The entire Zinc One team are accomplished and well connected to find and acquire quality assets and effectively move them forward. We believe the combination of aggressive, committed, experienced management acquiring solid world class and prospective assets backed by a comprehensive marketing plan and PR team is a recipe for success.
Zinc One Resources Inc. (“Zinc One”) has entered into a binding agreement (the “Agreement”) whereby Zinc One has agreed to acquire all of the issued and outstanding common shares of Forrester Metals Inc. (“Forrester”) and through this will acquire the Bongará zinc-oxide deposit (“Bongará Zinc Mine”) and the adjacent Charlotte Bongará zinc-oxide project (“Charlotte Bongará Project”), subject to a 2% net smelter return royalty. This is the first time that these two projects have been controlled by a single operator and thus offers a unique opportunity to delineate a substantial high-grade, zinc-oxide resource along a 4km-long trend.
High Grade Zinc-Oxide Properties
The Bongará Zinc Mine was discovered in 1974 and since then various companies have completed exploration programs across the area. The mineralization is concentrated along and proximal to a NW – trending anticlinal axis over approximately 2.5 kilometres. From the southeast edge of the project, the Mina Grande, Mina Chia and Bongaria mine areas were subject to sampling from pits and trenches as well as shallow drilling stretching over a distance of approximately 1.2 kilometres. This zinc-oxide mineralization appears to continue to the northwest into an additional exploration area known as Campo Cielo, where pits and trenches have also exposed additional high grade, zinc-oxide mineralization in historical pits and trenches in certain areas as shown on the attached map.
As mentioned above, the Bongará Zinc Mine was mined in 2007 and 2008 by a previous owner with material mined by open-pit methods, dried at the site, and then shipped 540km westward to the coast where it was processed through a Waelz kiln, a processing technology typically applied to flue dust from steel mills to recover zinc. A greater than 60% Zn calcine was made and sold to smelters/refineries in Peru and the United States. A sinking zinc price was the principal reason for shutting down the mine in August, 2008.
Approximately 2km northwest of the Bongará Zinc Mine at the Charlotte Bongará Project, in 2008 Rio Cristal Zinc announced impressive near- surface drill intercepts of zinc oxides that included 29.5% Zn across 15.5 meters, 26.1% Zn across 12.5 meters, 29.7% Zn across 11.5 meters (the cited intervals are drill-intercept widths and true widths are unknown). Due to a declining zinc price, funds to properly delineate this mineralization could not be raised and further evaluation did not proceed.
Zinc One has access to all data and technical work that date back to the 1990s. A compilation of this information is included in the NI43-101-compliant Technical Report, dated October 11th, 2016, and is available on SEDAR and on the Forrester website should readers desire additional information on the Bongará Zinc Mine and Charlotte Bongará Project.
Zinc One will also control the Azulcolcha West zinc prospect located in central Peru as part of the property portfolio. Over 8,000m of drilling has been completed on this project, with several additional targets. Given the recent closure of some large zinc mines, the slow development of new zinc mines, and the rising zinc price, this is an attractive package of zinc assets.
The opportunity is for immediate exposure to the zinc space through the Bongará Zinc Mine as well as Charlotte Bongará Project and Azulcocha West, which provides Zinc One with an excellent development project and a pipeline of exploration projects, all of which are located in a safe jurisdiction with a mining heritage.
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Scotia Zinc-Silver Project
The Scotia Zn-Ag Project covers an area of ~1080 hectares in the Skeena Mining Division, ~40km southeast of Prince Rupert in west central British Columbia, Canada.
The Scotia Project hosts a metamorphosed massive sulfide deposit located within the Ecstall Belt of metavolcanic rocks that extends through west-central British Columbia. Resource modeling of the Albere Zone in 2009 established a vertical range of sub-economic to economic grades of mineralization of 95 meters, and a horizontal range of 205 meters.
The high grade “core” area widened to about 30 meters about 190 meters north of the outcropping main showing. The thickest drill intercept in the Albere Zone was 26.7 meters grading 9.0% zinc, 1.2% lead, 21.5 g/t silver and 0.3 g/t gold.
