2015

Nevada Zinc Applies for Extension to Expiry Dates of Options

Toronto, Ontario--(Newsfile Corp. - December 2, 2015) - Nevada Zinc Corporation (TSXV: NZN) (the " Corporation") has applied to the TSX Venture Exchange (" TSX-V") for the extension of the expiry date of certain incentive stock options previously issued to officers and directors of the Corporation.

The Corporation is seeking to extend the term of an aggregate of 2,150,000 options originally issued on August 3, 2011 with an exercise price of $0.25 per share and an expiry date of August 3, 2016. The request extends the expiry date for these options for an additional five (5) years until August 3, 2021.

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
Suite 612 - 390 Bay St.Toronto, Ontario M5H 2Y2 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 APPOINTS DUANE PARNHAM CHAIRMAN

Toronto, Ontario – December 2, 2015 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is pleased to announce the appointment of Duane Parnham as director and Chairman of the Board of Directors of Nevada Zinc.

 

President and CEO, Bruce Durham commented on the appointment, “I have known Duane for more than 20 years and over that time I have seen how his commitment and ability have had a significant impact on the success of the companies that he has been involved with at both a board and senior management level. Duane’s proven history of developing mining projects in conjunction with his extensive capital markets experience will add considerable depth to our board and management team.”

Mr. Parnham has a successful track-record of developing exploration companies from start-up to fully permitted projects with considerable resources and reserves. This experience includes working internationally with governments and landowners to identify high-impact and underdeveloped projects, and providing the capital and managerial resources necessary to create shareholder value. Mr. Parnham has founded and developed multiple resource focused companies, including Giyani Gold Corp, Forsys Metals Corp., UNX Energy Corp., Canoe Mining Ventures Corp., and Temex Resources Corp.

In connection with his appointment, Mr. Parnham commented “I am extremely pleased to be joining Nevada Zinc’s team of highly successful industry professionals as they develop the Lone Mountain zinc project in Nevada.  This project is developing into a significant zinc discovery at a time when when large zinc mines are closing and there is a real shortage of good new discoveries.  Additionally, the project is located in one of the world’s top mining jurisdictions. My role as Chairman will allow Bruce and his team to focus on both technical and corporate matters as I assist in the marketing efforts for the Company.”

The Company has granted Mr. Parnham options to purchase 600,000 shares under the Company’s stock option plan at a price of $0.25 for a period of 5 years.

About Nevada Zinc

Nevada Zinc is a discovery driven, early-stage mineral exploration company with a management team that has a long record of successful exploration discoveries. The Company’s principal project is the Lone Mountain zinc project located near Eureka, Nevada.  The Company also holds title to a number of exploration properties in Yukon.

 

For further information contact:                     

Nevada Zinc Corporation 
Suite 612 - 390 Bay St.
Toronto, Ontario M5H 2Y2
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. The Company makes no representation that it will update any forward looking statement contained herein.

Norvista Capital Announces Equity Interest in Nevada Zinc Corporation

TORONTO, December 1, 2015 – Norvista Capital Corporation (“Norvista”) (TSXV: NVV) announces that on September 8, 2015, it acquired 10,000 common shares (the “Shares”) of Nevada Zinc Corporation (“Nevada Zinc”) (TSXV: NZN) at a price of $0.27 per Share through the facilities of the TSX Venture Exchange (“TSXV”). After giving effect to this purchase, Norvista owned, in the aggregate, 5,936,333 Shares, representing approximately 10.02% of Nevada Zinc’s issued and outstanding Shares.

The Shares were acquired for investment purposes only, however, Norvista will review its holdings from time to time and may increase or decrease its position as future circumstances may dictate. Norvista invests in an actively managed portfolio of private and public companies engaged in both base and precious metals exploration and development, with an investment strategy aimed to take advantage of the significant asset value compression in the resource sector over the past several years.

About Norvista

Norvista is a resource based merchant bank that began operations and was listed for trading on the TSX Venture Exchange in June of 2014. Norvista’s strategy is to capitalize on the significant asset value contraction that has occurred over the last several years in the resource industry, with particular emphasis on base metal projects. Norvista focuses its efforts on the pursuit of highly prospective exploration projects while balancing exploration risk through investment in small to mid-scale, pre-production, opportunities requiring partial or full completion of feasibility studies. Norvista takes a proactive role with its investee companies and in the majority of cases assumes management or advisory roles and/or seats on the board of directors of these companies. Management is of the view that current market conditions allow Norvista to significantly mitigate political and country risk by pursuing investments in some of the world’s top ranked mining jurisdictions.

For further information contact: Norvista Capital Corporation 390 Bay Street, Suite 612 Toronto, Ontario M5H 2Y2 Tel: (416) 504-4171 Don Christie, President and CEO dchristie@norvistacapital.com

CAUTIONARY STATEMENT: Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Drill Hole Assay Intervals Including 18.35% Zinc Over 108 Feet and 7.81% Zinc Over 70 Feet Found in Historic Data

Toronto, Ontario – November 25, 2015 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is pleased to announce that it has secured significant exploration data from exploration and mining work carried out at its recently acquired Mountain View Mine (“MVM”) and the surrounding area, in some cases dating back more than 70 years. The recently acquired data which came from two separate sources significantly enhances the data available to-date on the MVM property and expands the limit of the known mineralization on the Company’s Lone Mountain project. The files include partial diamond drill core assay results for 37 of 41 diamond drill holes completed on or near the recently acquired MVM property.
 
President and CEO, Bruce Durham commented on the acquisition of the historic data, “it always increases our understanding of a project when we can indirectly have the assistance of the previous operators. There are details in historic maps and reports that are of great assistance in the planning of our future exploration programs. In this case we have old drill results, maps of underground workings, geological maps of some underground workings as well as old smelter settlement records for ore shipments, all of which will be very helpful in moving our Lone Mountain project forward.”
 
Highlights

  • Records indicate that there were 41 generally very shallow surface drill holes completed during 1944 and 1945 to test for near surface zinc mineralization in the vicinity of the MVM mine workings and extending to the west to the general vicinity of the up-dip projection of the Company’s Discovery Zone of mineralization.
  • 33 holes are reported to have been drilled at a variety of angles, dips and and to various lengths. Virtually all of these holes intersected significant intervals of zinc mineralization.
  • 28 holes were drilled on or in close proximity to the MVM property and stretch across the projected strike length of the main zone from the west boundary to the east boundary of the MVM property, a distance of 180 metres.
  • None of these diamond drill holes are reported to have tested the main zones of zinc mineralization more than 250 feet below surface and most of the holes intersected the mineralization at depths of less than 100 feet.

