Peru-focused Zinc One Resources Inc (CVE:Z) has reported positive drill results from work at the Mina Grande Sur zone - part of its flagship Bongara zinc project.
The work at the zone has consisted of 95 holes and today's results hail from 18 holes.
Notable intercepts include 33.7 metres of 24.2% zinc in one hole and 16.5 metres of 26.5% zinc from surface in another, the firm revealed.
Another hole showed 15 metres of 27.9% zinc from surface.
The firm said results from an additional 27 holes were pending.
"The most recent drill results from Mina Grande Sur confirmed and better delineated mineralization not only quantified, in part, by historic drill holes, but recognized by last year's pit sampling as well," said Jim Walchuck, the president and chief executive of Zinc One.
"We look forward to receiving the remaining data from Mina Grande Sur. The drilling at Mina Grande Centro and Mina Grande Norte were completed earlier in the month with results to be reported over the coming weeks."
Mina Grande Sur is one of three known zones of high-grade, near-surface zinc-oxide mineralization along a 1.4km trend that is being tested by the program.
So far, results from 36 holes drilled have been reported at Bongarita, which lies around 1.3km northwest of Mina Grande Sur.
At Mina Chica, which lies around 1.2km northwest of Mina Grande Sur, a high-grade zinc deposit was discovered and mostly delineated with the drilling of 53 drill holes for 2,327.9 metres.
At Mina Grande Centro and Mina Grande Norte, 64 holes for 2,237.3 metres (m) and 16 holes for 449.8 metres have been drilled, respectively.
So far, 264 holes for 7,930.6 metres have been drilled in all areas.
Shares were unchanged at C$0.18.