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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 Inc.: Phase Two Drilling Scheduled to Begin on Recent Silver-Lead-Zinc Discovery Intersecting 40% Pb-Zn & 510

23/07/2008 2:21pm

Marketwired Canada


Zinccorp Resources Inc. (TSX VENTURE:ZN) is pleased to announce a 2500 meter
Phase Two diamond drill program at its wholly owned Michelle property located 25
km east of the Dempster Highway in central Yukon. Drilling is scheduled to begin
at month end, July 2008.


Phase One drilling of the Gully Zone returned a drill interval that averaged
more than 40 per cent combined lead-zinc with 510.7 g/t (14.9 ounces/ton) silver
over a 7.94 m (26 ft) true thickness.


The work crew is presently building drill pads on the Michelle property in
preparation for the Phase Two drilling program. This phase will continue to
delineate the Gully Zone along strike and will begin to explore the Peak,
Dynasty and other zones in the western part of the property.


The Company is financing this phase of exploration using funds on hand and
proceeds from the current 6 million unit private placement offering. The work
program is already permitted and pending continued favourable results, an
application will be made this coming winter to build a road to the property.


Reconnaissance-scale soil geochemistry and prospecting have identified three
main areas of mineralization, two of which are in the western part of the
property and one of which is in the eastern part. None of the main targets are
fully delineated, but they appear to have both structural and stratigraphic
controls. The mineralized zones weather recessively, often forming gullies that
are mostly filled with unmineralized talus. The zones are marked by very strong
soil geochemical anomalies (i.e. 1000 ppm to 6.26% lead). These anomalies range
from 500 to 700 m in length and are open to expansion along strike in both
directions. In addition to the main targets, there are a number of secondary
targets with good exploration potential.


The discovery was made by diamond drilling in 2007, results of which were just
received. It consists of fracture- and breccia-hosted, carbonate replacement
style mineralization. Zinc, lead and silver are the main metals of interest. The
host stratigraphy consists of Cambrian to Devonian age limestone and dolomite
that are cut by large faults of uncertain age.


The 2007 diamond drilling was confined to the main target area in the eastern
part of the property (Gully Showing). The program consisted of seven holes
designed to identify the source of limonitic float boulders found on a steep
talus slope. Outcrop is very rare in the area. The first three holes (MCH-07-01
to 03) were aligned subparallel to the dip of the zone and intersected only
sparsely mineralized footwall rocks. The next two holes (MCH-07-04 and 05) were
also drilled subparallel to the zone and mostly cut weakly fractured and
mineralized hanging wall rocks. The last two holes (MCH-07-06 and 07) were
drilled directly across the zone and encountered heavily fractured and
brecciated rocks that are well mineralized with limonite, smithsonite, cerrusite
and galena. The most significant assay intervals are tabulated below.




-------------------------------------------------------------------------
Hole          From       To     Metres     Silver g/t    Lead %    Zinc %
-------------------------------------------------------------------------
MCH-07-04    93.57    95.75       2.18            1.1      0.23     10.15
-------------------------------------------------------------------------
MCH-07-06    35.66    53.95      18.29          309.5      8.87     16.76
-------------------------------------------------------------------------
including    45.22    53.16       7.94          510.7     17.38     22.72
-------------------------------------------------------------------------
MCH-07-07    47.85    57.00       9.15            2.1      0.10     12.62
-------------------------------------------------------------------------
including    49.10    53.95       4.85            2.7      0.17     21.92
-------------------------------------------------------------------------



The intersected interval in MCH-07-06 is nearly true width. The true widths for
intercepts in the other two holes are about 75% of the reported interval
lengths. Soil geochemical values in the vicinity of the drill discovery are
comparable to, but more localized than, the values marking the highly
prospective targets in the western part of the property (Peak and Dynasty
showings). Neither of these targets was drilled in 2007 because results were not
available until after the crew and drill had left the property.


The Michelle property lies in a belt of Proterozoic and Paleozoic age,
platformal carbonate rocks that stretch through northern BC, western NWT, Yukon
and Alaska. Carbonate-hosted mineral deposits within this belt include Pine
Point, Gayna River, Prairie Creek, Blende and Full Metal Minerals' recently
announced discovery at Fortymile.


The analytical results reported in this news release were done at ALS Chemex in
North Vancouver, B.C. All soil samples and core samples were analyzed for 34
elements using aqua regia digestion and inductively coupled plasma-atomic
emission spectroscopy (ME-ICP41). Samples that exceeded 10,000 ppm lead, 10,000
ppm zinc or 100 g/t silver were re-analyzed using aqua regia digestion with
inductively coupled plasma and either atomic emission spectroscopy or atomic
absorption spectroscopy (Pb, Zn- or Ag-OG46). Samples that exceeded 30% zinc or
20% lead were determined using wet chemical assay techniques (Pb-VOL70 and
Zn-VOL50). One sample that exceeded 1500 g/t silver was re-analyzed using fire
assay and gravimetric finish (Ag-GRA21).


The 2007 exploration was conducted by Archer, Cathro & Associates (1981)
Limited, under the supervision of W. A. Wengzynowski, P.Eng. Mr. Wengzynowski is
the qualified person for this project. He has read this release and has approved
its contents.


About Zinccorp Resources Inc.

Zinccorp Resources Inc., a member of the Hughes Exploration Group of companies,
is a newly formed, tightly held junior mineral exploration company which
commenced trading on the TSX Venture Exchange in July of 2008. The company is
focused on the discovery of large zinc-rich deposits, recently acquiring 100%
interest in four highly prospective properties from Strategic Metals Ltd., in
Yukon Territory, Canada.


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 Press 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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