Zinc One Resources announces the final drill results from the high-grade zinc discovery in the Mina Chica zone located at the Bongará Zinc Mine project in north-central Peru.
This high-grade zinc mineralization is approximately 200 metres long in a NW-SE direction and 120 metres wide in a NE-SW direction and is open to the west.
Of note is drill hole MCH-18-041, which drilled 21 metres (14.8 metres true vertical thickness) of 27.5% zinc. Along with previously reported intercepts of 49.5 metres (35 vertical metres) of 38.7% zinc, 39 metres (27.6 true vertical metres) of 27.4% zinc, 19.8 metres of 46.8% zinc, 18.0 metres of 38.0% zinc, and 16.5 metres of 35.6% zinc (see Figure 1 below), this has the potential to make a positive impact on the resource estimate at Bongará Zinc Mine expected to be released in Q3 2018.
Jim Walchuck, President and CEO of Zinc One commented, “Results from the drill program at the Mina Chica zone surpassed our expectations and included a new high-grade zinc discovery. This is a spectacular exploration success and an excellent addition to the Zinc One story. Although the current drill permit precludes further drilling in the zone, there is potential to increase the size of the deposit. The Company will submit a drill-permit application to delineate this discovery in the near future.
The results of this overall program to date, and the coincident discovery, validate the positive results of our surface-sampling program. We will employ surface sampling as our primary targeting methodology to confirm and test the other prospective areas at the Bongará Zinc Mine project for the next round of drilling. At this time, we have only tested a relatively small portion of the six-kilometre mineralized trend.”