logo-loader

Zinc One Resources finds high grade zinc at Bongarita zone, which will help define a resource in Peru

Last updated: 09:11 12 Apr 2018 EDT, First published: 04:11 12 Apr 2018 EDT

1523538919_zinc-periodic-3
Zinc One is on the hunt for the metal in Peru

Zinc One Resources Inc (CVE:Z) has released final assays from the Bongarita zone at the Bongara mine, which the firm says will help delineate a resource.

In all, 36 holes for 578.2 meters were sunk at Bongarita in Peru and results showed high grades, the firm said.

READ: Zinc One Resources extremely pleased with first holes at Mina Chica target in Peru

Very fine mineralisation, hosted by soils, has been delineated over an area of around 7,500 square metres (sq m), it added.

Highlight assays included 2.4 metres of an impressive 42.8% zinc, from 7.9 metres depth.

Another hole showed 2.4 metres of 38.1% zinc, from 1.5 metres, while another had 5.8 metres of 19.1% zinc from the surface.

"The drilling at Bongarita essentially confirmed that the amount of mineralised soils should be similar in size and grade to the historical resource," said Jim Walchuck, president and CEO at Zinc One.

"Zinc One anticipates that this drill data along with the previous pit and channel sampling data, will provide enough data to contribute to the delineation of a resource.

"The high-grade soils found at Bongarita would require very little stripping and blasting and could possibly be included in the operational startup depending on the outcome of the upcoming resource estimate."

2 portable rigs at Mina Chica and Mina Grande Sur

Bongarita is only one of the three known zones of high-grade, near-surface, zinc-oxide mineralisation along a 1.6 km trend.

The others are Mina Chica and Mina Grande Sur.

This week, the firm reported that it was encouraged by assays from first holes sunk at Mina Chica, which again confirmed high grade zinc.

The results penetrated as much as 16.5 metres of true vertical thickness with 36.5% zinc, the firm said.

At Mina Grande Sur, which is around 1.2km southeast of Bongarita, results from 11 of 60 holes drilled there have been reported so far.

Two portable rigs continue to drill at Mina Chica and Mina Grande Sur, the firm said.

Zinc One Resources agrees to term with InCoR Holdings regarding Bongara Project

Zinc One Resources (CVE:Z) Interim CEO Gunther Roehlig dropped in the Vancouver studio of Proactive Investors to talk about the strategic relationship Zinc One has signed with InCoR Holdings. He talked about the structure of the deal and what it means going forward. Roehlig also addressed...

on 05/29/2019