President & CEO, Director
Mr. Walchuck (BSc., PEng) is a mining professional with over 37 years of national and international experience in the minerals industry, including work in North America, Slovakia, the UK, Ghana, and Tanzania. Mr. Walchuck was the Manager Mining for Barrick at the Bulyanhulu Gold Mine in Tanzania from 1999 to 2002. There he oversaw the building of a multi-million-ounce, high-grade underground mine in 24 months and achieved over 2 million man-hours without a lost-time accident. Prior to his 6-year involvement with Bulyanhulu (first as Sr. Project Manager with Sutton Resources then as Manager Mining for Barrick), Mr. Walchuck was Manager of Mining and then Manager - Corporate Operations for Royal Oak Mines. This was preceded by a 5-year term as Chief Mining Engineer for Tarkwa Goldfields in Ghana. A member of the Professional Engineers of Ontario for 28 years, Mr. Walchuck holds Bachelor Degrees in both Science and Engineering.
Mr. Crowe is a professional geologist with more than 35 years of exploration, business and entrepreneurial experience throughout North America, Latin America, Africa and Southeast Asia. Since August 2016, Mr. Crowe has served as Chief Executive Officer, President and director of Silver One Resources Inc., a mineral exploration company with silver projects in Mexico. Previously, Mr. Crowe served as a director, Chief Executive Officer and President of Entrée Gold Inc., a mining company listed on the TSX, from May 2003 to November 2015. Mr. Crowe was also co-founder and President of Azimuth Geological Inc., a private consulting company specializing in exploration and management services for junior and major mining companies such as Rio Algom Ltd., the Prime Group and Westmin Resources Limited.
Mr. Girling has been active in various aspects of mineral exploration since 1977. He couples his geological understanding with a B.Com. Finance degree (U.B.C. 1990) to provide consulting services to a number of TSX Venture Exchange companies. Since August 2016, Mr. Girling has served as a director of Silver One Resources Inc., a mineral exploration company with silver projects in Mexico. He has strong capital markets experience gained as a founder and director of Foundation Resources Inc. and Search Minerals Inc. Mr. Girling was also a director of Roxgold Inc. from August 2006 through September 2102 and completed the re-organization of Roxgold Inc. as well as the acquisition of its Burkina Faso gold property. Aside from BRS, Mr. Girling was President and CEO of Birch Hill Gold Corporation from November 2012 until it amalgamated with Canoe Mining Ventures in June of 2014. He continues as a director of I-Minerals Inc. and Kiska Metals Corporation.
Mr. Roehlig has more than 15 years of experience in the financial and investment industry. In particular, Mr. Roehlig has experience in restructuring, managing and financing junior public companies. Most recently, Mr. Roehlig served as the president of Terra Ventures Inc., which held a 10% stake in the high grade Roughrider uranium discovery owned by Hathor Exploration. In May 2011, Terra Ventures was acquired by Hathor Exploration – Hathor was then subsequently acquired by one of the world’s largest mining companies Rio Tinto in late 2011.
DR. SIMON DESJARDINS
V.P Technical Services and Project Management
Mr. Desjardins holds a PhD in Civil engineering and counts 25 years of experience in infrastructure management on mining and industrial projects. As a manager, he was responsible for project development at all study phases, environmental permitting, logistics and construction. Evolving from staff engineer, to project manager and VP technical services, Mr. Desjardins built a solid understanding of project execution. While managing large scale infrastructure projects with junior and major mining companies, he was always exposed and held accountable to project functionalities including Health & Safety, quality, cost, schedule, contract and risk management. Mr. Desjardins worked in every Canadian province and territory, South America, West Africa and India.
Ms. Tsai is a Chartered Professional Accountant with Malaspina Consultants Inc. Prior thereto, she was a senior accountant with Grant Thornton LLP. She has acted as CFO and/or controller of a number of listed companies, including Hello Pal International Inc., ImmunoPrecise Antibodies Ltd. and PPX Mining Corp, and has corporate finance and listed company experience in a number of sectors. She has a Bachelor of Commerce degree.
Issued & Outstanding - 56,775,241
Stock options - 3,600,000
Fully Diluted - 60,375,241