CORRECTION FROM SOURCE - Nevada Zinc: Livingstone Project Potential as Source of Large Gold Nuggets Confirmed by Government Survey

TORONTO, ON / ACCESSWIRE / March 7, 2017 / Nevada Zinc Corporation (NZN.V) (OTC PINK: GDSKF) ("Nevada Zinc" or the "Company") announces that, at the request of IIROC, this document retracts and updates in its entirety the press release disseminated by the Company on March 3, 2017. The Company advises and cautions readers that the retracted disclosure may continue to be found in the public domain and the Company advises readers not to rely on such documents that are hereby superceded by the press release of this date.

The Company is pleased to report that it has correlated several lines of evidence, including a new 2017 government report (Colpron et al, 20171) to define a significant bedrock gold target on its Livingstone gold project ("Livingstone Project") within the Tintina Gold Belt in Yukon. The Company has determined that a strong, steeply west dipping electromagnetic ("EM") conductor, identified in a comprehensive 2017 Yukon Geological Survey study (Colpron et al, 20171) coincides with soil geochemical anomalies identified by Nevada Zinc geologists. The anomaly also coincides with an area that covers the upstream portions of five active placer creeks, known for producing coarse placer gold (Colpron et al, 20171)(Colpron et al, 20162) for which no significant bedrock source has yet been discovered (Colpron et al, 20162). This is also the same area where Nevada Zinc geologists discovered gold values in outcrop that have geochemical indicator elements similar to those in the local placer creek gold nuggets (Stroink, L., 19923).

Bruce Durham, Nevada Zinc President and CEO, commented: "When we first identified Livingstone as a high priority bedrock gold target in 2010, we acquired the best available ground as a starting point for field investigations. Over the past six years our work produced positive results and we expanded our land position repeatedly based on those results. Now we have the targets defined and are ready to drill test some of these high priority targets. No drill holes have been reported in the district to test for the bedrock source of the estimated more than 50,000 ounces of placer gold that has been recovered (Colpron)1 in the Livingstone area. We have identified gold mineralization in bedrock at the head of one of those creeks, Cottoneva Creek, where Colpron1 postulates the placer gold may have originated, clearly identifying this largely overburden covered area as a prime drill target."

Yukon Gold Properties

Nevada Zinc controls a number of land package along the Tintina Gold Belt, a 2,000 kilometre gold district spanning Alaska and Yukon. Nevada Zinc's three priority projects in Yukon are the Livingstone Project, the VIP Project, and the Goodman Project, all in the Tintina Gold Belt. All three are 100% owned, have identified geochemical and geophysical targets, and have never been drilled.

Livingstone Project

The Livingstone Project (156 mineral claims) which covers an area of roughly 14 x 4 kilometres, is located 85 kilometres northeast of Whitehorse, Yukon and is accessible via a winter road and fixed wing aircraft and helicopter. Five west draining creeks, four of which have their headwaters on the Company's property, have produced some very large placer gold nuggets with individual nuggets reportedly weighing as much as 20.5 ounces4 and 39 ounces5 from Livingstone Creek and Summit Creek respectively (link to nugget photos). Colpron1 refers to the source of the placer gold as elusive. There has never been a hole drilled to test for gold in bedrock along the project's 14 kilometre length. Recently released 2016 and 2017 Yukon government reports highlight areas on the Company's property as a potential source for the placer gold (Colpron et al1,2). Airborne geophysical surveying, new geological mapping, age dating and interpretation point to the area along the western margin of an extensive felsic intrusion in contact with a strong conductive geophysical zone as an area likely to be a possible source of the placer gold (mostly on the Company's property). The Company has identified gold associated with galena bearing quartz veins in bedrock correlating to the target area identified by Colpron.

Colpron in the abstract for his recent Yukon Government report (Colpron, et al 20171) summarized as follows:

"The Livingstone Creek area, known for its coarse placer gold, is underlain by mid-Paleozoic metasedimentary, metavolcanic and metaplutonic rocks of the Yukon-Tanana terrane. These rocks were penetratively deformed, metamorphosed under high-pressure conditions in the Permian, and retrogressed to amphibolite facies before the Early Jurassic. A new VTEMTM Plus, helicopter-born geophysical survey over the area has helped to enhance the interpretation of the bedrock geology and to identify potential exploration targets. The lithological, geochemical and isotopic characteristics of metavolcanic rocks, as well as Early Mississippian U-Pb dates from two metagranitoid plutons in the Livingstone Creek area are consistent with the regional character of correlative assemblages in the Yukon-Tanana terrane. Mid Permian and Middle Triassic U-Pb dates from two granitic intrusions further constrain the timing of development of transposition foliation in the area. Magnetic anomalies and electromagnetic conductors define potential exploration targets for the source of placer gold in the centre of the Livingstone Creek area."

Much of this newly identified target identified by Colpron lies on land held by the Company. The full report and a presentation of the data (Colpron 2016) have been posted on the Company's website.

The Company has plans to carry out additional work on the Livingstone Project in 2017.

Any references to gold quantities or gold nugget size in this press release is historical in nature and as such could not be verified sufficiently by the Qualified Person.

VIP Project

The VIP Project (837 mineral claims) covers 17 kilometres west along the main structural trend from Goldcorp's recently acquired Coffee gold deposit (total indicated mineral resource of 63.7 million tonnes averaging 1.45 g/t Au for 2,968,000 ounces of contained gold, and a total inferred mineral resource of 52.4 million tonnes at an average grade of 1.31 g/t Au for 2,212,000 ounces of contained gold6) at a cost of approximately $520 million. The VIP Project contains the East Big Creek target, a 700 metre long northwest trending gold-in-soil and pathfinder element geochemical anomaly that remains untested and open in both directions along strike. The anomaly is up to 250 metres wide. An extensive, prominent magnetic low in airborne magnetic data defines a northwest trending structure directly associated with the East Big Creek target that remains open ended and unexplored along trend for several kilometres.

