NEVADA ZINC INTERSECTS 12.38% ZINC+LEAD OVER 12.19 METRES (40 FEET) EXTENDING HIGH GRADE SHALLOW ZINC-LEAD MINERALIZATION

Toronto, Canada, July 27, 2016 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is pleased to report assay results from six reverse circulation drill holes recently completed on the Company’s Mountain View Mine which constitutes a small portion of the Company’s Lone Mountain zinc project (“the Project”) located near Eureka, Nevada. The holes all tested for the presence of shallow non-sulfide zinc-lead mineralization in areas proximal to historic small scale mine operations along strike from the workings. Most holes intersected high and mid-grade mineralization associated with brecciated and fractured sedimentary rocks of the Devils Gate Formation, with the highlight intersection being drill hole LM-16-52, drilled near the easterly boundary of the Mountain View Mine which assayed 12.38% zinc + lead over 12.19 metres (40 feet). The top of the intersection is at a depth of only 28.96 metres.  

The current drilling program is part of a work program designed to evaluate the potential of the Project to host near surface zinc-lead resources  that could potentially be mined using low cost open pit mining techniques. The majority of the 18 drill holes reported to date from the Mountain View Mine have intersected near surface zinc-lead mineralization.

President and CEO, Bruce Durham commented, “I am very pleased that drill hole assay results continue to confirm the presence of significant shallow zinc mineralization on the Mountain View Mine. With these latest shallow drill holes we have effectively defined zinc mineralization across the entire width of the Mountain View Mine, a distance of nearly 175 metres. We remain one of the few junior zinc explorers who are actually drilling and who continue to advance a solid zinc project in an ideal jurisdiction.   Fundamentals remain strong and the significant reduction in world mine supply is starting to be reflected in the price of zinc which is up more than 45% in the last six months.”

Highlights

Drill Hole LM-16-52 intersected high grade zinc-lead mineralization at a vertical depth of only 28.96 metres (95 feet). A 12.19 metre (40 foot) interval from 28.96 to 41.15 metres (40-135 feet) averaged 11.56% zinc and 0.82% lead (12.38% zinc + lead).

In drill hole LM-16-49, 12 samples intervals, each of 5 feet in length, were not recovered for technical reasons in areas that are likely to have been mineralized.

The drill hole assay data reported to date shows zinc-lead mineralization essentially extending for 175 metres from the west boundary of the Mountain View Mine (see accompanying Plan Map) to a point near the east boundary of the Mountain View Mine.

The zinc-lead target tested in these short drill holes is one of two or more zinc-lead zones in the area near historic small scale mining at the Mountain View Mine that was apparently focused on narrow high grade zinc rich fractures with the material hand sorted and direct shipped to a smelter for processing.

Note: True widths are not given as it is not possible to determine the true width of the various zones of mineralization at this time.

 

 

Sample Preparation and Quality Control

 

Supervision and organization of the reverse circulation drilling chip samples was undertaken by Nevada Zinc personnel.  Samples were collected at 1.52 metre 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 4.5-9.0 kg of sample.  Samples were collected from the drill in cloth bags by employees of New Frontier Drilling under the Company’s supervision.  Samples were catalogued by Nevada Zinc’s 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 was 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 significant issues were noted with analytical accuracy or precision. 

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

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.

 

Zinc Information
Teck, the world’s third largest zinc miner provided a review of the zinc market in its shareholder day presentation (March 30, 2016): http://www.teck.com/investors/presentations-webcasts/teck-s-investor-and-analyst-day---march-30  slides 111-117. The slides clearly depict a looming, significantzinc deficit for many years to come due to growing demand for zinc offset by mine closures and a lack of new investment.

The current global weighted average mine grade for zinc operations, both open pit and underground, is now below 5% zinc (see Teck ppt).

Additional zinc information is also available on the Nevada Zinc 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 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 Project  comprised of 224 claims covering approximately 4,000 acres near Eureka, Nevada.

The 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 keey structural trend for more than 3 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 INTERSECTS HIGH GRADE NEAR SURFACE ZINC-LEAD MINERALIZATION GRADING 15.64% ZINC+LEAD OVER 15.24 METRES (50 FEET)

Toronto, Canada, July 5, 2016 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is pleased to report assay results for 10 reverse circulation drill holes from its ongoing drill program on the Company’s Mountain View Minewhich is part of the Company’s highly prospective Lone Mountain zinc project (the “Project”) located near Eureka, Nevada. The current drilling program is part of a work program designed to evaluate the potential of the Project to host a near surface zinc-lead resource  that could potentially be mined using low cost open pit mining techniques. All 12 holes reported to date from the Mountain View Mine have intersected near surface zinc-lead mineralization.

