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Canadian Zinc Corp.
Summary
| Project: | Prairie Creek | |
|---|---|---|
| Deposit: | Prairie Creek | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 9/30/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-9-2016: Canadian Zinc Corp. announces a Pre-Feasibility Study report for its Prairie Creek deposit at the Prairie Creek project. Amended overstated gross smelter revenue value in the life of mine model. This Technical Report was revised on 30 September | |
| Resources: | (Reserve, P+P): 7.6Mt @ 127.58g/t Ag, 8.33% Pb, 8.93% Zn (23.54% ZnEq.) | |
| CP/QP: | [Resources]: Gregory Z. Mosher (AMC Consultants Pty Ltd.) | |
| ABSTRACT: | This Technical Report was revised on 30 September 2016 to correct an error in the life-of-mine economic model presented in Section 22. The error caused an overstatement in gross smelter revenue to $3.7 billion from $3.3 billion over the projected 17-year life of the Prairie Creek Mine. The gross metal value of production (using the same assumptions) remains unchanged. The overestimation resulted from the inclusion in the economic model of smelter revenue for by-product metals in primary concentrates that may not be payable, depending on final concentrate contract terms. Only Sections 1, 2 (first paragraph only), 22 and 25 have been updated, the changes made reflecting the adjustments to the life-of-mine economic model and associated commentary. All inputs into the economic model and all technical aspects of this report remain unchanged, including all mineral resource and reserve estimates, mining plans and production rates and estimates of capital and operating costs and assumptions on concentrate treatment charges and penalties. No other changes or additions have been made to the original report which remains effective as of 31 March 2016. | |
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