Zinccorp Options ET Claims in the Mayo Mining District in Yukon
April 07 2011 - 9:00AM
Marketwired
ZINCCORP RESOURCES INC. (TSX VENTURE: ZN) -
Highlights
-- The proven hand auger soil sampling technique has returned highly
anomalous gold values of 189 ppb Au.
-- Soil anomalies are very comparable to gold-in-soil anomalies of White
Gold and Coffee projects in the White gold district of Yukon.
-- Five N-S trends anomalous for gold have been identified and open.
-- All eight silt samples taken were anomalous in gold- 5 of 8 sample
assays ran from 1550ppb Au to 5770 pbb Au. The gold is thought to be of
local origin.
-- Most of the economic placer gold bar deposits on the Stewart River area
are found downstream of this location.
-- Claims are Two-wheel accessible through an all season highway.
-- Power line goes through the claims.
is pleased to announce optioning ET claims in the Mayo Mining
district of Yukon. The company will earn the 100% by paying the
vendor $75,000 cash, $75,000 worth of shares over 4 years and a
work commitment of $75,000 by the Year 2 anniversary. The vendor
will retain a NSR of 2.5% with an option to purchase 1% for
$1,000,000.
The ET claims are located 24km northeast of Stewart Crossing in
the Mayo Mining District, N.T.S. 115 P/8, 9, Yukon. The claims can
be accessed by a two-wheel drive Silver Trail Highway, an all
season road. The Mayo / Dawson City power line goes through the
claims. Please refer to the location map.
(To see the location map and the soil lines location map please
visit the following link:
http://media3.marketwire.com/docs/zni407.pdf)
The claims were staked in 1998 by Yukon prospector J.P. Ross.
Since then, seasonal work including traditional hand-auger soil
sampling has resulted in five North-South trends anomalous for
gold. The total historic work till 2005 includes 346 hand-auger
soil samples (Reference: Yukon Geologica Survey, Assessment Report
#094435). The results of the traditional hand-auger soil sampling
work are tabulated below.
----------------------------------------------------------------------------
Traditional Hand-Auger Soil Sampling Results (2002-2005)
----------------------------------------------------------------------------
Gold in Soil (ppb) Number of Samples Percentile
----------------------------------------------------------------------------
100 ppb Au - 184 ppb Au 10 97%
----------------------------------------------------------------------------
50 ppb Au - 99 ppb Au 27 90%
----------------------------------------------------------------------------
25 ppb Au - 49 ppb Au 33 89%
----------------------------------------------------------------------------
10 ppb Au - 24 ppb Au 38 70%
----------------------------------------------------------------------------
9 ppb Au or less 238 80%
----------------------------------------------------------------------------
Please refer to the soil lines location map.
In 1999, 8 silt samples were taken from 3 streams. All were
highly anomalous from 175 ppb Au to2550 ppb Au (-80 mesh). The
samples were re-done at -200 mesh and 5 of 8 ran from 1550 ppb Au
to 5770 ppb Au (Reference Yukon Geological Survey - MINFILE#: 115P
042).
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. 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
info@zinc-corp.com www.zinccorpresources.com
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