|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
The IoT is upon us, but today’s databases, built on 30-year-old math, require multiple platforms to create a single solution. Data demands of the IoT require Big Data systems that can handle ingest, transactions and analytics concurrently adapting to varied situations as they occur, with speed at scale. In his session at @ThingsExpo, Chad Jones, chief strategy officer at Deep Information Sciences, will look differently at IoT data so enterprises can fully leverage their IoT potential. He’ll sha...
Oct. 9, 2015 12:30 PM EDT Reads: 541
In his session at DevOps Summit, Bryan Cantrill, CTO at Joyent, will demonstrate a third path: containers on multi-tenant bare metal that maximizes performance, security, and networking connectivity.
Oct. 9, 2015 12:30 PM EDT Reads: 168
DevOps has often been described in terms of CAMS: Culture, Automation, Measuring, Sharing. While we’ve seen a lot of focus on the “A” and even on the “M”, there are very few examples of why the “C" is equally important in the DevOps equation. In her session at @DevOps Summit, Lori MacVittie, of F5 Networks, will explore HTTP/1 and HTTP/2 along with Microservices to illustrate why a collaborative culture between Dev, Ops, and the Network is critical to ensuring success.
Oct. 9, 2015 12:30 PM EDT Reads: 164
Manufacturing has widely adopted standardized and automated processes to create designs, build them, and maintain them through their life cycle. However, many modern manufacturing systems go beyond mechanized workflows to introduce empowered workers, flexible collaboration, and rapid iteration. Such behaviors also characterize open source software development and are at the heart of DevOps culture, processes, and tooling.
Oct. 9, 2015 12:30 PM EDT Reads: 1,099
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively.
Oct. 9, 2015 12:15 PM EDT Reads: 154
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult - let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and li...
Oct. 9, 2015 12:00 PM EDT Reads: 237
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
Oct. 9, 2015 12:00 PM EDT Reads: 736
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Oct. 9, 2015 12:00 PM EDT Reads: 227
Today’s connected world is moving from devices towards things, what this means is that by using increasingly low cost sensors embedded in devices we can create many new use cases. These span across use cases in cities, vehicles, home, offices, factories, retail environments, worksites, health, logistics, and health. These use cases rely on ubiquitous connectivity and generate massive amounts of data at scale. These technologies enable new business opportunities, ways to optimize and automate, al...
Oct. 9, 2015 12:00 PM EDT Reads: 179
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Oct. 9, 2015 12:00 PM EDT Reads: 294
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Oct. 9, 2015 11:45 AM EDT Reads: 118
As the world moves towards more DevOps and microservices, application deployment to the cloud ought to become a lot simpler. The microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. In his session at 17th Cloud Expo, Raghavan "Rags" Srinivas, an Architect/Developer Evangeli...
Oct. 9, 2015 11:45 AM EDT Reads: 175
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. Migration to cloud shifts computing resources from your data center, which can yield significant advantages provided that the cloud vendor an offer enterprise-grade quality for your application.
Oct. 9, 2015 11:30 AM EDT Reads: 259
As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ability. Many are unable to effectively engage and inspire, creating forward momentum in the direction of desired change. Renowned for its approach to leadership and emphasis on their people, organizations increasingly look to our military for insight into these challenges.
Oct. 9, 2015 11:15 AM EDT Reads: 131
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi's VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driv...
Oct. 9, 2015 11:15 AM EDT