Zinccorp Acquires Ag-Pb-Zn (Cu, Au) Target in Yukon
2011年4月12日 - 1:15AM
Marketwired
ZINCCORP RESOURCES INC. (TSX VENTURE: ZN) -
HIGHLIGHTS
-- Two large - 900m and 600m long- base metal geochemical anomalies.
-- Soil Anomaly 'A' is 900 metres long with values up to 373 ppm Zn, 146
ppm Pb, 114 ppm Cu and 1.0 ppm Ag.
-- Anomaly 'B' is 600 metres long and comprises stream silt and bank
samples values up to 906 ppm Zn, 500 ppm Pb, 80 ppm Cu and 3.2 ppm Ag.
-- Occurs in same high grade mineralized geological environment as Full
Metal Minerals' 40 Mile Project, a newly discovered district to the
west in Alaska.
-- A gossaneous, iron-rich, limonitic felsic volcanic float-sample assayed
43.8 g/t silver.
-- Property is close to existing road infrastructure.
ZINCCORP RESOURCES INC. (TSX VENTURE: ZN) is pleased to announce
optioning Liberty Fork Project in Yukon.The Liberty Fork property
consists of 49 quartz mineral claims located approximately 90 km
northwest of Dawson City as shown on Claim Map Sheet 116C/10. The
claim group is accessible by helicopter from Dawson City. A gravel
road that serviced the past producing Clinton Creek asbestos mine
extends to within 12 km of the southern claim boundary and the
Taylor Highway in Alaska lies approximately 12 km to the west.
Exploration History of the area originally identified a regional
silt sampling program carried out by Cominco in 1979. Cominco
returned to the area in 1995 and completed contour soil and silt
sampling as a follow-up to the earlier regional work.
Despite a recommended program to determine the source of the
identified geochemical anomalies the claims were allowed to lapse.
The area was re-staked in 2004 by J.P. Ross a Whitehorse
prospector, who has carried out prospecting, stream silt and soil
geochemical sampling and staked additional claims in 2007.
Two significant geochemical anomalies were detected by Cominco
during work on this occurrence in 1995. Anomaly 'A' is 900 metres
long and comprises contour soil samples with maximum values up to
373 ppm Zn, 146 ppm Pb, 114 ppm Cu and 1.0 ppm Ag. Anomaly 'B' is
600 metres long and comprises stream silt and bank samples with
maximum values of 906 ppm Zn, 500 ppm Pb, 80 ppm Cu and 3.2 ppm Ag
(Yukon MINFILE occurrence - 105F 036). Immediately to the west of
the Liberty Fork property, on the Alaska side of the border, is the
40 Mile property of Full Metal Minerals, a recently discovered and
previously unknown mineral district. Recent drilling by Full Metal
has identified multiple intervals of high grade Zn-Pb-Ag carbonate
replacement deposit (CRD) style mineralization in a geological
setting that is very similar to that which is producing the
unexplained anomalies on the Liberty Fork claims.
Please see the attached file for location of the anomalies:
http://media3.marketwire.com/docs/0411zn.pdf
Drilling highlights from Full Metal's 40 Mile project to the
west of the Liberty Fork Project include:
-- LWM07-04: 44.6 meters averaging 15.7% Zn, 5.3% Pb, 76 g/t Ag
-- LWM07-07: 11.1 meters averaging 26.3% Zn, 11.7% Pb, 169.8 g/t Ag
-- LWM07-09: 6.5 meters averaging 31.6% Zn, 11.3% Pb, 464.2 g/t Ag
-- LWM07-19: 5.6 meters averaging 31.8% Zn, 19.9% Pb, 346.8 g/t Ag
-- LWM08-32: 17.7 meters averaging 14.5% Zn, 11.1% Pb, 217.5 g/t Ag
The company will earn 100% by paying the vendor $50,000 cash,
$50,000 worth of shares over 4 years, work commitment of $75,000 by
the Year 2 anniversary. The vendor will retain NSR of 2% with an
option to purchase 1% for $1,000,000.
The company is planning on a follow-up work to expand on the
soil survey followed by geophysics, detail geological mapping and
trenching to define drill targets.
The company also would like to announce that a Finders Fee will
be apply in this transaction and the ET claims transactions
(announced in April 6, 2011 News Release) according to the policies
of TSX Venture Exchange. Roger MacDonald (P.Geo) has reviewed this
news release.
About Zinccorp Resources:
Zinccorp has a strategic land position in the
Destor-Porcupine-Fault zone of West Timmins area. The company has
also positioned itself in the Yukon by acquiring other projects and
developing its Michelle project where previous drilling has
intersected 309 g/t Silver, 16.76% Zn, & 8.8% Pb over 18.29m
width.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
Contacts: Zinccorp Resources Inc. Alan Campbell (604) 685-2222
Zinccorp Resources Inc. Kevin Hull (604) 685-2222 (604) 685-3764
(FAX) info@zinc-corp.com
Zinccorp Resources Inc. (TSXV:ZN)
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から 6 2023 まで 6 2024