Zinc One Resources Inc.’s (TSX.V: Z) (OTC: ZZZOF) (FSE: RH33) past-producing Bongará Zinc-Oxide Mine Project in Peru spans an area of more than 19,768 acres. The company intends to bring Bongará back into production as world stockpiles of zinc are at multi-year lows. An article discussing this reads: “Zinc One’s objective is to delineate and update the historical resource and then be aggressive in taking the next steps to move the company into a producer generating cash flow. The company is extremely confident that it can match or exceed the historical resource at the Bongará Mine Project. The Company will have years of exploration along a six-kilometer strike length on the Bongará concessions, as well as the prospective Charlotte Bongará concessions. The company anticipates a completed updated resource estimate by Q2 of 2018 with a target of between 1.2 million and 2 million tons of zinc at 20 percent grade followed in short order by a Preliminary Economic Assessment.”
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About Zinc One Resources, Inc.
Zinc One is focused on the acquisition, exploration and development of prospective and advanced zinc projects in mining-friendly jurisdictions. Zinc One’s key assets are the Bongará Mine and Charlotte-Bongará Zinc-Oxide Projects in north-central Peru. The Bongará Zinc-Oxide Mine Project was in production from 2007 to 2008, but shut down due to the global financial crisis and concurrent decrease in the zinc price. Past production included 20% zinc grades and recoveries over 90% from surface and near-surface nonsulfide zinc mineralization. High-grade nonsulfide zinc mineralization is known to outcrop between the mined area and the Charlotte-Bongará Zinc-Oxide Project, which is nearly six kilometers to the north-northwest and where past drilling intercepted various near-surface zones with high-grade zinc. Zinc One is managed by a proven team of exploration geologists and engineers who have previously constructed and operated successful mining operations. For more information, visit the company’s website at www.ZincOne.com.
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