Zincore Metals Inc.
TSX : ZNC

Zincore Metals Inc.

July 19, 2007 07:15 ET

Zincore Drills 30 Metres of 6.3% Zinc at Accha and Receives Drilling Permit for Yanque

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2007) - Zincore Metals Inc. (TSX:ZNC) has completed an additional 10 diamond drill holes at its 100% owned Accha-Yanque project in southern Peru. These holes are part of a 20,000-metre exploration and definition drilling program at Accha to confirm and infill historical mineral resources and to extend zinc mineralization (which is spatially associated with an east-west-trending fold structure) at depth and along strike to the west.

All 10 holes targeted western extensions of the deposit. Highlights of this recent exploration drilling include:

- Hole AC-50 which intersected 30 metres at 6.3% zinc including an interval of 6 metres at 16.2% zinc;

- Hole AC-52 which intersected 17 metres at 4.2% zinc including an interval of 5 metres at 10.4% zinc;

- Hole AC-48 which intersected 26 metres at 4.0% zinc including an interval of 3 metres at 9.2% zinc; and

- Hole AC-49 which intersected 8 metres at 5.8% zinc.

All results are estimated true widths and a number of holes intersected multiple zones of mineralization. Full results are presented in the attached table.

The drilling continues to intersect oxide zinc mineralization over a distance approximately 300 metres west of the westernmost extent of outcropping mineralization. The zone remains open and exploration drilling continues to follow the mineralized trend of the western extension. In addition, drill platforms are now being prepared for exploration holes that will target a northern limb of the main anticline structure. These holes will be completed during the coming months.

A total of 52 holes totaling 13,500 metres have been drilled at Accha with three rigs continuing on site. A drill hole location map and new releases relating to previous exploration results are available on Zincore's website at www.zincoremetals.com. To view the drill hole location map please click on the following link: http://www.ccnmatthews.com/docs/znc0719.pdf

At the Yanque deposit, 30 kilometers southwest of Accha, Zincore has received a drilling permit from the Peruvian Ministry of Energy and Mines and has signed a drilling contract with Bradley MDH SAC. Field preparations, including surface sampling and mapping, camp installation and preparation of drill platforms, are nearing completion and drilling will begin shortly. A 10,000 metre drill program is planned at the Yanque deposit.

President and CEO Timo Jauristo commented, "Our Accha exploration program continues to be very encouraging and the definition of a northern limb would add additional near surface mineralization. Consistent with our objective of rapidly completing a pre-feasibility study on the Accha-Yanque project, our drilling focus will shortly transition to the Yanque deposit. Rio Tinto's historical drilling combined with our review gives us confidence that exploration at Yanque will confirm the potential of the significant outcropping zinc and lead mineralization."



Intersection Estimated
along drill hole True
Hole From To Width Zinc Lead
No. (metres) (metres) (metres) (%) (%)
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AC-43 No significant values
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AC-44 No significant values
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AC-45 261.0 270.8 7.3 5.50 0.44
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296.0 299.0 2.2 6.27 0.66
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315.3 323.5 6.1 4.79 0.24
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354.0 366.0 9.0 4.79 0.70
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AC-46 339.3 357.6 12.5 4.17 0.45
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AC-47 No significant values
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AC-48 338.0 344.0 5.6 7.36 0.81
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349.0 352.0 2.8 8.81 3.42
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359.0 387.0 26.4 3.96 0.38
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including 375.0 378.0 2.8 9.15 1.06
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AC-49 254.4 264.4 8.0 5.80 0.51
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289.8 296.0 5.0 2.27 .39
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AC-50 159.4 192.4 30.4 6.33 1.4
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including 173.4 180.4 6.4 16.17 2.78
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210.2 216.2 5.5 5.75 0.05
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220.2 226.2 5.5 2.37 1.84
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AC-51 No significant values
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AC-52 309.3 340.5 17.4 4.16 0.74
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including 311.3 320.1 4.9 10.37 1.68
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AC-53 Abandoned before targeted zone
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Quality Control

Zincore has implemented a quality control program to ensure best practice in litho geochemical sampling and analysis of rock chips, trench, tunnel and drill core samples.

