viewZinc One Resources Inc.

Zinc One Resources files resource estimate for Bongara zinc project, including Bongarita deposit numbers

The overall Bongará project contains an 8km trend with known near-surface, high grade zinc mineralization

Zinc core
The overall project therefore now hosts 342 million pounds of indicated zinc and 496.2 million pounds of inferred

Zinc One Resources Inc (CVE:Z) has filed an updated resource estimate for its Bongara zinc mine project in Peru, which has now added in numbers from the Bongarita zinc-oxide deposit.

The overall Bongará project contains an 8km trend with known near-surface, high-grade zinc mineralization. The mine was in production from 2007 to 2008 but was closed due to the financial meltdown and the fall in the zinc price.

READ: Zinc One Resources sitting on 339M pounds of indicated resources at Bongara mine

Last month, the firm unveiled an NI 43 101 indicated resource of 812,000 tonnes averaging 18.9% zinc containing 339 million pounds of zinc at a 10% cut-off.

The inferred resource showed 1.34 million tonnes averaging 16.8% zinc containing 496 million pounds of the commodity using a 10% Zn cut-off.

But the company revealed since then, modeling at Bongarita, which is hosted by soils, has added 10,000 tonnes of 13.8% containing 3 million pounds of zinc as an indicated resource and 700 tonnes of 12.7% zinc for 200,000 pounds of inferred.

The overall project thus now hosts 342 million pounds of indicated zinc and 496.2 million pounds of inferred.

Further drilling planned

In February, the group said that this year, it plans to carry out further drilling, including to upgrade the confidence level of the currently defined inferred resources and to expand the overall resource at nearby undrilled high-priority targets between Mina Chica and Mina Grande Norte and northwest of Mina Chica at Campo Cielo.

The previously producing mine used a Waelz kiln for processing, which does not require copious amounts of water and an electrical grid.

The waste product is slag that can be used as road material, among other things, thus precluding a permanent tailings storage facility and minimizing initial and sustaining capital outlays.

Shares in Toronto were unchanged at $0.080.

Contact Giles at [email protected]

Follow him on Twitter @Gile74

Quick facts: Zinc One Resources Inc.

Price: 0.01 CAD

Market: TSX-V
Market Cap: $1.94 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Zinc One Resources Inc. named herein, including the promotion by the Company of Zinc One Resources Inc. in any Content on the Site, the Company...



Zinc One Resources agrees to term with InCoR Holdings regarding Bongara Project

Zinc One Resources (CVE:Z) Interim CEO Gunther Roehlig dropped in the Vancouver studio of Proactive Investors to talk about the strategic relationship Zinc One has signed with InCoR Holdings. He talked about the structure of the deal and what it means going forward. Roehlig also addressed...

on 29/5/19

2 min read