Zinccorp Resources Inc. Announces Exploration Plans for West Timmins Properties
posted on
Feb 04, 2010 11:40AM
6 Properties in Timmins West north of the Destor-Porcupine Fault
Zinccorp Resources Inc. (TSX VENTURE: ZN) (the 'Company') is pleased to provide an update on a number of recently acquired mineral properties, primarily gold, located west of Timmins along the Destor-Porcupine Fault Zone.
To view a map highlighting the Company's projects along the Destor-Porcupine Fault Zone (DPFZ) please click on the following link (if the link does not work cut and paste it into the location bar of your browser):
http://www.brmstatpack.com/lt/1001/1052/zinccorp-resources-map-of-west- timmins-properties
Denton Gold Project:
The Company has acquired two claims adjoining and immediately to the west of the Nebu Resources project where Nebu recently reported a diamond drill hole intercept of 63.22 g/t gold over 7.5 meters within sulphide rich quartz vein material. The quartz carbonate veins are hosted within mafic volcanics in a structure parallel to a contact between mafic metavolcanics and a quartz diorite intrusive.
Zinccorp plans to investigate the continuation of this structure to the immediate west of Nebu's recent findings and delineate the gold bearing structures through ground geophysics, geochemical sampling and possible follow up drilling.
Crest Lake Gold Project:
The Crest Lake project lies within south central Keefer Township approximately 2.2 kilometers west of where RT Minerals Corp. is currently drilling on their Golden property, which is contiguous to the southwest land holdings of Lakeshore Gold.
Past trenching on the southeast tip of Crest Lake exposed mafic flows and pyroclastics in contact with a granodiorite and produced a grab sample assaying .04 oz/t Au. Soil sampling south of Crest Lake also produced gold anomalies in excess of 10,000 ppb. A VLF geophysical survey suggests a structure transecting the central portion of Crest Lake which may be a continuation of the PDFZ and a northwest southeast trending fault has been determined on the eastern portion of Crest Lake.
Zinccorp geologists plan to investigate this prospective area with an IP geophysical survey to delineate potential drill targets. Further follow up work including a geochemical survey may be warranted to help determine drill targets.
Whitesides-Carscallen Property:
The property lies in Whitesides Township immediately west of Carscallen Township where Melkior Resources has focused drilling on north-south structures which have intersected gold bearing structures in four zones over a strike length of 950 meters.
The property hosts a belt of mafic metavolcanics sandwiched between mafic to ultramafic intrusives to the north and granodiorites to the south. Major northwest southeast trending structures also occur within this favourable stratigraphy. The property has been previously explored for nickel-copper l within the gabbros in the north. A historical gold occurrence is situated to the west of the property within the mafic metavolcanic belt. A program of linecutting and IP and mag geophysics is currently underway within the mafic volcanics to identify potential drill targets.
Rock sampling by the company in the fall of 2009, southwest of Bean Lake returned assays of 0.40 % Ni and 1.06 % Cu and 0.20% Ni and 1.68% Cu from two grab samples within a gabbroic sill. Prospecting, trenching and stripping in this area will be initiated in the summer.
The Company also wishes to announce an amendment to the closing of a private placement previously announced December 18, 2009, amended on December 29, 2009 and closed on January 13, 2010. The total number of units is 22,566,647 for total proceeds of $1,918,000.
Kevin Montgomery, P.Geo. is the project supervisor and has reviewed and approved the technical contents of the press release. Peter Caldbick, P.Geo. and Mr. Montgomery are the qualified persons for the purposes of National Instrument 43-101 for the Company's West Timmins projects.
About Zinccorp Resources Inc:
Zinccorp Resources Inc., a member of the Hughes Exploration Group of companies, is a recently formed, tightly held junior mineral exploration company. The Company had a zinc/lead/silver discovery on the Michelle Property, one of its four highly prospective properties in Yukon, Canada in 2007. Zinccorp Resources Inc. has now expanded its exploration venture into the prolific Timmins / Larder Lake mining camp adding a new gold dimension to its exploration portfolio.
Please visit Zinccorp's web-site www.zinc-corp.com to learn more about the Michelle and other exciting Zinccorp projects and sign up to receive upcoming Zinccorp news.
The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contacts: Zinccorp Resources Inc. Kevin Hull or Alan Campbell Investor Relations (604) 685-2222 (604) 685-3764 (FAX) [email protected] www.zinc-corp.com
SOURCE: Zinccorp Resources Inc.
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