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Nevada Zinc Corp.
Summary
| Project: | Lone Mountain | |
|---|---|---|
| Deposit: | Lone Mountain | |
| Location: | United States | |
| Commodities: | Zinc-Lead | |
| Date: | 7/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-7-2018: Nevada Zinc Corp. announces a Resource Estimation report for its Lone Mountain deposit at the Lone Mountain project. Initial mineral resource estimate at the project. Toronto, Ontario--(Newsfile Corp. - July 25, 2018) - Nevada Zinc Corporation | |
| Resources: | (Resource, Inf.): 3.257Mt @ 0.70% Pb, 7.57% Zn for 543Mlbs Zn contained at Lone Mountain | |
| CP/QP: | [Resources]: Egene Puritch (P&E Mining Consultants Inc.) | |
| ABSTRACT: | Toronto, Ontario--(Newsfile Corp. - July 25, 2018) - Nevada Zinc Corporation (TSXV: NZN) ("Nevada Zinc" or the "Company") is pleased to announce the receipt of an initial Mineral Resource Estimate of the mineralization outlined to-date at the Company's Lone Mountain Project, Nevada (the "Project"). The Mineral Resource Estimate, completed by independent firm P&E Mining Consultants Inc., is based upon the results from 85 reverse circulation drillholes and 13 core drillholes completed todate on the Project. The most recent program of core drillholes was designed to corroborate assay grades from the reverse circulation drilling as well as to provide further geological information and to expand the footprint of the mineralization. At a cut-off grade of 2% zinc, the pit constrained Inferred Mineral Resource Estimate was determined to be 3,257,000 tonnes grading 7.57% zinc and 0.70% lead. The mineralization is virtually sulphide free, has a low iron content and has been shown to be comprised of primarily zinc oxide and zinc carbonate minerals (hemimorphite and smithsonite). The physical and chemical characteristics of the zinc mineralization outlined at Lone Mountain make it potentially suitable for the production of zinc sulphate. Metallurgical test work currently underway (in addition to work previously reported by the Company) shows the mineralization can be leached under atmospheric conditions using sulphuric acid. The targeted end product after leaching would be zinc sulphate and oxide compounds. Zinc sulphate is used on its own or in combination with other inputs to produce crop fertilizer. Currently, zinc deficiency is the most common micronutrient deficiency in crops globally. Crop yields have been proven to increase significantly through the application of zinc sulphate. Approximately 8% of world zinc production is consumed as zinc sulphate and oxide compounds. Production of zinc chemical compounds could present an attractive opportunity for the Company. | |
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