Zinc

[Lone Clone]

Zincore Drills 64 Metres Grading 9.7% Zinc at Accha and Initiates Exploration at Yanque
Thursday May 10, 7:15 am ET

http://biz.yahoo.com/iw/070510/0251040.html

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 10, 2007 -- Zincore Metals Inc. (Toronto:ZNC.TO - News) ("Zincore" or "the Company") announces results from the 13 most recent holes drilled at its 100%-owned Accha deposit in Peru. Drilling continues to extend mineralization along strike to the west of the historical mineral resources and infill areas within the high-grade historical mineral resources. Eight of the most recent holes were exploration holes outside of the historical mineral resource areas and five were definition holes within or below the historical mineral resource areas.

The current focus of 20,000-metre exploration drilling program at Accha is to extend zinc mineralization (which is spatially associated with an east-west trending fold structure) along strike to the west. Highlights of the most recent exploration drilling include:

- Hole AC-42 which intersected 64 metres at 9.7% zinc including intervals of 17 metres at 14.5% zinc and 13 metres at 16.7% zinc

- Hole AC-33 which intersected 18 metres at 6.4% zinc

Hole AC-42, which intersected the widest section of ore-grade mineralization drilled to date on the property, was 50 metres west of the previous most westerly drill holes and approximately 100 metres west of the historical mineral resource envelope. Hole AC-33 was an additional 150 metre step-out to the west of hole AC-42, and intersected what is interpreted as the northern edge of the fold structure.

Commenting on the exploration drilling, Zincore's President and CEO Timo Jauristo said: "Hole AC-42 is certainly the highlight of the drilling and demonstrates that wide zones of high-grade mineralization extend to the west. The thickness of the intersection at that grade is an encouraging result. A number of our exploration holes targeted the extension of the fold structure to the north. While these holes intersected mineralization and the favourable alteration, these results combined with results from AC-41 and AC-42 has led to reinterpret the trend of the high-grade mineralization further to the south. We have now commenced step-out drill holes to the south of holes AC-27, AC-32 and AC-39."

Infill drilling continues to upgrade drill density within the historical mineral resource envelope. Highlights of the most recent infill drilling include:

- Hole AC-38 which intersected 15 metres at 9.8% zinc and 24 metres at 18.6% zinc including an interval of 12 metres at 36.0% zinc

- Hole AC-36 which intersected 32 metres at 4.8% zinc from 23 metres including an interval of 6 metres at 18.0% zinc

A total of 44 holes totaling 8,370 meters have been drilled at Accha with three rigs continuing on site. A drill hole location map is available on Zincore's website at www.zincoremetals.com.

At the Yanque deposit, Zincore has signed an agreement with local communities that grants Zincore access to the property to conduct exploration work on the deposit. Yanque, 30 kilometers southwest of the Accha deposit, is the other known deposit within the Accha-Yanque Project and hosts an inferred mineral resource of 6.6 million tonnes grading 5.3% zinc and 3.5% lead. Crews from the local community have already commenced upgrading the access road to the project site. Field work consisting of mapping, trenching and water sampling will begin shortly and applications for drill permits are being prepared. A 10,000-metre drill program is planned for 2007 at the Yanque deposit.

 
 -------------------------------------------------------------------------- 
                             Definition Drill Holes 
 -------------------------------------------------------------------------- 
                      Intersection 
                 ---------------------    Estimated 
 Hole              From             To   True Width        Zinc        Lead 
 No.            (metres)       (metres)     (metres)         (%)         (%) 
 -------------------------------------------------------------------------- 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
 AC-34            256.8          261.8          3.7        5.29        0.55 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
 AC-35                       No significant values 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
 AC-36              6.5           10.9          4.4       11.18        0.83 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
                   22.5           54.4         31.9        4.76        0.07 
 -------------------------------------------------------------------------- 
  including        40.0           46.0          6.0       18.03        0.12 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
                   65.5           77.9         11.7        3.14        0.08 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
                   81.9           90.1          8.5        1.78        0.09 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
 AC-37                       No significant values 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
 AC-38              8.0           22.2         15.2        9.82        1.96 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
                   25.2           35.7         10.5        4.54        0.19 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
                   45.8           71.2         24.4       18.64        0.03 
 -------------------------------------------------------------------------- 
  including        45.8           58.3         12.0       35.98        2.92 
  
