Zinccorp Resources Completes 2010 Exploration Program at Michelle Project
September 28 2010 - 9:00AM
Marketwired
ZINCCORP RESOURCES INC. (TSX VENTURE: ZN) is pleased to announce it
has completed a 2010 diamond drill program at the Michelle Project
in north-central Yukon Territory. The focus of the 2010 drill
program was to drill untested targets within two of the fifteen
mineralized zones. Ten holes totalling 1034m were drilled at the
Blender and Nanny zones. Assays are awaited.
Fifteen mineralized zones were discovered within an area roughly
12 kilometres by 7 kilometres prior to 2010. One of the highlights
of the 2010 exploration program was the prospecting discovery of a
sixteenth zone, the "Silver Matt," located 5 km west of the
previous westernmost zone, and just 13.5km from the Dempster
Highway along the proposed access corridor. The average of four
assays from galena-rich material at Silver Matt is 3727.5 g/t
Silver (108.7 oz/ton) and 81.92% Lead. The galena is hosted within
a typical iron-rich oxide zone, with lower silver and lead but
higher zinc values, gallium up to 83 ppm and Indium up to 16ppm.
This discovery was made on the last day of the exploration program,
and will form an important focal point for 2011 exploration.
In addition to the drill program the 2010 exploration program
featured: prospecting, geological mapping and gravity geophysical
surveys. Kluane Drilling of Whitehorse was the drilling contractor
and Fireweed Helicopters provided air transportation. Aurora
Geosciences conducted a gravity geophysical survey, and provided
camp facilities. The camp is located near the Dempster Highway, at
a site rented from the Trondek Hwechin First Nation.
"The Michelle property has numerous high grade targets that have
not been drill tested. The Peak and Gully zones which have been
previously tested are still open to expansion. We expect to be able
to expand and define these zones through systematic exploration
programs in the future," comments Company President, Richard
Hughes.
The first drill holes of the 2010 program tested the Blender
zone, at a point 500m east of the Peak zone. The Blender does not
outcrop, but has returned some very high assay results from
boulders and some highly anomalous soil geochemical anomalies.
Three boulder samples at Blender averaged 27.7% zinc, 22.8% lead,
986 g/t silver and 533ppm gallium. This zone is located at lower
elevation and close to a water source for drilling. Other drill
holes were at the Nanny zone, which lies about 2.5km due west of
the Peak zone, on the same trend. Although assays results have not
been received, visual examination of drill core revealed only
moderately mineralized structures at both zones.
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 17
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, and 2010 prospecting generated one significant new discovery
and several minor zones. The mineralized zones are also variably
enriched in Gallium, Indium and Germanium, and 15 zinc-rich samples
collected in 2009 averaged 221.7 g/t Gallium (maximum value 1170
g/t), 7.4 g/t Indium (maximum value 24.1 g/t) and 6.4 g/t Germanium
(maximum value 60.3 g/t). Germanium and Indium will be
systematically analyzed in all samples this year for the first
time.
The 2010 program totalled 1,034 meters of drilling, and tested
two zones not previously drill tested. The gravity geophysical
survey is an initial orientation to evaluate this method, which may
help focus exploration toward large, high grade bodies. Further
prospecting was conducted, as the limits to the mineralized system
have not been determined, and prospecting has been very successful
in previous seasons. Geological mapping at both property and target
scales will help Zinccorp to focus its efforts.
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.
About Zinccorp Resources Inc.
The Company had a zinc/lead/silver discovery on the Michelle
Property, one of its four highly prospective properties in Yukon,
Canada, in 2007 which has been confirmed with drilling and the
discovery of news zones each year since. Zinccorp Resources Inc.
has now expanded its exploration venture into the prolific Timmins
/ Larder Lake mining camp adding a new gold dimension to its
exploration portfolio.
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
www.zinccorpresources.com
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