Zincore Metals Inc.
TSX : ZNC

Zincore Metals Inc.

March 27, 2007 07:15 ET

Zincore Extends Mineralization at Accha Deposit

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 27, 2007) - Zincore Metals Inc. (TSX:ZNC) ("Zincore" or "the Company") announces results from the latest drilling at its 100% owned Accha-Yanque zinc project in southern Peru that intersected significant high-grade mineralization at Accha, both within the historic mineral resource envelope as well as outside this envelope. Nineteen diamond drill holes have been completed on the Accha deposit since the Company's last press release, with assay results available for fifteen holes. In total, thirty-three exploration holes totaling 5,771 metres and five metallurgical holes totaling 920 metres have been drilled as part of the planned 20,000-metre program.

Two holes (AC-20 and AC-21) were drilled 50 metres west of the extent of the historic mineral resources. Both holes intersected high-grade strike extensions of the mineralized zone at shallow depths. Highlights include:

- AC-20 12.0 metres at 9.6% zinc from 109 metres

- AC-21 34.5 metres at 7.8% zinc from 123 metres

These holes demonstrate that high-grade mineralization extends along strike to the west and additional step-out drilling west of the historic mineral resources is underway.

Two holes (AC-16 and AC-23) were drilled 50 metres east of the historic mineral resources to confirm that the mineralization was closed off in this direction. Hole AC-16 intersected 13.2% zinc over seven metres. Based on this positive result, the Company is reviewing its model to assess potential for the deposit to expand to the east of the historical mineral resources.

Eleven holes were drilled within the strike length of the historical mineral resources, eight as infill and three (AC-15, AC-19 and AC-25) to test down dip extensions of mineralization. Infill drilling continued to confirm the high-grade nature of the Accha mineralization and all three depth-extension holes intersected significant widths showing high-grade zinc mineralization.
Highlights include:

- AC-15 20.6 metres at 19.4% zinc from 75 metres

- AC-22 21.9 metres at 17.3% zinc from 15 metres

- AC-18 15.4 metres at 11.0% zinc from 25 metres

- AC-30 13.6 metres at 12.6% zinc and 5.39% lead from 57 metres

- AC-26 10.5 metres at 9.9% zinc from 171 metres

Timo Jauristo, President and CEO, commented, "The results of the drilling program on Accha have been exceptional. The infill portion of the program has successfully achieved its objectives of validating the historical drilling while demonstrating the down dip continuity of the mineralization. With our step-out drilling already showing success we remain convinced of our ability to increase the mineral resources at Accha."

Three drill rigs are on site continuing with step-out drilling, particularly along strike to the west and down-dip to the south. Additional infill drilling will increase the drilling density within the strike length of the historical mineral resources. A drill hole location map and cross sections will be available on our website at www.zincoremetals.com later today.



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Intersection Estimated
----------------- True
From To Width Zinc Lead
Hole No. (metres) (metres) (metres) (%) (%)
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AC-15 74.85 101.25 20.6 19.44 1.36
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including 77.85 90.85 10.1 29.26 2.54
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117.60 127.00 7.3 1.18 0.26
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AC-16 68.90 75.90 7.0 13.12 1.02
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AC-17 27.00 52.00 19.8 4.10 0.24
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including 35.00 41.00 4.7 7.86 0.53
---------------------------------------------------------

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AC-18 14.00 19.00 3.0 18.88 0.31
---------------------------------------------------------

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25.00 56.00 15.4 10.99 0.44
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including 25.00 32.00 3.5 21.28 0.75
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62.00 66.00 2.0 7.87 0.73
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AC-19 111.85 114.85 3.0 10.44 0.04
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123.85 136.85 13.0 5.54 0.13
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AC-20 108.50 120.50 12.0 9.56 1.16
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140 (end
137.40 of hole) 2.6 6.97 0.57
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AC-21 114.25 118.25 4.0 2.98 0.50
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123.25 162.25 34.5 7.80 1.25
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including 132.25 141.25 8.0 15.81 1.61
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171.25 178.25 6.2 5.04 1.06
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AC-22 15.00 51.00 21.9 17.26 0.29
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including 16.00 31.00 9.8 19.37 0.31
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and 38.00 51.00 7.9 21.85 0.22
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AC-23 no significant assays
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AC-24 39.50 57.50 16.4 5.95 1.71
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AC-25 208.00 216.00 6.0 17.62 0.74
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AC-26 135.10 163.20 19.4 1.33 0.12
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171.20 186.50 10.5 9.94 0.44
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including 178.20 185.50 5.0 16.51 0.68
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AC-27 Assays not yet received
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AC-28 11.00 31.00 18.9 5.39 0.53
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including 11.00 18.00 6.6 7.99 0.64
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37.90 46.80 8.5 2.45 0.15
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AC-29 12.00 16.00 3.8 3.03 0.35
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38.50 43.50 4.8 6.97 0.28
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AC-30 57.05 71.30 13.6 12.57 5.29
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93.35 100.75 7.0 9.20 0.84
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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 Deposit

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.

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 tonnes grading 8.9% zinc and an inferred mineral resource of 1.8 million tonnes grading 8.9% zinc. In 2000, Pasminco calculated an indicated mineral resource of approximately 3.8 million tonnes grading 8.9% zinc and 1.0% lead and an inferred mineral resource of 2.0 million tonnes grading 11.4% zinc and 1.9% lead under more conservative assumptions.

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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