Goodman Project

The Goodman Project (379 mineral claims) covers 20 kilometres of favourable stratigraphy located along the projection of the Potato Hills Trend and immediately southwest of Victoria Gold's Eagle Gold Deposit (222,193,578 tonnes indicated mineral resource grading 0.68 g/t Au containing 4,992,821 ounces gold and 77,930,767 tonnes inferred mineral resource grading 0.60 g/t Au containing 1,578,707 ounces gold7). The Goodman Project covers the upper reaches of at least five current or historic placer creeks for which there is no known source for the gold. A recent Company airborne magnetic survey clearly outlines a 5 x 1.5 kilometre elongate felsic intrusion (termed the Murphy Intrusion) similar to the host felsic intrusion at the Eagle Gold Deposit. This magnetic anomaly correlates with numerous geochemical anomalies, particularly an extensive, prominent magnetic low in the airborne magnetic data along the southeast margin of the Murphy Intrusion that may reflect strong alteration, possibly the result of gold mineralizing fluids.

Bruce Durham (P.Geo), President and Chief Executive Officer of Nevada Zinc, is a Qualified Person, as the term is defined in Canadian regulatory guidelines under National Instrument 43-101, and has read and approved the technical information contained in this press release.

Early exploration activities and results are preliminary in nature and not conclusive evidence of the likelihood of a mineral deposit.

References

1Colpron, M., Carr, S., Hildes, D. and Piercey, S., 2017. Geophysical, geochemical and geochronological constraints on the geology and mineral potential of the Livingstone Creek area, south-central Yukon (NTS 105E/8). In: Yukon Exploration and Geology 2016, K.E. MacFarlane and L.H. Weston (eds.), Yukon Geological Survey, p. 47-86.

2M. Colpron, D. Hildes, S. Casselman, J. Bond, 2016. Geophysical constraints on the geology and mineral potential of the Livingstone Creek area, south-central Yukon

3Stroink, L. and Friedrich, G., 1992. Gold-sulphide quartz veins in metamorphic rocks as a possible source for placer gold in the Livingstone Creek area, Yukon Territory, Canada. In: Yukon Geology, vol. 3, Yukon Geological Survey, p. 87-98.

4Whitehorse Daily Star; July 26, 1974 $6000 Gold Nugget Found Near City

5 Lindsay, Mark, 2006. LIV Assessment Report Livingstone Creek Area Yukon Territory Yukon Mining Recorder Assessment file 094603

6Kaminak Gold Corporation press release January 6, 2016

7Victoria Gold Corp, MDA dated June 22, 2012 SEDAR

Note: The referenced materials referred to above by Colpron et al from 2016 and 2017 will be posted on the Company's website.

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven management team focused on identifying unique mineral exploration opportunities that can provide significant value to its shareholders. The Company's existing zinc and gold projects are located in Nevada and Yukon, respectively.

Nevada Zinc cordially invites everyone to meet with its management in the Investors Exchange during the upcoming Prospectors and Developers annual conference in Toronto. We look forward to discussing the progress of the Company at booth #2215 on Tuesday March 7, 2017 and Wednesday March 8, 2017. Registration to attend the Investor's Exchange is free.

For further information, contact:

Nevada Zinc Corporation
Suite 1660, 141 Adelaide St. 
West Toronto, Ontario M5H 3L5
Tel: 416-504-8821

Bruce Durham, President and CEO
bdurham@nevadazinc.com
www.nevadazinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

NEVADA ZINC LIVINGSTONE PROJECT POTENTIAL AS SOURCE OF LARGE GOLD NUGGETS CONFIRMED BY GOVERNMENT SURVEY

Toronto, Canada, March 3, 2017 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX‐V: NZN) is pleased to report that it has correlated several lines of evidence to define a significant bedrock gold target on its Livingstone gold property within the Tintina Gold Belt in Yukon. The Company has determined that a strong, steeply dipping EM conductor, identified in a comprehensive 2016 Yukon Geological Survey geophysics study, coincides with soil geochemical anomalies identified by Nevada Zinc geologists. The anomaly also coincides with an area that covers the upstream portions of five active placer creeks where some of the largest placer gold nuggets in Yukon history have been recovered and for which no significant bedrock source has yet been discovered. This is also the same area where Nevada Zinc geologists discovered gold in outcrop that has geochemical indicator elements similar to those in the placer nuggets. 

Bruce Durham, Nevada Zinc President and CEO, commented, “when we first identified Livingstone as a high priority bedrock gold target in 2010, we acquired the best available ground as a starting point for field investigations. Over the past 6 years our work produced positive results and we expanded our land position repeatedly based on those results. Now we have the targets defined and are ready to drill test some of these high priority targets. It is hard to believe there has never been a single drill hole completed in the entire district to test for the bedrock source of all those large gold nuggets. For more than 100 years placer miners have been recovering large gold nuggets from five creeks that drain westerly through our property. Finding gold in bedrock at the head of one of those creeks, where the new work postulates the gold originated, clearly identifies this largely overburden covered area as a prime drill location”.

 

Yukon Gold Properties

Nevada Zinc controls a large land package along the Tintina Gold Belt, a 2,000 kilometre gold district spanning Alaska and Yukon and hosting well over 100 million ounces of gold. Nevada Zinc’s three priority projects in Yukon are Livingstone, VIP and Goodman. All three are 100% owned, have identified geochemical and geophysical targets, and have never been drilled. 

 

Livingstone

The Livingstone Project (156 mineral claims) which covers an area of roughly 14 x 4 kilometres, is located 85 kilometres northeast of Whitehorse, Yukon and is accessible via a winter road and fixed wing aircraft. Five west draining creeks, four of which have their headwaters on the Company’s property, have produced some of the largest placer gold nuggets in Yukon since the original Klondike gold rush with individual gold nuggets weighing as much as 39 ounces (link to nugget photos). There has never been a hole drilled to test for gold in bedrock along the project’s 14 kilometre length. Recently released 2016 Yukon government reports highlight areas on the Company’s property as a potential source for these gold nuggets. Airborne geophysical surveying, new geological mapping, age dating and interpretation point to the area along the western margin of an extensive felsic intrusion in contact with a strong conductive geophysical zone as an area likely to be a source of the large nuggets. That a recently identified gold discovery assaying up to 10 g/t gold correlates to that exact area is a testament to their interpretation and the potential for the Livingstone Project to host significant gold in bedrock.

