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Consolidated Zinc Ltd.
Summary
| Project: | Plomosas | |
|---|---|---|
| Deposit: | Tres Amigos North | |
| Location: | Mexico | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 7/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-7-2017: Consolidated Zinc Ltd. announces an Exploration/Drilling Update report for its Tres Amigos North deposit at the Plomosas project. Drilling results incl. 1.75m @ 9.43% Zn, 1.67% Pb, 9.33g/t Ag from 85.05m. Consolidated Zinc Limited (ASX:CZL) is | |
| Resources: | (Resource, I+I): 568Kt @ 12.6% Zn, 4.3% Pb, 28.4g/t Ag at project | |
| CP/QP: | [Overall Report]: Steve Boda, Andrew Richards (Not Stated) | |
| ABSTRACT: | Consolidated Zinc Limited (ASX:CZL) is pleased to provide an update on the infill and extension drilling being undertaken of the Tres Amigos resource at their high grade Plomosas Zinc Project in Mexico. Resource Infill Drilling Ongoing drilling designed to extend and infill the currently defined JORC mineral resource has continued to intersect significant zinc-lead mineralisation where predicted. Since the last drilling update five additional holes were completed (LV5025 to LV5029) and assays were received for holes LV5019 – LV5024 (Tables 1 and 2). LV5023 and LV5024 were planned as infill between two high grade intercepts in previously announced holes, LV5018 and LV5008, which were 140m apart (Figures 1 and 2). Given the success of drilling around the Tres Amigos Resource at Level 5 and Level 7, and the highgrade sampling returned from newly defined areas within the mine at Las Espadas and Carola South (ASX Announcements: 21 March and 4 July 2017), the Company has elected to drill additional holes into these high-grade areas with the aim of including further material mineralisation into an upcoming JORC Resource upgrade. Given the direction of ongoing metallurgical studies and the recent high grade intercepts from drilling around Tres Amigos the Company has decided it is prudent to further drill these areas to include them in the JORC Resource upgrade and de-risk the project. To that end, the Company expects the additional drilling, JORC Resource upgrade and Scoping Study will be released in the third quarter of 2017. | |
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