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Consolidated Zinc Ltd.
Summary
| Project: | Plomosas | |
|---|---|---|
| Deposit: | Cuddy 7.2 | |
| Location: | Mexico | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 7/14/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-7-2016: Consolidated Zinc Ltd. announces an Exploration/Drilling Update report for its Cuddy 7.2 deposit at the Plomosas project. Drilling results incl. 8.50m @ 34.99% Zn, 15.40% Pb, 158.52g/t Ag from 59.3m. Ongoing drilling at Consolidated Zinc Limite | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steve Boda, Andrew Richards (Not Stated) | |
| ABSTRACT: | Ongoing drilling at Consolidated Zinc Limited’s (ASX: CZL; “Consolidated Zinc” or “the Company”) Plomosas project in Mexico has confirmed the extension of massive sulphide mineralisation. The further high grade discoveries come from deeper drilling below the Company’s level 7 mine development. Visual results for holes LV7DD020 to 022 and LV7023 were previously reported and subsequent assay results confirmed those observations with grades up to 50% Zn and Pb over true widths up to 5.20m. Table 1 summarises the grades and intervals returned. In addition, drill holes LV7024 and LV7026 were completed with the latter returning 8.50m (TW 3.02m) at 34.99% Zn, 15.40% Pb and 158.5 g/t Ag Table 1 shows the assay result highlights from recent drilling with Table 2 providing full drill hole details. Hole LV7025 was abandoned when it hit a void while holes LV7027 to LV7030 were completed but assay results have not been returned. Visually, LV7027 returned NSI while LV7028 to LV7030 intersected narrow zones of massive sulphides. In addition, the Company has engaged a local mining contractor, on a short-term basis, to fast-track underground development. This will increase the number of drilling cuddy positions available for targeting mineralisation along strike and down dip of the current known positions. | |
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