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Consolidated Zinc Ltd.
Summary
| Project: | Plomosas | |
|---|---|---|
| Deposit: | Plomosas | |
| Location: | Mexico | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 11/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-11-2016: Consolidated Zinc Ltd. announces an Exploration/Drilling Update report for its Plomosas deposit at the Plomosas project. Drilling results incl. 6.55m @ 13.45% Zn, 7.22% Pb, 26.05g/t Ag from 103.00m. Consolidated Zinc Limited (CZL:ASX) is pleas | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steve Boda, Andrew Richards (Not Stated) | |
| ABSTRACT: | Consolidated Zinc Limited (CZL:ASX) is pleased to present the following report detailing assay results and drilling intercepts received at the Plomosas project resource definition drilling program. Underground drilling and development continued in Level 7 and the newly developed cuddy L8.1 testing down plunge extensions from Level 8. Assays for drillholes LV7036 to LV7043 and LV7045 to LV7050 were received while those for completed holes LV7044, LV7051 to LV7053 and LV8001 to LV8004 are awaited (Figure 2). Drilling continues to demonstrate that mineralisation extends over several hundred metres of strike and up to 80m down-dip. Managing Director Will Dix commented “the new intersections to the south of our modelled mineralisation continue to support the Company’s view that significant base metal resources exist down dip and down plunge of the mine development. These new results will be incorporated into our initial resource estimate due out next month and provide additional targets for immediate follow up. This and the recent regional exploration results have provided the impetus for a re-think on capital management and the decision to focus our cash in the ground rather than accelerating the restructure of the project ownership at this time.” Table 1 summarises the highlights of intercepts encountered in infill drilling and holes testing the limits of the resource, showing those assays returned and awaited. | |
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