InZinc Mining Ltd. reported a new occurrence of zinc with copper, nickel and cobalt from drilling and additional results from the 2022 exploration drill program at the Indy project located 100 kilometres (km) southeast of Prince George in central British Columbia. Additional results from expansion drilling at the B-9 Zone are expected shortly. Drill hole IB22-020 (Table 1), exploring between the Keel and Echo Central geochemical targets has intersected 27.1 m of buried oxide material starting at 47.3 m downhole and averaging 0.67% zinc and 0.13% nickel.

Named Keel Red, the upper part of the core interval (from 47.3 m to 55.0 m) also returned 0.11% copper over 7.8 m. Additionally, the 27.1 m interval is anomalous in cobalt content averaging 163 ppm with values up to 962 ppm over a 1 m core length. Keel Red is interpreted as an oxide occurrence and a secondary deposition of metals. A primary sulphide source of these metals, potentially located at depth and/or along trend, is of significant interest as a new exploration target at Indy.

Keel Red is located approximately 5 km north of the mineralized B-9 Zone, which was expanded in the 2022 drill program. B-9 is primary sulphide mineralization now traced by drilling over a 400 m length and 80 m at depth. A zinc oxide occurrence located downslope of B-9 is the only visible surface expression of this mineralization and highlights the importance of recognizing oxide type mineralization as a pathfinder to primary sulphide mineralization in the district.

Seven holes were completed at the Keel and Echo Central targets in the 2022 exploration drill program (Holes 16 to 22 totaling 1192 m). As previously stated, challenging terrain and lack of water prevented the planned drilling at the Echo South target (Figure 1) in 2022. Echo South remains one of the strongest geochemical targets on the project.

Highlights of drill intersections in the Keel area (in addition to hole IB22-020) are as follows: Hole IB22-017: Designed to intersect strongly anomalous zinc in soil geochemistry between the Keel and Echo targets. The hole was terminated at 104 m downhole due to technical difficulties (faulting). A series of mafic dikes/sills were intersected near the end of this hole which may be related to the mineralization at Keel Red, located 40 m west.

Holes 16, 21 and 22: Explored the Keel (zinc) geochemical target. Holes 21 and 16 collared in weak to strongly altered, oxidised and bleached shales which may be related to the Keel Red mineralization, located 80 m to the east. Hole 18: Collared 90 m east of Hole 17 to complete the 400m cross section between the Keel and Echo targets.

This hole intersected massive to brecciated carbonates with strong faulting at the end of the hole. Hole 19: Drilled at Echo Central, a lower priority section of the 1.9 km long Echo target. Several narrow intersections returned zinc and nickel which are associated with mafic dikes/sills and similar to the Keel Red oxide in Hole IB22-020 located 300m northwest.