- Published: 08 May 2009
- Written by Editor
Zinccorp Resources Intersects 9.40 Meters of 5.36% Zinc, 16.36% Lead, and 152 g/t Silver
MICHELLE PROPERTY EXPANDED TO COVER NEW ZINC DISCOVERIES 14 NON-SULPHIDE ZINC SHOWINGS CONFIRMED OVER AN 11-KM LONG BELT
Zinccorp Resources Inc. (TSX VENTURE: ZN) (the 'Company') is pleased to announce results from an exploratory diamond drilling program and an early-stage prospecting and sampling program at its wholly owned Michelle Property in central Yukon Territory.
The 23-hole exploratory drilling program tested two previously identified non-sulphide zinc occurrences with associated lead, silver and gallium values. Of the 3,112.67 meters drilled in 2008, 12 holes totaling 1,966.29 meters were directed at the Peak Zone.
The remaining 11 holes totaling 1,146.38 meters tested the Gully Zone, following up a seven-hole drilling program totaling 853.13 meters in 2007.
- Highlighted intercepts include a 9.40 -meter interval grading 5.36% zinc, 16.36% lead, 152 g/t (grams per tonne) silver and 870 ppm (parts per million) gallium from the Gully Zone and a 2.96 -meter interval from the Peak Zone that returned 0.55% zinc, 15.18% lead, 2,134 g/t silver and 25 ppm gallium.
Another highlight of the extensive 2008 exploration program was a small-scale reconnaissance prospecting and geochemical sampling program that successfully identified 14 non-sulphide zinc showings spread over an 11-km long belt. The Michelle Property was subsequently expanded from 112 to 782 claims to cover these promising new occurrences and a 20-km long band of un-prospected but favourable geology extending to the Dempster Highway.
Statistics for Strongly Anomalous Rock Geochemical Samples
-----------------------------------------------------------------------
Threshold No. of No. of Average Peak
Element Value Showings Samples Value Value
-----------------------------------------------------------------------
Zinc 20.00% 9 21 33.36% 45.21%
-----------------------------------------------------------------------
Lead 10.00% 6 25 26.97% 81.68%
-----------------------------------------------------------------------
Silver 200.0 g/t 5 16 787.2 g/t 2,300 g/t
-----------------------------------------------------------------------
Gallium 200 ppm 8 16 386 ppm 1,120 ppm
-----------------------------------------------------------------------
At the start of the 2008 exploration program, it was assumed that the oxidized surface or near-surface mineralization observed at the Michelle Property would be underlain by conventional sulphide-rich Mississippi Valley Type (MVT) deposits. However as work progressed, it became evident that the oxidation is very intensive and deep. No zinc or iron sulphide minerals were observed in any of the drill core. Exploration has shown that this mineralization can be categorized as non-sulphide zinc, which likely resulted from deep weathering of pre-existing MVT deposits.
Zinccorp's 2008 drilling program was designed to confirm the orientation, continuity and grades of the Peak and Gully Zones and to identify stratigraphic horizons where particularly rich mineralization is likely to occur.
- At the Peak Zone, ten of the 12 holes were drilled to test an easterly trending structure associated with highly anomalous soil geochemical values. The mineralized structure was traced over a length of 200 meters to a depth of 71 metres. Highlights include five holes that intersected moderate zinc mineralization (See attached table for a summary of the results). Two holes tested beneath massive limonite outcrops, confirming these outcrops are leached caps of vertically dipping mineralized structures that contain moderately elevated zinc and locally strong gallium.
- Drilling in the Gully Zone was directed at extending its known strike length and testing for nearby stratigraphically controlled mineralization. One drill hole intersected strong zinc-lead-silver-gallium mineralization; seven others intersected moderate zinc mineralization. Only three holes contained negligible mineralization, but they were drilled either a considerable distance along the projected strike of the structure or passed through the carbonate unit into underlying non-reactive siltstone. No high-grade stratigraphically controlled mineralization was discovered.
The Company is pleased by the positive results of exploration to date at the Michelle Property and plans additional geological, geochemical, mineralogical and metallurgical studies to better define the geological controls at the various mineral zones and unexplained soil geochemical anomalies. Hand-trenching and construction of drill pads is also planned, along with future close-spaced drilling to establish the size, grade and three-dimensional geometry of the Peak, Gully and other zones.
