InZinc's New Anomaly: A Potential Game-Changer for Indy Sedex Project
Generado por agente de IATheodore Quinn
lunes, 24 de febrero de 2025, 9:52 am ET1 min de lectura
TSVT--
InZinc Mining Ltd. (TSXV: IZN) has discovered a new soil anomaly named Hilo at its Indy Sedex project in British Columbia, potentially extending near surface mineralization at the B-9 Zone. This discovery, along with the project's correlation to the Selwyn Basin and the company's strong financial position, has the potential to significantly impact the project's resource size and value.
The Hilo anomaly, located 400m east of the B-9 Zone, suggests the potential eastward continuation of B-9 Zone mineralization. Previous drilling at the B-9 Zone revealed high-grade mineralization, including an intercept of 10.0% zinc and lead with 16.2 g/t silver over 9.9m. The new anomaly is outlined by new soil geochemical sampling, extending over an area of 2.0 km by 350m.
The Indy project has been correlated to the Selwyn Basin, one of the world's largest Sedex zinc-lead-silver-barite belts. This correlation, along with the discovery of extensive barite mineralization at the Keel target, supports the project's geological potential for hosting large, high-grade Sedex deposits similar to those found in the Selwyn Basin.
In addition to the geological implications, the renewed 5-year, 60-drill hole permit and the company's working capital position of approximately $2.0 million as of September 2024 further enhance the project's prospects. The long-term permit allows for a comprehensive exploration program, while the strong cash position enables InZinc to fully-fund exploration activities and maintain a solid financial position.
In summary, the discovery of the Hilo anomaly at the Indy Sedex project has the potential to significantly impact the project's resource size and value. The anomaly's geological implications, the project's correlation to the Selwyn Basin, and the company's strong financial position all contribute to the project's promising outlook. As InZinc continues to explore and develop the Indy project, investors should keep a close eye on this potential game-changer in the zinc-lead-silver-barite space.
InZinc Mining Ltd. (TSXV: IZN) has discovered a new soil anomaly named Hilo at its Indy Sedex project in British Columbia, potentially extending near surface mineralization at the B-9 Zone. This discovery, along with the project's correlation to the Selwyn Basin and the company's strong financial position, has the potential to significantly impact the project's resource size and value.
The Hilo anomaly, located 400m east of the B-9 Zone, suggests the potential eastward continuation of B-9 Zone mineralization. Previous drilling at the B-9 Zone revealed high-grade mineralization, including an intercept of 10.0% zinc and lead with 16.2 g/t silver over 9.9m. The new anomaly is outlined by new soil geochemical sampling, extending over an area of 2.0 km by 350m.
The Indy project has been correlated to the Selwyn Basin, one of the world's largest Sedex zinc-lead-silver-barite belts. This correlation, along with the discovery of extensive barite mineralization at the Keel target, supports the project's geological potential for hosting large, high-grade Sedex deposits similar to those found in the Selwyn Basin.
In addition to the geological implications, the renewed 5-year, 60-drill hole permit and the company's working capital position of approximately $2.0 million as of September 2024 further enhance the project's prospects. The long-term permit allows for a comprehensive exploration program, while the strong cash position enables InZinc to fully-fund exploration activities and maintain a solid financial position.
In summary, the discovery of the Hilo anomaly at the Indy Sedex project has the potential to significantly impact the project's resource size and value. The anomaly's geological implications, the project's correlation to the Selwyn Basin, and the company's strong financial position all contribute to the project's promising outlook. As InZinc continues to explore and develop the Indy project, investors should keep a close eye on this potential game-changer in the zinc-lead-silver-barite space.
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