Nevada Zinc Reports Zinc Mineralization Over 200 Meters from Previous Drilling

Nevada Zinc Corp. (TSXV:NZN) announced that Phase 2 drilling at its Lone Mountain property intersected “significant zinc mineralization” in an area that is over 200 meters from any drilling reported so far. Phase 3 drilling is set to start in a week.

The company recently changed its name to Nevada Zinc from Goldspike Exploration.

As quoted in the press release:

The significant zinc mineralization in the drill holes is projected to correlate directly with the location of a 1400 metre long surface zinc geochemical anomaly on the Property in Eureka County, Nevada.  The Company has now received BLM drilling authorization for drilling in new areas and will commence Phase 3 drilling at various Property sites this month.

Highlight include:

• Drill hole LM-15-16 (-45 degrees) intersected zinc mineralization that averaged 11.05% zinc over a 10.67 metre (35 foot) interval at a vertical depth of only 25 metres.
•   Drill hole LM-15-17 (-90 degrees) intersected the same mineralized system with zinc mineralization averaging 3.04% over 22.86 metres (75 feet) including a higher grade interval averaging 5.21% zinc over an interval of 12.19 metres (40 feet).
• Drill hole LM-15-18 (-66 degrees) intersected the widest interval of mineralization and averaged 6.14% zinc over a hole length of 47.25 metres (155 feet), including a high grade interval of 18.32% zinc over a 6.1 metres (20 feet).
• The assay results from the Phase 1 and early Phase 2 drill holes indicate the presence of intervals of significant zinc-lead mineralization up-dip and to the northwest and southeast of the discovery first reported in the Company’s press release dated November 19, 2014 and now at a location some 200 metres to the southeast.
• A strong coherent zinc in soil anomaly accompanies the up-dip projection of the mineralization for a minimum 1400 metre length parallel to stratigraphy.
• The mineralization at this latest location is almost entirely zinc. This style of mineralization correlates with the findings of the geochem survey results in that the 1400 metre long geochem target has high coherent zinc values with weak lead values.
• The next drill program will begin to test for the presence of zinc mineralization in association with the well-defined geochem anomaly.

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

These latest drill results, more than 200 metres along strike from previously released assay results, considerably expand the footprint of the Company’s discovery and definitely shows that there is more than one area of zinc mineralization on the Property.  We have discovered this mineralization near surface and very close to the 1400 metre long soil geochem anomaly which gives us confidence that we will discover more zinc mineralization by targeting this anomaly with the Phase 3 drill program scheduled to start next week.

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