 

VIP

The VIP Project (837 mineral claims) covers 17 kilometres west along the main structural trend from Goldcorp’s recently acquired five million ounce Coffee gold deposit at a cost of approximately $520 million. The VIP property contains the East Big Creek target, a 700 metre long northwest trending gold-in-soil and pathfinder element geochemical anomaly that remains untested and open in both directions along strike. The anomaly is up to 250 metres wide. An extensive, prominent magnetic low in airborne magnetic data defines a northwest trending structure directly associated with the East Big Creek target.

 

Goodman

The Goodman Project (379 mineral claims) covers 20 kilometres of favourable stratigraphy located along the projection of the Potato Hills Trend and immediately southwest of Victoria Gold’s six million ounce Eagle Gold Deposit. It covers the upper reaches of at least five current or historic placer creeks for which there is no known source for the gold. A recent airborne magnetic survey clearly outlines a 5 x 1.5 kilometre elongate felsic intrusion (termed the Murphy Intrusion) similar to the host felsic intrusion at the Eagle Gold Deposit. This magnetic anomaly correlates with numerous geochemical anomalies. An extensive, prominent magnetic low in the airborne magnetic data along the southeast margin of the Murphy Intrusion may reflect strong alteration, possibly the result of gold mineralizing fluids.

Bruce Durham (P.Geo), President and Chief Executive Officer of Nevada Zinc, is a Qualified Person, as the term is defined in Canadian regulatory guidelines under National Instrument 43-101, and has read and approved the technical information contained in this press release.  

 

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven management team focused on identifying unique mineral exploration opportunities that can provide significant value to its shareholders. The Company’s existing zinc and gold projects are located in Nevada and Yukon, respectively.

Nevada Zinc cordially invites everyone to meet with its management in the Investors Exchange during the upcoming Prospectors and Developers annual conference in Toronto. We look forward to discussing the progress of the Company at booth #2215 on Tuesday March 7, 2017 and Wednesday March 8, 2017. Registration to attend the Investor’s Exchange is free. 

For further information contact:

Nevada Zinc Corporation

Suite 1660, 141 Adelaide St. West Toronto, Ontario M5H 3L5

Tel: 416‐504‐8821

Bruce Durham, President and CEO bdurham@nevadazinc.com

www.nevadazinc.com

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

 

Nevada Zinc Announces Filing of Technical Report on the Lone Mountain Project

TORONTO, ON / ACCESSWIRE / February 27, 2017 / Nevada Zinc Corporation (NZN.V) ("Nevada Zinc" or the "Company") is pleased to announce that the technical report entitled "Technical Report on the Lone Mountain Property Eureka County, Nevada, USA", and dated February 27, 2017 with an effective date of January 25, 2017 (the "Report"), has been filed and is now available on Nevada Zinc's SEDAR profile at www.sedar.com.

The Report was prepared by P&E Mining Consultants Inc. ("P&E") at the request of Mr. Bruce Durham, President and Chief Executive Officer of the Company. The Qualified persons who prepared the report were David Burga, P.Geo., Fred Brown, P.Geo., and Richard H. Sutcliffe, PhD, P.Geo.

The Lone Mountain Property

The Lone Mountain Property (the "Property") comprises 223 contiguous unpatented lode mining claims and one patented claim covering a total area of approximately 4,400 acres. The Lone Mountain claims are located along the northern edge of Lone Mountain. The Property is approximately 7.5 kilometres north of US Highway 50 and can be accessed by vehicles via an unpaved road extending north from Highway 50. Exploration activities may be conducted year-round. The region supports an active mining workforce with significant resources for mineral exploration, mine development and mine operations.

The historical Mountain View mine, located on the Company's patented claim, is reported to have produced approximately five million pounds of zinc between 1942 and 1964 from oxide-carbonate mineralization. The main structural target on the Property is a soil geochemical anomaly with a minimum 1.4 kilometre strike length and a coincident three kilometre CSAMT geophysical anomaly trending NW from the mine. Nevada Zinc's drilling to-date (12,200 metres in 83 holes) has tested approximately 450 metres of strike length of the target and has intercepted multiple long, shallow, high grade zinc oxide intercepts, such as hole LM15-27 with 9.48% zinc and 0.74% lead over 118.92 metres. Mineralization is located within brecciated Devils Gate Limestone and is thought to be structurally controlled.

All zinc and lead mineralization intersected to-date on the Property is non-sulphide (oxide-carbonate) type mineralization. Dissolution (leach) testing during 2016 demonstrated fast and exceptional recovery of over 99% of the zinc from the mineralized rock. Additionally, dense media separation (DMS) test work indicates that up to 90% of the barren carbonate can be separated from the zinc mineralization, greatly reducing the amount of acid that would be needed to dissolve the zinc. These two processes combined could allow for the production of one or more zinc products on site that could be shipped as market-ready. The Company will continue to evaluate these possibilities.

P&E considers that the Property hosts significant high-grade zinc mineralization and warrants further exploration. P&E recommends that the next exploration phase budgeted at Cdn. $2,996,000 should include additional RC drilling, diamond core drilling, geological mapping, geophysical surveying, geochemical, metallurgical and environmental studies.

Bruce Durham (P.Geo), President and Chief Executive Officer of Nevada Zinc, is a Qualified Person, as the term is defined in Canadian regulatory guidelines under National Instrument 43-101, and has read and approved the technical information contained in this press release.

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven management team focused on identifying unique mineral exploration opportunities that can provide significant value to its shareholders. The Company's existing zinc and gold projects are located in Nevada and Yukon, respectively.

Nevada Zinc cordially invites everyone to meet with its management team in the Investors Exchange during the upcoming Prospectors and Developers annual conference in Toronto. Management looks forward to discussing the progress of the Company at booth #2215 on Tuesday March 7, 2017 and Wednesday March 8, 2017. Registration to attend the Investors Exchange is free.

