Zinco Mining Corporation
TSX VENTURE : ZIM
FRANKFURT : 61Z

Zinco Mining Corporation

May 10, 2011 17:32 ET

Zinco Announces Signing of Drill Contract With Major Drilling for Continuation of Exploration Work on Its San Juan and Jesus Maria Prospects in the Cuale District, Jalisco VMS Project, Mexico

SURREY, BRITISH COLUMBIA--(Marketwire - May 10, 2011) - Zinco Mining Corporation (TSX VENTURE:ZIM) (FRANKFURT:61Z) is pleased to announce that it has signed a 1500 meter drill contract with Major Drilling de Mexico S.A. de C.V. to commence diamond core drilling on its mineral prospects in the Cuale volcanogenic massive sulfide (VMS) camp. The main objective of the program is to expand on significant reverse circulation drilling intercepts from two prospects, San Juan and Jesus Maria. From San Juan, Zinco's previous intercepts include:

  1. ZIM9 with 85.7 meters of 185 g/t Ag, 1.5% Zn and 0.8% Pb,
  2. ZIM3, collared 41 m east-northeast of ZIM9, with 108.1 meters of 58 g/t Ag, 1.4% Zn and 0.7% Pb.
  3. ZIM1, collared 135 m north-northeast of ZIM9, with 14.3 meters of 127 g/t Ag, 2.9% Zn and 0.9% Pb.
  4. ZIM5, collared 215 m north-northeast of ZIM9, with 25.5 meters of 72 g/t Ag, 0.4% Zn and 0.2% Pb.

From Jesus Maria, the 2008 campaign returned results of:

  1. ZIM30 with 41.82 meters of 5% Zn, 1.4% Pb, 0.2% Cu and 14 g/t Ag,
  2. ZIM19, collared 170 meters southwest of ZIM30, with 17.34 meters of 4.2% Zn, 1.6% Pb, 0.1% Cu and 5 g/t Ag,
  3. ZIM16, collared 40 meters southwest of ZIM30, with 17.34 meters of 4.9% Zn, 0.1% Pb, 0.2% Cu and 5 g/t Ag.

Plan maps and cross-sections of these results are on Zinco's website at http://www.zincomining.com/s/Mineralization.asp.

The two areas of interest are characterized by multiple intersections of VMS-style mineralization and have grades of economic interest, with zinc and silver dominating the polymetallic assemblage. Diamond drilling is being initiated at both sites to test for physical continuity of the mineralization identified by the earlier reverse circulation drilling program. The company has been active in camp preparation and drill pad preparation in anticipation of diamond drilling commencing in the near future.

Qualified Person

This press release was reviewed by Michelle Robinson, M.A.Sc., P.Eng., a Director of Zinco Mining Corporation, who acts as Zinco's qualified person as defined by NI 43-101. Details regarding sampling and assaying are appended to Zinco's News Release dated 21 February 2011.

Further information about the Jalisco VMS Project can be reviewed on Zinco's website www.zincomining.com.

ON BEHALF OF THE BOARD,

David Elgee, PRESIDENT

Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.

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 NEWS RELEASE.

Contact Information

  • Zinco Mining Corporation
    David Elgee
    President
    (604) 507-2181
    (604) 507-2187 (FAX)
    www.zincomining.com