Nevada Zinc Corp. [NZN-TSXV; GDSKF-OTC] has reported assay results for the first two drill holes from its ongoing drill program on the 100%-owned Lone Mountain zinc project located near Eureka, Nevada. The results reported are for only two holes completed on one horizon and are the first results from a program of more than 20 drill holes to be drilled at the historic Mountain View Mine property.
Bruce Durham, P.Geo, President and CEO, said, “Drilling in the very shallow near surface portion of one of the zinc targets shows strong zinc mineralization within 28 metres or 100 feet of surface. The mineralization is hosted in brecciated and structurally prepared carbonate rocks similar to the areas we tested in our earlier work farther to the west. Drilling is proceeding and it is heartening to see strong zinc mineralization at this location near the western boundary of the Mountain View Mine property and at such a shallow depth. It will be interesting to see what we intersect elsewhere on this and other zinc zones we are testing across the Mountain View property.”
Assays are available for the first two holes at this time with results from 20 additional holes expected in the coming weeks. The first two holes were drilled from the same drill pad with a separation of approximately 50 metres (165 ft.) on the zinc mineralized zone. The holes were located near the west boundary of the Mountain View Mine property.
Hole LM-16-37 (-90 degrees) intersected zinc mineralization at a vertical depth of 68.6 metres (225 ft.) A 4.57-metre (15 ft.) interval from 68.58 to 73.15 metres (225-240 ft.) averaged 4.45% zinc.
Hole LM-16-38 (-45 degrees) intersected zinc mineralization at a vertical depth of 28 metres (92 ft.). A 24.38-metre (80 ft.) interval from 41.15 to 65.53 metres (135-215 ft.) averaged 7.7% zinc.
The zinc target tested in these short drill holes is one of two or more zinc zones in the area near some historic small scale mining on the Mountain View mine property that occurred nearly 50 years ago. That mining was apparently focused on narrow high-grade zinc rich fractures with the material hand sorted and direct shipped to a smelter for processing.
Additional drill holes are planned for this target and other nearby targets as part of a program to delineate near surface zinc mineralization that could potentially be mined using open pit mining methods.