 
Summary of Historic Information

  • The Company is working to ascertain the actual location of the holes so they can be included in an updated database of hole locations and drill hole intercepts. The holes can then be updated onto a longitudinal section in the plane of the main Discovery Zone of mineralization.
  • The most easterly hole drilled on the main zone reported shallow mineralization near the east boundary of the MVM property with intersections of 46 ft averaging 4.63% zinc and 17 feet averaging 8.8% zinc in the interval between 79 feet and 195 feet. It is not known if additional intervals were analyzed. No drilling is reported to the east of the MVM property.
  • The diamond drill hole assay intervals are all shallow and all of the drill holes on the MVM property are drilled at elevations of 100 feet above the collars of the Company’s drilling on its Discovery Zone of zinc and lead mineralization. No diamond drill holes tested the main zone of zinc mineralization at depths at which the Company has intersected broad zones of high grade zinc mineralization. One of the deepest intersections in the historic program near the west boundary of the MVM property, DDH -36 intersected two zones of mineralization: 31 feet grading 7.42% zinc and 26 feet grading 4.46% zinc. The bottom of the deeper section is at 226 feet below the collar of the hole.
  • The Company will provide further commentary and results on the data review as the evaluation of the data progresses. What can be said is that the work appears to have been carried out in a detailed and methodical manner.
  • The data obtained is all more than 60 years old and is therefore historic, incomplete, the assay methods are not known. No QA/QC is known to have been completed and therefore the information contained in this release must be considered to be historic in nature under NI 43-101 and therefore should not be relied upon. The Company does, however, consider the data to be of significance and of value for future work programs on the property.
  • Initial indications are that core recovery in the mineralized zones was very poor in some cases (not uncommon given drilling techniques 70 years ago).

 

Drill Plan Map

nznplan-nov25.png


Historic Drill Hole Results
 

DDH ID Depth (ft) From (ft) To (ft) Width (ft) % Zn
1 237 No data      
2 309 150.0 151.0 1.0 8.30
3 193 142.0 142.5 0.5 34.60
4 161 109.0 113.0 4.0 4.20
5 161 No data      
6 155 56.0 59.0 3.0 2.40
    112.5 116.0 3.5 5.50
7 247 64.5 74.5 10.0 3.70
    90.0 105.0 15.0 5.80
    117.0 137.0 20.0 15.30
8 67 16.5 17.5 1.0 22.80
8a 200 16.5 18.0 1.5 33.10
    137.5 142.0 4.5 3.50
9 298 11.0 36.5 25.5 14.15
    90.5 109.0 18.5 11.06
    238.5 248.0 9.5 2.93
    260.0 270.0 10.0 1.90
10 190 28.0 30.0 2.0 7.20
11 165 ? ? 5.0 4.00
12 55 30.0 45.0 15.0 13.66
13 220 17.5 46.0 28.5 6.50
14 212 28.0 30.0 2.0 18.50
15 165 125.0 131.0 6.0 25.80
16 155 79.0 90.0 11.0 4.28
17 97.5 26.0 28.0 2.0 6.40
18 100 46.5 51.0 4.5 2.60
    90.0 94.0 4.0 5.00
19 223 No mineralization      
20 297 79.0 125.0 46.0 4.63
    178.0 195.0 17.0 8.80
21 110 29.0 47.0 18.0 9.52
    70.0 85.0 15.0 13.70
22 107 35.0 54.0 19.0 22.53
    75.0 87.0 12.0 4.76
23 210 24.0 40.0 16.0 8.36
    54.0 76.0 22.0 21.90
24 110 65.0 92.0 27.0 7.27
25 200 96.0 141.0 45.0 11.83
    157.0 200.0 43.0 6.89
26 332 175.0 183.0 8.0 5.93
27 166 28.0 136.0 108.0 18.35
28 260 79.0 81.0 2.0 21.70
    105.0 170.0 65.0 8.84
29 145 No mineralization      
30 395 130.0 160.0 30.0 7.02
31 300 88.5 92.5 4.0 19.00
    203.0 205.0 2.0 15.40
32 294 No data      
33 729 No mineralization      
34 503 204.0 241.0 37.0 4.15
35 750 159.0 229.0 70.0 7.81
36 321 129.0 160.0 31.0 7.42
    200.0 226.0 26.0 4.46
37 695 No data      
38 359 111.0 117.0 6.0 3.00
    207.0 215.0 8.0 9.50
39 650 No data      
40 431 136.5 140.0 3.5 9.10
    153.0 161.0 8.0 5.40
41   256.0 263.5 7.5 18.40

The drill core assay results above are from 1944 and 1945 as summarized in a table in 1951-1952 and as such predate NI-43-101 starndards for disclosure for mineral projects. The data is therefore to be considered historic, it is  incomplete, and the assay methods are not known.

No QA/QC is known to have been completed and therefore the information contained in this release must be considered to be historic in nature under NI 43-101 and therefore should not be relied upon.  The drill collar locations and azimuths are being verified to help dertermine the quality of the historical work. True widths have not and cannot be calculated for the intervals in the table above. All data is in feet: to convert to metres multiply by 0.3048

 

The Mountain View Mine Property

Little information was readily available on the operations at the historic Mountain View Mine at the time the Company purchased the MVM property. In a Nevada State report by Roberts, R.J., Montgomery, K.M., and Lehner, R.E., (1967) and titled Geology and Mineral Resources of Eureka County, Nevada, Nevada Bureau of Mines and Geology, Bull. 64, the following is indicated:

Production years were from 1942-1964 and production totalled 4,952,627 lb of zinc, 649,579 lb of lead, 4,040 oz of silver and 600 lb of copper (no data provided or available for 1950).

Roberts et al (1967) reported the first claims were located in the area in 1920 for zinc. Production was small until 1942 when high grade zinc carbonate was discovered on the Mountain View claim. An underground mine was established with levels on the 44-foot and 82-foot levels. Production in 1942-1943 totalled 2,284 short tons grading 28.8% zinc and 4% lead. Production to 1964 amounted to 4,952,627 lb. of zinc, 649,579 lb. of lead, 4,040 oz of silver and 600 lb of copper. The mineralogy of the ore was reported to be smithsonite, zincite, hydrozincite and cerussite, malachite, and azurite. It was reported that small amounts of sulphide were present locally, principally, sphalerite, galena, chalcopyrite, and pyrite. A small drill program was reported to have been completed in areas proximal to the MVM properety which indicated the presence of additional mineralization.  Mineralization is located within brecciated Devils Gate Limestone and is thought to be structurally controlled, perhaps at the intersection of two fault systems (Roberts et al.).

