Zinccorp Resources Inc.
TSX VENTURE: ZN
Apr 07, 2011 09:01 ETZinccorp Options ET Claims in the Mayo Mining District in Yukon
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 7, 2011) - ZINCCORP RESOURCES INC. (TSX VENTURE:ZN) -
Highlights
The proven hand auger soil sampling technique has returned highly anomalous gold values of 189 ppb Au.
Soil anomalies are very comparable to gold-in-soil anomalies of White Gold and Coffee projects in the White gold district of Yukon.
Five N-S trends anomalous for gold have been identified and open.
All eight silt samples taken were anomalous in gold- 5 of 8 sample assays ran from 1550ppb Au to 5770 pbb Au. The gold is thought to be of local origin.
Most of the economic placer gold bar deposits on the Stewart River area are found downstream of this location.
Claims are Two-wheel accessible through an all season highway.
Power line goes through the claims.
is pleased to announce optioning ET claims in the Mayo Mining district of Yukon. The company will earn the 100% by paying the vendor $75,000 cash, $75,000 worth of shares over 4 years and a work commitment of $75,000 by the Year 2 anniversary. The vendor will retain a NSR of 2.5% with an option to purchase 1% for $1,000,000.
The ET claims are located 24km northeast of Stewart Crossing in the Mayo Mining District, N.T.S. 115 P/8, 9, Yukon. The claims can be accessed by a two-wheel drive Silver Trail Highway, an all season road. The Mayo / Dawson City power line goes through the claims. Please refer to the location map.
(To see the location map and the soil lines location map please visit the following link: http://media3.marketwire.com/docs/zni407.pdf)
The claims were staked in 1998 by Yukon prospector J.P. Ross. Since then, seasonal work including traditional hand-auger soil sampling has resulted in five North-South trends anomalous for gold. The total historic work till 2005 includes 346 hand-auger soil samples (Reference: Yukon Geologica Survey, Assessment Report #094435). The results of the traditional hand-auger soil sampling work are tabulated below.
Traditional Hand-Auger Soil Sampling Results (2002-2005)
Gold in Soil (ppb) Number of Samples Percentile
100 ppb Au - 184 ppb Au 10 97%
50 ppb Au - 99 ppb Au 27 90%
25 ppb Au – 49 ppb Au 33 89%
10 ppb Au – 24 ppb Au 38 70%
9 ppb Au or less 238 80%
Please refer to the soil lines location map.
In 1999, 8 silt samples were taken from 3 streams. All were highly anomalous from 175 ppb Au to2550 ppb Au (-80 mesh). The samples were re-done at -200 mesh and 5 of 8 ran from 1550 ppb Au to 5770 ppb Au (Reference Yukon Geological Survey - MINFILE#: 115P 042).
The company is planning on a follow-up work to expand on the soil survey followed by geophysics, detail geological mapping and trenching to define drill targets. Roger MacDonald (P.Geo) has reviewed this news release.
About Zinccorp Resources:
Zinccorp has a strategic land position in the Destor-Porcupine-Fault zone of West Timmins area. The company has also positioned itself in the Yukon by acquiring other projects and developing its Michelle project where previous drilling has intersected 309 g/t Silver, 16.76% Zn, & 8.8% Pb over 18.29m width.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
For more information, please contact
Zinccorp Resources Inc.
Alan Campbell
(604) 685-2222
or
Zinccorp Resources Inc.
Kevin Hull
(604) 685-2222
info@zinc-corp.com
www.zinccorpresources.com
