Zincore Takes Another Step Towards Pre-Feasibility With Start of Yanque In-Fill Drilling
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/19/11 -- Zincore Metals Inc. (TSX: ZNC)(BVLAC: ZNC) ('Zincore' or the 'Company') is pleased to report that it has commenced an in-fill drilling program at its Yanque project, part of the Company's Accha Zinc Oxide District in southern Peru.
Zincore President and CEO, Jorge Benavides, commented, 'Beginning the Yanque in-fill drilling program is a very important step in our march towards achieving pre-feasibility for the Accha Zinc Oxide District. We had tremendous success with a similar in-fill drilling program at our Accha project, located 30 kilometres to the north. We hope to gain similar information about Yanque and use this intelligence to develop a mine plan where a single facility could process zinc ores from both Yanque and Accha, as well as nine other District prospects. Being able to selectively mine the higher grades of ore from both Accha and Yanque would significantly enhance the economics of the Accha Zinc Oxide District project.'
The Yanque drill program will comprise approximately 10,000 metres and is intended to upgrade known Inferred Resources to Indicated. It is also expected that the drilling will better define the high grade portions of the Yanque ore body so that it may be selectively mined. After the drill program is completed, a new model of the deposit will be generated and a new 43-101 Technical Report will be issued.
(i)For more information about our recent Accha in-drill program, please see our news releases from 2010 dated December 7th, November 4th, October 6th and September 15th.
About Zincore
Zincore is a Vancouver-based mineral exploration company focused mainly on zinc and related base metal opportunities in the Americas, namely Peru, Mexico and Canada. The Company's common shares trade on both the Toronto and Lima Stock Exchanges under the symbol ZNC. For more information, please see our website at www.zincoremetals.com.
Forward-looking Statements: Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors disclosed under the heading 'Risk Factors' and elsewhere in the Annual Information Form of Zincore dated March 12, 2010 which is filed with Canadian securities regulatory authorities and available on SEDAR (www.sedar.com). In particular, investors are cautioned not to assume that any part or all of the Accha or Yanque deposits will ever become a mine. Such information contained herein represents management's best judgment as of the date hereof based on information currently available.
Contacts:
Zincore Metals Inc.
Adam Ho
Manager, Investor Relations
(604) 669-6611
(604) 669-6616 (FAX)
aho@zincoremetals.com
www.zincoremetals.com