President and CEO, Bruce Durham commented, “drilling at the Mountain View Mine continues to give us confidence that zinc-lead mineralization extends well beyond the limits of the historic mining of the Mountain View Mine from the 1940’s to the 1960’s. Three of the ten holes intersected what appear to be old drifts or stopes and yet significant mineralization was intersected in the walls of the historic mine openings indicating that mining was focused on only very high grade mineralization. Some of this mineralization is essentially exposed at surface and all of the mineralizaiton we are intersecting is very shallow so we feel this is an excellent project to be evaluated as a potential low cost open pit target. Zinc fundamentals remain very strong and the significant reduction in mine supply should start to be reflected in the zinc price as inventories continue to decline.”

Highlights

Drill Hole LM-16-48 intersected high grade zinc-lead mineralization at a vertical depth of only 19.81 metres (65 ft.). A 15.24 metre (50 ft.) interval from 19.81 to 35.05 metres (50-115 ft.) averaged 11.89% zinc and 3.74% lead (15.63% zinc + lead).

Additional assay results will be available in the coming weeks as the current  drill programcontinues.

The drill hole assay data reported to date shows zinc-lead mineralization essentially extending from the west boundary of the Mountain View Mine (see accompanying Plan Map) to beyond the mid-point of the Mountain View Mine property a distance of more than 110 metres.

Two drill holes, LM-16-43 and 44 collared in zinc-lead mineralization under shallow overburden.

Three drill holes, LM-16-40, LM-16-44 and LM-16-46 appear to have intersected shallow historic mine openings and therefore are missing the high grade portion of the zinc-lead mineralization that would have been mined at those locations.

The zinc-lead target tested in these short drill holes is one of two or more zinc-lead zones in the area near some historic small scale mining at the Mountain View Mine that occurred some 50 years ago. That mining was apparently focused on narrow high grade zinc rich fractures with the material hand sorted and direct shipped to a smelter for processing.

Additional drill holes are planned for Mountain View Mine and other nearby targets as part of a program to delineate near surface zinc mineralization that could potentially be mined using low unit cost open pit mining methods.

DRILL HOLE INFORMATION

 

Notes: Hole LM-16-40 includes a 7.6 metre interval from 68.58 metres to 76.2 metres at zero grade due to lack of sample recovery (historic stope). Hole LM-16-44; above 24.38 metres there is a 12.2 metre interval with no sample recovery (historic stope). Hole 16-46 includes 6.38 metre interval at zero grade due to a lack of sample recovery (historic stope) at 18 metres. All intervals are down the hole distances and true thickness could not be determined at this point in the exploration program.

Sample Preparation and Quality Control
Supervision and organization of reverse circulation drilling chip samples was undertaken by Nevada Zinc personnel.  Samples were collected at 1.52 metre 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 4.5-9.0 kg of sample.  Samples were collected from the drill in cloth bags by employees of New Frontier Drilling under the Company’s supervision.  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 significant 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, is a qualified person, as that term is defined by National Instrument 43-101, on behalf of the Company and has approved the contents contained in this press release.

Zinc Information
The International Zinc Association website; (www.zinc.org) is a good source of information on zinc and its varied uses.

Teck, the world’s third largest zinc miner provided a review of the zinc market in its shareholder day presentation (March 30, 2016): http://www.teck.com/investors/presentations-webcasts/teck-s-investor-and-analyst-day---march-30  Slides111-117. The slides clearly depict a looming significantzinc deficit for many years to come due to continued growing demand for zinc offset by mine closures and a lack of new investment.

The current global weighted average mine grade for zinc operations, both open pit and underground, is now below 5% zinc (see Teck ppt).

Additional zinc information is also available on the Nevada Zinc 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 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 Project  comprised of 224 claims covering approximately 4,000 acres near Eureka, Nevada.

The 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 now includes the historic zinc mine known as the Mountain View Mine.

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 INTERSECTS NEAR SURFACE ZINC MINERALIZATION GRADING 7.7% ZINC OVER 24.38 METRES

Toronto, Canada, June 9, 2016 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is pleased to report assay results for the first two drill holes from its ongoing drill program on the Company’s highly prospective Lone Mountain zinc project located near Eureka, Nevada. The results reported are for only two holes completed on one horizon and are the first results from a program of more than 20 drill holes to be drilled at the historic Mounatin View Mine property.