It is not known if any mining or exploration has been completed on the MVM property since 1964.


About The Lone Mountain Project

The Lone Mountain project (the “Property”) which is 100% owned by the Company is comprised of 218 claims covering approximately 4,000 acres and 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 nowincludes the Mountain View Mine.
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.
 

About Nevada Zinc

Nevada Zinc is a discovery driven, early-stage 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 projects are located in Nevada and Yukon.

For further information contact:  
                   
Nevada Zinc Corporation 
Suite 612 - 390 Bay St.
Toronto, Ontario M5H 2Y2
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 BUYS 100% INTEREST IN HISTORIC HIGH GRADE NEVADA ZINC LEAD MINE

Toronto, Ontario – September 30, 2015 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is pleased to announce it has purchased a 100% interest in the Mountain View Mine (“MVM”) located within the Company’s Lone Mountain Zinc Project. The MVM, which has been a key outstanding acquisition target since the Company commenced exploration and drilling in the Lone Mountain area roughly one year ago, cements the Company’s holdings in the area to 100% of all mineral titles in the Lone Mountain area. The MVM property boundary is located within 60 metres of the closest point of drilling on the Company’s Discovery Zone and approximately 200 metres from the Company’s latest drill hole, LM-15-36 which intersected very significant high grade zinc and lead mineralization averaging 9.49% zinc and 1.34% lead,(10.83% zinc + lead) over a 91.44 metre (300 foot) interval.

President and CEO, Bruce Durham commented on the acquisition:  “We have continued to intersect long intervals of high grade mineralization that expand the overall footprint of the Discovery Zone. We knew that in order to expand the footprint of the mineralization much farther to the southeast we needed to acquire the Mountain View Mine property. We managed to purchase 100% of the propertry with no further obligations and we can now go back to work on expanding the footprint of the Discovery Zone and also commence an evaluation of the various targets around the Mountain View Mine workings.”

Highlights

·         The MVM is reported to have produced some 5 million pounds of zinc and some 0.6 million pounds of lead from non-sulphide mineralization comprised of smithsonite, zincite, hydrozincite and cerussite.

·         Production statistics from the MVM indicate that mining of high grade zinc (and lesser lead) was carried out intermittently between 1942 and 1964.

·         Recently reported drill hole LM-15-33 intersected zinc-lead mineralization from 146.3 to 152.4 metres, an interval of 6.1 metres that averaged 2.71% zinc and 0.41% lead (3.12% zinc + lead) approximately 60 metres to the northwest of the nearest point of the MVM property.

·         Recently reported drill hole LM-15-34 intersected zinc-lead mineralization from 128.02 to 144.78 metres, an interval of 16.76 metres that averaged 4.20% zinc and 1.76% lead (5.96% zinc+lead) approximately 60 metres to the northwest of the nearest point of the MVM property.

·         The Company’s most recent drill hole, LM-15-36 intersected a 91.44 metre zone of high grade zinc and lead mineralization in the interval from 146.30 to 237.74 metres thataveraged 9.49% zinc and 1.34% lead (10.83% zinc+lead). Importantly there is no drilling beyond the long high grade interval intersected in drill hole LM-15-36 so the ultimate dimensions of the Discovery Zone remain open to further significant expansion toward and away from the MVM property. This hole is located approximately 200 metres from the closest point of the MVM property.

·         The most recent drill program results (Phase 3) expanded the footprint of the Discovery Zone of mineralization up-dip, down-dip as well as along strike in both directions from the discovery first reported in the Company’s press release dated November 19, 2014.

·         Drill holes completed in the first three phases of drilling define an area of mineralization over a 180 metre strike length, over a dip length of up to 250 metres and that averages approximately 40 metres in thickness (varying from a few metres to more than 100 metres). Mineralization at the Discovery area remains open to further expansion including in the area beyond drill holes LM-15-33, and LM-15-34 near the MVM property.

·         Plans are underway for a Phase 4 drill program that will focus on the expansion of the Discovery Zone mineralization and some initial testing for mineralization on the newly acquired MVM property.

Drilling Plan Map

The Mountain View Mine Property

Little information is readily available on the operations at the historic Mountain View Mine. In a Nevada State report by Roberts, R.J., Montgomery, K.M., and Lehner, R.E., (1967) and titled Geology and Mineral Resources of Eureka County, Nevada, Nevada Bureau of Mines and Geology, Bull. 64, the following is indicated:

Production years were from 1942-1964 and production totaled 4,952,627 lb of zinc, 649,579 lb of lead, 4,040 oz of silver and 600 lb of copper (no data provided or available for 1950).

Roberts et al (1967) reported the first claims were located in the area in 1920 for zinc. Production was small until 1942 when high grade zinc carbonate was discovered on the Mountain View claim. An underground mine was established with levels on the 44-foot and 82-foot levels. Production in 1942-1943 totalled 2284 short tons grading 28.8% zinc and 4% lead. Production to 1964 amounted to 4,952,627 lb. of zinc, 649,579 lb. of lead, 4,040 oz of silver and 600 lb of copper. The mineralogy of the ore was reported to be smithsonite, zincite, hydrozincite and cerussite, malachite, and azurite. It was reported that small amounts of sulphide were present locally, principally, sphalerite, galena, chalcopyrite, and pyrite. A small drill program was reported to have been completed in areas proximal to the MVM properety which indicated the presence of additional mineralization.  Mineralization is located within brecciated Devils Gate Limestone and is thought to be structurally controlled, perhaps at the intersection of two fault systems (Roberts et al.).

It is not known if any mining or exploration has been completed on the MVM property since 1964.

At this point the Company has little more information about the mining and exploration activities on the MVM although it is known that some additional information is likely available from private sources. The Company will endeavor to secure as much data as reasonably possible prior to commencing work on the property.

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 nowincludes 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 non-sulphide mineralization comprised of smithsonite, zincite, hydrozincite and cerussite.

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.

About Nevada Zinc

Nevada Zinc is a discovery driven, early-stage 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 projects are located in Nevada and the Yukon.

