Zinccorp Resources Inc.

Zinccorp Resources Inc.

April 07, 2011 09:01 ET

Zinccorp Options ET Claims in the Mayo Mining District in Yukon



  • The proven hand auger soil sampling technique has returned highly anomalous gold values of 189 ppb Au.
  • Soil anomalies are very comparable to gold-in-soil anomalies of White Gold and Coffee projects in the White gold district of Yukon.
  • Five N-S trends anomalous for gold have been identified and open.
  • All eight silt samples taken were anomalous in gold- 5 of 8 sample assays ran from 1550ppb Au to 5770 pbb Au. The gold is thought to be of local origin.
  • Most of the economic placer gold bar deposits on the Stewart River area are found downstream of this location.
  • Claims are Two-wheel accessible through an all season highway.
  • Power line goes through the claims.

 is pleased to announce optioning ET claims in the Mayo Mining district of Yukon. The company will earn the 100% by paying the vendor $75,000 cash, $75,000 worth of shares over 4 years and a work commitment of $75,000 by the Year 2 anniversary. The vendor will retain a NSR of 2.5% with an option to purchase 1% for $1,000,000.

The ET claims are located 24km northeast of Stewart Crossing in the Mayo Mining District, N.T.S. 115 P/8, 9, Yukon. The claims can be accessed by a two-wheel drive Silver Trail Highway, an all season road. The Mayo / Dawson City power line goes through the claims. Please refer to the location map.

(To see the location map and the soil lines location map please visit the following link: http://media3.marketwire.com/docs/zni407.pdf)

The claims were staked in 1998 by Yukon prospector J.P. Ross. Since then, seasonal work including traditional hand-auger soil sampling has resulted in five North-South trends anomalous for gold. The total historic work till 2005 includes 346 hand-auger soil samples (Reference: Yukon Geologica Survey, Assessment Report #094435). The results of the traditional hand-auger soil sampling work are tabulated below.

Traditional Hand-Auger Soil Sampling Results (2002-2005)
Gold in Soil (ppb) Number of Samples Percentile
100 ppb Au - 184 ppb Au 10 97%
50 ppb Au - 99 ppb Au 27 90%
25 ppb Au – 49 ppb Au 33 89%
10 ppb Au – 24 ppb Au 38 70%
9 ppb Au or less 238 80%

Please refer to the soil lines location map.

In 1999, 8 silt samples were taken from 3 streams. All were highly anomalous from 175 ppb Au to2550 ppb Au (-80 mesh). The samples were re-done at -200 mesh and 5 of 8 ran from 1550 ppb Au to 5770 ppb Au (Reference Yukon Geological Survey - MINFILE#: 115P 042).

The company is planning on a follow-up work to expand on the soil survey followed by geophysics, detail geological mapping and trenching to define drill targets. Roger MacDonald (P.Geo) has reviewed this news release.

About Zinccorp Resources:

Zinccorp has a strategic land position in the Destor-Porcupine-Fault zone of West Timmins area. The company has also positioned itself in the Yukon by acquiring other projects and developing its Michelle project where previous drilling has intersected 309 g/t Silver, 16.76% Zn, & 8.8% Pb over 18.29m width.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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