Industry standard QA/QC procedures were employed during the sampling and analytical work. The samples were collected and handled in ways that ensure security, including chain of custody procedures. Blank samples were randomly included in every batch of 20 core samples. All analyses referred to in this news release were performed at ALS Chemex in North Vancouver, B.C. Each sample was analyzed for zinc, lead, silver, gallium and 30 other elements. Analysis for a multi-element package was done by inductively coupled plasma combined with either mass spectroscopy or atomic emission spectroscopy (ME-ICP61a). Over limit zinc, lead and silver values from the ME-ICP61a technique were reanalyzed to obtain full values (Zn-, Pb- and Ag-OG62). Reproducibility of values by the various techniques was excellent. The ALS Chemex Vancouver laboratory carries International Standards Organization (ISO) 9001:2000 registration and is accredited to ISO 17025 by Standards Council of Canada for a number of specific test procedures including fire assay Au by AA, ICP and gravimetric finish, and multi-element ICP and AA assays for Ag, Cu, Pb and Zn.
Work at the Michelle property was supervised by Mr. Bill Wengzynowski, P Eng., who is the qualified person for the project as defined by National Instrument 43-101. Mr. Wengzynowski has reviewed the technical content of this news release.
Subject to regulatory approval, Zinccorp plans to lower the price of options that expire in July 2013 from $0.15 to $0.10. The Company also announces the appointment of Diana Mark as Assistant Corporate Secretary.
To view the map associated with this press release, please visit the following link: http://media3.marketwire.com/docs/zinncorp508.pdf
About Zinccorp Resources Inc.
The Company is focused on its zinc/lead/silver discovery on its Michelle Property in Yukon Territory, Canada. The Michelle Property, located approximately 15 km east of the Dempster Highway in central Yukon, is one of four highly prospective properties acquired from Strategic Metals Ltd.
Please visit Zinccorp's website 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 Press 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.
-----------------------------------------------------------------------
-----
INTER-
VAL
ZONE HOLE # FROM TO LENGTH Ag Pb Zn Ga Pb + Zn
----------------------------------------------------------------------------
(m) (m) (m) (g/t) (%) (%) (ppm) (%)
----------------------------------------------------------------------------
Gully MCH-07-04 70.35 95.75 25.40 0 0.03 1.64 5 1.67
----------------------------------------------------------------------------
including 93.57 95.75 2.18 1 0.23 10.15 5 10.38
----------------------------------------------------------------------------
Gully MCH-07-05 64.23 65.27 1.04 1 0.01 1.54 5 1.55
----------------------------------------------------------------------------
67.13 68.85 1.72 0 0.01 2.20 5 2.21
----------------------------------------------------------------------------
Gully MCH-07-06 35.66 53.95 18.29 310 8.86 16.75 132 25.61
----------------------------------------------------------------------------
including 45.22 53.16 7.94 511 17.38 22.71 253 40.09
----------------------------------------------------------------------------
Gully MCH-07-07 47.85 57.00 9.15 2 0.10 12.62 5 12.72
----------------------------------------------------------------------------
including 49.10 53.30 4.20 3 0.18 23.98 5 24.16
----------------------------------------------------------------------------
Gully MCH-08-16 42.60 43.85 1.25 1 0.06 1.04 25 1.10
----------------------------------------------------------------------------
44.78 45.80 1.02 1 0.07 1.57 25 1.64
----------------------------------------------------------------------------
Gully MCH-08-20 26.78 36.18 9.40 152 16.36 5.36 870 21.72
----------------------------------------------------------------------------
36.18 39.00 2.82 1 0.06 1.94 25 2.00
----------------------------------------------------------------------------
40.75 42.19 1.44 1 0.01 1.04 25 1.05
----------------------------------------------------------------------------
53.67 60.38 6.71 4 0.07 15.04 25 15.11
----------------------------------------------------------------------------
including 54.77 58.23 3.46 6 0.13 27.73 25 27.86
----------------------------------------------------------------------------
Gully MCH-08-23 54.57 56.34 1.77 1 0.11 1.92 25 2.03
