NetworkNewsBreaks – Zinc One Resources Inc. (TSX
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Posted On: 12/13/2017 7:01:43 PM
NetworkNewsBreaks – Zinc One Resources Inc. (TSXV: Z) (OTC: ZZZOF) (FSE: RH33) Receives Approval of Permit for 124 Drill Platforms on the Bongará Zinc Mine Project
Zinc One Resources (TSXV: Z) (OTC: ZZZOF) (FSE: RH33) this morning said that a permit for 124 drill platforms has been approved by the Peruvian Ministry of Energy and Mines ("MEM"
. The drill platforms are intended to serve the purpose of delineating mineral resources at the company's Bongará Zinc Mine Project in Peru, with drilling anticipated for January 2018. The permit allows for drilling of up to three holes per platform with an average drill depth of approximately 25 metres. The results from this drill program will be utilized in advancing the Bongara Zinc Mine Project toward a Preliminary Economic Assessment (“PEA”). "This is one of the most important milestones we have reached thus far. This permit will allow the Company to drill the areas of known mineralization in the Mina Grande, Mina Chica, and Bongarita sectors and, in conjunction with the results from the ongoing surface and pit sampling, allow us to complete a resource estimate that a PEA can be based on. We are confident that we will be able to confirm the historic resource — 1Mt of 21.6% Measured and Indicated and 0.21Mt of 21.2% Inferred. This is especially significant since the Mina Chica and Bongarita sectors have never been drilled and we believe that our drill program will be able to really define the zinc-rich zones of mineralization on the Mina Chica, Bongarita and Mina Grande sectors of the project," Zinc One president and CEO James Walchuck stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Zinc One Resources (TSXV: Z) (OTC: ZZZOF) (FSE: RH33) this morning said that a permit for 124 drill platforms has been approved by the Peruvian Ministry of Energy and Mines ("MEM"
. The drill platforms are intended to serve the purpose of delineating mineral resources at the company's Bongará Zinc Mine Project in Peru, with drilling anticipated for January 2018. The permit allows for drilling of up to three holes per platform with an average drill depth of approximately 25 metres. The results from this drill program will be utilized in advancing the Bongara Zinc Mine Project toward a Preliminary Economic Assessment (“PEA”). "This is one of the most important milestones we have reached thus far. This permit will allow the Company to drill the areas of known mineralization in the Mina Grande, Mina Chica, and Bongarita sectors and, in conjunction with the results from the ongoing surface and pit sampling, allow us to complete a resource estimate that a PEA can be based on. We are confident that we will be able to confirm the historic resource — 1Mt of 21.6% Measured and Indicated and 0.21Mt of 21.2% Inferred. This is especially significant since the Mina Chica and Bongarita sectors have never been drilled and we believe that our drill program will be able to really define the zinc-rich zones of mineralization on the Mina Chica, Bongarita and Mina Grande sectors of the project," Zinc One president and CEO James Walchuck stated in the news release. Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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