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Zinco Mining Corporation ("Zinco") (TSX VENTURE:ZIM) is pleased to announce that it has commenced a major drilling project on its 100% owned Cuale polymetallic volcanogenic massive sulphide property, one of six separate massive sulphide camps that occur within its Jalisco VMS project area, which is located in the Jalisco State of south western Mexico approximately 50 to 75 kilometres east of Puerto Vallarta. The other five massive sulphide mining camps in the Jalisco VMS project area are Desmoronado, Aranjuez, Bramador, La Mina and El Rubi. The Cuale drill program is budgeted at US$700,000 and is planned to total 5000 to 6000 metres of reverse circulation drilling in approximately 40 drill holes. Layne de Mexico, S.A. de C.V. has been contracted for the drilling which will be the first drilling program conducted on the Jalisco VMS project area since 1990. A satisfactory agreement has been signed with the Ejido of Cuale permitting Zinco access to its lands for the purpose of drilling and an operating permit allowing the drilling program has also been signed by all of the requisite Mexican government agencies. Zinco's contiguous 100% owned Jalisco VMS Project mining concessions total over 52,755 hectares (527 sq km) in area and in the Cuale camp alone it contains at least six precious metal enriched volcanogenic massive sulphide deposits, five of which were partially mined as open pits during the 1980's by a subsidiary of major Mexican mining company Penoles. From north to south the Cuale camp massive sulphide deposits are called Jesus Maria, Patrocino, Refugio, Naricero, San Nicolas and San Juan which all occur within an area approximately 3 km by 2 km in size. Naricero was Penoles' largest mine and it produced approximately 800,000 tonnes of ore from which 266,065 grams of gold, 122,859,408 grams of silver, 22,303 tonnes of zinc and 470 tonnes of copper were recovered. The geological setting and age of the six massive sulphide camps in the Jalisco VMS project area, including the Cuale mining camp, and their numerous precious metal enriched massive sulphide deposits are similar in many aspects to the valuable Eskay Creek gold-silver mine and the highly prospective Iskut River-Stewart area l in north western British Columbia. A similar Mexican analogy that lies south of Cuale is the Campo Morado district where TSX company Farallon Resources Ltd. is readying its G-9 deposit for production and conducting aggressive exploration drilling on several other deposits. Zinco's Cuale drilling program is designed to test targets it has developed over the last 2 years through conducting and processing data from over 1800 line km of regional airborne EM and Mag geophysical surveys as well as a major soil sampling program combined with geological mapping and rock chip sampling of mineralized outcrops. Zinco has also digitized the drill log and assay data from hundreds of drill holes previously drilled by Penoles. The most significant result of the soil sampling is the discovery of a continuous 3 km long lead in soil anomaly, which is also strongly anomalous in zinc and silver that extends from the Refugio deposit in the north, through the Naricero deposit and southwards over the San Juan deposit. The specific targets planned to be drilled during this campaign are shown on the attached map and are described below. Jesus Maria and Patrocino Some of the highest precious metal results from Zinco's soil survey have been from the area around the Jesus Maria-Patrocino deposits. The Patrocino deposit lies 400 metres south of Jesus Maria and has never been mined. Penoles developed the Jesus Maria deposit in the 1980's as an open pit and mined approximately 43,000 tonnes of ore grading 0.34 g gold/t, 182g silver/t, 1.47% lead, 3.35% zinc. Zinco collected a chip sample above the pit that assayed 1.02 g gold/t and 131 g silver/t across 10 metres. Soil samples taken by Zinco along the mineralized horizon outline a continuous polymetallic geochemical anomaly 600 metres long by 150 metres wide containing values as high as 3000 ppb gold and 100 ppm silver. Four previous holes drilled by Penoles successfully intersected the mineralized horizon within 30 to 50 metres of the surface south of the pit in the direction towards Patrocino. Up to 24 drill holes in two fences are planned by Zinco to test the Jesus Maria-Patrocino targets. San Juan The San Juan deposit was mined on a small scale at some time in the past and the workings consist of several short adits and open cuts along a northerly trending zone about 350 m long. Penoles drilled six holes in the vicinity of the San Juan deposit with their best assay results being 108 g silver/t and 4.87% lead over a core length of 26 m and 33 g silver/t, 0.64% lead and 1.4% zinc over a core length of 51.35 m. The deposit lies along the large lead in soil polymetallic anomaly and all of 16 rock chip and grab samples collected by Zinco along a 600m strike length of the anomalous zone assayed over 20 ppm silver with the best chip sample result assaying 274 g silver/t across 5 m. Zinco has designed a 7 to 10 drill hole program to test the San Juan target. Naricero Penoles mined approximately 800,000 tonnes from the Naricero deposit in an open pit about 200m long, 125 m wide and 50 m deep and remnants of the ore zone are exposed at the base of the pit wall. Zinco has collected 25 chip and grab samples from several locations along the 180 m of the ore zone at the base of the pit which returned average assay results of 280 g silver/t, 0.33 g gold/t, 3.7% lead and 7.0% zinc. A continuous chip sample assayed 80 g silver/t, 0.5 g gold/t, 0.5% lead and 1.4% zinc across 19 m and it is possible that previous workers underestimated the value of disseminated mineralization exposed in the pit wall. Zinco plans to drill 8 holes to explore for extensions to the Naricero ore zone both down dip and along strike from the mined out portion of the Naricero orebody. San Nicolas The San Nicolas deposit is located about 400 m south west of Naricero and consists of two adits and several open cuts. In the 1980's Penoles mined approximately 80,000 tonnes of ore grading 0.19 g gold/t, 121 g silver/t, 1.57% lead, 3.18% zinc and .14% copper. Massive sulphide mineralization is exposed in the bottom of the pit where Zinco collected a continuous chip sample that assayed 310 g silver/t, 2.5% lead, 3.8% zinc and 0.3% copper across 14.5 m. The high grade potential of the San Nicolas ore is demonstrated by a 2 tonne float boulder discovered in the creek below the pit which assayed 0.32g gold/t, 194 g silver/t, 1.5% lead, 47.7% zinc and 1.1% copper. Zinco plans to drill 5 holes to explore the down dip potential of the San Nicolas ore zone. Minera Camargo S.A. de C.V. has been contracted as operator to manage the drill program and will employ an on- site analytical laboratory consisting of a Niton X-ray analyzer, field portable work station with 3-D drill hole management software (MapINFO with Discover 3-D) and a Meiji microscope with camera for visual confirmation of X-ray results. All samples selected for further analytical work will be sent to ACME labs in Vancouver, B.C. Michelle Robinson MASc., P.Eng., a director of Zinco, is the Qualified person as defined by NI 43-101 and responsible for the preparation of technical information in this news release. Further detailed information about the Jalisco VMS project and the Cuale camp can be reviewed on Zinco's website www.zincomining.com. ON BEHALF OF THE BOARD, Christopher Graf, P.Eng., President & C.E.O. To view the map accompanying this release please click on the following link: http://media3.marketwire.com/docs/0528zin.jpg
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