Proactive Investors - Run By Investors For Investors

Zinc One Resources sees shares lifted as more decent assays are unearthed from Bongara

Drilling was focused on the eastern edge of the zone that was mined by the previous operator
Zinc One Resources sees shares lifted as more decent assays are unearthed from Bongara
Zinc One is exploring for the commodity in Peru

Shares in Peru-focused Zinc One Resources Inc (CVE:Z) advanced in Toronto as it posted further high-grade drill results from the Mina Grande Norte zone at its flagship Bongara zinc project.

Mina Grande Norte is a part of one of three zones of high-grade, near-surface zinc-oxide mineralization along a 1.4km strike, which was tested by this drill program, which consisted of 264 holes for 7,931 metres.

READ: Zinc One Resources files drill results from the Mina Grande Norte zone, which are "beyond expectations"

Drilling was focused on the eastern edge of the zone that was mined by the previous operator and west of the high-grade zinc-oxide mineralization outlined by the pit sampling.

Highlight intercepts included up to 39.6 metres of 37.0% zinc from one hole and 14.4 metres of 40.5% zinc from another.

Also announced was 28 meters (m) at 37% zinc and 17.4m at 31.4% of the commodity.

"The numerous high zinc grades associated with the Mina Grande Norte zone are spectacular and exceed our overall expectations for thickness and grade along the western edge of the deposit," said Dr Bill Williams, chief operating officer at Zinc One.

"They delineated the aerial and vertical extent of the high-grade mineralization and will be an important contribution to the upcoming resource estimate.

"The drill results at Mina Grande Norte are very encouraging and reinforce the upside potential of the Bongara project overall."

Zinc mineralization at the Bongara project is classified as a Mississippi Valley-type deposit and is mostly hosted by strongly dolomitized brecciated limestones that are stratabound.

Shares in the resource company added 5.26% to stand at $0.10.

View full Z profile View Profile

Zinc One Resources Inc. Timeline

Related Articles

1540897348_zinc-periodic-3.jpg
October 30 2018
Exploration upside on Connemara's Irish portfolio remains significant
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