President and CEO, Bruce Durham commented, “Drilling in the very shallow near surface portion of one of the zinc targets shows strong zinc mineralization within 28 metres or 100 feet of surface. The mineralization is hosted in brecciated and structurally prepared carbonate rocks similar to the areas we tested in our earlier work farther to the west. Drilling is proceeding and it is heartening to see strong zinc mineralization at this location near the western boundary of the Mountain View Mine property and at such a shallow depth. It will be interesting to see what we intersect elsewhere on this and other zinc zones we are testing across the Mountain View property.”

Highlights – First Two Holes at the Mountain View Mine Property
Assays are available for the first two holes at this time with results from 20 additional holes expected in the coming weeks.

The first two holes were drilled from the same drill pad with a separation of approximately 50 metres (165 ft.) on the zinc mineralized zone. The holes were located near the west boundary of the Mountain View Mine property.

Hole LM-16-37 (-90 degrees) intersected zinc mineralization at a vertical depth of 68.6 metres (225 ft.) A 4.57 metre (15 ft.) interval from 68.58 to 73.15 metres (225-240 ft.) averaged 4.45% zinc.

Hole LM-16-38 (-45 degrees) intersected zinc mineralization at a vertical depth of 28 metres (92 ft.). A 24.38 metre (80 ft.) interval from 41.15 to 65.53 metres (135-215 ft.) averaged 7.7% zinc.

The zinc target tested in these short drill holes is one of two or more zinc zones in the area near some historic small scale mining on the Mountain View mine property that occurred nearly 50 years ago. That mining was apparently focused on narrow high grade zinc rich fractures with the material hand sorted and direct shipped to a smelter for processing.

Additional drill holes are planned for this target and other nearby targets as part of a program to delineate near surface zinc mineralization that could potentially be mined using open pit mining methods.

Sample Preparation and Quality Control
Supervision and organization of reverse circulation drilling chip samples was undertaken by Nevada Zinc 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 Nevada Zinc 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, is a qualified person, as that term is defined by National Instrument 43-101, on behalf of the Company and has approved the contents contained in this press release.

Zinc Information
The International Zinc Association website; (www.zinc.org) is a good source of information on zinc and its varied uses.

Teck, the world’s third largest zinc miner provided a review of the zinc market in its shareholder day presentation (March 30, 2016): http://www.teck.com/investors/presentations-webcasts/teck-s-investor-and-analyst-day---march-30  Slides111-117. The slides clearly depict a looming significantzinc deficit for many years to come due to continued growing demand for zinc offset by mine closures and a lack of new investment.

The current global weighted average mine grade for zinc operations, both open pit and underground, is now below 5% zinc (see Teck ppt).

Additional zinc information is also available on the Nevada Zinc 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 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 its 100% owned Lone Mountain zinc project (the “Project”), comprised of 218 claims covering approximately 4,000 acres. Nevada Zinc is currently drilling at the Project (see press release dated May 24, 2016).

The 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 now includes the historic zinc mine known as the Mountain View Mine.

 

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 EXCELLENT ZINC EXTRACTION RESULTS IN LEACH TESTS

Toronto, Canada, June 6, 2016 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is pleased to announce that it has received extremely positive test results from theleaching of unconcentrated drill hole sample material obtained from the Company’s highly prospective Lone Mountain zinc project located near Eureka, Nevada. The metallurgical testwork was carried out by Outotec Oyj (“Outotec”) at their research centre in Pori, Finland. The Outotec report on the two zinc leach tests demonstrated; “Excellent leaching results with zinc extractions above 99%”. The standard leaching tests were carried out using sulfuric acid at different temperatures and at different pH levels. The tests were performed on unconcentrated drill hole sample material and showed that; “Zinc can be efficiently leached from the mineralized material and recovered as special high grade (“SHG”) zinc product”.

 

President and CEO, Bruce Durham commented, “the initial leach tests completed by Outotec show, convincingly, that the unconcentrated Lone Mountain zinc mineralization tested was easily leached using standard leach parameters. As a result of these very positive tests we are now focussed on continuing to explore different concentration methods to ensure that the maximum amount of zinc mineralization from Lone Mountain that may be ultimately processed contains as little calcite and dolomite as possible in order to limit the amount of sulphuric acid consumed during leaching thereby significantly reducing potential future processing costs. Our previous testing of heavy liquid separation, as a pre-leach concentration method, indicated an ability to remove much of the acid consuming calcite and dolomite prior to leaching. These excellent test results from Outotec open up many possibilities for us on the process side. The Company’s main focus, in addition to metallurgical testing, continues to be our current Phase 4 drill program which is primarily focused on testing the very near surface portion of the Mountain View Mine property”.

