|By Marketwired .||
|February 21, 2014 09:15 AM EST||
NEW YORK, NY -- (Marketwired) -- 02/21/14 -- Zinco do Brasil Inc. (OTCQB: ZNBR) (the "Company"), a mine development company focused on bringing into production an advanced stage zinc and lead project in Brazil, is pleased to inform its shareholders with a project update.
Split of Porteirinha Project into Gorutuba and Tocandira Blocks
During the Company's soil sampling work at the targets located in the North portion of the Porteirinha Project the presence of banded iron formations were recognized in the area. These new formations were grouped together as the Tocandira Block. The development and results of the conducted geological research at the Gorutuba and the newly identified Tocandira targets lead the Company to separate said targets into two blocks; the Gorutuba Block and the newly created Tocandira Block.
Zinco do Brasil, Ltda. now has 43 tenements covering a total area of 67,704.93ha are subdivided as follows:
Salobro Project - 2 tenements covering 1,209.75ha;
Gorutuba Target - 19 tenements covering 31,296.81ha;
Tocandira Target - 22 tenements covering 36,408.12ha.
Tocandira Soil Geochemical and Field Research Results
The Tocandira Block landscape is composed of a flat plain area with rare scattered rolling and high hills. The flat plain area is broadly covered by recent unconsolidated sediments, whereas the underneath Precambrian bedrock is exposed only in the hills.
The geochemical soil sampling program was carried out in nine areas with a total of 1545 samples collected and analyzed in 2013.
The geological context of the Gorutuba and Tocandira Blocks are very different. In the Gorutuba Block the magnetic anomalies are covered by the neoproterozoic rocks of the Macaúbas group, whereas only unconsolidated rocks cover the rocks of the basement in the Tocandira Block.
The geochemical campaign confirmed some zinc, lead and copper anomalies but the geological scenario is responsible for the low results of the soil geochemical sampling, since the unconsolidated sediments prevent the direct assessment of the rocks that generated the aeromagnetic anomalies. The next phase of the exploration program will be revised considering all results from the aeromagnetic and the geochemical studies.
The fieldwork also revealed some interesting and promising occurrences of banded iron formations and provided material information for the Company's preliminary DNPM ("The National Department of Mineral Production") reports. The geological research strategy will be redirected to ground geophysical investigations which is planned for 2014.
The Banded Iron Formations identified in the field were classified as itabirites in the petrographic descriptions and their chemistry showed an iron content ranging from 33% to 41% Fe and very low content of phosphorous (less than 0.07% P).
Seven tenements were object of the Company's preliminary reports presented to DNPM last year in the Company's efforts to receive an extension allowing the Company to conduct more research. The filed preliminary reports have been approved and granted by the DNPM.
New Metallurgical Tests at Salobro Successful
The Company decided to revisit and conduct additional metallurgical tests for its Salobro ore. Representative samples were collected from the existing core yard and extensive metallurgical testing was completed without the use of sodium cyanide to confirm VALE/CETEM´s study conducted in 2002. The results confirmed that the Company can forgo the use of sodium cyanide as a standard extraction method for the future mine plant with concentrate grades greater than 50% of zinc.
Filing of Economic Mining Plan for Salobro Project
As required by the Brazilian mining laws and regulations the Company presented and filed its economic mining plan ("Plano de Approveitamento Economico - PAE") for its Salobro project to DNPM on January 15th, 2014. The Company is awaiting DNPM's review and expects to receive approval of its mining permits for the Salobro project under the Brazilian Mining Code.
About Zinco do Brasil, Inc.
Zinco do Brasil is a publicly listed company (Ticker: ZNBR). The Company is in the process of acquiring 99.9% of Zinco do Brasil Mineracao Ltda., which owns 43 Mineral Rights for a total of 67,705 hectares in the Brazilian state of Minas Gerais. The Mineral Rights of Porteirinha Project are split between three blocks: Salobro, which consists of 2 mining rights for an area of 1,210 hectares, Gorutuba covering 31,297 ha in 19 tenements and Tocandira with 22 mining rights for an area of 36,408 hectares.
The Company expects the Salobro historic mineral resources to increase by 30 - 50% during the exploration drilling program scheduled for Q2 and Q3 of 2014. The results of the drillling will be incorporated with the existing drill data to prove up the historic zinc and lead mineral resources to NI 43-101 standard. Salobro is planned to go into production in Q4 of 2016 and to produce in excess of 30,000 metric tons of zinc and 5,000 metric tons of lead per year during the currently estimated mine-life of 10 years (13 - 15 years after anticipated mineral resource increase of 30 - 50%).
The Gorutuba block consists of 19 mining rights containing an area of 31,297 hectares in total. Geophysical interpretation of the area was developed based on ground geophysical data acquired by Vale and by magnetic data gained from airborne geophysical survey conducted by the State of Minas Gerais. The studies revealed that the geophysical characteristics of the Salobro deposit are highly correlated with seven targets within the Gorutuba block area, showing similar anomalies like Salobro. The aerial extent of the seven selected targets is 17 km (compared to 2.35km of Salobro) and a drill program is scheduled to start during 2014-2015 to confirm each deposit. Initial geochemical surveys indicated other anomalies of copper and gold within the Gorutuba projects/targets.