For further information contact:

Nevada Zinc Corporation

Suite 1660, 141 Adelaide St. West
Toronto, Ontario M5H 3L5
Tel: 416-504-8821

NEVADA ZINC CONTINUES TO INTERSECT NEAR SURFACE ZINC AT LONE MOUNTAIN

Toronto, Canada, February 16, 2017 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is pleased to report drill hole assay results for additional holes from its’ Phase 5 drill program at the Company’s Lone Mountain zinc project(the “Project”). 

The Company’s recently completed Phase 5 exploration program included 24 reverse circulation drill holes, surface geological mapping and prospecting, limited geophysical test work and specific gravity testing of mineralized material.

Nevada Zinc President and CEO, Bruce Durham commented, “the Phase 5 assay results reported today and on January 11, 2017 expand the limits of both the Discovery zone area mineralization and the mineralization near the historic Mountain View Mine. The drill holes were designed to test the limits of the known areas of mineralization. We are encouraged by the results in the Phase 5 holes and we continue to plan for more work on the Project. As an exhibitor at the upcoming Prospectors and Developers annual conference in Toronto, we look forward to discussing the progress of the Company at booth #2215 on Tuesday March 7, 2017 and Wednesday March 8, 2017”.  

 

Highlights

 

  • Drill hole LM 16-77 intersected significant near surfacezinc mineralizationover a 36.58 metre interval from 21.34 metres grading 4.39% zinc and 0.04% lead (4.43% zinc+lead) southwest of the historic mine workings on the Moutain View Mine property.
  • Drill hole LM-16-78 intersected a 10.67 metre interval of zinc mineralization grading 6.42% zinc starting at a downhole depth of only 21.34 metres.
  • The Discovery zone zinc mineralization remains untested at depth to the northeast beyond holes LM-16-63, 64 and 65that were reported January 11, 2017. Drill hole LM-16-64 in that release intersected a broad zone of zinc mineralization from 184.4 metres downhole that averaged 3.99% zinc and 0.21% lead over 53.34 metres, including a 30.48 metre interval that averaged 5.99% zinc. 

 

All zinc and lead mineralization intersected to date on the Project is non-sulphide type mineralization (importantly, the mineralization outlined to date is not a mixture of sulphide and non-sulphide which can complicate the extractive metallurgy process). 

No drilling has yet been completed to test for deeper sulfide mineralization beyond the depths of the drilling completed by Nevada Zinc.

 

Drill Hole Summary Information

 

Note: Hole LM-16-67, 72-76, 79, 81-83 contained no significant results (mostly less than 2% zinc). 

 

True widths are not determinable at this time.

 

 

Sample Preparation and Quality Control

 

Supervision and organization of reverse circulation drilling chip samples was undertaken by Company personnel.  Samples were collected at 5-ft intervals from a rotating wet splitter assembly attached to the drill rig. Chip tray samples werle e collected from the reject side of the wet splitter. The splitter was adjusted to produce 10-20 lbs of sample.  Samples were collected from the drill in cloth bags by employees of New Frontier Drilling under the supervision of Company personnel.  Samples were catalogued by Nevada Zinc geologists and stored in a secure location.  Certified reference standards were placed in the sample stream of each drill hole at random intervals.  Blank material was also inserted at random intervals.

 

Assay Techniques

 

Preparation of the samples was done at the ALS Chemex Elko, NV facility.  A 250 gram master pulp was taken, then splits were sent to ALS’s North Vancouver, BC facility or their Reno, NV facility.  A 48 element package using a 4 acid digestion with ICP-AES and ICP-MS completed on all samples. For lead and zinc values exceeding the limits of the 48 element package (1% zinc or lead), the procedure was to use a 4 acid digestion with ICP-AES or AAS finish (ore grade analysis).  In the case of values exceeding the limits of the ore grade analysis (30% zinc, 20% lead), the procedure was to use specialized titration methods.  

 

Laboratory QA/QC

 

Quality control samples from the lab include numerous control blanks, duplicates and standards. Reference standards used include OREAS-133b, OREAS-134b, OGGeo08, and CZN-4.  No issues were noted with analytical accuracy or precision.  

ALS Chemex’s Reno, Elko, and North Vancouver locations have ISO/IEC 17025:2005 accreditation.

 

Bruce Durham P.Geo, President and CEO of Nevada Zinc, is a Qualified Person, as that term is defined by Canadian regulatory guidelines under National Instrument 43-101, and has read and approved the technical information contained in this press release.

 

The Lone Mountain Project

While the Company maintains its highly prospective Yukon gold properties and continues to advance them, the current focus of the Company is the exploration and advancement of the highly prospective Lone Mountain zinc projectcomprised of 224 claims covering approximately 4,000 acres near Eureka, Nevada. 

The Lone Mountain Project is located in east-central Nevada and is easily accessible via paved and gravel roads northwesterly from Eureka where all essential services are available. The Project includes options, leasesor purchase agreements to acquire 100% interests in all properties along the key structural trend for more than 4 kilometres.

An updated map showing the location of the Phase 5 drill holes is available on the Company’s website: www.nevadazinc.com

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven management team focussed on identifying unique mineral exploration opportunitiesthat can provide significant value to its shareholders. The Company’s existing zinc and gold projects are located in Nevada and Yukon, respectively.

 

 

 

 

 

For further information contact:

Nevada Zinc Corporation 
Suite 1660, 141 Adelaide St. West
Toronto, Ontario M5H 3L5
Tel: 416-504-8821

Bruce Durham, President and CEO
bdurham@nevadazinc.com 

www.nevadazinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc.  Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties.  Actual results may differ materially from those currently anticipated in such statements.

NEVADA ZINC ANNOUNCES APPOINTMENT OF JIM BEQAJ AS DIRECTOR

Toronto, Canada, January 19, 2017 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is very pleased to announce the appointment of Jim Beqaj to its Board of Directors. 

Director and CFO, Don Christie commented on the appointment, “I have known Jim throughout his very successful career and have witnessed the positive impact he has had on the various corporations he has been involved with at both a senior management and board level. Jim brings a wealth of experience and an extensive network of contacts in both the Canadian and US financial markets.  Senior management and the directors of Nevada Zinc look forward to working closely with Jim as we broaden the Company’s profile with both retail and institutional investors across North America.”