Highlights from Outotec Leach Tests

·       Zinc can be efficiently leached from the mineralized material and recovered as SHG zinc product.

·       Excellent leaching results with zinc extractions above 99%.

·       Temperature of 75 degrees Celsius is enough for leaching.

·       Reaction is exothermic (generates heat) and therefore there will not be a need for external heating (in production scale).

·       Silica gel formation was observed at some test stages. The tests show that gelling formation can be avoided.

·       Sulphuric acid consumption was high, however, pre-leach concentration could remove much of the calcite and dolomite gangue thereby significantly reducing the amount of acid consumed during leaching.

·       An upgrading of the feed material that would reduce the amount of carbonates before leaching could significantly reduce processing costs.

Zinc Information

The International Zinc Association website; (www.zinc.org) is a good source of information on zinc and its varied uses.

Teck, the world’s third largest zinc miner provided a review of the zinc market in its shareholder day presentation (March 30, 2016): http://www.teck.com/investors/presentations-webcasts/teck-s-investor-and-analyst-day---march-30  Slides111-117. The slides clearly depict a looming significantzinc deficit for many years to come due to continued growing demand for zinc offset by mine closures and a lack of new investment.

The current global weighted average mine grade for zinc operations, both open pit and underground, is now below 5% zinc (see Teck ppt).

Additional zinc information is also available on the Nevada Zinc website (www.nevadazinc.com).

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

The information contained in this press release referencing the work and report completed by Outotec was reviewed and approved by Outotec’s Bjorn Saxen, PhD. (Chemical engineering). Mr. Saxen has extensive experience in the hydrometallurgy of zinc projects.

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 its 100% owned Lone Mountain zinc project (the “Project”), comprised of 218 claims covering approximately 4,000 acres. Nevada Zinc is currently drilling at the Project (see press release dated May 24, 2016).

The 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 now includes the historic zinc mine known as the Mountain View Mine.

About Outotec

Outotec provides leading technologies and services for the sustainable use of the Earth’s natural resources. As the global leader in minerals and metals processing technology, Outotec has developed many breakthrough technologies over the decades for its customers in the metals and mining industry. Outotec also provides innovative solutions for industrial water treatment, the utilization of alternative energy sources and the chemical industry. Additional information is available at: www.outotec.com

 

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 starts drilling at Lone Mountain

2016-05-24 06:43 ET - News Release

 

Mr. Bruce Durham reports

NEVADA ZINC COMMENCES DRILLING AT LONE MOUNTAIN

Nevada Zinc Corp. has commenced 2016 drilling operations on its Lone Mountain project near Eureka, Nev. This will be the company's first drill program on its most recent property acquisition in the area, the historic zinc mine known as the Mountain View mine.

President and chief executive officer Bruce Durham commented: "We have seen zinc inventories decline 30 per cent on the London Metal Exchange in the last six months and we have seen the zinc price increase by 25 per cent in that corresponding time period. Although the zinc fundamentals are strong, very few junior companies are actively exploring for zinc, and, in tier one jurisdictions like the Western United States, only companies like ourselves and Arizona Mining are actively drilling. We are initially targeting very shallow zinc mineralization in proximity to areas where the historic mining operations took place at the Mountain View mine. Shallow drilling in the 1940s also intersected zinc mineralization in a number of areas near the mine and we will be drill testing those areas as well."

Highlights:

 

  • The drilling program has started;
  • 20 or more reverse circulation drill holes will be completed on the Mountain View mine property;
  • Drilling to be completed in the vicinity of the historic West extension shaft in an area where historic drill hole 36 intersected up to 31 feet grading 7.4 per cent zinc;
  • Drilling to be completed in the vicinity of the MIA shaft and historic drill hole 30 that intersected an interval of 30 feet grading 7.02 per cent zinc;
  • Drilling to be completed in the vicinity of a small historic surface glory hole or pit and a number of historic drill holes that intersected near-surface zinc mineralization;
  • Drilling to be completed near the eastern boundary of the Mountain View mine property where historic drill hole 20 intersected up to 17 feet grading 8.8 per cent zinc;
  • All zinc mineralization intersected in historic drilling and mining on the Mountain View mine property was less than 200 feet below surface;
  • Drill records for the historic holes are limited to only a summary of assay results, some cross-sections and drill hole location maps. All data in respect of the historic drill holes are considered to be historic and should not be relied upon. All areas will require redrilling with modern recovery methods;
  • The results of the current drill program plus the previous 36 holes from the company's phase one, two and three drill programs will continue help develop the database and geological understanding of the Lone Mountain project as the company builds toward being in a position to carry out further metallurgical and National Instrument 43-101 resource work.

