NEW YORK, NY--(Marketwired - Nov 8, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Zinc One Resources, Inc. (
The publication, titled, "Soaring Zinc Price, Mounting Supply Deficit Create Opportunity for Sector Operators," discusses how the demand for zinc, paired with a mounting supply deficit, offers significant opportunity for today's zinc producers.
To view the full publication, visit: https://www.networknewswire.com/soaring-zinc-...operators/
"Zinc on the London Metal Exchange hit a 10-year high of $3,308 per metric ton ($1.50 per pound) in October and hit a nine-and-a-half-year high on the Shanghai Futures Exchange of $4,048 per metric ton. Meanwhile, stockpiles of zinc on both the LME and SHFE are at some of their lowest levels since 2008 and 2009. ... Such factors are what makes a smaller zinc-focused developer like Zinc One Resources, Inc. (
"In concert with the acquisition, Zinc One Resources closed a fully subscribed $10 million private placement that will fund exploration and development costs at Bongará. ... The Bongará Zinc project was discovered in 1974 and was mined in 2007 and 2008 via open-pit operations covering just 37 acres of the massive site. The mine yielded 358 metric tons per day resulting in a 60 to 65 percent zinc end product using a very simple Waelz kiln process before the mine was shuttered in late 2008 due to the slumping market price for zinc. In addition to more recent sampling, this historic record offers a solid indicator that the project's output can be readily extracted and processed using simple and straightforward techniques.
About Zinc One Resources
Zinc One Resources Inc. is a Vancouver, Canada-based company focused on the acquisition, exploration and development of prospective and advanced zinc projects in mining friendly jurisdictions. Zinc One's key assets are the Bongará Zinc Mine and Charlotte-Bongará Zinc-Oxide Project in north-central Peru. Historical production of the Bongará Mine, which was mined from 2007-2008 until a fall in zinc prices shut it down, revealed greater than 20 percent zinc grades and recoveries over 90 percent, all from surface mining. Bongará's high grade zinc mineralization is considered a rare situation and one that Zinc One management is poised to explore further. The neighboring Charlotte-Bongará Zinc-Oxide Project has multiple at-surface, high-grade drill intercepts providing numerous drill targets.
For more information, visit: www.ZincOne.com/
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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