Zinccorp Resources Expands Michelle Property and Adds Second Drill
Thursday, August 14th 2008
Zinccorp Resources Inc. announce that drilling is progressing well at its wholly owned Michelle property in central Yukon and that the property has again been enlarged in response to new discoveries made by its crews.
Initial drill results are very encouraging and a second drill has just been moved to the property. The first drill is focusing on the Peak Showing while the second drill will resume exploration at the Gully Showing, which has already produced significant intersections including 7.94 m that averaged 22.72% zinc, 17.38% lead and 510.7 g/t silver.
The Peak Showing is hosted in an easterly trending fault and the Gully Showing in a northerly trending structure. Drill intersects exceeding 15 m in length have been returned from both zones. The surface mineralization and soil geochemical anomalies associated with each of these zones have been traced for about 600 m along strike and are still open to extension.
Geological mapping has shown that mineralization at the Michelle property can be categorized as Mississippi Valley Type (MVT). Deposits of this type have been important producers of zinc and lead in Canada (Pine Point, Nanisivik and Polaris Mines). Typically, this mineralization occurs in a number of nearby zones that collectively comprise the MVT district. Prospecting at the Michelle property has now identified 11 separate zones spread over a 12 km long belt. Additional prospecting and silt and soil geochemical surveys, which are currently in progress, are expected to identify more zones in the next few weeks. The property has been significantly expanded to cover known areas of anomalous geochemical response and newly discovered showings. It now totals 427 contiguous claims encompassing an area of 80 sq/km (see map of Michelle Property below).
MVT deposits usually exhibit a combination of structural and stratigraphic controls. At the Michelle property, easterly trending fracture/breccia zones are developed along faults that appear to have seen significant displacement. Secondary faults are found adjacent to these main structures. They have northerly strikes and are extensional in nature. Both fault sets acted as channelways for mineralizing fluids. Where the faults cross permeable and/or chemically reactive horizons, fluids moved locally into the surrounding wallrocks to form stratabound mineralization.
The 2008 drill program is designed to determine the orientation, continuity and grades of the Peak and Gully Showings and to identify stratigraphic horizons where particularly rich mineralization is likely to occur within them. Information gained from this program will then be used to delineate these zones and evaluate other zones elsewhere in this highly prospective MVT district.
Zinccorp Resources Inc., a member of the Hughes Exploration Group of companies, is a newly formed, tightly held junior mineral exploration company. The company is focused on the discovery of large zinc-rich deposits in Yukon Territory, Canada. It recently acquired 100% interest in four highly prospective properties from Strategic Metals Ltd. and is currently drilling the Michelle, located approximately 15 km east of the Dempster Highway.