 

Zinc information

Zinc is one of the most widely used commodities in the world.

The average automobile consumes 37 pounds of zinc.

Zinc is a critical element for growth in children and general body health.

Zinc usage in fertilizer is a rapidly growing deployment of zinc.

The International Zinc Association website is a good source of information on zinc and its varied uses.

Teck provided a review of the zinc market in its shareholder day presentation (March 30, 2016) available on the company's website. The presentation clearly depicts a significant looming deficit for years going forward due to continued growing demand, mine closures and lack of new investment.

The current global weighted average mine grade for zinc operations both open pit and underground is now below 5 per cent zinc (Teck presentation).

Additional zinc information is available on the Nevada Zinc website.

Mr. Durham, PGeo, is a qualified person as that term is defined by National Instrument 43-101 on behalf of the company, and has approved the scientific and technical content contained in this press release.

Market-making activities

The company is also pleased to announce that it has retained the services of Integral Wealth Securities Ltd. to provide strategic advice and support with regard to the company's continuing capital markets activities. Market-making activities will be conducted in compliance with Investment Industry Regulatory Organization of Canada's universal market integrity rules and policies (2010), and other relevant policies, so that trading orders in the company's shares are made to manage share price volatility and imbalances of orders to improve trading liquidity of the company's shares on the TSX Venture Exchange. The service contract, that commenced May 18, 2016, has an initial term of six months and can be terminated thereafter by either party on 30 days written notice and includes a monthly retainer of $5,000 per month. The company and Integral confirm that capital for the purposes of market-making has not and will not be provided from the company's treasury. Integral has no direct or indirect interest in the company or its securities.

The Lone Mountain project

While the company maintains its Yukon gold properties and continues to advance them, the focus of the company is the exploration and advancement of the 100-per-cent-owned Lone Mountain project, comprising 218 claims covering approximately 4,000 acres.

The 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 now includes the historic zinc mine known as the Mountain View mine.

We seek Safe Harbor.

© 2016 Canjex Publishing Ltd. All rights reserved.

Nevada Zinc begins exploration at VIP

2016-05-18 00:13 ET - News Release

Mr. Bruce Durham reports

NEVADA ZINC COMMENCING YUKON EXPLORATION WEST OF KAMINAK

Nevada Zinc Corp. is commencing work in Yukon that will include work on its VIP property located just west of Kaminak Gold Corp.'s Coffee project. On May 12, 2016, Goldcorp announced that it had agreed to purchase all of the issued and outstanding shares of Kaminak Gold in a deal valued at approximately $520-million. Exploration work will also be completed by the owners of the YCS claim group, located immediately adjacent to the west boundary of Kaminak and just east of the VIP property. Nevada Zinc holds a 1-per-cent net smelter royalty on the YCS claim group.

Nevada Zinc's VIP property is composed of more than 750 claims (15,000 hectares) covering about 15 kilometres of favourable, largely unexplored geology to the west of gold discoveries at both Kaminak Gold's Coffee project and Independence Gold Corp.'s Denali project. The VIP property was originally staked by a group familiar with the Coffee project, and the VIP claims were staked and acquired by Nevada Zinc prior to the Coffee project gold discovery in 2010. An initial limited exploration program was completed on the VIP property in the latter part of 2011. That limited initial program established that the VIP property was underlain by favourable geology that included the presence of felsic intrusions, strong structural fabrics, breccias and quartz veins. Anomalous geochemical soil anomalies were discovered, and follow-up work was recommended. With the downturn in the junior mining markets that followed in the years 2012 to 2014, no budget was allocated to the VIP property; however, the entire property position was maintained. In the summer of 2015, a limited exploration program was undertaken in the southeastern portion of the VIP property to further develop the exploration database in that area. That limited program of geology, prospecting and geochemical soil sampling outlined two new gold target areas that remain open-ended and untested. The three or four most interesting gold exploration targets are only partially defined with wide-spaced data points, and little or no follow-up has been undertaken to date.

