InZinc Appoints Wayne Hubert as Chief Executive Officer
October 12 2017 - 1:05PM
InZinc Mining Ltd. (TSX-V:IZN) (“InZinc” or the
“Company”) is pleased to announce the appointment of Mr. Wayne
Hubert as Chief Executive Officer of the Company.
Mr. Hubert has over 20 years of senior
management experience in the mining sector. He was most recently
CEO of Andean Resources from 2006 to 2010 when it was acquired by
Goldcorp for $3.5 billion. At Andean, Mr. Hubert lead the team
which increased resources to over five million ounces of gold and
completed feasibility studies, financing and permitting prior to
the takeover. Before his tenure at Andean, Mr. Hubert held senior
management positions at Meridian Gold where he gained considerable
experience in finance, exploration, project development, permitting
and construction. Mr. Hubert is currently a director of Austral
Gold and Candeleria Mining. He has a bachelor of science in
Chemical Engineering and an MBA.
“We are pleased to have Wayne become the driving
force for growth at our two zinc projects,” stated Kerry Curtis,
Non-executive Chairman of InZinc. “Wayne brings to InZinc extensive
experience, successful achievements and enthusiasm to further
development of the advanced stage West Desert project in Utah and
the early stage Indy project in BC.”
Mr. Hubert stated, “I believe InZinc is at a
turning point with strong zinc prices that have made the West
Desert recently completed Preliminary Economic Assessment more
robust. However, I am more excited by the exploration potential at
West Desert — there is a significant precious metals component that
has not been tested and impressive exploration potential at depth.
The surface exploration at the Indy project this past year was
successful in identifying a large zinc-lead-silver anomaly that is
drill ready.”
Issuance of Stock Options
InZinc announces the grant of stock options to purchase a total
of 980,000 common shares of the Company for a period of five (5)
years at an exercise price of $0.12 per share effective October 11,
2017. These stock options will vest as to 50% immediately and 50%
on October 11, 2018.
About InZinc
InZinc is focused on growth in zinc through
exploration and expansion of the advanced stage West Desert project
(100%) in Utah and exploration of the early stage Indy project
(100% option) in British Columbia. West Desert has a large
underground resource open for expansion and has district scale
exploration potential. A West Desert preliminary economic
assessment completed in 2014 forecasted 1.6 billion pounds of zinc
production over 15 years. Indy comprises both near surface
exploration targets and regional discovery potential. Both zinc
projects are well located with easy access and existing
infrastructure.
InZinc Mining Ltd.
"Kerry
Curtis”
_____________________________
Kerry CurtisNon-executive ChairmanPhone: 604.687.7211Website:
www.inzincmining.com
For further information contact:Joyce
Musial Vice President, Corporate AffairsPhone:
604.317.2728Email: joyce@inzincmining.com
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
Canadian and US securities legislation. All statements, other than
statements of historical fact, included herein including, without
limitation, statements regarding the Company’s next shareholder
meeting. 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 Discussion and
Analysis for the year ended December 31, 2016 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.sedar.com and readers are urged to review these materials,
including the technical reports filed with respect to the Company's
mineral properties.
The PEA (2014) was prepared by Mine Development
Associates with contributions from International Metallurgical and
Environmental Inc. in accordance with the definitions in Canadian
National Instrument 43-101. All dollar amounts are US currency. The
PEA is considered preliminary in nature. It includes Inferred
mineral resources that are considered too speculative to have the
economic considerations applied that would enable classification as
mineral reserves. There is no certainty that the conclusions within
the PEA will be realized. Mineral resources that are not mineral
reserves do not have demonstrated economic viability. Long-term
metal prices used in the study included zinc at $1/lb, copper at
$3/lb, iron ore at $105/t (62% Fe, CFR-Tianjin), gold at $1,300/oz
and silver at $21/oz. The technical report is entitled “Technical
Report on the West Desert Zinc-Copper-Indium-Magnetite Project -
Preliminary Economic Assessment - Juab County, Utah” and is
available both at www.sedar.com and the Company’s website at
www.inzincmining.com.
Kerry M. Curtis, P.Geo. a Qualified Person as
defined in NI43-101, has approved the technical content of this
news release. Some technical content contained in this news release
is based in part on historical reports. The Qualified Person is not
responsible for the accuracy or the content of the historical
reports.
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.
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