Zincore Drilling Expands Prospective Area at Dolores and

Zincore Drilling Expands Prospective Area at Dolores and Intersects
Copper Mineralization Over 584 Metres 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/08/13 -- Zincore
Metals Inc. (TSX:ZNC)(LMA:ZNC) ("Zincore" or the "Company") is
pleased to report assay results from Holes DOL-12 and DOL-13, the
second and third holes drilled under a joint-venture with First
Quantum Minerals formed to explore the Company's 100%-owned, Dolores
copper-molybdenum porphyry property located in the prolific
Yauri-Andahuaylas copper district in southern Peru.  
Highlights from these results include:  
0.17% Cu Eq(i) over 584.7 metres in Hole DOL-12, including 0.26% Cu
Eq(i) over 143 metres, 0.35% Cu Eq(i) over 36.4 metres, 0.40% Cu
Eq(i) over 10 metres and 0.31% Cu Eq(i) over 45.8 metres.  
To view a summary of results from Holes DOL-12 and DOL-13, please see
Table One below. You may also view a map of exploration activity at
Dolores and cross-section maps of Holes-DOL-12 and DOL-13 by clicking
Zincore President and CEO, Jorge Benavides, commented, "We are
enthusiastic about the results from Hole DOL-12. The consistent and
evenly distributed copper and molybdenum mineralization grading 0.17%
Cu Eq(i) over such a length is classic porphyry mineralization. It is
important to note that the mineralized porphyry may actually have a
higher grade given that this intersection was cut by several thin,
barren, post mineral feldspar porphyry dykes. Even more important,
the long, consistent intercept is similar to what we intersected in
Hole DOL-02(ii), which is located approximately one kilometre to the
Mr. Benavides added, "The results from Hole DOL-13 are also
significant. We cut anomalous copper values associated to mineralized
diorite porphyry dikes at just over 600 metres depth. This is
significant as DOL-13 is located at approximately 600 metres higher
in elevation and 2.7 kilometres to the north of DOL-12, where we
found similar mineralized porphyry with higher copper grades. The
results from DOL-13 indicate that the vast space between Holes DOL-12
and DOL-13 may harbour additional targets under cover. Extensive
geophysical surveys completed at the end of 2010 indicate many
anomalies and excellent targets in the central and northern areas of
Dolores, especially between Holes 12 and 13. However, drill results
for Holes DOL-1, DOL-3, DOL-4 and DOL-5(ii) yielded very little
positive news. This latest information from DOL-13 indicates that we
may need to drill deeper and re-orient the angles of our drills to
better explore this very large and obviously prospective area."  
(i)Copper Equivalent Total calculated using TD Securities long term
prices of US$2.75/lb. copper and US$15.00/lb. molybdenum.
Metallurgical recoveries and net smelter returns are assumed to be
(ii)For more information about previous drill results for Holes
DOL-1, DOL-2, DOL-3, DOL-4 and DOL-5 and our 2010 geophysical
surveys, please see our news releases dated May 3, October 4 and
January 13, 2011 respectively. 
Hole DOL-12 intercepted copper and molybdenum mineralization over
584.7 meters. The mineralization is hosted within porphyry quartz
diorite, which is cut by another mineralized porphyry quartz
monzonite. DOL-12 is the southern-most drill hole location to date
and is located about 300 meters south of the DOL-11, the next nearest
hole location to the North which is also mineralized. Mineralization
is open to the west and south. 
Hole DOL-13, intended as a deep exploratory probe, met its goal of
intersecting at depth what had been interpreted as mineralized quartz
diorite porphyry dikes with quartz chalcopyrite veinlets at the
contact between the barren tonalite porphyry and quartzites, although
cutting only anomalous copper values. DOL-13 is located 2.7
kilometres north of DOL-12, where copper and molybdenum
mineralization was found in same quartz diorite porphyry but in
higher grades. 
The Company has also now completed drilling holes DOL-14, DOL-15 and
DOL-16, as well as surface work in Trench 3, and is awaiting assay
results. Drilling has also begun at Hole DOL-17. 

Table One - Dolores Drill Results                                         
                              Drill Hole                Copper            
              From       To Intersection   Cu    Mo Equivalent    Au    Ag
          (metres) (metres)          (1)  (%)   (%)     (%)(i) (g/t) (g/t)
DOL-12        98.9    683.6        584.7 0.15 0.004       0.17  0.03   0.7
Including     98.9    241.9        143.0 0.21 0.009       0.26  0.03   0.7
  and         98.9    135.3         36.4 0.26 0.017       0.35  0.03   0.9
  and        152.6    162.6         10.0 0.36 0.007       0.40  0.03   1.3
  and        196.1   241.85         45.8 0.28 0.005       0.31  0.05   0.9
  and        277.0    376.1         99.1 0.23 0.003       0.24  0.04   1.2
  and        401.9    416.6         14.8 0.28 0.006       0.31  0.06   1.1
  and        449.8    474.8         25.1 0.26 0.007       0.30  0.05   2.0
DOL-13       603.0    610.1          7.1 0.06   NSV       0.06  0.01   0.2
  (1) Core widths                                                           
  (i) Copper Equivalent Total calculated using TD Securities long term      
      prices of US$2.75/lb. copper and US$15.00/lb. molybdenum and do not   
      include any potential gold or silver credits. Metallurgical recoveries
      and net smelter returns are assumed to be 100%.                       

The Dolores Copper Porphyry Project  
Zincore's 100%-owned Dolores Project is located on the Company's
Accha Zinc Oxide District in the Yauri-Andahuaylas Copper belt in
southern Peru. It is near significant copper mines and developments
such as Xstrata's Las Bambas and Tintaya, HudBay's Constancia and
First Quantum's Haquira. To date, Zincore has published results from
13 drill holes, two trenches and a number of surface samples at
Dolores. The Company has also received and is reviewing results from
an extensive ground magnetic and induced polarization survey of the
Dolores area, as well as a regional aeromagnetic and radiometric
study. It is expected that this new data will contribute to a better
understanding of the deposit and help focus future exploration work. 
To view the Dolores joint-venture details, please click here. 
Vernon Arseneau, P.Geo., is an independent geologist registered in
Quebec, Canada. He has prepared or supervised the preparation of the
information contained in this news release and is the Qualified
Person as defined under National Instrument 43-101 for this news
Quality Control  
Zincore has implemented a quality control program to ensure best
practice in lithogeochemical sampling and analysis of rock chips,
trench, tunnel and drill core samples. All channel samples were
delivered in sealed security bags to ACME Labs Laboratory in Lima.
All samples were analyzed by ICP (34 elements) using aqua regia
digestion. Copper values were also determined by aqua regia digestion
at ore grade level and gold was assayed by fire assay. 
About Zincore  
Zincore is a Vancouver-based mineral exploration company focused
mainly on zinc and related base metal opportunities in Peru. The
Company's common shares trade on both the Toronto and Lima Stock
Exchanges under the symbol ZNC. For more information, please see our
website at www.zincoremetals.com. 
Forward-looking Statements: Statements in this release that are
forward-looking, in particular with regards to the potential of the
Dolores project are subject to various risks and uncertainties
concerning the specific factors disclosed under the heading "Risk
Factors" and elsewhere in the Annual Information Form of Zincore
dated March 19, 2012 which is filed with Canadian securities
regulatory authorities and available on SEDAR (www.sedar.com). Such
information contained herein represents management's best judgment as
of the date hereof based on information currently available.
Zincore Metals Inc.
Adam Ho
Manager, Investor Relations
(604) 669-6611 ext. 3
(604) 669-6616 (FAX)
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