IZN News 2024-10 Inzincmining.com
TSX.V: IZN
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IZN News 2024-10
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August 27, 2024 News Release 2024-10
InZinc Continues to Advance New Large-Scale Sedex Zn-Pb-Ag Targets at Indy Project,
Central BC
Vancouver, BC – InZinc Mining Ltd. (TSX -V: IZN) (“InZinc” or the “Company”) announces the initial phase of
the 2024 field program , involving mapping, prospecting and geochemical surveys , has advanced two new large-
scale drill targets (Keel Barite, Delta Horizon) located 4-5 km along trend of the B -9 Sulphide Zone, where past
drilling is highlighted by a shallow intercept of 10.0% (Zn+Pb), 16.2 g/t Ag over 9.9 m.
Follow-up drill program s to test the Keel Barite and Delta Horizon targets , notionally scheduled for this fall, have
been deferred to 202 5, largely due to time lost and logistical challenges associated with wildfire-related
evacuation orders and alerts in the area this summer. A program of additional soil geochemistry and access
preparation for drilling in 2025 will commence in the first week of Septe mber at the Indy Sedex (zinc -lead-silver)
project (100% interest) (“Indy” or the “Project”) located 90 km southeast of Prince George in central British
Columbia.
Lab results, pending from the early summer sampling program will be combined with results from the fall program
and carried over into 2025 for drill target selection. Renewal of a 5-year drill permit was completed in mid-July and
the Company is well positioned with working capital.
The geological setting at Indy is highly analogous to that hosting the zinc-lead-silver-barite Sedex deposits of the
prolific, metal-rich Selwyn Basin1. The Selwyn Basin, an 1100 km long sedimentary belt, hosts the world’s second
largest known accumulation of Sedex deposits, including some of the world’s largest (see Table 1). Previously,
the mineralized sequences of the Selwyn Basin were only known to extend from the Yukon into northeastern BC.
Table 1: Sedex Districts and Deposits of the Selwyn Basin, Canada 1
Sedex Deposit/District Historical and Current Estimates (Mt – million tonnes)
Anvil District, Yukon 120 Mt at 5.6% zinc, 3.7% lead and 45 to 50 g/t silver
Howard’s Pass District, Yukon 400 Mt at 5% zinc and 2% lead
Mac Pass District, Yukon 11.2 Mt Indicated at 6.6% zinc, 2.5% lead and 21.3 g/t silver
39.5 Mt Inferred at 5.8% zinc, 3.1% lead and 38.2 g/t silver
Cirque, Northeast BC 40 Mt at 7.8% zinc, 2.2% lead and 48 g/t silver
Akie, Northeast BC 22.7 Mt Indicated at 8.3% zinc, 1.6% lead and 14.1 g/t silver
7.5 Mt Inferred at 7.0% zinc, 1.2% lead and 12.0 g/t silver
Property-Wide Sedex Drill Targets
The widespread distribution of mineralization (sulphide and barite) at Indy includes many features common to
prolific Sedex districts. Barite mineralization with zinc and lead enrichment defines high-potential exploration
vectors. Preliminary 2025 drill targets include (see Figure 1):
• Keel Barite and Keel West – Extensive barite mineralization (700 m strike) at Keel with local
enrichment in zinc-lead sulphides at Keel West.
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• Delta Horizon – Additional widespread barite mineralization (up to 25% barite in rock samples)
with zinc-lead enrichment occurring over a 1.3 km trend at Delta, located 1 km northwest of Keel.
• B-9 Sulphide Zone – Sedex-style mineralization (10.0% zinc and lead, 16.2 g/t silver over 9.9 m)
at the B-9 sulphide zone (open for expansion), located 4 km south of Keel.
Figure 1: Indy Project – Main Trend Targets
1 See News Release 2024-06, May 16, 2024 for details.
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-lead-silver 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 Indy belt by staking
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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. The Company is engaged in a continuing review of other properties and projects for
possible acquisition.
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 or forward -looking information within the meaning of applicable securities laws
(collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward -looking statements.
Forward-looking statements, include but are not limited to, statements that address activities, events of developments that the Company
expects or anticipates will or may occur in the future. Forward -looking statements are typically identified by words such as: believe, expect,
anticipates, intends, estimates, plans, postulate, indicate and similar expressions, or are those, which, by their nature, refer to future events.
Although InZinc believes that such statements are reasonable, it can give no assurance that such expectations will prove to b e correct. The
Company cautions investors that any forward-looking statements are not guarantees of future results, performance or actions, and that actual
results or 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, 2023 filed
with certain securities commissions in Canada and other information released by the Company and filed with the appropriate re gulatory
agencies. Any forward -looking statement speaks only as of the date on which it is made and, except as may be required by applicable
securities laws, Inzinc disclaims any intent or obligation to update any forward -looking statement, whether as a result of new information,
future events or results or otherwise. All of the Company’s Canadian public disclosure filings may be accessed via www.sedarplus.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture Exchange)
accepts responsibility for the adequacy or accuracy of this release.