For further information contact:                     

Nevada Zinc Corporation 
Suite 612 - 390 Bay St.
Toronto, Ontario M5H 2Y2
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 Zinc-Lead Mineralization 91.44M (300 ft) Grading 9.49% Zinc and 1.34% Lead (10.83% Zinc+Lead)

Toronto, Ontario – July 22, 2015 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) announces that additional Phase 3 drill hole results show the continuation of the zinc mineralization at the Discovery Zone both down-dip and along strike. Highlight drill hole LM-15-36 intersected very significant high grade zinc and lead mineralization averaging 9.49% zinc and 1.34% lead over a 91.44 metre (300 foot) interval. Drill hole LM-15-36 hole was drilled to intersect the deeper extension of the broad zone of mineralization recently reported in drill hole LM-15-27 (press release June 1, 2015) and is now the deepest hole drilled on the Discovery Zone which still remains open to expansion down dip from this location as well as in both directions along strike.  

President and CEO, Bruce Durham commented on the results:  “We continue to intersect long intervals of high grade zinc lead mineralization and also expand the overall footprint of the Discovery Zone. Importantly there is no drilling beyond the long high grade interval intersected in drill hole LM-15-36 so the ultimate dimensions of the Discovery Zone remain open to further significant expansion.”

 

Highlights

  • Drill hole LM-15-33 (-75 degrees) intersected zinc-lead mineralization from 146.30 to 152.40 metres, an interval of 6.10 metres that averaged 2.71% zinc and 0.41% lead (3.12% zinc+lead).
  •  Drill hole LM-15-34 (-65 degrees) intersected zinc-lead mineralization from 128.02 to 144.78 metres, an interval of 16.76 metres that averaged 4.20% zinc and 1.76% lead (5.96% zinc+lead).
  • Drill hole LM-15-36 (-81 degrees) intersected a 91.44 metre zone of high grade zinc and lead mineralization in the interval from 146.30 to 237.74 metres that  averaged 9.49% zinc and  1.34% lead (10.83% zinc+lead).
  • Drill hole LM-15-36 included a very high grade interval of 22.84% zinc and 2.64% lead (25.48% zinc+lead) over an interval of 21.34 metres within the above noted broad zone of mineralization.
  • The Phase 3 drill program results expand the footprint of the Discovery Zone mineralization of mineralization up-dip, down-dip as well as along strike in both directions from the discovery first reported in the Company’s press release dated November 19, 2014.
  • Drill holes completed in the first three phases of drilling define an area of mineralization over a 180 metre strike length, over a dip length of up to 250 metres and that averages approximately 40 metres in thickness (varying from a few metres to more than 100 metres). Mineralization at the Discovery area remains open to further expansion including in the area beyond the hole 27 and 36 intersections, which intersected the thickest intervals and highest overall grades to date.
  • Plans are underway for a Phase 4 drilling program that will commence once BLM surface disturbance approval is received. 

Drilling Plan Map

Drilling Sections

Drilling Details

Reverse circulation drill holes LM-15-33 and LM-15-34 were drilled from a location approximately 30 metres beyond the southeast limit of the Company’s previous holes LM-15-21 and LM-15-22 on the Discovery Zone. Drill hole LM-15-33 and LM-15-34 successfully identified zinc and lead mineralization with drill hole LM-15-33 intersecting a 6.1 metre interval assaying 2.71% zinc and 0.41% lead (3.12% zinc+lead) while drill hole LM-15-34, (drilled steeper from the same setup) intersected a wider and higher grade interval of 1.76 metres assaying 4.20% zinc and 1.76% lead (5.96% zinc+lead). No drilling has been completed beyond these holes on this section or farther to the southeast and therefore the Discovery Zone mineralization remains open to further expansion in this area and extending toward the historic Mountain View mine.

Reverse circulation drill hole LM-15-36 was drilled to test for the extension of mineralization and the presence of non-sulphide zinc mineralization down dip from the deepest previous hole on the Northwest Section, drill hole LM-15-27 which intersected broad areas of mineralization that included significant high grade values as reported in the Company’s prior press release dated June 1, 2015 LM-15-27 (118.87 metres at 9.58% zinc and 0.74% lead – 10.32% zinc+lead). As noted in that release, some of the other long intervals, the upper, 10.67 metre interval beginning at 131.06 is more lead rich averaging 4.44% lead in addition to 1.97%zinc. The other two high grade intervals in the overall 118.87 metre interval are predominantly zinc rich; the first interval of 15.24 metres assaying 27.82% zinc and the latter, a 9.14 metre interval assaying 26.62% zinc. This sequence is similar to other long intersections previously announced. It is important to note that the intersection in drill hole LM-15-36 is one of the best holes drilled by the Company and also noteworthy that no drilling has been reported along strike to the west or deeper on this section. 

Hole ID From (m) To (m) Interval (m) Zn (%) Pb (%) Zn+Pb (%)
LM-15-33 146.30 152.40 6.10 2.71 0.41 3.12
 
LM-15-34 128.02 144.78 16.76 4.20 1.76 5.96
including
LM-15-34 138.68 141.73 3.05 12.70 6.91 19.61
and
LM-15-34 192.02 195.07 3.05 10.06 0.00 10.06
 
LM-15-36 146.30 237.74 91.44 9.49 1.34 10.83
including
LM-15-36 149.35 170.69 21.34 22.84 2.64 25.48

Based on the results of the drilling competed to date the Company is unable to determine the
true width of the intersections reported in this and prior releases. Reverse circulation drill hole LM-15-35 contained no significant values.

The Phase 3 reverse circulation drilling targeted the extension of dimensions of the non-sulphide mineralized zones tested in the Phase 1 and Phase 2 drill programs and also included drill testing the proximal portion of the well-defined zinc in soil geochemical anomaly. The Company met this objective and plans to further extend the limits of the zone of mineralization in a Phase 4 drill program. Work is also underway on a number of technical fronts that will include preliminary work on the characteristics of the mineralization. The Phase 3 drilling included a limited program of broad spaced drill testing of a strong soil geochemical anomaly that appears to correlate with the interpreted location of the surface expression of the zinc-lead mineralized zones of interest. Four additional shallow drill holes (LM-15-29-32) designed to test the near surface expression of the geochemical anomaly did not intersect significant values although previously announced drill hole LM-15-28 drilled on the geochemical soil target intersected near surface mineralization over 6.09 metres grading 2.98% zinc. A second well defined soil geochemical anomaly that is primarily lead enriched with lesser anomalous zinc appears to roughly correlate with the location of the more northerly part of the drill holes completed to date including the areas of the collars of holes LM-15-27 and LM-15-36. Each of these anomalies extends for 1400 metres northwest from the Mountain View mine claim. Additional geochemical data has been collected to the southeast of the Mountain View mine claims that shows an extension of the soil geochemical anomaly to the southeast of the Mountain View mine.

 

About Lone Mountain

The Property is comprised of 217 claims covering approximately 4,000 acres and is held 100% by Nevada Zinc subject to certain terms as per the underlying agreements disclosed on SEDAR (press release June 24, 2014).

