Zinc One (TSX: $Z.V) (OTC: $ZZZOF) Exercises Option to Acquire and Consolidate the Bongara #Zinc-oxide Project and Charlotte Bongara Zinc-oxide Project
Vancouver, Canada - June 27, 2017 (Investorideas.com Newswire) Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZZOF) (FSE: RH33) ("Zinc One or the Company") is pleased to announce that it has exercised the option to acquire a 100% interest in the Bongará Zinc-Oxide Project and Charlotte Bongará Zinc-Oxide Project by making final cash payments totaling USD $1,150,000 to the optionors, thus laying the foundation for the redevelopment of the Bongará Zinc-Oxide Project.
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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 past producing Bongará Zinc-Oxide Project and Charlotte Bongará Zinc-Oxide Project in Peru.
The Bongará Zinc-Oxide 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 show greater than 20% zinc grades and recoveries over 90%; all from at or near the surface. The neighboring Charlotte Bongará Zinc-Oxide Project has multiple near-surface, high-grade zinc-oxide drill intercepts providing numerous drill targets and exploration potential. Zinc One's objective is to restart production at the Bongará Zinc-Oxide Project with exploration of targets along a six-kilometre trend, which includes the Charlotte Bongará Zinc-Oxide Project. Zinc One is managed by a proven team of exploration geologists and engineers having previously constructed and operated successful mining operations.
For a video presentation overview of Zinc One by CEO James Walchuck please follow this link: Zinc One Corporate Video Presentation
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