Zinccorp Resources Intersects 9.40 Meters of 5.36% Zinc, 16.36% Lead, and 152 g/t Silver
May 08 2009 - 10:01AM
Marketwired Canada
Zinccorp Resources Inc. (TSX VENTURE:ZN) (the 'Company') is pleased to announce
results from an exploratory diamond drilling program and an early-stage
prospecting and sampling program at its wholly owned Michelle Property in
central Yukon Territory.
The 23-hole exploratory drilling program tested two previously identified
non-sulphide zinc occurrences with associated lead, silver and gallium values.
Of the 3,112.67 meters drilled in 2008, 12 holes totaling 1,966.29 meters were
directed at the Peak Zone. The remaining 11 holes totaling 1,146.38 meters
tested the Gully Zone, following up a seven-hole drilling program totaling
853.13 meters in 2007.
- Highlighted intercepts include a 9.40 -meter interval grading 5.36% zinc,
16.36% lead, 152 g/t (grams per tonne) silver and 870 ppm (parts per million)
gallium from the Gully Zone and a 2.96 -meter interval from the Peak Zone that
returned 0.55% zinc, 15.18% lead, 2,134 g/t silver and 25 ppm gallium.
Another highlight of the extensive 2008 exploration program was a small-scale
reconnaissance prospecting and geochemical sampling program that successfully
identified 14 non-sulphide zinc showings spread over an 11-km long belt. The
Michelle Property was subsequently expanded from 112 to 782 claims to cover
these promising new occurrences and a 20-km long band of un-prospected but
favourable geology extending to the Dempster Highway.
Statistics for Strongly Anomalous Rock Geochemical Samples
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Threshold No. of No. of Average Peak
Element Value Showings Samples Value Value
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Zinc 20.00% 9 21 33.36% 45.21%
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Lead 10.00% 6 25 26.97% 81.68%
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Silver 200.0 g/t 5 16 787.2 g/t 2,300 g/t
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Gallium 200 ppm 8 16 386 ppm 1,120 ppm
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At the start of the 2008 exploration program, it was assumed that the oxidized
surface or near-surface mineralization observed at the Michelle Property would
be underlain by conventional sulphide-rich Mississippi Valley Type (MVT)
deposits. However as work progressed, it became evident that the oxidation is
very intensive and deep. No zinc or iron sulphide minerals were observed in any
of the drill core. Exploration has shown that this mineralization can be
categorized as non-sulphide zinc, which likely resulted from deep weathering of
pre-existing MVT deposits.
Zinccorp's 2008 drilling program was designed to confirm the orientation,
continuity and grades of the Peak and Gully Zones and to identify stratigraphic
horizons where particularly rich mineralization is likely to occur.
- At the Peak Zone, ten of the 12 holes were drilled to test an easterly
trending structure associated with highly anomalous soil geochemical values. The
mineralized structure was traced over a length of 200 meters to a depth of 71
metres. Highlights include five holes that intersected moderate zinc
mineralization (See attached table for a summary of the results). Two holes
tested beneath massive limonite outcrops, confirming these outcrops are leached
caps of vertically dipping mineralized structures that contain moderately
elevated zinc and locally strong gallium.
- Drilling in the Gully Zone was directed at extending its known strike length
and testing for nearby stratigraphically controlled mineralization. One drill
hole intersected strong zinc-lead-silver-gallium mineralization; seven others
intersected moderate zinc mineralization. Only three holes contained negligible
mineralization, but they were drilled either a considerable distance along the
projected strike of the structure or passed through the carbonate unit into
underlying non-reactive siltstone. No high-grade stratigraphically controlled
mineralization was discovered.
The Company is pleased by the positive results of exploration to date at the
Michelle Property and plans additional geological, geochemical, mineralogical
and metallurgical studies to better define the geological controls at the
various mineral zones and unexplained soil geochemical anomalies. Hand-trenching
and construction of drill pads is also planned, along with future close-spaced
drilling to establish the size, grade and three-dimensional geometry of the
Peak, Gully and other zones.
Industry standard QA/QC procedures were employed during the sampling and
analytical work. The samples were collected and handled in ways that ensure
security, including chain of custody procedures. Blank samples were randomly
included in every batch of 20 core samples. All analyses referred to in this
news release were performed at ALS Chemex in North Vancouver, B.C. Each sample
was analyzed for zinc, lead, silver, gallium and 30 other elements. Analysis for
a multi-element package was done by inductively coupled plasma combined with
either mass spectroscopy or atomic emission spectroscopy (ME-ICP61a). Over limit
zinc, lead and silver values from the ME-ICP61a technique were reanalyzed to
obtain full values (Zn-, Pb- and Ag-OG62). Reproducibility of values by the
various techniques was excellent. The ALS Chemex Vancouver laboratory carries
International Standards Organization (ISO) 9001:2000 registration and is
accredited to ISO 17025 by Standards Council of Canada for a number of specific
test procedures including fire assay Au by AA, ICP and gravimetric finish, and
multi-element ICP and AA assays for Ag, Cu, Pb and Zn.
Work at the Michelle property was supervised by Mr. Bill Wengzynowski, P Eng.,
who is the qualified person for the project as defined by National Instrument
43-101. Mr. Wengzynowski has reviewed the technical content of this news
release.
