Zinc One Resources Inc. (ZZZOF)

[douginil]

Zinc One’s Mina Chica zone resource may be ten times larger than expected

Matthew Bohlsen | August 13, 2018

Zinc One Resources Inc. (TSXV: Z) has a key (past producing) asset situated in the mining-friendly jurisdiction of Peru, the world’s 3rd largest producer of Zinc. Encompassing 8,000 hectares, the Bongará Zinc Mine is counted among the world’s highest grade zinc deposits, having produced zinc grades greater than 20 percent, from at or near surface, with recoveries over 90 percent. The mine was in production in 2007/08, then the GFC (no, not Georgia Fried Chicken) and decreasing zinc prices caused the mine to shut down. The previous operator had mined at an average rate of 358 tonnes per day for a total of approximately 25,000 tonnes (55.1 million pounds) of zinc metal in those years. Jim Walchuck, CEO stated: “We don’t know of any other deposit that is out there right now in the world that is mining with these kinds of grades. The Bongará deposit has extreme high zinc grades sitting right at surface. If “translated” to a gold deposit, they will be open pit mining the equivalent of Au 15 g/t. Those kind of grades are rare for underground mining operations and almost unheard of for open pit.”

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