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 generally available. The property surrounds the former Mountain View mine that is reported to have produced some 5 million pounds of zinc and some 0.6 million pounds of lead from non-sulphide mineralization comprised of smithsonite, zincite, hydrozincite and cerussite.

The Company maintains a QA/QC program on the analytical process. Additional assay results will be released when received and subsequent to passing QA/QC review.

 

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 scientific and technical content contained in this press release.

About Nevada Zinc

Nevada Zinc is a discovery driven, early-stage 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 projects are located in Nevada and the Yukon.

For further information contact:                     

Nevada Zinc Corporation 
Suite 612 - 390 Bay St.
Toronto, Ontario M5H 2Y2 
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 Long High-Grade Interval of Zinc-Lead Mineralization 118.9M (390ft) Grading 9.58% Zinc and 0.74 Lead (10.32% Zinc+Lead)

Toronto, Ontario – June 1, 2015 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) announces that the first Phase 3 drill hole results show the continuation of the zinc mineralization at the Discovery Zone both down-dip and near-surface. Highlight drill hole LM-15-27 intersected significant high-grade zinc and lead mineralization averaging 9.58% zinc and 0.74% lead (10.32% zinc+lead) over a 118.87 metre (390 foot) interval. This hole is the deepest hole released to date on the Northwest Section. The Discovery Zone remains open to expansion down-dip from this location and to the northwest at this depth.  

President and CEO, Bruce Durham commented on the results: “Hole 27 is Nevada Zinc’s best hole to date and its 118 metre intersection is truly exceptional, it really demonstrates that this zone has both size potential and excellent grades. Most importantly, the extension of this portion of the mineralized zone remains completely untested”.

Highlights

·         Drill hole LM-15-26 (-80 degrees) intersected a zone of zinc and lead mineralization from 155.45 metres to 182.89 metres with the 27.44 metre interval assaying 3.23% zinc and 0.18% lead (3.41% zinc+lead).

·         Drill hole LM-15-27 (-70 degrees) intersected a number of zones of high-grade zinc and lead mineralization in the interval from 126.49 metres to 245.36 metres with the entire 118.87 metre interval assaying 9.58% zinc and 0.74% lead (10.32% zinc+lead).

·         Highest-grade interval in hole LM-15-27 assayed 27.82% zinc and 1.25% lead (29.07% zinc+lead) over 15.24 metres.

·         Drill hole LM-15-28 (-45 degrees) intersected near-surface mineralization from 59.44 metres to 65.53 metres, an interval of 6.09 metres grading 2.98% zinc.

·         Drilling results from this first part of the Phase 3 drill program expands the footprint of the  Discovery zone area of mineralization up-dip, down-dip and to the northwest of the discovery first reported in the Company’s press release dated November 19, 2014.

·         Drill holes reported to date consistently define an area of mineralization intersected over a 150 metre strike length, over a dip length of nearly 250 metres and averaging approximately 40 metres. Other areas of mineralization have been intersected outside the Discovery Zone including in holes LM-14-16,17,18 and LM-15-28. Mineralization at the Discovery Zone remains largely open in all directions to further expansion, especially along strike and at depth.

Drilling Plan Map

Drilling Details

Reverse circulation drill hole LM-15-26 was drilled from a location behind hole LM-14-14 and was designed to test for the presence of non-sulphide zinc mineralization down-dip from discovery hole LM-14-01. The hole intersected more than one area of mineralization, the longest of which was a 27.44 metre interval from 155.45 metres to 182.89 metres that assayed 3.23% zinc and 0.18% lead (3.41% zinc+lead) as shown in the accompanying table and on the Discovery cross section. Hole LM-15-26 is the hole on the Discovery Section to date and extends the limit of the mineralization an additional 30 metres. Mineralization has been intersected in every hole on the Discovery Section and the zone of mineralization remains open to further expansion both up and down-dip.  

Reverse circulation drill hole LM-15-27 was drilled from behind the setup for hole LM-14-05 and was designed to test for the presence of non-sulphide zinc mineralization down-dip from the deepest previous hole on the Northwest Section. Drill hole LM-15-27 intersected broad areas of mineralization that included significant high-grade values as shown in the table below. As has been noted in some of the other long intervals, the upper, 10.67 metre interval beginning at 131.06 is more lead-rich averaging 4.44% lead in addition to 1.97% zinc. The other two high-grade intervals in the overall 118.87 metre interval are predominantly zinc rich; the first interval of 15.24 metres assaying 27.82% zinc and the latter, a 9.14 metre interval assaying 26.62% zinc. This sequence is similar to other long intersections previously announced. It is particularly important to note that these are the best assay results received by the company to date and it is also noteworthy that no drilling has been reported along strike to the west or deeper on this section. 

Reverse circulation drill holes LM-15-28 and LM-15-29 were drilled from the same setup at -45 and -90 degrees respectively to test for the presence of non-sulphide zinc mineralization near-surface on or near the Northwest Section, well up-dip from drill holes LM-14-05, 06, 07 and LM-15-27. Drill hole LM-15-28 intersected a near-surface area of mineralization that included a 6.09 metre interval from 59.44 metres to 65.53 metres that assayed 2.98% zinc as shown in the accompanying table and on the Northwest Section. Hole LM-15-28 is the shallowest hole on the Northwest Section to date. Mineralization in this hole is located some 300 metres from the long, high-grade intersection in hole LM-15-27. Mineralization has been intersected in every hole on the Northwest Section, except hole LM-15-28 and the zone of mineralization remains open to further expansion.

Northwest Section

June 1st, 2015 Assay Results - Northwest Section
Int # Hole ID From
(m)
To
(m)
Interval
(m)
Zn
(%)
Pb
(%)
Zn+Pb
(%)
27A LM-15-27 126.49 245.36 118.87 9.58 0.74 10.32
including
27B LM-15-27 131.06 141.73 10.67 1.97 4.44 6.41
27C LM-15-27 160.02 175.26 15.24 27.82 1.25 29.07
27D LM-15-27 217.93 227.08 9.14 26.62 0.63 27.25
               
28A LM-15-28 59.44 67.06 7.62 2.70 0.00  2.70
including
28B LM-15-28 59.44 65.53 6.09 2.98 0 2.98

Previously Reported Assay Results - Northwest Section
Int # Hole ID From
(m)
To
(m)
Interval (m) Zn
(%)
Pb
(%)
Zn+Pb
(%)
5A LM-14-05 112.78 182.88 70.1 1.05 1.82 2.87
including
5B LM-14-05 12.78 163.07 50.29 0.94 2.50 3.44
including
5C LM-14-05 112.78 135.64 22.86 0.83 5.34 6.17
               
