Zincore Metals Inc.

Zincore Metals Inc.

December 09, 2010 08:46 ET

Zincore Intersects High Grade Mineralization on Previously Unexplored North Flank of the Accha Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 9, 2010) - Zincore Metals Inc. (TSX:ZNC)(BVLAC:ZNC) ("Zincore" or the "Company") is pleased to report results from six exploration holes which were part of its 2010 Accha deposit drill program. Although part of an overall in-fill, definition drilling program designed to confirm grades within the known deposit, these six final holes were drilled in the previously unexplored northern flank of the Accha deposit. All six holes intersected mineralization, including more than 20% Zn over 15 metres in Hole AC-92.

Zincore President and CEO, Jorge Benavides, commented, "The results from these six holes are significant. Unlike earlier results we have reported recently, (*) from in-fill definition drilling of known resources, these results are from exploration holes on the north flank of the Accha deposit. This is an area which had not previously been explored. All six holes intersected good mineralization with generally significant widths. This creates excellent exploration potential which will be targeted for next year's drill program with a focus on expanding the resources at the Accha deposit."

(*)See our news releases dated December 7th, November 4th, October 6th and September 15th.

Table 1 – Accha Deposit In-Fill Drill Hole Results
    Drill Hole    
  Drill Hole Intersection (metres) (1)   Zinc
AC-92   15.6   30.6   15.0   20.06   0.25
Including   23.6   29.6   6.0   24.20   0.26
AC-93   6.1   7.1   1.0   6.27   1.33
AC-94   50.4   54.4   4.0   5.39   0.20
AC-95   28.0   36.0   8.0   5.02   0.26
AC-96   20.0   21.0   1.0   4.84   0.23
AC-97   1.0   9.0   8.0   4.37   0.08
  1. Core Widths

The approximately 5,000 metre infill drilling program recommended by Micon International Limited (**) for the Accha deposit is now complete. With the information gained, Micon will construct a new model of the Accha deposit as well as a Mineral Resource Estimate and accompanying NI 43-101 Technical Report. A similar geological modeling program is underway at the Yanque project, also located on the Accha Zinc Oxide District. At Yanque, the objective is to upgrade Inferred Resources to Indicated and better define the high grade portions of the Yanque ore body. A new 43-101 Technical Report will also be issued after this work is concluded.

(**) See our news release dated April 29, 2010.

Micon International Limited has provided consulting services to the international mining industry since 1988, with particular focus upon mineral resource estimations, metallurgical services, mine design and production scheduling, preparation of pre-feasibility and feasibility studies, independent reviews of mining and mineral properties, project monitoring, independent engineer roles, financial analysis and litigation support.

Vernon Arseneau, P.Geo., Vice President, Exploration for Zincore has prepared or supervised the preparation of the information contained in this news release and is the Qualified Person as defined under National Instrument 43-101 for this news release.

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 Acme Laboratories facility in Lima. All samples for the resource drill program are analyzed using two techniques: Zinc and lead grades are determined by Atomic Absorption and if the results exceed 10% they are re-assayed by volumetric methods. In addition, all samples are assayed by ICP-ES for 37 elements.

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 estimate, 10% of all samples used in the resource calculation will be re-assayed at a second laboratory using the same analytical techniques described above. This includes re-assaying of pulps from the coarse rejects.

About Zincore

Zincore is a Vancouver-based mineral exploration company focused mainly on zinc and related base metal opportunities in the Americas, namely Peru, Mexico and Canada. The Company's common shares trade on both the Toronto and Lima Stock Exchanges under the symbol ZNC. For more information, please see our website at www.zincoremetals.com.

Forward-looking Statements: Statements in this release that are forward-looking, in particular, the exploration potential of the northern flank of the Accha deposit, 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 12, 2010 which is filed with Canadian securities regulatory authorities and available on SEDAR (www.sedar.com) In particular, investors are cautioned not to assume that any part or all of the Accha deposit will ever become a mine. Such information contained herein represents management's best judgment as of the date hereof based on information currently available.

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