Vancouver, BC – InZinc Mining Ltd. (TSX-V: IZN) (“InZinc” or the “Company”) announces the initial phase of the 2024 field program, involving mapping, prospecting and geochemical surveys, has advanced two new large-scale drill targets (Keel Barite, Delta Horizon) located 4-5 km along trend of the B-9 Sulphide Zone, where past drilling is highlighted by a shallow intercept of 10.0% (Zn+Pb), 16.2 g/t Ag over 9.9 m.
Follow-up drill programs to test the Keel Barite and Delta Horizon targets, notionally scheduled for this fall, have been deferred to 2025, largely due to time lost and logistical challenges associated with wildfire-related evacuation orders and alerts in the area this summer. A program of additional soil geochemistry and access preparation for drilling in 2025 will commence in the first week of September at the Indy Sedex (zinc-lead-silver) project (100% interest) (“Indy” or the “Project”) located 90 km southeast of Prince George in central British Columbia.
Lab results, pending from the early summer sampling program will be combined with results from the fall program and carried over into 2025 for drill target selection. Renewal of a 5-year drill permit was completed in mid-July and the Company is well positioned with working capital.
The geological setting at Indy is highly analogous to that hosting the zinc-lead-silver-barite Sedex deposits of the prolific, metal-rich Selwyn Basin1. The Selwyn Basin, an 1100 km long sedimentary belt, hosts the world’s second largest known accumulation of Sedex deposits, including some of the world’s largest (see Table 1). Previously, the mineralized sequences of the Selwyn Basin were only known to extend from the Yukon into northeastern BC.
Table 1: Sedex Districts and Deposits of the Selwyn Basin, Canada1
Sedex Deposit/District | Historical and Current Estimates (Mt – million tonnes) |
Anvil District, Yukon | 120 Mt at 5.6% zinc, 3.7% lead and 45 to 50 g/t silver |
Howard’s Pass District, Yukon | 400 Mt at 5% zinc and 2% lead |
Mac Pass District, Yukon | 11.2 Mt Indicated at 6.6% zinc, 2.5% lead and 21.3 g/t silver 39.5 Mt Inferred at 5.8% zinc, 3.1% lead and 38.2 g/t silver |
Cirque, Northeast BC | 40 Mt at 7.8% zinc, 2.2% lead and 48 g/t silver |
Akie, Northeast BC | 22.7 Mt Indicated at 8.3% zinc, 1.6% lead and 14.1 g/t silver 7.5 Mt Inferred at 7.0% zinc, 1.2% lead and 12.0 g/t silver |
Property-Wide Sedex Drill Targets
The widespread distribution of mineralization (sulphide and barite) at Indy includes many features common to prolific Sedex districts. Barite mineralization with zinc and lead enrichment defines high-potential exploration vectors. Preliminary 2025 drill targets include (see Figure 1):
- Keel Barite and Keel West – Extensive barite mineralization (700 m strike) at Keel with local enrichment in zinc-lead sulphides at Keel West.
- Delta Horizon – Additional widespread barite mineralization (up to 25% barite in rock samples) with zinc-lead enrichment occurring over a 1.3 km trend at Delta, located 1 km northwest of Keel.
- B-9 Sulphide Zone – Sedex-style mineralization (10.0% zinc and lead, 16.2 g/t silver over 9.9 m) at the B-9 sulphide zone (open for expansion), located 4 km south of Keel.
Figure 1: Indy Project – Main Trend Targets
1 See News Release 2024-06, May 16, 2024 for details.
About InZinc
InZinc is an active explorer and, through its Indy project, equity investment and royalty interests, is exposed to a diverse portfolio of active North American base metals and precious metals projects.The Company has discovered and continues to explore for expansion of near surface zinc-lead-silver mineralization at the easily accessible Indy project located in a new and under-explored mineral region of central British Columbia, Canada.A Canadian subsidiary of South32 (ASX, LSE, JSE) became a major tenure holder in the Indy belt by staking approximately 200 km2 of adjacent claims in late 2021. InZinc has a significant equity investment in American West Metals (ASX) which is advancing multiple North American base metals projects. In addition, InZinc has a production royalty and will receive 50% of the revenue (NSR) from the sale of indium mined from American West’s West Desert project. The Company is engaged in a continuing review of other properties and projects for possible acquisition.
InZinc Mining Ltd.
Wayne Hubert
____________
Chief Executive Officer
Phone: 604.687.7211
Website: www.inzincmining.com
For further information contact :
Joyce Musial
Vice President, Corporate Affairs
Phone: 604.317.2728
Email: joyce@inzincmining.com