High-Grade Zinc Oxide Projects in Peru
Zinc One Resources Inc. (TSXV:Z, OTC:ZZZOF; Frankfurt:RH33 – “Zinc One” or the “Company”) is a mineral exploration and development company focused on acquiring, exploring and developing zinc projects in strong mining jurisdictions. Zinc One’s key assets are the past-producing Bongará zinc mine and the neighboring Charlotte Bongará zinc oxide projects, both situated in the mining-friendly jurisdiction of Peru. The company is focused on achieving near-term cash flow from the Bongará mine and advancing the Charlotte Bongará project while acquiring other advanced zinc assets.
The Bongará Zinc Mine is counted among the world’s highest-grade zinc deposits. The mine was in production from 2007 to 2008, but was shut down due to the global financial crisis, resulting in a drop in zinc prices. Bongará produced zinc grades greater than 20 percent from at or near surface and achieved recoveries over 90 percent. The Charlotte Bongará project has excellent exploration potential with multiple near-surface, high-grade drill intercepts of zinc oxides.
- Among a select few new zinc companies with near-term production potential.
- Past production record at Bongara zinc mine shows a greater than 90 percent recovery rate.