InZinc Continues to Advance New Large-Scale Sedex Zn-Pb-Ag Targets at Indy Project, Central BC

Rhea-AI Summary

InZinc Mining (TSXV: IZN) has advanced two new large-scale drill targets, Keel Barite and Delta Horizon, at its Indy Sedex zinc-lead-silver project in central British Columbia. The company has deferred its planned fall 2024 drill program to 2025 due to wildfire-related challenges. A program of additional soil geochemistry and access preparation for 2025 drilling will commence in September.

The Indy project's geological setting is highly analogous to the zinc-lead-silver-barite Sedex deposits of the Selwyn Basin, which hosts some of the world's largest Sedex deposits. InZinc's property-wide Sedex drill targets include:

• Keel Barite and Keel West: 700m strike of barite mineralization with local zinc-lead enrichment
• Delta Horizon: 1.3km trend of barite mineralization with zinc-lead enrichment
• B-9 Sulphide Zone: Previous drilling highlighted by 10.0% (Zn+Pb), 16.2 g/t Ag over 9.9m

Positive

• Two new large-scale drill targets (Keel Barite, Delta Horizon) identified
• Geological setting analogous to prolific Selwyn Basin Sedex deposits
• B-9 Sulphide Zone shows promising past drilling results (10.0% Zn+Pb, 16.2 g/t Ag over 9.9m)
• 5-year drill permit renewed in mid-July
• Company well-positioned with working capital

Negative

• Fall 2024 drill program deferred to 2025 due to wildfire-related challenges
• Lab results from early summer sampling program still pending

Vancouver, British Columbia--(Newsfile Corp. - August 27, 2024) - InZinc Mining Ltd. (TSXV: 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
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6480/221194_e9c22a80b424e8d2_001full.jpg

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

Qualified Person

Brian McGrath, B.Sc., P.Geo. a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has approved the technical content of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements. Forward-looking statements, include but are not limited to, statements that address activities, events of developments that the Company expects or anticipates will or may occur in the future. Forward-looking statements are typically identified by words such as: believe, expect, anticipates, intends, estimates, plans, postulate, indicate and similar expressions, or are those, which, by their nature, refer to future events. Although InZinc believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. The Company cautions investors that any forward-looking statements are not guarantees of future results, performance or actions, and that actual results or actions may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, those risks and uncertainties disclosed in the Company's Management's Discussion and Analysis for the year ended December 31, 2023 filed with certain securities commissions in Canada and other information released by the Company and filed with the appropriate regulatory agencies. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Inzinc disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. All of the Company's Canadian public disclosure filings may be accessed via www.sedarplus.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221194

FAQ

What are the new drill targets identified by InZinc Mining at the Indy project?

InZinc Mining (TSXV: IZN) has identified two new large-scale drill targets at the Indy project: Keel Barite and Delta Horizon. These targets are located 4-5 km along trend of the B-9 Sulphide Zone.

Why has InZinc Mining deferred its fall 2024 drill program at the Indy project?

InZinc Mining (TSXV: IZN) has deferred its fall 2024 drill program at the Indy project to 2025 due to time lost and logistical challenges associated with wildfire-related evacuation orders and alerts in the area during the summer of 2024.

What are the key features of the B-9 Sulphide Zone at InZinc's Indy project?

The B-9 Sulphide Zone at InZinc Mining's (TSXV: IZN) Indy project is characterized by Sedex-style mineralization, with past drilling highlighted by a shallow intercept of 10.0% (Zn+Pb) and 16.2 g/t Ag over 9.9 m. The zone remains open for expansion.

How does the geological setting of InZinc's Indy project compare to other mineral deposits?

The geological setting of InZinc Mining's (TSXV: IZN) Indy project is highly analogous to that hosting the zinc-lead-silver-barite Sedex deposits of the prolific Selwyn Basin, which is known for containing some of the world's largest Sedex deposits.