Initial Resource Estimate Announced for Cristal Deposit in Peru

Rio Cristal Resources Corporation (TSXV:RCZ) announced the first independent National Instrument 43-101-compliant resource estimate for its Cristal zinc oxide deposit at its Bongará Property in Northern Peru.

As quoted in the press release:

With the exception of two scout holes drilled in 2011 from one platform at the San Jose Project, about 12 km southwest of Cristal, drilling was entirely confined to Cristal and Charlita, with about 75% drilled at Cristal. Both zones are underlain by dolomitized limestone of the Condorsinga Formation and are considered to be Mississippi-Valley-Type deposits. So far, drilling has identified relatively low-grade zinc mineralization at the Charlita Project (2% to 6% zinc across intervals of up to 6.9 meters in 6 of 15 holes). At the Cristal Project, significant mineralization (up to 26% Zn across 23 meters) was intersected in about half of the holes drilled.

Rio Cristal President and CEO, Thomas Findley, said:

“I am pleased to announce that we have an initial measured and indicated resource at our Cristal Project of 1,273,000 tonnes of zinc oxides grading 7.55% zinc. The resource, based on 9,139 meters of drilling, confirms our belief that our concessions have outstanding potential for significant zinc discoveries. The Company controls 18,413 hectares at Bongará and we have only drilled approximately 3% of that area.”

Click here to read the Rio Cristal Resources Corporation (TSXV:RCZ) press release