Upon graduation from Queen’s University, Jim began his career at Wood Gundy and ultimately rose to the position of President, CIBC Wood Gundy.  Jim resigned from Wood Gundy in 1996 and spent two years as Vice Chairman of BMO Capital Markets.  Jim then set out on his own and founded Beqaj International a trusted advisor in human resources to the financial services industry.  Jim is still actively involved with Beqaj International and he has authored two books on the process of finding the right employer and the right job.

In connection with his appointment Mr. Beqaj commented “I am extremely pleased to be joining the Nevada Zinc board at a time when the commodities cycle appears to be at the front end of a sustainable upswing.  Nevada Zinc’s highly prospective zinc and gold projects provide a balanced risk adjusted exposure to both base and precious metals.  My objective is to broaden the Company’s shareholder base and raise Nevada Zinc’s profile in financial markets in order to help finance significant exploration programs on both of the Company’s projects”.

The Company has granted Mr. Beqaj options to purchase 500,000 shares under the Company’s stock option plan at a price of $0.49 per share for a period of 5 years.

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven management team focussed on identifying unique opportunities in mineral exploration that can provide significant value to its shareholders. The Company’s existing zinc and gold projects are located in Nevada and Yukon, respectively.

The Lone Mountain Project

While the Company maintains its highly prospective Yukon gold properties and continues to advance them, the current focus of the Company is the exploration and advancement of the Lone Mountain Project comprised of 224 claims covering approximately 4,000 acres near Eureka, Nevada. 

The Lone Mountain Zinc Project is located in east-central Nevada and is easily accessible via paved and gravel roads northwesterly from Eureka where all essential services are available. The land that comprises the project includes options, leases or purchase agreements to acquire 100% interests in all properties along the key structural trend for more than four kilometres. 

 

For further information contact:        

Nevada Zinc Corporation 
Suite 1660, 141 Adelaide St. West
Toronto, Ontario M5H 3L5
Tel: 416-504-8821

Bruce Durham, President and CEO
bdurham@nevadazinc.com 

www.nevadazinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc.  Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties.  Actual results may differ materially from those currently anticipated in such statements.

NEVADA ZINC CONTINUES TO INTERSECT HIGH GRADE ZINC WITH 17.49% ZINC OVER 22.86 METRES

Toronto, Canada, January 11, 2017 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is pleased to report drill hole assay results for the first 9 drill holes from its Phase 5 drill program at the Company’s Lone Mountain project(the “Project”). 

The Company has successfully completed its Phase 5 program which included a total of 24 drill holes, completion of additional surface geological mapping and prospecting, completion of some limited geophysical test work and also completion of some additional specific gravity testing of mineralized material. The Company anticipates receipt of assay results for the remaining 15 drill holes over the course of this month.

Nevada Zinc President and CEO, Bruce Durham commented, “these initial Phase 5 assay results which include some holes from each of the Discovery and Mountain View Mine areas extend the limits of the known areas of mineralization. We are very encouraged by the results in this group of drill holes and we look forward to receiving the remainder of the assay results. The drilling we are doing at this point has been focused in these two areas of mineralization as we continue to fill in some gaps in the mineralizedbodies as well as extend the overall limits of the mineralized zones.”  

Highlights

  • Drill hole LM 16-71 intersected significant high grade zinc-lead mineralizationover a 22.86 metre interval from 88 metres downhole grading 17.49% zinc and 1.23% lead (18.72% zinc+lead) southwest of the historic mine workings on the Moutain View Mine property.
  • Drill holes LM-16-63, 64, and 65 extend the Discovery zone mineralization down dip in a north to northeasterly direction.
  • Drill hole LM-16-64 intersected a broad zone of zinc mineralization from 184.4 metres downhole that averaged 3.99% zinc and 0.21% lead over 53.34 metres, including a 30.48 metre interval that averaged 5.99% zinc. 
  • The Discovery zone zinc mineralization remains untested at depth to the northeast beyond holes LM-16-63, 64 and 65.
  • All zinc and lead mineralization intersected to date on the Project is non-sulphide type mineralization (important in that the mineralization is not a mixture of sulphide and non-sulphide which would complicate the extractive metallurgy process). 

Drill Hole Summary Information

Note: Hole LM-16-66, 70 – no significant results 

Note: Hole LM-16-67 results pending, LM-16-72-86 results pending

 

Sample Preparation and Quality Control

Supervision and organization of reverse circulation drilling chip samples was undertaken by Company personnel.  Samples were collected at 5-ft intervals from a rotating wet splitter assembly attached to the drill rig. Chip tray samples were collected from the reject side of the wet splitter. The splitter was adjusted to produce 10-20 lbs of sample.  Samples were collected from the drill in cloth bags by employees of New Frontier Drilling under the supervision of Company personnel.  Samples were catalogued by Nevada Zinc geologists and stored in a secure location.  Certified reference standards were placed in the sample stream of each drill hole at random intervals.  Blank material was also inserted at random intervals.

Assay Techniques

Preparation of the samples was done at the ALS Chemex Elko, NV facility.  A 250 gram master pulp was taken, then splits were sent to ALS’s North Vancouver, BC facility or their Reno, NV facility.  A 48 element package using a 4 acid digestion with ICP-AES and ICP-MS completed on all samples. For lead and zinc values exceeding the limits of the 48 element package (1% zinc or lead), the procedure was to use a 4 acid digestion with ICP-AES or AAS finish (ore grade analysis).  In the case of values exceeding the limits of the ore grade analysis (30% zinc, 20% lead), the procedure was to use specialized titration methods.  

Laboratory QA/QC

Quality control samples from the lab include numerous control blanks, duplicates and standards. Reference standards used include OREAS-133b, OREAS-134b, OGGeo08, and CZN-4.  No issues were noted with analytical accuracy or precision.  

ALS Chemex’s Reno, Elko, and North Vancouver locations have ISO/IEC 17025:2005 accreditation.

Bruce Durham P.Geo, President and CEO of Nevada Zinc, is a Qualified Person, as that term is defined by Canadian regulatory guidelines under National Instrument 43-101, and has read and approved the technical information contained in this press release.

