Nevada Zinc Unveils Major Gold Discovery Near Coffee Project While Advancing Lone Mountain Drilling

April 25,2025

Exciting Gold Potential Unlocked Near Goldcorp's Coffee Deposit

Nevada Zinc Corporation has made waves in the mining sector with its recent identification of a substantial gold exploration target at its VIP property in Canada's Yukon territory. Situated immediately adjacent to Goldcorp's high-profile Coffee Gold Project - acquired through a $521 million takeover of Kaminak Gold in 2016 - this discovery positions Nevada Zinc as a potentially significant player in the Yukon gold scene. What makes this development particularly intriguing is the scale of opportunity. The East Big Creek gold target shows a 700-meter open strike length with several additional kilometers of untested potential along trend. For context, Goldcorp's neighboring Coffee deposit contains estimated reserves of 2.17 million ounces of gold, demonstrating the exceptional mineral potential of this Yukon gold belt.

VIP Property: A Gold Explorer's Dream With Untapped Potential

Nevada Zinc's VIP property represents a rare opportunity in modern mineral exploration - a large, prospective land package near a major deposit that remains largely unexplored. The company holds 100% ownership of over 837 claims, making it the only significant junior miner in the area not affiliated with Goldcorp. The recent addition of the Wolf block has expanded the property to cover several kilometers of the western extension of the East Big Creek target - an area that has never seen systematic exploration. Considering the property has been held for six years with minimal exploration, the potential for new discoveries appears substantial. As CEO Bruce Durham notes, there's genuine potential to develop "an entire gold camp" at VIP.

Lone Mountain Zinc Project Delivers High-Grade Results

While the Yukon gold news generates excitement, Nevada Zinc continues to make strides at its flagship Lone Mountain zinc project in Nevada. Recent drilling has intercepted impressive near-surface, high-grade zinc mineralization, including:

5.76% zinc over 41.15 meters

Consistent mineralization starting at or near surface

Potential for open-pit development

These results confirm Lone Mountain as one of the more promising zinc exploration projects in mining-friendly Nevada. The combination of high grades and shallow mineralization suggests potentially favorable economics should the project advance to development.

Strategic Positioning in Two Premier Mining Jurisdictions

Nevada Zinc's dual-focus strategy provides investors with exposure to both the zinc and gold sectors while mitigating jurisdictional risk. The company maintains:

Yukon Gold Assets: Located in Canada's rapidly emerging gold district with major company presence (Goldcorp) and excellent infrastructure

Nevada Zinc Project: Situated in the world's top mining jurisdiction with straightforward permitting and existing mining operations

This balanced approach allows the company to capitalize on commodity price movements in both precious and base metals while maintaining a diversified exploration portfolio.

What's Next for Nevada Zinc?

The coming months promise to be eventful for Nevada Zinc as the company:

Expands exploration at the VIP gold targets in Yukon

Continues drilling at Lone Mountain to expand the zinc resource

Potentially attracts joint venture partners for either project

Evaluates additional acquisition opportunities

With Goldcorp's significant investment in the adjacent Coffee project serving as validation of the district's potential, Nevada Zinc's VIP property could become a focal point for gold exploration in the Yukon. Meanwhile, the continued success at Lone Mountain positions the company as one to watch in the zinc space.

Conclusion: A Junior Miner With Major Potential

Nevada Zinc Corporation represents an intriguing opportunity in the junior mining sector. The company's recent gold discovery near Goldcorp's Coffee project - combined with ongoing success at its Lone Mountain zinc property - creates a compelling investment proposition. For gold investors, the VIP property offers exposure to a new Yukon gold discovery with district-scale potential. For base metal investors, Lone Mountain continues to deliver high-grade zinc results in a top-tier jurisdiction. Together, these assets make Nevada Zinc a rare junior miner with two legitimate shots at significant discovery and value creation. As exploration continues at both projects, Nevada Zinc warrants close attention from investors seeking exposure to potential discoveries in both the gold and zinc sectors. The coming year could prove transformative as the company works to unlock the full potential of its promising asset portfolio.

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Nevada Zinc Unveils Major Gold Discovery Near Coffee Project While Advancing Lone Mountain Drilling

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