Vancouver, Canada - June 27, 2017 (Investorideas.com Newswire) Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZZOF) (FSE: RH33) ("Zinc One or the Company") is pleased to announce that it has exercised the option to acquire a 100% interest in the Bongará Zinc-Oxide Project and Charlotte Bongará Zinc-Oxide Project by making final cash payments totaling USD $1,150,000 to the optionors, thus laying the foundation for the redevelopment of the Bongará Zinc-Oxide Project.
Read this news in full at http://www.investorideas.com/CO/ZincOne/news/2017/06271Option.asp
Zinc One is the first company to own these projects together, which not only includes these two projects at each end of a six-kilometre long trend of known high-grade, zinc-oxide mineralization, but includes areas highly prospective for encountering additional such mineralization. The Bongará Zinc-Oxide Project will be Zinc One's immediate focus as it believes this is the most expedient way to become a producer of zinc-oxide. Each property will continue to be subject to a modest advanced royalty and a 2% NSR on production.
- Published: 28 June 2017
- Written by Investor Ideas