|Zinco Mining Corporation ("Zinco" or "the Company") is a Toronto Venture exchange listed mineral exploration company. It owns 100% of the mineral rights to its Cuale Volcanogenic Massive Sulfide (VMS) Project in Jalisco, Mexico. The Project is in a well-established mining camp with a history of mining and mineral exploration dating back to 1804, and was previously operated by a subsidiary of Industrias Peñoles (1980's), the largest base metal mining company in Mexico. The Property includes 10 past-producing polymetallic VMS deposits and 44 unexploited mineral prospects.
On the Property, VMS deposits occur in the Ore Horizon, a sedimentary rock layer of black-shales intercalated with rhyolite tuffs and zinc-rich massive sulfides on the order of 200 m thick that occurs between the lower rhyolite cryptodome and the upper rhyolite flows of the Cuale Volcanic Sequence (CVS; Bissig et al., 2008). While previous operators focused on mining and exploring exposed (eroded) areas of the Ore Horizon, Zinco has successfully located some of the best zinc grades on the Property under the upper rhyolite flow as it: (i) probably formed an aquitard that trapped mineralizing fluids in receptive sediments at the time of ore deposit formation, and (ii) it protected the Ore Horizon from erosion after the CVS was uplifted from the seafloor onto the Mexican continent in the Late Cretaceous and Tertiary. Specifically drill hole ZIM46 has returned values of up to 21.3% Zn, 11.4% Pb, 0.6% Cu, 72 g/t Ag and 0.34 g/t Au across 1 m from zinc-rich sediments trapped under this rhyolite flow. Subsequent to drilling this hole, Zinco acquired the mining concessions down-dip of this mineralization. The down-dip direction is known to be northeast based on a three point solution of the contact with the rhyolite flow with the underlying Ore Horizon in drill holes ZIM45, 46 and 47.
Zinco's value proposition to its investors is to: (i) start defining a zinc-rich resource by drilling 1725 meters in six holes down-dip of the known intercept of ZIM46 at Jesus Maria, (ii) explore the full potential of the Ore Horizon by drilling at least one of these holes to the lower rhyolite cryptodome, and perhaps others if results from this test are positive (1000 m of unallocated meters are planned for this), and (iii) explore the Ore Horizon south of Jesus Maria by drilling between Talpas, San Antoñio and San Rafael with 1235 m in 3 holes. A total of 3960 m of drilling are planned.
Senior management comprises an experienced group of mining industry professionals. By acquiring previously producing mines, Zinco plans for growth by operating focused drill programs on its most compelling targets. This allows the company to mitigate risk while exposing shareholders to the upside of discovery.
Production figures for past-producing mines on Zinco's Jalisco VMS Project
* Hall, B.V., and Gomez-Torres, P.P., 2000a, Geology of the Kuroko-type massive sulphide deposits of the Cuale district, Jalisco state, Mexico: in Sherlock, R. and Logan, M.A.V. eds., VMS Deposits of Latin America: Geological Association of Canada, Mineral Deposits Division Special Publication No. 2, p. 141-161.
Information in this website is only for the reader's general knowledge. Information provided is not intended to be a comprehensive review of all matters and developments concerning Zinco, and Zinco assumes no responsibility as to its completeness or accuracy. The information should not be construed or interpreted as (or part of) an offering of (or solicitation for) securities. No securities commission or other regulatory authority in Canada--or any other country or jurisdiction--has passed judgment upon this information and no representation or warranty is made by Zinco to that effect.
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