keel
Diamond drill hole IB22-017 (Table 1) is from the easternmost Keel area. Multiple zones of barite mineralization (up
to 58.1% barite over 0.35 m) occur within a debris flow breccia geological unit. High barite grades and altered host
rocks indicate close proximity to (or within) a vent complex (see Barite and Vents below). The multiple horizons of
barite mineralization indicate episodes of active venting occurring over long periods of time.
Barite Extended to 700 Metre Trend
Diamond drill hole IB22-023 (Table 1) is located 500 m north of Keel. Two distinct barite zones are present with the
lower zone yielding continuous barite mineralization (5.4% barite over a 2 0.5 m) intersection and containing an
enriched interval of 9.1% barite over 6.9 m. Similar to intersections at Keel, this barite mineralization is located at
or below a black shale to debris flow breccia geological contact, which is a distinctive geological horizon common
to Sedex zinc deposits. A trend of barite mineralization over 700 m in length (and open to the north) has now been
defined.
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Barite and Vents – A Vector to the District-Scale Discovery of Sedex Deposits
Sedex (or sedimentary exhalative) deposits are the world ’s most prolific sources of zinc and associated metals.
They form around ocean floor hydrothermal vents, producing both metal and barite deposits. B arite mineralization
is well known at many, if not all, of the major Sedex deposits and districts in Alaska, Yukon and northeastern BC.
In Sedex districts, two vent types are known. The more economically important vents, which exhale both metals
and barite, are called “black smokers”. In Sedex districts, and in the deep -sea vent analogues presently active off
the coast of North America (Escanaba Trough), “black smokers” are found along trends (rifts) up to 75 km in length.
Identification of “black smokers” can focus exploration into areas of high potential for the discovery of Sedex
deposits. At Indy, the discovery of abundant barite will enhance exploration targeting for these deposits.
Table 1: Indy Project – Barite Intersections from 2022 Diamond Drilling
Drill Hole ID From_m To_m Width_m BaSO4%
(Barite)*
IB22-017 23.40 29.95 6.55 8.16
includes 23.40 27.40 4.00 11.55
includes 23.75 24.10 0.35 58.13
includes 26.40 27.40 1.00 22.65
includes 29.10 29.95 0.85 7.12
and 44.97 51.35 6.38 6.65
includes 47.10 47.83 0.73 21.35
includes 47.53 47.83 0.30 38.11
includes 50.67 51.35 0.68 22.54
and 84.20 85.31 1.11 17.33
and 98.40 99.30 0.90 7.13
and 103.50 104.89 1.39 1.28
IB22-023 110.00 114.10 4.10 2.73
includes 111.00 111.83 0.83 7.31
and 133.55 154.00 20.45 5.40
includes 142.15 149.00 6.85 9.08
includes 143.15 145.09 1.94 13.34
includes 144.35 145.09 0.74 15.27
* BaSO4 is Calculated ( %BaO from Whole Rock Analysis x 233.39 / 153.33 ) & the Width-Weighted
Average is Tabled.
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About InZinc
InZinc is an active explorer and, through its Indy project, equity investment 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 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.
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 intervals
were outlined and photographic records were collected. Core samples were split using a diamond saw or manually chipped at
the camp with one-half of the core submitted for assay and the remainder stored in wooden core boxes. The core was bagged
in individually 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 MSA Labs in
Langley, B.C., Canada for analysis. Samples were prepared by MSA and analyzed by ICP- AES multi-element, select AAS-Fire
Assay and select Whole Rock Analysis (0.15g, Lithium Metaborate Fusion, ICP-AES). In addition to the labs QA/QC procedures,
InZinc inserted blind standards, blanks or field duplicates 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 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. 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, 2022 and for the nine months ended September, 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 public disclosure filings may be
accessed via www.sedarplus.ca.
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.