----------------------------------------------------------------------------
74.13 75.52 1.39 1 0.00 1.27 25 1.27
----------------------------------------------------------------------------
78.13 107.29 29.16 2 0.02 1.56 25 1.58
----------------------------------------------------------------------------
including 79.62 80.72 1.1 4 0.97 4.49 25 5.46
----------------------------------------------------------------------------
Gully MCH-08-26 17.91 24.37 6.46 1 0.02 1.03 25 1.05
----------------------------------------------------------------------------
Gully MCH-08-27 26.39 28.83 2.44 1 0.04 1.62 25 1.66
----------------------------------------------------------------------------
Gully MCH-08-28 8.33 10.17 1.84 1 0.01 1.92 25 1.93
----------------------------------------------------------------------------
12.37 14.26 1.89 1 0.00 1.17 25 1.17
----------------------------------------------------------------------------
20.52 22.46 1.94 3 0.08 2.05 25 2.13
----------------------------------------------------------------------------
Gully MCH-08-30 76.27 77.28 1.01 1 0.01 1.18 25 1.19
----------------------------------------------------------------------------
95.54 99.34 3.80 1 0.06 1.07 25 1.13
----------------------------------------------------------------------------
Peak MCH-08-11 60.05 71.74 11.69 60 0.50 3.69 78 4.19
----------------------------------------------------------------------------
82.08 95.39 13.30 24 0.39 3.31 125 3.70
----------------------------------------------------------------------------
including 85.32 90.67 5.34 24 0.46 4.79 131 5.25
----------------------------------------------------------------------------
103.17 113.32 10.15 10 0.08 3.55 35 3.63
----------------------------------------------------------------------------
117.96 120.16 2.20 1 0.00 1.28 25 1.28
----------------------------------------------------------------------------
124.60 126.46 1.86 1 0.01 1.40 25 1.41
----------------------------------------------------------------------------
Peak MCH-08-13 26.95 29.92 2.97 451 7.16 1.59 60 8.75
----------------------------------------------------------------------------
38.82 42.15 3.33 57 0.30 1.46 35 1.76
----------------------------------------------------------------------------
Peak MCH-08-14 47.44 49.10 1.66 4 0.04 1.80 25 1.84
----------------------------------------------------------------------------
102.05 103.05 1.00 3 0.02 1.78 25 1.80
----------------------------------------------------------------------------
Peak MCH-08-17 18.92 20.42 1.50 76 3.13 2.04 50 5.17
----------------------------------------------------------------------------
60.10 68.86 8.76 12 0.21 2.77 100 2.98
----------------------------------------------------------------------------
Peak MCH-08-21 9.80 17.32 7.52 52 6.85 1.25 25 8.10
----------------------------------------------------------------------------
including 14.40 17.32 2.92 133 17.58 0.34 25 17.92
----------------------------------------------------------------------------
65.69 68.59 2.90 113 0.80 1.90 65 2.70
----------------------------------------------------------------------------
73.09 77.44 4.35 2 0.04 3.16 25 3.20
----------------------------------------------------------------------------
Peak MCH-08-22 76.35 78.33 1.99 2 0.03 2.26 46 2.29
----------------------------------------------------------------------------
139.43 141.31 1.88 1 0.00 1.82 25 1.82
----------------------------------------------------------------------------
Peak MCH-08-31 101.95 103.71 1.76 2 0.08 1.52 25 1.60
----------------------------------------------------------------------------
Peak MCH-08-32 19.58 21.22 1.64 0 0.05 1.24 25 1.29
----------------------------------------------------------------------------
30.39 53.43 24.54 347 3.29 1.20 31 4.49
----------------------------------------------------------------------------
including 40.04 43.00 2.96 2134 15.18 0.55 25 15.73
----------------------------------------------------------------------------
and 50.85 52.43 1.58 121 0.22 8.10 25 8.32
----------------------------------------------------------------------------
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contacts: Zinccorp Resources Inc. Kevin Hull Investor Relations (604) 685-2222 This email address is being protected from spambots. You need JavaScript enabled to view it. www.zinc-corp.com
SOURCE: Zinccorp Resources Inc.
mailto:This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.zinc-corp.com
