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Consolidated Zinc Ltd.
Summary
| Project: | Plomosas | |
|---|---|---|
| Deposit: | Plomosas | |
| Location: | Mexico | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 4/29/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-4-2020: Consolidated Zinc Ltd. announces a Resource Estimation report for its Plomosas deposit at the Plomosas project. Updated Mineral Resource Estimate for Project. Consolidated Zinc Limited (ASX:CZL; “Consolidated Zinc” or “the company”) is pleased | |
| Resources: | (Resources, I+I): 964kt @ 13.2% Zn, 3.5% Pb, 20.6g/t Ag | |
| CP/QP: | [Resources]: Shaun Searle (Ashmore Advisory Pty Ltd.) | |
| ABSTRACT: | Consolidated Zinc Limited (ASX:CZL; “Consolidated Zinc” or “the company”) is pleased to announce its updated Mineral Resource estimate for its Plomosas zinc-lead-silver project in northern Mexico. The resource estimate, independently completed by Ashmore Advisory Pty Ltd (“ASH”) in accordance with the JORC (2012) reporting guidelines, contains 964,000 tonnes @ 13.2% Zn and 3.5% Pb for 161,000 tonnes of contained metal in Indicated and Inferred categories. This is a decrease of 18% of resource tonnage and 14% contained zinc metal over the previous resource estimate announced to the ASX on 30 April 2018. The reduction in Mineral Resource derivesfrom the reinterpretation of the geological models of Tres Amigos and Level 7 Semi-oxide (“SOX”) orezones. Mineralised horizons of Tres Amigos are not as continuous as the 2018 model had predicted and the Level 7 SOX orezone is cut by numerous postmineralisation faults that minimally displace the orebody down dip and along strike. | |
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