Nevada Zinc Continues to Expand Discovery Zone at Lone Mountain

Zinc Investing

Nevada Zinc Corp. (TSXV:NZN) announced that further Phase 3 drill results show that zinc mineralization continues at the Discovery zone downdip as well as along strike.

Nevada Zinc Corp. (TSXV:NZN) announced that further Phase 3 drill results show that zinc mineralization continues at the Discovery zone downdip as well as along strike. The Discovery zone is located at the company’s Nevada-based Lone Mountain project.
As quoted in the press release:

Highlight drill hole LM-15-36 intersected very significant high grade zinc and lead mineralization averaging 9.49% zinc and 1.34% lead over a 91.44 metre (300 foot) interval. Drill hole LM-15-36 hole was drilled to intersect the deeper extension of the broad zone of mineralization recently reported in drill hole LM-15-27 (press release June 1, 2015) and is now the deepest hole drilled on the Discovery Zone which still remains open to expansion down dip from this location as well as in both directions along strike.

Other highlights include:

  • Drill hole LM-15-33 (-75 degrees) intersected zinc-lead mineralization from 146.30 to 152.40 metres, an interval of 6.10 metres that averaged 2.71% zinc and 0.41% lead (3.12% zinc+lead).
  •  Drill hole LM-15-34 (-65 degrees) intersected zinc-lead mineralization from 128.02 to 144.78 metres, an interval of 16.76 metres that averaged 4.20% zinc and 1.76% lead (5.96% zinc+lead).
  • Drill hole LM-15-36 (-81 degrees) intersected a 91.44 metre zone of high grade zinc and lead mineralization in the interval from 146.30 to 237.74 metres that  averaged 9.49% zinc and  1.34% lead (10.83% zinc+lead).
  • Drill hole LM-15-36 included a very high grade interval of 22.84% zinc and 2.64% lead (25.48% zinc+lead) over an interval of 21.34 metres within the above noted broad zone of mineralization.
  • The Phase 3 drill program results expand the footprint of the Discovery Zone mineralization of mineralization up-dip, down-dip as well as along strike in both directions from the discovery first reported in the Company’s press release dated November 19, 2014.
  • Drill holes completed in the first three phases of drilling define an area of mineralization over a 180 metre strike length, over a dip length of up to 250 metres and that averages approximately 40 metres in thickness (varying from a few metres to more than 100 metres). Mineralization at the Discovery area remains open to further expansion including in the area beyond the hole 27 and 36 intersections, which intersected the thickest intervals and highest overall grades to date.
  • Plans are underway for a Phase 4 drilling program that will commence once BLM surface disturbance approval is received.

Bruce Durham, president and CEO of Nevada Zinc, commented:

We continue to intersect long intervals of high grade zinc lead mineralization and also expand the overall footprint of the Discovery Zone. Importantly there is no drilling beyond the long high grade interval intersected in drill hole LM-15-36 so the ultimate dimensions of the Discovery Zone remain open to further significant expansion.

Click here to read the full Nevada Zinc Corp. (TSXV:NZN) press release.

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