Zinccorp Resources Inc. Plans 2010 Drill Program to Test High Grade Zinc, Lead, and Silver Targets at Michelle Project
January 26 2010 - 12:24PM
Marketwired
Zinccorp Resources Inc (TSX VENTURE: ZN) (the 'Company') is pleased
to announce it is planning a 2010 diamond drill program at the
Michelle Project in north-central Yukon Territory. Fifteen
mineralized zones have been discovered within an area roughly 12
kilometres by 7 kilometres.
The 2010 program will comprise of at least 1500 meters of
drilling, and will test two or more zones not previously drill
tested. A gravity geophysical survey will be conducted to help
focus exploration towards potential large, high grade bodies.
Further prospecting will be conducted, as the limits to the
mineralized system have not been set and prospecting has been very
successful in previous seasons. (See News Release December 14,
2009). Geological mapping at both property and target scales will
help Zinccorp to focus its efforts.
For a map of the Michelle project highlighting the different
zones, please click on the following link or cut and paste into
your web browser:
brmstatpack.com/lt/1001/1020/michelle-calamine-project-01-2010
"The exploration plan for Michelle property is exciting as it
has numerous high grade targets that have not been drill tested.
The Peak and Gully zones, the only areas drill-tested so far and
both of which returned high-grade intersections, are still open to
expansion. We expect to be able to expand and define these zones
for years to come," comments Company President, Richard Hughes. "We
are currently planning and budgeting for our 2010 exploration
program for the Michelle which will begin as soon as possible. As
well as the Michelle property, we are well advanced with plans for
exploration on a number of recently acquired properties in the West
Timmins gold district."
Exploration at the Michelle Property has revealed zinc, lead,
silver and gallium mineralization in dominantly carbonate and oxide
form (with minor lead sulphide) over an area measuring roughly 12
kilometres by 7 kilometres. Mineralization is hosted by upper
Cambrian to lower Devonian carbonate rocks of the Bouvette
formation. Fifteen zones were discovered by the end of the 2009
work, with further prospecting expected to generate additional new
discoveries. The mineralized zones are also locally enriched in
Indium and Germanium, which may add value to the project.
Numerous boulders of very dense, white barite were discovered at
the new showings discovered in the south-western part of the
property in 2009. This accessory mineral has not previously been
documented on the Michelle property, and may be of economic
interest. This area will be further investigated as a priority.
Exploration at the Michelle Property has revealed zinc, lead,
silver and gallium mineralization in dominantly carbonate and oxide
form (with minor lead sulphide) over an area measuring roughly 12
kilometres by 7 kilometres. Mineralization is hosted by upper
Cambrian to lower Devonian carbonate rocks of the Bouvette
formation. Fifteen zones were discovered by the end of the 2009
work, with further prospecting expected to generate additional new
discoveries. The mineralized zones are also locally enriched in
Indium and Germanium, which may add value to the project.
Zinccorp Resources owns 100% of the Michelle Property.
The Qualified Person for the purpose of National Instrument
43-101 is William Mann, P.Geo. who has read and agreed with the
technical information in this news release.
The Company also announces the resignation of John Keating as a
director effective January 22, 2010 and the appointment of John de
Jong as a director. Mr. de Jong has an extensive background in
management, organizational protocols and project development which
will serve the company well. He is the general manager of
operations for Klondike Silver Corp in British Columbia and Yukon,
including Klondike Silver Corp's mining and milling operation at
Sandon, BC. He is also a director of Abitibi Mining Corp., Amador
Gold Corp., Chalice Diamond Corp., Golden Chalice Resources Inc.,
Kalahari Resources Inc., Klondike Gold Corp., Klondike Silver Corp.
and Sedex Mining Corp.
About Zinccorp Resources Inc.
Zinccorp Resources Inc., a member of the Hughes Exploration
Group of companies, is a recently formed, tightly held junior
mineral exploration company. The Company had a zinc/lead/silver
discovery on the Michelle Property, one of its four highly
prospective properties in Yukon, Canada in 2007, 2008 and again in
2009. Zinccorp has recently expanded its exploration profile into
the prolific Timmins / Larder Lake mining camp adding a new gold
dimension to its exploration portfolio.
Please visit Zinccorp's web-site 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 news 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.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
Contacts: Zinccorp Resources Inc. Kevin Hull or Alan Campbell
Investor Relations (604) 685-2222 info@zinc-corp.com
Zinccorp Resources Inc. (TSXV:ZN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Zinccorp Resources Inc. (TSXV:ZN)
Historical Stock Chart
From Jul 2023 to Jul 2024