The company plans to carry out further work on the VIP property in 2016 to better define the lateral extent of the targets in preparation for eventual trenching and drill testing of the targets. The company also plans to carry out exploration this summer on its Goodman and Josephine properties, also located in Yukon.

President and chief executive officer, Bruce Durham, commented on the Yukon work: "The VIP property was our original listing property, and we think it has great gold potential. With the Kaminak feasibility study results and now the Goldcorp takeover, it appears there will be substantial infrastructure developed in the area rather quickly, and we will be able to explore in the area more effectively and efficiently. We will maintain our land position and continue to define specific targets for follow-up. We have a number of excellent gold projects in Yukon, including VIP next to Kaminak, and Goodman adjacent along trend to Victoria Gold's Eagle gold project. We will also be working at Josephine this summer, our property adjacent to Victoria Gold's Clear Creek project."

Mr. Durham, PGeo, is a qualified person as that term is defined by National Instrument 43-101 on behalf of the company and has approved the scientific and technical content contained in this press release.

Engagement of investor relations firms

The company also announces that it has engaged two firms to carry out investor relations activities in both North America and Europe. Effective immediately, the company has retained the services of Briscoe Capital Partners Corp. to assume responsibility of North American investor relations activity. The service agreement is for an initial term of six months, expiring on Nov. 10, 2016, subject to a one-month termination notice. Under the terms of the agreement, which is subject to approval by the TSX Venture Exchange, Briscoe will receive $6,000 per month in fees. As well, the company has retained the services of BlackX Management GmbH, a German-based investor relations firm, to carry out investor relations activity on behalf of the company in Europe. The service agreement has an initial term of three months, expiring on July 31, 2016. Under the terms of the agreement, which is subject to exchange approval, BlackX will receive 11,000 euros per month in fees.

The Lone Mountain project

While the company maintains its Yukon gold properties and continues to advance them, the focus of the company continues to be the exploration and advancement of the highly prospective, 100-per-cent-owned Lone Mountain zinc project composed of 218 claims covering approximately 4,000 acres.

The project is located in east-central Nevada and is easily accessible by paved and gravel roads northwesterly from Eureka, where all essential services are available. The project now includes the Mountain View mine, a past-producing zinc mine.

We seek Safe Harbor.

 

Nevada Zinc Reports Excellent Results from Initial Metallurgical Test Work

Toronto, Ontario – April 6, 2016 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is pleased to announce positive initial results from mineralogical and sample processing studies completed on representative non-sulphide mineralized material from its Lone Mountain Zinc project near Eureka Nevada. Importantly, intitial test work showed that by using a 3.03 specific gravity (“SG”) ‘cut point’ in Heavy Liquid Separation (“HLS”) analysis, 79% of the zinc reported to a high grade zinc concentrate that would be a potentially saleable concentrate grading 36.7% zinc.  At a SG of 2.85, 92% of the zinc reported to the concentrate.  The mineralization and non-mineralized ‘gangue’ were found to have rather simple mineralogy and the HLS studies indicate that 90% of the potentially acid consuming carbonate gangue can be rejected using only HLS. The rejection of the potentially acid consuming carbonate minerals using only HLS is important given a reduction in non-zinc carbonate content would significantly reduce overall acid consumption if acid leaching were to be used in any eventual mill flow sheet. The Company continues to explore alternatives that have potential to drive value creation through standard and as well as innovative mineral processing solutions.

 

President and CEO, Bruce Durham commented on the sample processing results; “Knowing that the high grade near surface mineralization we discovered on our Lone Mountain project was not typical sulfide mineralization, we were keenly aware of the need to evaluate the mineralogy of the mineralization and also determine processing options earlier in the exploration phase than typically required. We decided to initially investigate the possibility of upgrading the mineralization with just Dense Media Separation techniques using Heavy Liquid Separation testing as a proxy. We were pleasantly surprised to find that firstly, the mineralogy is rather simple and secondly that a simple process of crushing, grinding and Dense Media Separation can be expected to produce a concentrate of sufficent grade and quality to be a shippable and saleable product without any further beneficiation.  Dense Media Separation plants are becoming much more common and less costly and in our case may prove to be a simple way to very significantly reduce both capital and operating costs in any eventual process plant at Lone Mountain.”

