Zinc One Resources has discovered a new high-grade zinc deposit in the Mina Chica zone of the Bongara zinc mine project, located in north-central Peru.

The discovery underlines the potential upward scalability of the project and was made during drilling works at Mina Chica, which targeted several areas of known high-grade zinc mineralisation.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Zinc One announced the latest discovery on the basis of additional high-grade results with substantial vertical thicknesses at Mina Chica.

"Our drilling results have clearly demonstrated that the high-grade zinc mineralisation forms a contiguous body, whose vertical thickness is beyond our previous expectations."

The discovery is expected to be included in the project’s upcoming resource estimate.

The company has reported assays for only 18 of the 50 holes drilled at the zone to date.

Zinc is expected to release the data for the remaining 32 holes after the assays results have been received, checked and compiled.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Zinc One Resources COO Bill Williams said: “The confirmation of the discovery of a new high-grade zinc deposit at Mina Chica marks an exciting turn of events for the Bongará Zinc Mine project.

“Our drilling results have clearly demonstrated that the high-grade zinc mineralisation forms a contiguous body, whose vertical thickness is beyond our previous expectations.

“Furthermore, zinc mineralisation has been encountered in nearly every hole drilled to date and we look forward to reporting the assays from these holes so that the magnitude of the zinc in this deposit can be properly quantified.”

New intercepts include 19.8m of 46.8% zinc and 49.5m of 38.7% zinc.

Mina Chica is primarily known for high-grade, near-surface zinc-oxide mineralisation, which comprises zinc oxides, carbonates and silicates hosted by soils, highly weathered carbonates and fine to coarse grained dolomites.