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Darnley Bay Resources Ltd.
Summary
| Project: | Pine Point Mine | |
|---|---|---|
| Deposit: | Pine Point Mine | |
| Location: | Canada | |
| Commodities: | Lead-Zinc | |
| Date: | 4/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 18-4-2017: Darnley Bay Resources Ltd. announces a PEA report for its Pine Point Mine deposit at the Pine Point Mine project. Updates resource estimate and PEA results incl. post-tax NPV of C$211M, IRR of 34.5%, LOM of 13yrs. Darnley Bay Resources Ltd. (Da | |
| Resources: | (Resource, M+I): 25.8Mt @ 2.94% Zn, 1.12% Pb in open pit deposits | |
| CP/QP: | [Resources]: A. Siega (Independent) | |
| ABSTRACT: | Darnley Bay Resources Ltd. (Darnley Bay) commissioned JDS Energy & Mining Inc. (JDS) to complete a Preliminary Economic Assessment (PEA) for the Pine Point Project. The purpose of this study is to complete a review and compilation of the resources, mining designs and preliminary economics. This report was prepared in order to fulfill the reporting requirements stipulated by Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects (NI 43-101). It must be noted that this PEA is preliminary in nature and includes the use of Inferred Mineral Resources for which the geology is considered too speculative to be categorized as Mineral Reserves. Therefore, there is no certainty that the PEA will be realized. Darnley Bay’s Pine Point properties, including the 10 subject deposits described in this report, are located about 800 km north of Edmonton, near the south shore of Great Slave Lake, in the Mackenzie Mining Division of the Northwest Territories (NWT) of Canada. The Darnley Bay leases range between 42 and 110 km from Hay River, NWT. The lease areas are situated about 10 km south of the Great Slave Lake and lie about 60 m above the lake level, which is at an elevation of 156 m above sea level (masl). Geographic coordinates are from 114° to 115° 15’ West longitude and from 61° 0’ to 61° 45’ North latitude. The mineral leases lie north of the Territorial Highways 5 and 6 which connect Hay River and the Pine Point town site, and extend intermittently from 25 to 80 km east of the town of Hay River. An allweather year-round highway parallels the southern boundary of the Darnley Bay lease block (Figure 1.1). | |
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