 

 

Highlights

·       Zinc recovery values of up to 92% at a 2.85 SG or 79% at a 3.03 SG, the latter of which produced a zinc concentrate grade of 36.7%

·       Zinc in the samples studied is nearly all in the form of hemimorphite and smithsonite (zinc oxide and zinc carbonate) while lead occurs as cerrusite (lead carbonate)

·       Non-zinc and lead bearing material (gangue) is dominated by simple mineralogy: essentially dolomite and calcite

·       Virtually no sulphide mineralization is present

·       Simple mineralogy is a key for simplicity in any future mill flow sheet design

·       The zinc and lead minerals have significantly higher SG than the gangue minerals making DMS an ideal way to produce a high grade concentrate for either shipping directly for off-site processing or for further on-site upgrading using leaching technology or other techniques

·       Very favourable results in HLS testing that produced a high grade concentrate with low iron and deleterious elements

·       Rejection of 90% of Ca-Mg (dolomite calcite) potentially acid consuming

·       All fractions tested produced similar results (No testing completed on the <0.85mm fraction)

·       Next phase, leach testing (dissolution testing) is currently underway

 

Mineralogy and HLS Testing

Mineralized samples were submitted to Process Mineralogical Consulting of Maple Ridge B.C..  Various tests were performed including optical mineralogy, ICP-OES analysis, andpowder X-ray diffraction to determine mineralogical compositions. Polished blocks were created for presentation to the Tescan Integrated Mineral Analyser (“TIMA”) in order to determine the mineral content as well as to determine the liberation and association constraints of the zinc bearing minerals which may affect the processing of the material for producing a zinc concentrate.

HLS testing was carried out in conjunction with the mineralogical studies with a view to determining the grade-recovery relationship for a composite sample of mineralization from the Lone Mountain Property in Nevada.  The sample was shipped to Met-Solve in Langlely B.C..  Following an established protocol for evaluating the response of mineralized material to HLS and based on the mineralogical investigations,  Met-Solve personnel reduced the size of the mineralized material and the sample was then split in half using a large riffle splitter.  Zinc deportment by particle size was determined prior to the HLS testing. Subsequent to particle size analysis, 16kg of sample was washed and screened and three prepared size fractions were tested at four specific gravity cut points.  The resulting products were assayed by sodium peroxide fusion at Met-Solve Analytical and a duplicate assay was done on at least one sample from each size fraction for quality control.  Only assaying was carried out on the fines material (<.85mm screened material).  A robust QA/QC protocol was not established or completed on the various sample fractions. Met-Solve and Nevada Zinc have determined that the process as outlined and completed is sufficient for the stage of the work being completed.  A process of back calculating the grade of the sample was also carried out to ensure the reliability of the results generally.

The primary conclusions of the HLS testing are summarized by Met-Solve as: “In general the sample responded favourably to heavy liquid separations; conventional trade-offs between concentrate grade and zinc recovery can be observed in the results. At an SG cut point of 2.85, 92% of the zinc was recovered into 53% of the mass at a grade of 25.1% Zn”.

“At an SG of 3.03, 79% of the zinc was recovered into 31% of the mass at a grade of 36.7% This indicates that a potentially saleable concentrate can be produced by a DMS (dense media separation) only process. Regarding the ability of HLS to lower the overall Mg-Ca carbonate content of the resultant concentrate Met-Solve conclude; “At an SG cut point of 3.03 90% of the calcium and magnesium was rejected while 79% of the zinc was recovered into 31`% of the mass at a grade of 36.7%.” In the RECOMMENDATIONS portion of the Met-Solve report, they report as follows; “The heavy liquid separation test results are encouraging. The results show that production of a high grade zinc product and rejection of the majority of the calcium and magnesium is attainable. From experience, Met-Solve have found agreement between HLS and DMS results to be very good.” Metsolve recommend that further testing usinga pilot scale Condor DMS plant be considered.

 About The Lone Mountain Project

The Lone Mountain Project (the “Property”), comprised of 218 claims covering approximately 4,000 acres and 100% owned by the Company through its wholly-owned US subsidiary, is subject to certain terms as per the underlying lease agreements disclosed on SEDAR (press release June 24, 2014 and various other filings including the Company’s MD&A’s filed on SEDAR).

The Property 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 Property includes the Mountain View Mine that is reported to have produced some 5 million pounds of zinc and some 0.6 million pounds of lead from small scale very high grade non-sulphide mineralization  Mineralization is located within brecciated Devils Gate Limestone and is thought to be structurally controlled, perhaps at the intersection of two fault systems.

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

Ish Grewal, P.Eng is a is a qualified person as that term is defined by National Instrument 43-101 on behalf of Met-Solve Laboratories Inc. and has approved the scientific and technical content contained in this press release ascribed to Met-Solve Laboratories Inc.

