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Nevada Zinc Corp.
Summary
| Project: | Lone Mountain | |
|---|---|---|
| Deposit: | Mountain View Mine | |
| Location: | United States | |
| Commodities: | Zinc-Lead | |
| Date: | 7/5/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-7-2016: Nevada Zinc Corp. announces an Exploration/Drilling Update report for its Mountain View Mine deposit at the Lone Mountain project. Drilling results incl. 15.24m @ 11.89% Zn, 3.74% Pb from 19.81m. Toronto, Canada, July 5, 2016 – Nevada Zinc Corpo | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bruce Durham (Internal) | |
| ABSTRACT: | Toronto, Canada, July 5, 2016 – Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V: NZN) is pleased to report assay results for 10 reverse circulation drill holes from its ongoing drill program on the Company’s Mountain View Mine which is part of the Company’s highly prospective Lone Mountain zinc project (the “Project”) located near Eureka, Nevada. The current drilling program is part of a work program designed to evaluate the potential of the Project to host a near surface zinc-lead resource that could potentially be mined using low cost open pit mining techniques. All 12 holes reported to date from the Mountain View Mine have intersected near surface zinc-lead mineralization. President and CEO, Bruce Durham commented, “drilling at the Mountain View Mine continues to give us confidence that zinc-lead mineralization extends well beyond the limits of the historic mining of the Mountain View Mine from the 1940’s to the 1960’s. Three of the ten holes intersected what appear to be old drifts or stopes and yet significant mineralization was intersected in the walls of the historic mine openings indicating that mining was focused on only very high grade mineralization. Some of this mineralization is essentially exposed at surface and all of the mineralizaiton we are intersecting is very shallow so we feel this is an excellent project to be evaluated as a potential low cost open pit target. Zinc fundamentals remain very strong and the significant reduction in mine supply should start to be reflected in the zinc price as inventories continue to decline.” | |
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