6A LM-14-06 102.11 166.12 64.01 5.87 1.11 6.98
including
6B LM-14-06 105.16 121.92 16.76 19.82 3.76 23.58
               
7A LM-14-07 94.49 96.01 1.52 3.68 0.02 3.7
including
7B LM-14-07 147.83 156.97 9.14 2.99 0.11 3.1

Discovery Section

June 1st, 2015 Assay Results - Discovery Section
Int # Hole ID From
(m)
To
(m)
Interval
(m)
Zn
(%)
Pb
(%)
Zn+Pb
(%)
26A LM-15-26 155.45 182.89 27.44 3.23 0.18 3.41

Previously Reported Assay Results - Discovery Section
Int # Hole ID From (m) To (m) Interval (m) Zn (%) Pb (%) Zn+Pb (%)
01A LM-14-01 114.3 204.22 89.92 6.22 1.34 7.56
including
01B LM-14-01 114.3 118.87 4.57 2.39 22.82 25.21
01C LM-14-01 144.78 158.5 13.72 10.56 0.64 11.2
               
02A LM-14-02 108.2 185.93 77.73 2.76 0.29 3.05
including
02B LM-14-02 108.2 112.78 4.58 4.35 2.17 6.52
02C LM-14-02 166.12 185.93 19.81 9.08 0.04 9.12
               
04A LM-14-04 121.92 167.03 45.11 11.62 0.25 11.87
including
04B LM-14-04 147.83 163.07 15.24 33.06 0.61 33.67
               
13A LM-14-13 109.73 169.16 59.43 7.32 0.64 7.96
including
13B LM-14-13 143.26 161.54 18.28 22.01 0.93 22.94
including
13C LM-14-13 143.26 150.88 7.62 30.47 2.12 32.59
13D LM-14-13 156.97 161.54 4.57 32.76 0.11 32.87
14A LM-14-14 120.4 213.36 92.96 3.47 1.33 4.8
including
14B LM-14-14 120.4 185.93 65.53 4.49 1.88 6.37
               
23A LM-14-23 117.35 135.64 18.29 3.76 0.01 3.77
including
23B LM-14-23 117.35 118.87 1.52 11.45 0.03 11.48
23C LM-14-23 123.44 135.64 12.19 4.21 0.01 4.22
               
24A LM-14-24 96.01 146.3 50.29 5.05 0.21 5.26
including
24B LM-14-24 97.54 103.63 6.1 11.22 0.39 11.61
24C LM-14-24 134.11 140.21 6.1 21.81 0.92 22.73
               
25A LM-14-24 117.35 120.40 3.05 3.86 0.00 3.86

Based on the results of the entire phase 1, phase 2, and phase 3 drill programs the Company is currently unable to determine the true width of the intersections reported in this and prior releases.

The Phase 3 drill program was mostly comprised of reverse circulation drilling targeted at extending the known dimensions of the non-sulphide mineralized zones tested in the Phase 1 and Phase 2 drill programs and also included drill testing the proximal portion of the well-defined zinc in soil geochemical anomaly. The Company met this objective and plans to further extend the limits of the zone of mineralization in a Phase 4 drill program. Work is also underway on a number of technical fronts that will include preliminary work on the characteristics of the mineralization. The Phase 3 drilling included a limited program of broad-spaced drill testing of a strong soil geochemical anomaly that appears to correlate with the interpreted location of the surface expression of the zinc-lead mineralized zones of interest. A second well-defined anomaly that is primarily lead with lesser anomalous zinc appears to roughly correlate with the location of the more easterly part of the drill holes completed to date. Each of these anomalies extend for 1,400 metres northwest from the Mountain View mine claim. Additional geochemical data has been collected to the southeast of the Mountain View mine claim that shows an extension to the southeast of the Mountain View mine.

About Lone Mountain

The Property is comprised of 217 claims covering approximately 4,000 acres and is held 100% by Nevada Zinc subject to certain terms as per the underlying agreements disclosed on SEDAR (press release June 24, 2014).

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 generally available. The property surrounds the former Mountain View mine, reported to have produced some 5 million pounds of zinc and some 0.6 million pounds of lead from non-sulphide mineralization comprised of smithsonite, zincite, hydrozincite and cerussite.

The Company maintains a QA/QC program on the analytical process. Additional assay results will be released when received and subsequent to passing QA/QC review.

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 scientific and technical content contained in this press release.

About Nevada Zinc

Nevada Zinc is a discovery-driven, early-stage 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 projects are located in Nevada and the Yukon.

For further information contact:                     

Nevada Zinc Corporation 
Suite 1500 - 4 King St. W.
Toronto, Ontario M5H 1B6 
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 Extends Discovery Zone Mineralization Results Include 5.05% Zinc Over 50.29 Metres

Toronto, Ontario – April 23, 2015 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) announces that the final Phase 2 drill  results show the continuation of the zinc mineralization at the Discovery Zone both to the southwest (up-dip) and to the southeast (along strike). Drill hole LM-15-24 intersected significant zinc mineralization averaging 5.05% zinc and 0.21% lead over a 50.29 metre (165 foot) interval closer to surface than other previously announced drill holes. Drill holes LM-15-21 and LM-15-22 extend the southeasterly extent of the mineralization by approximately 30 metres.  The Company recently received BLM drilling authorization for additional work on the Lone Mountain property (the “Property”) and the Company reports that the Phase 3 drill program at the Property has now commenced.
 
President and CEO, Bruce Durham commented on the results: “The latest drill results continue to expand the footprint of the Discovery Zone mineralization along strike and up dip from previously released assay results. We now have a drill section influence of approximately 150 metres and we have traced the mineralization along its dip plane for some 250 metres. The thickness of the intersections is variable but so far they appear to average 30-40 metres. The key point is that the zone remains virtually wide open in all directions”.
 
