InZinc Receives 5-Year Drill Permit Renewal and Provides Exploration Update at Indy Project in Central BC
InZinc Mining (TSXV: LTHIF) has received a 5-year drill permit renewal for its Indy Sedex project in central British Columbia. The permit allows for up to 60 drill holes, access trails, and related work. However, wildfire-related evacuation orders in nearby areas have prompted the company to re-evaluate the timing of its next drill testing phase.
Recent geological studies suggest that Indy's setting is highly analogous to the prolific Selwyn Basin, known for hosting significant Sedex deposits. InZinc has completed additional geological mapping, soil geochemistry, and rock sampling across the Main Trend area, with results expected in late August.
The company has identified several priority drill targets, including Keel Barite, Keel West, Delta Horizon, and the B-9 Sulphide Zone. These targets show promising features such as extensive barite mineralization and zinc-lead enrichment, characteristic of prolific Sedex districts.
InZinc Mining (TSXV: LTHIF) ha ricevuto un rinnovo del permesso di perforazione di 5 anni per il suo progetto Indy Sedex nel centro della Columbia Britannica. Il permesso consente fino a 60 perforazioni, sentieri di accesso e lavori correlati. Tuttavia, gli ordini di evacuazione legati agli incendi boschivi nelle aree vicine hanno spinto l'azienda a rivalutare i tempi della sua prossima fase di test di perforazione.
Studi geologici recenti suggeriscono che il contesto di Indy è altamente analogo al prolifico Bacino di Selwyn, noto per ospitare significativi depositi di Sedex. InZinc ha completato ulteriori mappature geologiche, geochimica del suolo e campionamento di rocce nell'area del Main Trend, con risultati attesi per la fine di agosto.
L'azienda ha identificato diversi obiettivi di perforazione prioritari, tra cui Keel Barite, Keel West, Delta Horizon e la Zona B-9 Sulfuro. Questi obiettivi mostrano caratteristiche promettenti come una notevole mineralizzazione di barite e arricchimento di zinco-piombo, caratteristiche dei distretti Sedex prolifici.
InZinc Mining (TSXV: LTHIF) ha recibido un renovación del permiso de perforación de 5 años para su proyecto Indy Sedex en el centro de Columbia Británica. El permiso permite hasta 60 agujeros de perforación, caminos de acceso y trabajos relacionados. Sin embargo, las órdenes de evacuación relacionadas con incendios forestales en áreas cercanas han llevado a la empresa a reevaluar el momento de su próxima fase de pruebas de perforación.
Estudios geológicos recientes sugieren que el entorno de Indy es altamente análogo a la prolífica Cuenca de Selwyn, conocida por albergar depósitos significativos de Sedex. InZinc ha completado mapas geológicos, geochemistry del suelo y muestreo de roca en el área de Main Trend, con resultados esperados para finales de agosto.
La empresa ha identificado varios objetivos de perforación prioritarios, incluidos Keel Barite, Keel West, Delta Horizon y la Zona B-9 Sulfuro. Estos objetivos muestran características prometedoras como una amplia mineralización de barita y enriquecimiento de zinc-plomo, característicos de los distritos Sedex prolíficos.
InZinc Mining (TSXV: LTHIF)은 브리티시컬럼비아 중부의 Indy Sedex 프로젝트에 대해 5년 드릴 허가 갱신을 받았습니다. 이 허가는 최대 60개의 드릴 홀과 접근 도로 및 관련 작업을 허용합니다. 그러나 인근 지역의 산불 관련 대피 명령으로 인해 회사는 다음 드릴 테스트 단계의 시기를 재평가해야 했습니다.
최근 지질학적 연구에 따르면 Indy's 환경은 풍부한 Selwyn 분지와 매우 유사하다고 합니다. 이 지역은 중요한 Sedex 매장량으로 알려져 있습니다. InZinc는 Main Trend 지역에서 지질 조사, 토양 지화학, 암석 샘플링을 추가로 완료하였으며, 결과는 8월 말에 나올 예정입니다.
회사는 Keel Barite, Keel West, Delta Horizon 및 B-9 황화물 구역을 포함하여 여러 우선 드릴 대상을 식별했습니다. 이러한 목표는 광범위한 바라이트 광물화 및 아연-납 풍부화와 같은 유망한 특징을 보여주며, 이는 풍부한 Sedex 지구의 특징입니다.
InZinc Mining (TSXV: LTHIF) a reçu un renouvellement de permis de forage de 5 ans pour son projet Indy Sedex dans le centre de la Colombie-Britannique. Le permis permet jusqu'à 60 trous de forage, des sentiers d'accès et des travaux connexes. Cependant, des ordres d'évacuation liés aux incendies de forêt dans les zones voisines ont poussé l'entreprise à réévaluer le calendrier de sa prochaine phase de tests de forage.