The Lone Mountain Project

While the Company maintains its highly prospective Yukon gold properties and continues to advance them, the current focus of the Company is the exploration and advancement of the highly prospective Lone Mountain zinc project comprised of 224 claims covering approximately 4,000 acres near Eureka, Nevada. 

The Lone Mountain Project is located in east-central Nevada and is easily accessible via paved and gravel roads northwesterly from Eureka where all essential services are available. The Project includes options, leasesor purchase agreements to acquire 100% interests in all properties along the key structural trend for more than 4 kilometres.

An updated map showing the location of the Phase 5 drill holes is available on the Company’s website: www.nevadazinc.com

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven management team focussed on identifying unique mineral exploration opportunities that can provide significant value to its shareholders. The Company’s existing zinc and gold projects are located in Nevada and Yukon, respectively.

 

For further information contact:        

Nevada Zinc Corporation 
Suite 1660, 141 Adelaide St. West
Toronto, Ontario M5H 3L5
Tel: 416-504-8821

Bruce Durham, President and CEO
bdurham@nevadazinc.com 

www.nevadazinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc.  Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties.  Actual results may differ materially from those currently anticipated in such statements.

Nevada Zinc Identifies New Intrusive Hosted Gold Target Southwest of Victoria Gold's Eagle Gold Project and Continues Zinc Focused Drilling at Lone Mountain

Toronto, Ontario--(Newsfile Corp. - December 20, 2016) - Nevada Zinc Corporation (TSXV: NZN) ("Nevada Zinc" or the "Company") is pleased to report it has outlined a significant gold exploration target on the Company's Goodman Project located immediately southwest of Victoria Gold Corporation's Eagle Gold Project.

As well, the Company is continuing to drill on its Lone Mountain Zinc Project in Nevada where the most recently completed Phase 4 drill program intersected significant intervals of very near surface high grade zinc mineralization including holes that collared in sub-cropping mineralization assaying up to 5.76% zinc over 41.15 metres (press release August 11, 2016).

President and CEO, Bruce Durham commented; "we continue to drill at our highly prospective Lone Mountain Zinc Project in Nevada and we are pleased to report continuing positive exploration progress on our extensive land holdings in Yukon. We own a 100% interest in the Goodman Project which covers more than 20 kilometres along the extension of Victoria Gold's Potato Hills Trend and where our work over the past 6 years has now clearly outlined a number of geochemical and geophysical targets very similar to those found at Victoria Gold's Eagle Gold Project. There is room for an entire gold camp on our Goodman Project and it is only one of several large land package, high quality gold projects we continue to advance in Yukon. With Goldcorp Inc. and Agnico Eagle Mines Limited each committing to significant projects in Yukon, the territory appears to be garnering significant interest as a prime destination for exploration dollars ".

Highlights - Goodman Project's Murphy Target

A recent airborne magnetic survey completed by Precision GeoSurveys Inc. for the Company clearly outlines a 5 kilometre by 1.5 kilometre elongate felsic intrusion (termed the Murphy Intrusion) that trends roughly 70 degrees parallel to stratigraphy. The host felsic intrusion at Victoria Gold's Eagle Gold Deposit is similarly indicated to be 5 kilometres by 1.5 kilometres and trends roughly 60 degrees parallel to stratigraphy (See accompanying figure 1).

image: http://orders.newsfilecorp.com/files/3498/24186_figure1-resize.jpg 

Figure 1. Goodman Property Exploration Highlights 2016

To view an enhanced version of this graphic, please visit: 
http://orders.newsfilecorp.com/files/3498/24186_figure1.jpg

 

An extensive, prominent magnetic low in the airborne magnetic data along the southeast margin of the Murphy Intrusion appears to reflect the presence of an extensive zone of magnetic relief destruction. Such zones are often determined to result from strong alteration that alter and destroy magnetic minerals such as magnetite and pyrrhotite and may also reflect the presence of significant gold mineralizing fluids.

A series of small creeks which join to form a current placer mining creek (Murphy Creek) that drains the area mentioned above has, according to a local placer miner, produced galena (and possibly stibnite) as well as visible gold in quartz boulders in the gold-bearing placer gravels,

A well-defined magnetic low feature extends along the southeast margin of the interpreted intrusion and beyond in a north-easterly direction. The trend of the magnetic low feature is similar to and may be related to the extension of Victoria Gold's Potato Hills Trend. This feature extends for 7 kilometres in the area where the magnetic data was collected and the interpreted fault may extend farther.

The area of strongest geochemical anomalies in the area of magnetic destruction southeast of the contact of the newly defined intrusive stretches for more than 1,000 metres and many stations are anomalous in gold, arsenic, silver, antimony and variably lead and zinc. The magnetic low along the southeast margin of the intrusion correlates very well with the location of numerous geochemical samples that contain variably anomalous gold, arsenic, antimony and silver. This suite of anomalous elements is very similar to the suite of elements reported at Victoria Gold's Eagle Gold Deposit and other mineralized locations in the area (See accompanying figure 2).

image: http://orders.newsfilecorp.com/files/3498/24186_figure2-resize.jpg

 
Figure 2. Murphy's Creek Exploration Highlights 2016

To view an enhanced version of this graphic, please visit: 
http://orders.newsfilecorp.com/files/3498/24186_figure2.jpg

 

While outcrop in the area of anomalous geochemistry and magnetic signal destruction is very scarce, one outcrop of highly altered schist was located that contained coarse visible stibnite (antimony mineral) and assayed up to 390 ppb gold. The sample contained 2,000 ppm antimony. In the same area several arsenic rich intrusive and quartz rich boulders were located although no outcrop of the material was found.

The Company plans to carry out additional exploration work on the Murphy target in 2017.

Goodman Project

The main body of claims that comprise the Goodman Property were acquired by the Company in 2010. Additional claims were acquired by the Company that effectively wrapped around the southwest corner of Victoria Gold's Eagle Gold Project land package and even includes four claims within the Eagle Gold Project in close proximity to the historic Peso adit that was driven to investigate the high grade silver lead antimony Peso vein system. A hole completed by Victoria Gold near the Company's four claim property boundary in 2011 returned assays of 166.55g/t silver, 2.27% lead, 1.7% antimony and 0.34% zinc over a length of 7.74 metres. In the same program a hole between the Eagle Gold Deposit and the newly identified Murphy Intrusion on the Potato Hills Trend assayed 382.1 g/t silver over 27.44 metres in the historic Rex area.