Highlights

 
  • Drill hole LM-15-21 (-75 degrees) intersected three zones of zinc and lead mineralization in the interval from 138.68 to 210.31 with the longest section being 12.19 metres averaging 3.14% zinc with only minor lead.
  • Drill hole LM-15-22 (-65 degrees) intersected four zones of zinc and lead mineralization in the interval from 134.11 to 233.17 with the longest section being 36.58 metres averaging 3.90% zinc with only minor lead.
  • Drill hole LM-15-23 (-45 degrees) first intersected anomalous zinc at 85.34 metres. From 85.34 metres many sample intervals were not recovered through to 135.64 metres. Where sample material was recovered, assays ranged from 0.2% zinc up to 11.45% zinc. Due to the number of missing samples, no real average for the 50.3 metre interval could be calculated. However, the interval from 117.35 to 135.64 metres averaged 3.76% zinc even including zero grade assigned to and averaged into 50% of the interval.
  • Drill hole LM-15-24 (-60 degrees) intersected a broad zone of zinc and lead mineralization in the interval from 96.01 to 146.30 that averaged 5.05% zinc and 0.21% lead, including higher grade intervals as shown in the accompanying table. One interval from 134.11 to 140.21 assayed 21.81% zinc and 0.92% lead over 6.10 metres.
  • Drill hole LM-15-25 (-50 degrees) intersected a narrow zone of zinc and lead mineralization in the interval from 117.35 to 120.40 that averaged 3.86% zinc (drilled off section).
  • The assay results from the Phase 1 and early Phase 2 drill holes indicate the presence of intervals of significant zinc-lead mineralization up-dip, down-dip and in both directions along strike from the high grade zinc lead Discovery Zone first reported in the Company’s press release dated November 19, 2014 as well as at a location some 200 metres to the southeast.
  • A strong coherent zinc in soil anomaly accompanies the up-dip projection of the mineralization for a minimum 1400 metre length parallel to stratigraphy.
  • Phase 3 drill program has commenced.


Drilling Plan Map

Drilling Sections

Discovery Section

 

Drilling Cross Section

Drilling Details

Reverse circulation drill holes LM-15-21 and LM-15-22 were drilled from the same setup to test for the presence of non-sulphide zinc mineralization along trend from the Discovery Zone and toward the historic Mountain View mine. Each of the holes intersected more than one area of mineralization as shown in the table and on the cross sections. The zone remains open to the southeast toward the Mountain View mine  

Reverse circulation drill holes LM-15-23 LM-15-24, and LM-15-25 were drilled from the same setup to test for the presence of non-sulphide zinc mineralization up dip from the Discovery Zone on the Discovery Zone section. Each of the holes LM-15-23 and LM-15-24 intersected more than one area of mineralization as shown in the table and on the cross sections. The zone remains open to the southwest up dip toward surface. Drill hole LM-15-23 intersected broad areas of mineralization that included significant high grade values as shown in the table. Drill hole LM-15-24 intersected zinc mineralization over a 50 metre interval although less than half of the 1.52 metre sample intervals were recovered and available for analysis. The best recovered interval in this hole had only half of the sample intervals available for analysis and therefore half of the samples were included at zero grades for zinc and lead but still averaged 3.76% zinc over 18.28 metres. The Company plans to attempt to re-drill this area in the future.  

Drilling Results

Significant assays from the drill program are presented in the following tables:

RC Hole ID: LM-15-21

From (m) To (m) Interval (m) Zn (%) Pb (%) Zn+Pb (%)
138.68 147.83 9.15 1.44 1.63 3.07
153.92 158.50 4.58 3.31 0.13 3.44
198.12 210.31 12.19 3.14 0.01 3.15


RC Hole ID: LM-15-22

From (m) To (m) Interval (m) Zn (%) Pb (%) Zn+Pb (%)
134.11 149.35 15.24 2.59 0.69 3.28
167.64 204.22 36.58 3.90 0.03 3.93
214.88 216.41 1.52 5.71 0.00 5.71
230.12 233.17 3.05 2.91 0.08 2.99


RC Hole ID: LM-15-23

From (m) To (m) Interval (m) Zn (%) Pb (%) Zn+Pb (%)
117.35 135.64 18.29 3.76 0.01 3.77
including
117.35 118.87 1.52 11.45 0.03 11.48
123.44 135.64 12.19 4.21 0.01 4.22


RC Hole ID: LM-15-24

From (m) To (m) Interval (m) Zn (%) Pb (%) Zn+Pb (%)
96.01 146.30 50.29 5.05 0.21 5.26
including
97.54 103.63 6.10 11.22 0.39 11.61
134.11 140.21 6.10 21.81 0.92 22.73


RC Hole ID: LM-15-25

From (m) To (m) Interval (m) Zn (%) Pb (%) Zn+Pb (%)
117.35 120.40 3.05 3.86 0.00 3.86



Based on the results of the entire phase 1 + phase 2 drill programs the Company is currently unable to determine the
 true width of the intersections reported in this and prior releases.

The Phase 2 drill program was mostly comprised of reverse circulation drilling targeted at extending the known dimensions of the Discovery Zone tested in the Phase 1 drill program and drill testing the known and interpreted zinc-lead mineralization identified in the studies completed in the Phase 1 drill program. The Company met this objective and plans to further extend the limits of the Discovery Zone in the Phase 3 drill program. Work also commenced on a number of technical fronts that will include preliminary work on the characteristics of the mineralization. The Company has designed a program of broad spaced drill testing of a strong soil geochemical anomaly that appears to correlate with the interpreted location of the surface expression of the zinc-lead mineralized zones of interest. The surface trace of the strongest zinc in soil anomaly also correlates well with the on-strike location of the historic zinc mine on the Mountain View mine claim. A second well defined anomaly that is primarily lead with lesser anomalous zinc appears to roughly correlate with the location of the more easterly part of the drill holes completed to date. Each of these anomalies extends for 1400 metres northwest from the Mountain View mine claim. Additional geochemical data has been collected to the southeast of the Mountain View mine claims and is currently being evaluated.


About Lone Mountain

The Property is comprised of 217 claims covering approximately 4,000 acres and is held 100% by Nevada Zinc subject to certain terms as per the underlying agreements disclosed on SEDAR (press release June 24, 2014).

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 generally available. The Property surrounds the former Mountain View mine that is reported to have produced some 5 million pounds of zinc and some 0.6 million pounds of lead from non-sulphide mineralization comprised of smithsone, zincite, hydrozincite and cerussite.

The Company maintains a QA/QC program on the analytical process. Additional assay results will be released when received and subsequent to passing QA/QC review.


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 scientific and technical content contained in this press release.

About Nevada Zinc

Nevada Zinc is a discovery driven, early-stage 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 projects are located in Nevada and Yukon.

For further information contact:                     

Nevada Zinc Corporation 
Suite 1500 - 4 King St. W.
Toronto, Ontario M5H 1B6 
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 High Grade Zinc Mineralization Including: 18.32% Zinc over 6.10 metres

Toronto, Ontario – April 8, 2015 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) announces that the latest Phase 2 drill holes on the Company’s Lone Mountain property (the “Property”) intersected significant zinc mineralization in a location more than 200 metres from any drilling reported to date. The significant zinc mineralization in the drill holes is projected to correlate directly with the location of a 1400 metre long surface zinc geochemical anomaly on the Property in Eureka County, Nevada.  The Company has now received BLM drilling authorization for drilling in new areas and will commence Phase 3 drilling at various Property sites this month.

