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.