The Eagle Gold Deposit which hosts resources of 4.8 million ounces of gold in indicated resources and 1.5 million ounces of gold in inferred resources is an intrusion related gold system with the majority of the gold mineralization hosted within a 94 million year old granodiorite measuring roughly 5 kilometres by 1.5 kilometres.

The Eagle Gold Deposit is situated within the Potato Hills Trend, an open ended belt exhibiting anomalous gold, arsenic, bismuth and antimony as well as silver, lead and zinc that extends in a northeast southwest direction and which the Company interprets as passing through its Goodman Project.

The Goodman Project was acquired as a large, completely untested gold exploration target covering the upstream location of a number of significant gold and pathfinder element anomalies located along the major regional trend and located immediately southwest of Victoria Gold's Eagle Gold Project.

The Goodman Project also covers the upper reaches of at least 5 current or historic placer creeks for which there is no known source of the gold. The creeks are named Secret, Swede, Murphy, Goodman and Rodin.

The Goodman Project is located at lower elevation than the Eagle Gold Project and much of the project has good road access, being located just north of the access road to the Eagle Gold Project. As a result much of the Goodman Project is covered with a veneer of overburden making definition of targets and mineralization more technically challenging and requiring more advanced techniques for exploration.

Elsewhere on the Goodman Project, farther to the southwest the Company has outlined a number of "Keno Hill" style geochemical targets and gold targets that will be followed up.

The Goodman Project is located 40 kilometres north-northwest of Mayo Yukon and is road accessible via the Silver Trail highway.

The Goodman Project is located in the Tintina Gold Belt, a 2,000 kilometre gold district spanning Alaska and Yukon and which is known to host well over 100 million ounces of gold in many deposits including deposits such as Fort Knox, Donlin Creek, Pogo, Dublin Gulch, and Brewery Creek. The majority of these deposits are intrusion related gold deposits which formed between 70 and 105 million years ago .

The Goodman Project is comprised of 379 mineral claims covering some 79 square kilometres and it covers 20 kilometres of favourable stratigraphy southwesterly along the projection of the Potato Hills Trend adjacent to the Victoria Gold Eagle Gold Project.

No drilling or trenching has ever been undertaken on the Company's extensive Goodman land holdings other than excavations related to placer mining.

Corporate

The Company continues to be focused on its highly prospective Lone Mountain zinc exploration assets located in Nevada while concurrently allocating resources to its gold exploration targets in Yukon. In addition to its Goodman Project detailed above, the Company holds a large block of claims referred to as the VIP Project that covers the along trend extension of the gold and silver mineralization trends being actively explored by Goldcorp Inc. The Company also holds a significant land position at Josephine Creek where it holds both hardrock and placer rights along Josephine Creek adjacent to land held by Victoria Gold. As well, the Company holds the dominant land position in the Livingstone Creek placer gold district northeast of Whitehorse where its land position covers the upstream portion of several historic placer creeks that have produced some of the largest gold nuggets discovered in Yukon since the days of the original Yukon Gold Rush, with individual gold nuggets weighing up to more than 20 ounces. The Company has discovered significant gold in bedrock in its most recent work on the Livingstone property.

Bruce Durham, P.Geo, is a qualified person, as that term is defined by National Instrument 43-101, and on behalf of the Company has approved the contents of this press release.

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven management team focussed on identifying unique opportunities in mineral exploration that can provide significant value to its shareholders. The Company's existing zinc and gold projects are located in Nevada and Yukon, respectively.

The Lone Mountain Project

While the Company maintains its highly prospective Yukon gold properties and continues to advance them, the current focus of the Company is the exploration and advancement of the Lone Mountain Project comprised of 224 claims covering approximately 4,000 acres near Eureka, Nevada.

The Lone Mountain Zinc Project is located in east-central Nevada and is easily accessible via paved and gravel roads northwesterly from Eureka where all essential services are available. The land that comprises the project includes options, leases or purchase agreements to acquire 100% interests in all properties along the key structural trend for more than four kilometres.

For further information contact:                  

Nevada Zinc Corporation  
Suite 1660, 141 Adelaide St. West
Toronto, Ontario M5H 3L5
Tel: 416-504-8821

Bruce Durham, President and CEO
bdurham@nevadazinc.com

www.nevadazinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.


 

NEVADA ZINC IDENTIFIES OPEN ENDED GOLD TARGET WEST OF GOLDCORP’S COFFEE PROJECT AND CONTINUES DRILLING AT LONE MOUNTAIN

Toronto, Canada, November 30, 2016 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is pleased to report it has outlined a significant gold exploration target on its VIP Project located in Yukon, west of Goldcorp’s Coffee Gold Project. Goldcorpacquired ownership of the Coffee Gold Projecton July 19, 2016 for approximately $521 million by purchasing Kaminak Gold Corporation. Since the Kaminak transaction Goldcorp has acquired equity interests in two additional adjacent publicly traded property holders.

The 700 metre long East Big Creek gold target on the Company’s VIP Project remains open along strike and is unexplored for several kilometres along the trend of the existing anomalous data points. 

The Company is continuing to drill on its Lone Mountain zinc project in Nevada where the Company’s most recent drilling intersected significant intervals of very near surface high grade zinc mineralization including holes that collared in subrcopping mineralization assaying up to 5.76% zinc over 41.15 metres (press release August 11, 2016).

President and CEO, Bruce Durham commented, “we are continuing to drill atour highly prospective Lone Mountain zinc project in Nevada and we are pleased to report continuing positive exploration progress on our large land holdings in Yukon. We own a 100% interest in more than 837 claims in the VIP area making us the only significant junior company in the area not involved with Goldcorp. Our expanded property position, with the addition of the Wolf block covers the westerly extension of our East Big Creek target for several kilometres where we have no exploration data. We have held the VIP property for more than six years and there are still large parts of the property that remain completely unexplored.   There is room for an entire gold camp on our VIP Project and VIP is only one of several large land position, high quality gold projects we continue to advance in Yukon”.