Des études géologiques récentes suggèrent que le cadre d'Indy est hautement analogue au prolifique Bassin de Selwyn, connu pour abriter d'importants dépôts de Sedex. InZinc a complété des cartes géologiques, la géochimie du sol et des échantillonnages de roches dans la région de Main Trend, avec des résultats attendus à la fin août.
L'entreprise a identifié plusieurs cibles de forage prioritaires, y compris Keel Barite, Keel West, Delta Horizon et la Zone B-9 Sulfure. Ces cibles montrent des caractéristiques prometteuses telles qu'une extensive minéralisation de baryte et un enrichissement en zinc-plomb, caractéristiques des districts Sedex prolifiques.
InZinc Mining (TSXV: LTHIF) hat eine 5-jährige Verlängerung der Bohrgenehmigung für sein Indy Sedex-Projekt im zentralen British Columbia erhalten. Die Genehmigung erlaubt bis zu 60 Bohrlöcher, Zugangswege und verwandte Arbeiten. Aufgrund der evakuierungsbedingten Waldbrandwarnungen in den umliegenden Gebieten hat das Unternehmen jedoch den Zeitpunkt seiner nächsten Bohrphase neu bewertet.
Aktuelle geologische Studien deuten darauf hin, dass Indys Umfeld sehr ähnlich dem ergiebigen Selwyn-Becken ist, das für bedeutende Sedex-Ablagerungen bekannt ist. InZinc hat zusätzliche geologische Kartierungen, Boden-Mikrochemie und Gesteinsprobenentnahmen im Main Trend-Bereich abgeschlossen, dessen Ergebnisse für Ende August erwartet werden.
Das Unternehmen hat mehrere Prioritätsbohrziele identifiziert, darunter Keel Barite, Keel West, Delta Horizon und die B-9 Sulfidzonen. Diese Ziele zeigen vielversprechende Merkmale wie umfangreiche Barit-Mineralisierung und Zink-Blei-Anreicherung, die für produktive Sedex-Gebiete charakteristisch sind.
- Received 5-year drill permit renewal for up to 60 drill holes
- Geological setting analogous to the metal-rich Selwyn Basin
- Completed additional geological mapping and sampling
- Identified multiple priority drill targets with promising mineralization
- Wildfire-related evacuation orders may delay next phase of drill testing
- Re-evaluating timing of planned fall drilling campaign
Vancouver, British Columbia--(Newsfile Corp. - July 26, 2024) - InZinc Mining Ltd. (TSXV: IZN) ("InZinc" or the "Company") announces the renewal of a 5-year drill permit, with provisions for up to 60 drill holes, access trails and related work, was received July 18 for the Indy Sedex (zinc-lead-silver) project (
On July 21 wildfire-related evacuation orders were issued and are in place for communities (Wells-Barkerville) and surrounding areas located to the south of the Project. The Company continues to monitor notices and developments. All InZinc crews are currently on a planned break and are absent from the project site.
Considering these developments, InZinc is re-evaluating the timing of the next phase of drill testing, notionally scheduled for this fall, at Indy. The Company is currently well positioned with working capital.
2024 Ground Exploration
Based on recent stratigraphic correlations1, the geological setting at Indy is highly analogous to that hosting mineral deposits in the prolific, metal-rich Selwyn Basin. To help guide the next drill campaign, InZinc completed additional geological mapping, soil geochemistry and rock sampling across the Main Trend area in June and early July. Soil and rock samples have been submitted for analysis with results anticipated in late August.
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. The Indy project, located approximately 500 km south of the nearest known Selwyn Basin deposit, is particularly well located with respect to road, rail and power infrastructure (see Figure 1).
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 |
| Howard's Pass District, Yukon | 400 Mt at |
| Mac Pass District, Yukon | 11.2 Mt Indicated at 39.5 Mt Inferred at |
| Cirque, Northeast BC | 40 Mt at |
| Akie, Northeast BC | 22.7 Mt Indicated at 7.5 Mt Inferred at |
1 See News Release 2024-06, May 16, 2024 for details.
Property-Wide Sedex Exploration Targets
The widespread distribution of mineralization at Indy includes many features common to prolific Sedex districts. The recent discovery of abundant barite, with zinc-lead enrichment, also provides an important exploration vector and will enhance exploration targeting for these deposits. Priority 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
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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 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 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
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/217818
FAQ
What recent permit did InZinc Mining (LTHIF) receive for its Indy project?
How are wildfires affecting InZinc Mining's (LTHIF) operations at the Indy project?
What geological similarities does InZinc Mining's (LTHIF) Indy project share with the Selwyn Basin?
What are the main exploration targets identified by InZinc Mining (LTHIF) at the Indy project?
