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Consolidated Zinc Ltd.

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Summary

Project:

Plomosas

Deposit:Plomosas
Location:Mexico
Commodities:Zinc-Lead-Silver
Date:9/4/2017
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:4-9-2017: Consolidated Zinc Ltd. announces a Resource Estimation report for its Plomosas deposit at the Plomosas project. 70% Increase in mineral resources. Consolidated Zinc Limited (ASX:CZL; “Consolidated Zinc” or “the company”) is pleased to announce i
Resources:(Resource, I+I): 968Kt @ 12.1% Zn, 3.8% Pb, 24.0g/t Ag at project
CP/QP:[Resources]: Robert Dennis (RPM Advisory Services Pty Ltd.)
ABSTRACT:Consolidated Zinc Limited (ASX:CZL; “Consolidated Zinc” or “the company”) is pleased to announce its upgraded Mineral Resource estimate for its Plomosas zinc-lead-silver project in northern Mexico. The resource estimate, independently completed by RPM Advisory Services Pty Ltd (“RPM”) in accordance with the JORC (2012) reporting guidelines, contains 968,000 tonnes @ 15.9% Zn+Pb and 24.0g/t Ag for 154,000t of contained metal in both Indicated and Inferred categories. This represents an overall increase of 70% resource tonnes and an increase of 60% of contained metal. The additional Mineral Resource comes from the extensions both down dip and down plunge of existing mine development at Level 7, the extrapolation of in-mine mineralisation at Las Espadas and Carola South and the extension of mineralisation at Tres Amigos. Table 1 breaks down the resource by area and category. Managing Director Will Dix said the updated estimate and excellent metallurgical results from Tres Amigos provide the final inputs to the Scoping Study into short term production. The study is expected to be completed by the end of September. Las Espadas and Corola South will provide additional target areas for future drilling and rapid resource expansion from areas that are easily accessible within the existing mine infrastructure.

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