Highlights – VIP Project - East Big Creek Target

The East Big Creek target is comprised of a 700 metre long northwest trending gold-in-soil and pathfinder element geochemical anomaly that remains untested and open in both directions along strike. The anomaly is up to 250 metres wide, and is only constrained to the south (uphill) by permafrost which resulted in an inability to obtain proper sample material for analysis.

Higher gold values in soil samples in the anomalous area range up to more than 10 times background which is highly anomalous for the area given the rather ubiquitous overburden cover.  Anomalous gold values in soils correlates well with anomalous levels of tellurium, bismuth, sulphur, selenium, copper, silver, molybdenum, mercury, lead, antimony, and zinc. This suite of anomalous elements is a very good indicator for the presence of significant gold mineralization in the area.

The East Big Creek target occurs within Klondike Schist of Paleozoic Age. It occurs 2.4 kilometres west-northwest on strike from a Cretaceous-age, Coffee Creek-phase monzogranite body, and 1.4 kilometres north of a Cretaceous, Whitehorse Suite gabbro body.  The Coffee Creek-phase monzogranite body is one of a series continuing to the east-southeast and extending to the Coffee Creek Batholith which hosts a significant portion of Goldcorp’s Coffee Creek gold deposit.

An airborne magnetic survey completed by Nevada Zinc in 2010 and recently reprocessed, indicates additional buried intrusions within 1 kilometre to the south of the East Big Creek anomaly and also to the northwest along trend of the East Big Creek anomaly.  The location of these interpreted intrusions is on trend with the Coffee Creekintrusions.  

An extensive, prominent magnetic low in the reprocessed airborne magnetic data defines a northwest trending structure directly associated with the location of the East Big Creek target.

Rock sampling in the area proved somewhat problematic due to lack of outcrop in the area of the defined target. Hand dug pits yielded grab samples with anomalous geochem results similar to the suite of anomalous elements found in the soil sampling data, indicating proximity to the source of the target. 

The Company plans to further evaluate the area of the East Big Creek target and also the extensions of the target both northwesterly and southeasterly in 2017.

VIP Project

The VIP Project was acquired by the Company before the first announcement of the Coffee Creek drill results by Kaminak in 2010. The VIP Project was acquired as a very large, completely untested gold exploration target covering the upstream location of a number of significant gold and pathfinder element anomalies located along the major regional trend located immediately west of Goldcorp’s Coffee Gold Project. A transaction between Goldspike Exploration Inc. (now Nevada Zinc) and Silverquest (now Independence Gold Corp.) on some of the claims near the west boundary of the Coffee Gold Project resulted in the Company retaining a 1% net smelter returns (“NSR”) royalty on the YCS Property of Independence Gold Corp. 

One item of particular interest just outside the Wolf claims on the VIP claims is the discovery of remnants of historic, never recorded, placer gold operations near the eastern boundary of the Wolf claims on the VIP block.

The Company recently added significantly to its VIP land package by acquiring the 16 square kilometre Wolf claim group (64 claim units) locatedwithin the boundaries of the VIP Project. 

The recently acquired Wolf claims and the original VIP Project cover the interpreted sources of a number of high gold and multi-element geochemical targets similar to those found at the the Coffee Gold Project.  

Nevada Zinc has outlined a number of geochemical and structural targets that warrant further follow-up. The VIP Project is comprised of 837 mineral claims covering some 16,000 hectares covering 17 kilometres of favourable stratigraphy west of Goldcorp Coffee Gold Project.

No drilling or trenching has ever been undertaken on the Company’s extensive VIP land holdings.

Corporate

The Company continues to be focused on its highly prospective Lone Mountain zinc exploration assets located in Nevada while concurrently allocating resources to its gold exploration targets in Yukon. In addition to its VIP Project the Company holds a large block of claims referred to as the Goodman Project that cover the southwesterly, along trend extension of the gold and silver mineralization trends being actively explored by Victoria Gold Corporation. The Company also holds a significant land position at Josephine Creek where it holds both hardrock and placer rights along Josephine Creek adjacent to land held by Victoria Gold. The Company also holds the dominant land position in the Livingstone Creek placer gold district northeast of Whitehorse where its land position was acquired to cover the upstream portion of several historic placer creeks that have produced some of the largest gold nuggets discovered in Yukon since the days of the original Yukon Gold Rush, with individual gold nuggets weighing up to more than 20 ounces. The Livingstone area, arguably the only placer gold district in Yukon for which a significant gold in bedrock source has not yet been located, was once a thriving community of more than 300 people and now sits as an abandoned village. The Company has in fact discovered significant gold in bedrock in its most recent work on the Livingstone property. Geochemistry of the nuggets and this new discovery of gold in bedrock by the Company appears to be part of the source for the extremely large nuggets that are still being found occasionally by the placer miners. 

 

 

 

 

Bruce Durham, P.Geo, is a qualified person, as that term is defined by National Instrument 43-101, and on behalf of the Company has approved the contents contained in this press release.

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven management team focussed on identifying unique opportunities in mineral exploration that can provide significant value to its shareholders. The Company’s existing zinc and gold projects are located in Nevada and Yukon, respectively.

The Lone Mountain Project

While the Company maintains its highly prospective Yukon gold properties and continues to advance them, the current focus of the Company is the exploration and advancement of the Lone Mountain Project comprised of 224 claims covering approximately 4,000 acres near Eureka, Nevada. 

The Lone Mountain zinc project is located in east-central Nevada and is easily accessible via paved and gravel roads northwesterly from Eureka where all essential services are available. The land that comprises the project includes options, leasesor purchase agreements to acquire 100% interests in all properties along the key structural trend for more than three kilometres. 

 

For further information contact:

Nevada Zinc Corporation 
Suite 1660, 141 Adelaide St. West
Toronto, Ontario M5H 3L5
Tel: 416-504-8821

Bruce Durham, President and CEO
bdurham@nevadazinc.com

www.nevadazinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc.  Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties.  Actual results may differ materially from those currently anticipated in such statements.