  
 -------------------------------------------------------------------------- 
                             Exploration Drill Holes 
 -------------------------------------------------------------------------- 
                      Intersection 
                 ---------------------         Core 
 Hole              From             To     Interval(i)     Zinc        Lead 
 No.            (metres)       (metres)     (metres)         (%)         (%) 
 -------------------------------------------------------------------------- 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
 AC-27                       No significant values 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
 AC-31            198.3          206.3          8.0        2.52        0.50 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
 AC-32                       No significant values 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
 AC-33            361.0          379.4         18.4        6.43        1.25 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
 AC-39                       No significant values 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
 AC-40            255.0          276.0           21        1.21        0.14 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
 AC-41            182.7          204.2         21.5        4.16        0.78 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
 AC-42            128.5          192.8         64.3        9.71        3.23 
 -------------------------------------------------------------------------- 
  including       133.0          138.0          5.0       11.90       18.46 
 -------------------------------------------------------------------------- 
  including       142.0          159.3         17.3       14.53        2.98 
 -------------------------------------------------------------------------- 
  including       165.8          178.8         13.0       16.73        1.84 
 -------------------------------------------------------------------------- 
  
 -------------------------------------------------------------------------- 
                  209.8          212.8          3.0        5.65        0.20 
 -------------------------------------------------------------------------- 
 (i) True widths not currently known 
 

Quality Control

Zincore has implemented a quality control program to ensure best practice in litho geochemical sampling and analysis of rock chips, trench, tunnel and drill core samples.

All drill core samples (approximately one metre, half-core composites) are shipped in security sealed bags via a private trucking company directly to the ALS Peru Laboratories facility in Lima. All samples for the resource drill program are digested using a three acid digestion and analyzed by two packages. Zinc and lead are determined by Atomic Absorption and if the results exceed 30% they are re-assayed by volumetric methods. All samples are also assayed by ICP for 25 elements (also using the three acid digestion for complete dissolution).

The Company submits its own standards and blanks as a measure of the accuracy of the analysis. All pulps and coarse rejects are being recovered and stored. Prior to a new resource calculation, 10% of all samples used in the resource calculation will be re-assayed at a second laboratory using the same analytical techniques described above. Both a re-assay of the pulp and of a new pulp prepared from the coarse reject will be used.

Vernon Arseneau, P.Geo., Exploration Manager, Peru for Zincore is supervising the exploration program and is the qualified person as defined under National Instrument 43-101 for this news release.

About Zincore

Zincore's strategy is to become a leading, low-cost zinc producer with the immediate objective of advancing its 100% owned Accha-Yanque property toward a development decision through a disciplined process of exploration, drilling and resource definition, and technical studies. Zincore holds a portfolio of other zinc exploration properties in southern Peru and intends to pursue additional zinc opportunities elsewhere in Latin America and China.

About the Accha Deposit

The Accha-Yanque property consists of 56 concessions over a 30-kilometre distance in southern Peru. At the north end of the property is the Accha deposit and at the south end is the Yanque deposit. A number of zinc prospects with limited prior exploration occur between these two deposits. A total of 56 holes were completed by Cominco Ltd., Savage Resources Ltd. ("Savage"), and Pasminco Limited ("Pasminco") at the Accha deposit for 13,500 metres.

Savage, and later, Pasminco, which acquired Savage, evaluated Accha between 1998 and 2001. Two historical resource estimates under the AUSIMM JORC standards were calculated for the Accha deposit using differing assumptions. In 1999, Kvaerner Metals ("Kvaerner"), under engagement to Savage calculated an indicated mineral resource of approximately 7.0 million tonnes grading 8.9% zinc and an inferred mineral resource of 1.8 million tonnes grading 8.9% zinc. In 2000, Pasminco calculated an indicated mineral resource of approximately 3.8 million tonnes grading 8.9% zinc and 1.0% lead and an inferred mineral resource of 2.0 million tonnes grading 11.4% zinc and 1.9% lead under more conservative assumptions.

Cautionary Note Regarding Mineral Resource Estimates

The qualified person for the Accha-Yanque technical report is L.D.S. Winter, P.Geo., an independent consulting geologist as defined under NI 43-101. Historical mineral resource estimates have not been reconciled to the mineral resource categories of NI 43-101 and sufficient work has not been done to classify these estimates as current mineral resources. For details on the Accha historical mineral resource estimates and the Yanque current mineral resource estimate, see Zincore's prospectus relating to its IPO dated October 26, 2006, which was filed with Canadian securities regulatory authorities and is available on SEDAR (www.sedar.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 26, 2007 which is filed with Canadian securities regulatory authorities and available on SEDAR (www.sedar.com). Such information contained herein represents management's best judgment as of the date hereof based on information currently available. Zincore does not assume the obligation to update any forward-looking statements.

To view the drill hole location map accompanying this press release, please click on the following link: http://www.ccnmatthews.com/docs/510znc.jpg


Contact:

Contacts:
Zincore Metals Inc.
Meghan Brown
Manager Investor Relations
[phone]
[phone] (FAX)

Zincore Metals Inc.
Greg Martin
Vice President and CFO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: http://www.zincoremetals.com


Source: Zincore Metals Inc.