Zinccorp Resources Inc.
TSX VENTURE : ZN

September 28, 2010 09:00 ET

Zinccorp Resources Completes 2010 Exploration Program at Michelle Project

- New prospecting discovery with 3727 g/t Silver (108 oz/ton) and 81% Lead

- 16 Mineralized Targets in 7 km by 17 km Zone

- Only 4 Of 16 Zones Drill Tested to date

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 28, 2010) - ZINCCORP RESOURCES INC. (TSX VENTURE:ZN) is pleased to announce it has completed a 2010 diamond drill program at the Michelle Project in north-central Yukon Territory. The focus of the 2010 drill program was to drill untested targets within two of the fifteen mineralized zones. Ten holes totalling 1034m were drilled at the Blender and Nanny zones. Assays are awaited. 

Fifteen mineralized zones were discovered within an area roughly 12 kilometres by 7 kilometres prior to 2010. One of the highlights of the 2010 exploration program was the prospecting discovery of a sixteenth zone, the "Silver Matt," located 5 km west of the previous westernmost zone, and just 13.5km from the Dempster Highway along the proposed access corridor. The average of four assays from galena-rich material at Silver Matt is 3727.5 g/t Silver (108.7 oz/ton) and 81.92% Lead. The galena is hosted within a typical iron-rich oxide zone, with lower silver and lead but higher zinc values, gallium up to 83 ppm and Indium up to 16ppm. This discovery was made on the last day of the exploration program, and will form an important focal point for 2011 exploration.

In addition to the drill program the 2010 exploration program featured: prospecting, geological mapping and gravity geophysical surveys. Kluane Drilling of Whitehorse was the drilling contractor and Fireweed Helicopters provided air transportation. Aurora Geosciences conducted a gravity geophysical survey, and provided camp facilities. The camp is located near the Dempster Highway, at a site rented from the Trondek Hwechin First Nation.

"The Michelle property has numerous high grade targets that have not been drill tested. The Peak and Gully zones which have been previously tested are still open to expansion. We expect to be able to expand and define these zones through systematic exploration programs in the future," comments Company President, Richard Hughes. 

The first drill holes of the 2010 program tested the Blender zone, at a point 500m east of the Peak zone. The Blender does not outcrop, but has returned some very high assay results from boulders and some highly anomalous soil geochemical anomalies. Three boulder samples at Blender averaged 27.7% zinc, 22.8% lead, 986 g/t silver and 533ppm gallium. This zone is located at lower elevation and close to a water source for drilling. Other drill holes were at the Nanny zone, which lies about 2.5km due west of the Peak zone, on the same trend. Although assays results have not been received, visual examination of drill core revealed only moderately mineralized structures at both zones.

Exploration at the Michelle Property has revealed zinc, lead, silver and gallium mineralization in dominantly carbonate and oxide form (with minor lead sulphide) over an area measuring roughly 17 kilometres by 7 kilometres. Mineralization is hosted by upper Cambrian to lower Devonian carbonate rocks of the Bouvette formation. Fifteen zones were discovered by the end of the 2009 work, and 2010 prospecting generated one significant new discovery and several minor zones. The mineralized zones are also variably enriched in Gallium, Indium and Germanium, and 15 zinc-rich samples collected in 2009 averaged 221.7 g/t Gallium (maximum value 1170 g/t), 7.4 g/t Indium (maximum value 24.1 g/t) and 6.4 g/t Germanium (maximum value 60.3 g/t). Germanium and Indium will be systematically analyzed in all samples this year for the first time. 

The 2010 program totalled 1,034 meters of drilling, and tested two zones not previously drill tested. The gravity geophysical survey is an initial orientation to evaluate this method, which may help focus exploration toward large, high grade bodies. Further prospecting was conducted, as the limits to the mineralized system have not been determined, and prospecting has been very successful in previous seasons. Geological mapping at both property and target scales will help Zinccorp to focus its efforts.

Zinccorp Resources owns 100% of the Michelle Property.

The Qualified Person for the purpose of National Instrument 43-101 is William Mann, P.Geo. who has read and agreed with the technical information in this news release.

About Zinccorp Resources Inc.

The Company had a zinc/lead/silver discovery on the Michelle Property, one of its four highly prospective properties in Yukon, Canada, in 2007 which has been confirmed with drilling and the discovery of news zones each year since. Zinccorp Resources Inc. has now expanded its exploration venture into the prolific Timmins / Larder Lake mining camp adding a new gold dimension to its exploration portfolio.

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

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

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