The Company has granted stock options to purchase 750,000 shares to directors, officers and consultants under the Company’s stock option plan at a price of $0.39 per share with an expiry date of April 6, 2021.

 

About Met-Solve Laboratories

Met-Solve Laboratories Inc., located in the Metro Vancouver area, is a B.C.based extractive metallurgy laboratory. Extractive metallurgy, the science of separating target minerals and metals from mineralized rock, is one of the key components in the determination of the feasibility of any mining project. Met-Solve is well versed in determining how responsive a particular ore body is to a variety of mineral beneficiation techniques, information which can then be used to determine recoveries, grades, processing costs and environmental impacts. Since inception in 2007, Met-Solve and its team of professional engineers have worked with mining projects of all sizes and at all stages of production from early stage geological assessments to metallurgical audits of operating plants. The depth and diversity of experience within the Met-Solve team has allowed the laboratory to develop customized flowsheets for the unique needs of all clients and continue to help clients achieve their goals for their mining projects.

 

About Nevada Zinc

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

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 Closing of $2,000,000 Financing

Toronto, Ontario (March 31, 2016) – Further to its news releases dated March 15, 16 and 23, 2016, Nevada Zinc Corporation (the “Company”) (TSX-V: NZN) is pleased to announce the completion of its previously announced non-brokered private placement for gross proceeds of $2,000,000 (the “Offering”) through the sale of 6,666,665 common shares in the capital stock of the Company (the “Shares”) at a price of $0.30 per Share.

In connection with the Offering, a finder’s fee (the “Finder’s Fee”) was paid to certain eligible finders in an amount equal to 8% of the Offering. The Finder’s Fee was comprised of $19,116 in cash and 469,613 common shares of the Company, at a deemed value of $0.30 per common share.  In addition, an aggregate of 533,333 non-transferrable share purchase warrants (“Finder’s Warrants”) were issued in an amount equal to 8% of the number of Shares placed by eligible finders pursuant to the Offering. Each Finder’s Warrant, which has an expiry date of March 31, 2018, entitles the holder to acquire one common share of the Company at an exercise price of $0.30 per common share.

All Shares are subject to a statutory four month and one day hold period expiring on August 1, 2016.

The net proceeds of the Offering will be used for exploration, metallurgical test work and general working capital purposes.

Norvista Capital Corporation (“Norvista”), an insider of the Company by virtue of its beneficial ownership of securities of the Company carrying more than 10% of the voting rights attached to all the Company’s outstanding voting securities, purchased 666,666 Shares pursuant to the Offering. Norvista Capital I Limited Partnership (“LP”), an institutional funding vehicle, of which a wholly-owned subsidiary of Norvista serves as the general partner of the LP, purchased 666,666 Shares pursuant to the Offering. Norvista now has beneficial ownership of, or control or direction over, an aggregate of 8,597,665 common shares of the Company or approximately 13% of the total common shares issued and outstanding. The participation of Norvista pursuant to the Offering constituted a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the policies of the TSX-V. The Company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(b) and 5.7(1)(a), respectively, of MI 61-101 on the basis that the Company is not listed on a specified stock exchange and, at the time the Offering was agreed to, neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the Offering, exceeded 25% of the Company’s market capitalization calculated in accordance with MI 61-101. The Company was not in a position to file a material change report more than 21 days in advance of the closing of the Offering as the details of participation by Norvista was not known at such time.

 

About Nevada Zinc Corporation

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

 

For further information contact:

Nevada Zinc Corporation
141 Adelaide St. West, Suite 1660
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.

Nevada Zinc increases private placement to $2-million

Toronto, Ontario – March 23, 2016

NEVADA ZINC INCREASES FINANCING BY 33% TO $2.0 MILLION

Nevada Zinc Corp. has seen increased investor demand in connection with its previously announced $1.5-million private placement on March 15, 2016. As a result of this additional demand, the corporation has increased the size of the offering by 33 per cent to a total of 6,666,666 common shares at a price of 30 cents per share for total gross proceeds to the corporation of $2-million. The offering is now fully subscribed and is expected to close on or about March 31, 2016.

The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and customary closing conditions for a transaction of this nature. The shares issued pursuant to the offering will be subject to a four-month-and-one-day statutory hold period.

About Nevada Zinc

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

For further information contact:

Nevada Zinc Corporation

141 Adelaide St. West, Suite 1660

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.