InZinc Mining Ltd. (TSXV: IZN) (“InZinc” or the “Company”) is pleased to outline the 2023 exploration program at the Indy project (100% interest) (“Indy” or the “Project”) located 100 kilometres (km) southeast of Prince George in central British Columbia. The fully-funded, two-phased 2023 program will follow-up on the discovery of nickel-cobalt-copper mineralization intersected in the 2022 drill program and several new geochemical anomalies highlighted in the area as a result of the discovery. The upcoming program will also focus on large, untested zinc targets identified by previous geochemical and geophysical surveys.
Phase 1 will focus on groundwork on five targets – three new nickel-cobalt-copper targets and two zinc targets – in the northern area of the 7 km Main Trend (Figure 1). Groundwork, including soil profiling, sampling, mapping and access requirements, is necessary to further evaluate and prioritize the targets. Phase 2 will drill priority targets outlined in Phase 1 and elsewhere on the property. The Company will commence Phase 1 exploration in mid-June with Phase 2 drilling anticipated in July-August.
Nickel – Cobalt – Copper Targets:
- Keel Red: In 2022 drill hole IB22-020 (news release January 25, 2023), exploring between the Keel and Echo Central geochemical targets, intersected 27.1 metres (m) of buried oxide material starting at 47.3 m downhole and averaging 0.67% zinc and 0.13% nickel. Named Keel Red, the upper part of the core interval (from 47.3 m to 55.0 m) also returned 0.11% copper over 7.8 m. Additionally, the 27.1 m interval returned cobalt content averaging 163 ppm with values up to 962 ppm (0.10%) over a 1 m core length.
- TJ: The new TJ target, located 425 m west of Keel Red, comprises a 500 m long, high contrast (>95 percentile), coincident nickel-cobalt-copper in soil signal.
- Delta Ni: The new Delta Ni target, located 100 m east of the Delta Horizon, comprises a 600 m length of high contrast (>95 percentile), coincident nickel-cobalt-copper in soil signal.
Zinc Targets:
- Echo: The 1.9 km long Echo target is a continuous high contrast, multi-element (Zn, Pb, Ba, +/- As and Cu signatures) soil geochemical anomaly discovered in 2021.
- Delta Horizon: The 1.5 km long Delta Horizon target, a high contrast, multi-element soil geochemical anomaly defined by distinctive Sedex pathfinder elements and rock exposures, was discovered in 2019.
The Company is fully-funded for the planned groundwork and drilling program during 2023. Expenditures are eligible for a 30% rebate under the BC Mineral Exploration Tax Credit (BCMETC).
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