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ZN Zinccorp Resources Inc.

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Share Name Share Symbol Market Type
Zinccorp Resources Inc. TSXV:ZN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Zinccorp Resources Acquires Three Gold Properties in West Timmins Along Destor Porcupine Fault Zone

23/09/2009 2:33pm

Marketwired Canada


Zinccorp Resources Inc. (TSX VENTURE:ZN) ('Zinccorp') is pleased to announce,
subject to regulatory approval, the acquisition of a 100% interest in the
Denton, Keefer and Palomar Lake properties. These properties continue to build
Zinccorp's gold presence in the West Timmins camp.


To view a map of the Denton, Keefer, and Palomar Lake gold properties in the
West Timmins District please click on the following link:


http://media3.marketwire.com/docs/923map.pdf

"We are pleased to announce the acquisition of three additional gold properties
in the prolific Timmins gold belt and look forward to commencing early stage
exploration programs in the near future. Zinccorp continues to expand its
presence in the Timmins camp, with six gold-focused property acquisitions in the
past two months," comments Company President, Richard Hughes. "Local prospectors
have contributed greatly to our recent success in obtaining what we believe to
be prime ground along the Destor Porcupine Fault Zone."


The Denton property consists of 5 claims (25 units) located in Denton Township,
Porcupine Mining Division. The property is accessible by road and is
approximately 30 km southwest of Timmins. The property is in the adjacent
township to the recent West Timmins Mining/Lake Shore Gold discovery of 12.75
g/T gold over 83.4 meters. Consideration for the property consists of $80,000
and $60,000 in cash or the equivalent value in shares (or a combination of cash
and shares), as well as 300,000 shares, all payable over four years. (A further
100,000 shares are to be issued following the completion of a positive
feasibility study). There is a 3% net smelter return payable, one-third (1%) of
which may be purchased for $1,000,000.


The Keefer property consists of 8 claims (87 units) located in Keefer Township,
Porcupine Mining Division. The property is accessible by road and is
approximately 35 km southwest of Timmins. Consideration for the property
consists of $105,000 and $75,000 in cash or the equivalent value in shares (or a
combination of cash and shares), as well as 400,000 shares, all payable over
four years. (A further 100,000 shares are to be issued following the completion
of a positive feasibility study). There is a 3% net smelter return payable,
one-third (1%) of which may be purchased for $1,000,000.


The Palomar Lake property consists of 20 claims (230 units) located in Keith
Township, Porcupine Mining Division. The property is accessible by road and is
approximately 70 km southwest of Timmins. Consideration for the property
consists of $180,000 and 500,000 shares, all payable over four years. (A further
100,000 shares are to be issued following the completion of a positive
feasibility study). There is a 3% net smelter return payable, one-third (1%) of
which may be purchased for $1,000,000.


The Company also announces it has granted 315,000 stock options to directors and
officers of the Company and 975,000 stock options to employees and consultants
at a price of $0.10 per share for a period of five years.


The Company's website is currently being redesigned and will have further
information on each of the properties available in the near future.


About Zinccorp Resources Inc.

Zinccorp Resources Inc., a member of the Hughes Exploration Group of companies,
is a recently formed, tightly held junior mineral exploration company. The
Company had a zinc/lead/silver discovery on the Michelle Property, one of its
four highly prospective properties in Yukon, Canada in 2007. Zinccorp Resources
Inc. has now expanded their exploration venture into the prolific Timmins /
Larder Lake mining camp adding a new gold dimension to their exploration
portfolio.


Please visit Zinccorp's web-site www.zinc-corp.com to learn more about the
Michelle and other exciting Zinccorp projects and sign up to receive upcoming
Zinccorp news.


The statements made in this news release may contain forward-looking statements
that may involve a number of risks and uncertainties. Actual events or results
could differ materially from the Company's expectations and projections.


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