Minkap Reports Drill Results from Daniel’S Harbour Zinc Property, Newfoundland
MINKAP RESOURCES INC.
133 Richmond Street West, Suite 501, Toronto, ON M5H 2L3 Canada TSXV: KAP
MINKAP REPORTS DRILL RESULTS FROM DANIEL’S HARBOUR ZINC
PROPERTY, NEWFOUNDLAND
Toronto, Ontario, October 21, 2019 – MinKap Resources Inc. (TSX-V: KAP) (the “Company” or “KAP”),
announces it has received assay results from the first three diamond drill holes drilled by joint venture partner
Ubique Minerals Limited ("Ubique") (CSE:UBQ) at the Daniel’s Harbour Zinc Property, Newfoundland.
The holes were drilled into targets on the KAP option property and were targeted to duplicate intersections by
historic holes into three zones of mineralization. All intersected zinc mineralization as previously identified
by the historic drilling. Drill holes were vertical holes and intersected approximately true thicknesses of the
near flat sedimentary host rock horizons.
Historic
Hole
2019 Twinned
Hole
Zinc % Intersect
Metres
Comments
T1386 8.96 5.73 from a depth of approximately 168 metres
UM29 7.86 8.4
T1311 6.79 6.55 from a depth of approximately 141 metres
UM30 4.34 3.65 Nose Zone
T1135 5.91 4.94 from a depth of approximately 134 metres
UM31 8.80 4.30 122 metres east along the Nose Zone
• All intercepts are close to true width as the mineralization is hosted in a flat lying horizon
Zinc mineralized intervals identified in the core logging were sampled by half core sawing, with one half of the
core shipped to Atlantic Analytical Laboratories of Springdale, Newfoundland for assaying. Atlantic Analytical
is an ISO 17025 registered laboratory. Appropriate standards and blanks were inserted into the samples
sequence for quality control in accordance with Ubique’s standard QA/QC protocol which was developed for
the drill program in 2018 (see Ubique Minerals Li mited (CSE:UBQ) press release dated November 30 th,
2018).
Each of the recent drill holes was collared within 1 metre of the collars of the historic holes and like the historic
holes were drilled vertically. The historic holes were drilled with a smaller diameter core recovery (AQ – 27mm
diameter approximately) than the recent drill holes which were B-thin wall core size being approximately 36mm
in diameter. Holes drilled with smaller sized drill rods may deviate more from their original orientation as the
holes progress deeper. Therefore it is possible that even though the pairs of holes were collared only 1 metre
apart, their spacing at the depth of the mineralized interval could have been greater. Down hole surveys were
not made on either the historic or recently drilled holes so no estimate of possible deviation can be made. Such
deviation would also affect the recorded depth of the mineralization in each hole which could explain why the
variation of intervals recorded by the new and old drill holes is greater with greater depth. As holes deviate
from vertical they no longer cut the zinc mineralized zone at a true thickness.
Dr. Gerald Harper, P.Geo.(Ont), the CEO of Ubique, is the qualified person as defined by NI 43-101 responsible
for the technical data presented herein and has reviewed and approved this release.
On behalf of the Board of Directors
MinKap Resources Inc.
MINKAP RESOURCES INC.
133 Richmond Street West, Suite 501, Toronto, ON M5H 2L3 Canada TSXV: KAP
Jonathan Armes
President & CEO
Phone 1 (416) 708-0243
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Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains forward -looking statements within the meaning of applicable Canadian and U.S. securities laws and
regulations, including statements regarding the future activities of the Company. Forward looking statements reflect the cur rent
beliefs and expectations of management and are identified by the use of words including “will”, “anticipates”, “expected to”,
“plans”, “planned” and other similar words. Actual results may differ significantly. The achievement of the results expressed in
forward-looking statements is subject to a number of risks, including those described in the Company’s management discussion
and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedar.com. Investors ar e
cautioned not to place undue reliance upon forward-looking statements.