All drill core samples (approximately one metre, half-core composites) are shipped in security sealed bags via a private trucking company directly to the ALS Peru Laboratories facility in Lima. All samples for the resource drill program are digested using a three acid digestion and analyzed by two packages. Zinc and lead are determined by Atomic Absorption and if the results exceed 30% they are re-assayed by volumetric methods. All samples are also assayed by ICP for 25 elements (also using the three acid digestion for complete dissolution).

The Company submits its own standards and blanks as a measure of the accuracy of the analysis. All pulps and coarse rejects are being recovered and stored. Prior to a new resource calculation, 10% of all samples used in the resource calculation will be re-assayed at a second laboratory using the same analytical techniques described above. Both a re-assay of the pulp and of a new pulp prepared from the coarse reject will be used.

Vernon Arseneau, P.Geo., Exploration Manager, Peru for Zincore is supervising the exploration program and is the qualified person as defined under National Instrument 43-101 for this news release.

About Zincore

Zincore's strategy is to become a leading, low-cost zinc producer with the immediate objective of advancing its 100% owned Accha-Yanque property toward a development decision through a disciplined process of exploration, drilling and resource definition, and technical studies. Zincore holds a portfolio of other zinc exploration properties in southern Peru and intends to pursue additional zinc opportunities elsewhere in Latin America and China.

About the Accha-Yanque Project

The Accha-Yanque property consists of 56 concessions over a 30-kilometre distance in southern Peru. At the north end of the property is the Accha deposit and at the south end is the Yanque deposit. A number of zinc prospects with limited prior exploration occur between these two deposits. A total of 56 holes were completed by Cominco Ltd., Savage Resources Ltd. ("Savage"), and Pasminco Limited ("Pasminco") at the Accha deposit for 13,500 metres. Rio Tinto drilled 13 holes totaling 1,320 metres at Yanque.

Savage, and later, Pasminco, which acquired Savage, evaluated Accha between 1998 and 2001. Two historical resource estimates under the AUSIMM JORC standards were calculated for the Accha deposit using differing assumptions. In 1999, Kvaerner Metals ("Kvaerner"), under engagement to Savage calculated an indicated mineral resource of approximately 7.0 million tones grading 8.9% zinc and an inferred mineral resource of 1.8 million tones grading 8.9% zinc. In 2000, Pasminco calculated an indicated mineral resource of approximately 3.8 million tones grading 8.9% zinc and 1.0% lead and an inferred mineral resource of 2.0 million tones grading 11.4% zinc and 1.9% lead under more conservative assumptions. In 2006, based on the historical drilling, a 43-101 compliant inferred mineral resource was calculated at Yanque of approximately 6.6 million tonnes grading 5.3% zinc and 3.5% lead.

Cautionary Note Regarding Mineral Resource Estimates

The qualified person for the Accha-Yanque technical report is L.D.S. Winter, P.Geo., an independent consulting geologist as defined under NI 43-101. Historical mineral resource estimates have not been reconciled to the mineral resource categories of NI 43-101 and sufficient work has not been done to classify these estimates as current mineral resources. For details on the Accha historical mineral resource estimates and the Yanque current mineral resource estimate, see Zincore's prospectus relating to its IPO dated October 26, 2006, which was filed with Canadian securities regulatory authorities and is available on SEDAR (www.sedar.com).

Forward-looking Statements

Statements in this release that are forward looking are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Annual Information Form of Zincore dated March 26, 2007 which is filed with Canadian securities regulatory authorities and available on SEDAR (www.sedar.com). Such information contained herein represents management's best judgment as of the date hereof based on information currently available. Zincore does not assume the obligation to update any forward-looking statements.

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