The Tocandira block consists of 22 mining rights for an area of 36,408 hectares. During the geochemical work in 7 blocks Zinco's field team discovered an iron mineralization. After in-depth analysis of the underlying aeromagnetic database available, the Company decided to file applications for 15 additional mining rights.
Certain statements in this news release are forward-looking statements. Words such as "expects", "intends", "plans", "planned", "proposes", "may", "could", "should", "anticipates", "estimates", "likely", "possible", "potential", "believes" and words of similar import may identify forward-looking statements. Such statements are based on management's and the Company's independent mining consultant's current expectations, estimates and projections about the companies' businesses, are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors beyond the control of the Company, including, but not limited to, the successful completion of the merger; the combined company's ability to raise the required additional capital to develop its mining assets and to identify other acquisition and/or joint venture opportunities in the mining sector, and to establish the technical and managerial infrastructure necessary to take advantage of, and successfully participate in, such opportunities; future economic conditions; demand for zinc and other minerals the company may seek to extract; political stability; and changes in governmental regulations, and financial capabilities of the Company. Additional information on risks and other factors that may affect the business and financial results of Zinco do Brasil and the combined company can be found in filings of Zinco do Brasil with the U.S. Securities and Exchange Commission. The Company encourages any current or potential shareholder to read all the public filings before making a decision to invest in the shares of any public company.
The information provided in this news release may contain forward-looking statements within the definition of the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. These statements are based on Zinco do Brasil Inc.'s current expectations and beliefs and are subject to a number of risks and uncertainties that can cause actual results to differ materially from those described, including but not limited to, the results from the start up activities and ongoing production potential of Salobro Zinc Project. Readers are cautioned to review the risk factors identified by the company in its filings with US securities agencies. Forward-looking statements are based on management's expectations, beliefs and opinions on the date the statements are made. Zinco do Brasil, Inc. assumes no obligation to update forward-looking statements if management's expectations, beliefs, or opinions, or other factors, should change.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Ryan Hart, CEO
Zinco do Brasil Inc.
100 Park Avenue
New York, NY 10017 USA
T: +1 (212) 984-0628
F: +1 (212) 880-6499
Mobile: +1 (917) 913-9303
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, will provide economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session will also include a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
Oct. 27, 2016 10:30 AM EDT Reads: 2,073
DevOps is speeding towards the IT world like a freight train and the hype around it is deafening. There is no reason to be afraid of this change as it is the natural reaction to the agile movement that revolutionized development just a few years ago. By definition, DevOps is the natural alignment of IT performance to business profitability. The relevance of this has yet to be quantified but it has been suggested that the route to the CEO’s chair will come from the IT leaders that successfully ma...
Oct. 27, 2016 10:30 AM EDT Reads: 16,632
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Oct. 27, 2016 10:15 AM EDT Reads: 1,397
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It doe...
Oct. 27, 2016 10:15 AM EDT Reads: 2,017
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Oct. 27, 2016 10:15 AM EDT Reads: 3,198
Intelligent machines are here. Robots, self-driving cars, drones, bots and many IoT devices are becoming smarter with Machine Learning. In her session at @ThingsExpo, Sudha Jamthe, CEO of IoTDisruptions.com, will discuss the next wave of business disruption at the junction of IoT and AI, impacting many industries and set to change our lives, work and world as we know it.
Oct. 27, 2016 10:02 AM EDT Reads: 131
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Oct. 27, 2016 09:15 AM EDT Reads: 2,156
By now most people have either created their configuration management solution or are just embarking on this journey. In his session at @DevOpsSummit at 19th Cloud Expo, Marco Ceppi, a DevOps Engineer working at Canonical, will discuss how to take configuration management to the next level with modelling and orchestration. He will also discuss how and why people are moving from a machine-centric view to a service/application-oriented view of deployments, and how you can leverage the knowledge a...
Oct. 27, 2016 09:00 AM EDT Reads: 2,047
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
Oct. 27, 2016 08:45 AM EDT Reads: 11,585
In the 21st century, security on the Internet has become one of the most important issues. We hear more and more about cyber-attacks on the websites of large corporations, banks and even small businesses. When online we’re concerned not only for our own safety but also our privacy. We have to know that hackers usually start their preparation by investigating the private information of admins – the habits, interests, visited websites and so on. On the other hand, our own security is in danger bec...
Oct. 27, 2016 08:15 AM EDT Reads: 522
Enterprises have been using both Big Data and virtualization for years. Until recently, however, most enterprises have not combined the two. Big Data's demands for higher levels of performance, the ability to control quality-of-service (QoS), and the ability to adhere to SLAs have kept it on bare metal, apart from the modern data center cloud. With recent technology innovations, we've seen the advantages of bare metal erode to such a degree that the enhanced flexibility and reduced costs that cl...
Oct. 27, 2016 07:45 AM EDT Reads: 523
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Oct. 27, 2016 07:30 AM EDT Reads: 1,951
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and microservices. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your conta...
Oct. 27, 2016 07:30 AM EDT Reads: 1,612
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Oct. 27, 2016 07:00 AM EDT Reads: 5,020
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
Oct. 27, 2016 07:00 AM EDT Reads: 4,935