Subject to regulatory approval, Zinccorp plans to lower the price of options
that expire in July 2013 from $0.15 to $0.10. The Company also announces the
appointment of Diana Mark as Assistant Corporate Secretary.
To view the map associated with this press release, please visit the following
link: http://media3.marketwire.com/docs/zinncorp508.pdf
About Zinccorp Resources Inc.
The Company is focused on its zinc/lead/silver discovery on its Michelle
Property in Yukon Territory, Canada. The Michelle Property, located
approximately 15 km east of the Dempster Highway in central Yukon, is one of
four highly prospective properties acquired from Strategic Metals Ltd.
Please visit Zinccorp's website www.zinc-corp.com to learn more about the
Michelle and other exciting Zinccorp projects and sign up to receive upcoming
Zinccorp news.
The statements made in this Press Release may contain forward-looking statements
that may involve a number of risks and uncertainties. Actual events or results
could differ materially from the Company's expectations and projections.
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INTER-
VAL
ZONE HOLE # FROM TO LENGTH Ag Pb Zn Ga Pb + Zn
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(m) (m) (m) (g/t) (%) (%) (ppm) (%)
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Gully MCH-07-04 70.35 95.75 25.40 0 0.03 1.64 5 1.67
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including 93.57 95.75 2.18 1 0.23 10.15 5 10.38
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Gully MCH-07-05 64.23 65.27 1.04 1 0.01 1.54 5 1.55
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67.13 68.85 1.72 0 0.01 2.20 5 2.21
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Gully MCH-07-06 35.66 53.95 18.29 310 8.86 16.75 132 25.61
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including 45.22 53.16 7.94 511 17.38 22.71 253 40.09
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Gully MCH-07-07 47.85 57.00 9.15 2 0.10 12.62 5 12.72
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including 49.10 53.30 4.20 3 0.18 23.98 5 24.16
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Gully MCH-08-16 42.60 43.85 1.25 1 0.06 1.04 25 1.10
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44.78 45.80 1.02 1 0.07 1.57 25 1.64
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Gully MCH-08-20 26.78 36.18 9.40 152 16.36 5.36 870 21.72
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36.18 39.00 2.82 1 0.06 1.94 25 2.00
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40.75 42.19 1.44 1 0.01 1.04 25 1.05
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53.67 60.38 6.71 4 0.07 15.04 25 15.11
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including 54.77 58.23 3.46 6 0.13 27.73 25 27.86
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Gully MCH-08-23 54.57 56.34 1.77 1 0.11 1.92 25 2.03
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74.13 75.52 1.39 1 0.00 1.27 25 1.27
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78.13 107.29 29.16 2 0.02 1.56 25 1.58
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including 79.62 80.72 1.1 4 0.97 4.49 25 5.46
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Gully MCH-08-26 17.91 24.37 6.46 1 0.02 1.03 25 1.05
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Gully MCH-08-27 26.39 28.83 2.44 1 0.04 1.62 25 1.66
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Gully MCH-08-28 8.33 10.17 1.84 1 0.01 1.92 25 1.93
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12.37 14.26 1.89 1 0.00 1.17 25 1.17
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20.52 22.46 1.94 3 0.08 2.05 25 2.13
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Gully MCH-08-30 76.27 77.28 1.01 1 0.01 1.18 25 1.19
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95.54 99.34 3.80 1 0.06 1.07 25 1.13
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Peak MCH-08-11 60.05 71.74 11.69 60 0.50 3.69 78 4.19
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82.08 95.39 13.30 24 0.39 3.31 125 3.70
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including 85.32 90.67 5.34 24 0.46 4.79 131 5.25
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103.17 113.32 10.15 10 0.08 3.55 35 3.63
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117.96 120.16 2.20 1 0.00 1.28 25 1.28
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124.60 126.46 1.86 1 0.01 1.40 25 1.41
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Peak MCH-08-13 26.95 29.92 2.97 451 7.16 1.59 60 8.75
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38.82 42.15 3.33 57 0.30 1.46 35 1.76
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Peak MCH-08-14 47.44 49.10 1.66 4 0.04 1.80 25 1.84
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102.05 103.05 1.00 3 0.02 1.78 25 1.80
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Peak MCH-08-17 18.92 20.42 1.50 76 3.13 2.04 50 5.17
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60.10 68.86 8.76 12 0.21 2.77 100 2.98
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Peak MCH-08-21 9.80 17.32 7.52 52 6.85 1.25 25 8.10
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including 14.40 17.32 2.92 133 17.58 0.34 25 17.92
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65.69 68.59 2.90 113 0.80 1.90 65 2.70
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73.09 77.44 4.35 2 0.04 3.16 25 3.20
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Peak MCH-08-22 76.35 78.33 1.99 2 0.03 2.26 46 2.29
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139.43 141.31 1.88 1 0.00 1.82 25 1.82
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Peak MCH-08-31 101.95 103.71 1.76 2 0.08 1.52 25 1.60
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Peak MCH-08-32 19.58 21.22 1.64 0 0.05 1.24 25 1.29
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30.39 53.43 24.54 347 3.29 1.20 31 4.49
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including 40.04 43.00 2.96 2134 15.18 0.55 25 15.73
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and 50.85 52.43 1.58 121 0.22 8.10 25 8.32
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