Proactive Investors - Run By Investors For Investors

Zinc One Resources reveals more good drill results from final Mina Grande Sur zone holes at Bongara

Today, the group released the results from the last 27 holes of the Mina Grande Sur zone in north-central Peru
Zinc One Resources reveals more good drill results from final Mina Grande Sur zone holes at Bongara
Zinc One is operating in Peru

Peru-focused Zinc One Resources Inc. (CVE:Z) continues to find decent zinc grades at the Bongara mine project ahead of a resource estimate expected to be completed in the fourth quarter of 2018.

Today, the group released the results from the last 27 holes of the Mina Grande Sur zone in north-central Peru, where, in total 95 holes were sunk.

READ: Zinc One Resources reports positive drill assays from Mina Grande Sur zone at Bongara

Highlight intercepts included 18 metres (m) of 36% zinc from one hole and 11.5 metres of 32% zinc from another.

Mina Grande Sur is one of three known zones of high-grade, near-surface zinc along a 1.4km trend.

"The Mina Grande Sur drill programme delineated near-surface, zinc-oxide mineralisation over a length of 350 metres in a north-south direction and as much as 200 metres in an east-west direction, open to the south and southwest," said Jim Walchuck, the president and chief executive of Zinc One.  

He added: "Along with the zinc-oxide deposit discovered at Mina Chica, we expect the success of this drill programme to be manifested by a contribution to the total project's resource estimate, which we anticipate will be completed Q4 2018."

At the end of last month, the firm reported positive drill results from work at the Mina Grande Sur zone - unveiling results then from 18 holes.

Notable intercepts included 33.7 metres of 24.2% zinc in one hole and 16.5 metres of 26.5% zinc from the surface in another, the firm revealed.

Shares in Toronto jumped over 10% to C$0.16.

--Updates share price--

View full Z profile View Profile

Zinc One Resources Inc. Timeline

Related Articles

1531932548_16a-Fireweed-777x437.jpg
July 18 2018
The company has the potential for a world-class asset with its focus built around its flagship zinc lead silver project, Macmillan Pass, located near the eastern edge of Yukon.
1540372714_Erris---on-site.jpg
October 24 2018
Recent drilling success in Ireland has laid the foundations for further progress
Pictured is surface sampling at the Bongara project
December 04 2018
A highlight of this year's drill program was the Mina Chica deposit discovery at Bongara
Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use