Welcome!

News Feed Item

Zinco do Brasil Provides Project Update

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.

Forward-Looking Statements

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
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: imple...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone in...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...