President and CEO, Bruce Durham commented on the recent results: “These latest drill results, more than 200 metres along strike from previously released assay results, considerably expand the footprint of the Company’s discovery and definitely shows that there is more than one area of zinc mineralization on the Property.  We have discovered this mineralization near surface and very close to the 1400 metre long soil geochem anomaly which gives us confidence that we will discover more zinc mineralization by targeting this anomaly with the Phase 3 drill program scheduled to start next week.”

Drilling Cross Section

The first hole in this area, LM-15-16 (-45 degrees) intersected shallow zinc mineralization that averaged 11.05% zinc over a hole length of 10.67 metres (35 feet). The mineralization was intersected at a vertical depth of only 25 metres.

The second hole from the same setup, LM-15-17 (-90 degrees), intersected the same mineralized system as hole LM-15-16 with the zinc mineralization averaging 3.04% over 22.86 metres (75 feet) including a higher grade interval averaging 5.21% zinc over an interval of 12.19 metres (40 feet). The top of the mineralized zone is located 35 metres below surface.

The third hole at this location drilled between the initial two holes, LM-15-18 (-66 degrees) intersected the widest interval of mineralization and averaged 6.14% zinc over 47.25 metres (155 feet), including a high grade interval of 18.32% zinc over a 6.1 metre (20 feet) interval. The top of the mineralized zone is 27 metres below surface.

Two other holes in this area, LM-15-19 and LM-15-20 did not intersect significant mineralization although one hole, drilled at an acute angle to the trend of the mineralized zone (for structural information) may have been terminated prior to intersecting the mineralization (see details below and in the accompanying table).

 

Highlights

  • Drill hole LM-15-16 (-45 degrees) intersected zinc mineralization that averaged 11.05% zinc over a 10.67 metre (35 foot) interval at a vertical depth of only 25 metres.
  •   Drill hole LM-15-17 (-90 degrees) intersected the same mineralized system with zinc mineralization averaging 3.04% over 22.86 metres (75 feet) including a higher grade interval averaging 5.21% zinc over an interval of 12.19 metres (40 feet).
  • Drill hole LM-15-18 (-66 degrees) intersected the widest interval of mineralization and averaged 6.14% zinc over a hole length of 47.25 metres (155 feet), including a high grade interval of 18.32% zinc over a 6.1 metres (20 feet).
  • The assay results from the Phase 1 and early Phase 2 drill holes indicate the presence of intervals of significant zinc-lead mineralization up-dip and to the northwest and southeast of the discovery first reported in the Company’s press release dated November 19, 2014 and now at a location some 200 metres to the southeast.
  • A strong coherent zinc in soil anomaly accompanies the up-dip projection of the mineralization for a minimum 1400 metre length parallel to stratigraphy.
  • The mineralization at this latest location is almost entirely zinc. This style of mineralization correlates with the findings of the geochem survey results in that the 1400 metre long geochem target has high coherent zinc values with weak lead values.
  • The next drill program will begin to test for the presence of zinc mineralization in association with the well-defined geochem anomaly.
  • Phase 3 drilling is scheduled to commence in one week.

 

Drilling Plan Map

Drilling Details

Reverse circulation drill holes LM-15-16, LM-15-17 and LM-15-18 were drilled from the same setup to test for the presence of near surface non-sulphide zinc mineralization to the west of the historic Mountain View mine. All three holes intersected near surface significant zinc mineralization identifying the presence of zinc mineralization roughly 100 metres to the west of the main historic shaft and more than 200 metres from the area where Nevada Zinc has drilled to date. The intersections in these holes demonstrate that the mineralization is variable in grade and continuity.

 

Drilling Results

Significant assays from the drill program are presented in the following tables:

RC Hole ID LM-15-16  
From (m) To (m) Interval (m) Zn (%) Pb (%) Zn+Pb (%)
33.53 44.20 10.67 11.05 0.01 11.06

 

RC Hole ID LM-15-17  
From (m) To (m) Interval (m) Zn (%) Pb (%) Zn+Pb (%)
35.05 57.91 22.86 3.04 0.04 3.08
including
45.72 57.91 12.19 5.21 0.02 5.23

 

RC Hole ID LM-15-18  
From (m) To (m) Interval (m) Zn (%) Pb (%) Zn+Pb (%)
27.43 74.68 47.25 6.14 0.06 6.20
including
35.05 41.15 6.10 18.32 0.04 18.36

Based on the results of the entire phase 1 + phase 2 drill programs the Company is currently unable to determine the
 true width of the intersections reported in this and prior releases.

The Phase 2 drill program was mostly comprised of reverse circulation drilling targeted at extending the known dimensions of the mineralized zone tested in the Phase 1 drill program and drill testing the known and interpreted zinc-lead mineralization identified in the studies completed in the Phase 1 drill program. Work also commenced on a number of technical fronts that will include preliminary work on the characteristics of the mineralization. The Company has designed a program of broad spaced drill testing of a strong soil geochemical anomaly that appears to correlate with the interpreted location of the surface expression of the zinc-lead mineralized zones of interest. BLM authorization has been received and drilling operations are scheduled to commence by mid April. The surface trace of the strongest zinc in soil anomaly also correlates well with the on-strike location of the historic zinc mine on the Mountain View mine claim. A second well defined anomaly that is primarily lead with lesser anomalous zinc appears to roughly correlate with the location of the more easterly part of the drill holes completed to date. Each of these anomalies extends for 1400 metres northwest from the Mountain View mine claim. Additional geochemical data has been collected to the southeast of the Mountain View mine claims and is currently being evaluated.

 

About Lone Mountain

The Property is comprised of 217 claims covering approximately 4,000 acres and is held 100% by Nevada Zinc subject to certain terms as per the underlying agreements disclosed on SEDAR (press release June 24, 2014).

The Company maintains a QA/QC program on the analytical process. Additional assay results will be released when received and subsequent to passing QA/QC review.

 

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 scientific and technical content contained in this press release.

 

About Nevada Zinc

Nevada Zinc is a discovery driven, early-stage 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 projects are located in Nevada and the Yukon.

 For further information contact:                     

Nevada Zinc Corporation 
Suite 1500 - 4 King St. W.
Toronto, Ontario M5H 1B6 
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.