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New Century Resources Ltd.

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Summary

Project:

Century Mine

Deposit:South Block
Location:Australia
Commodities:Zinc-Lead-Silver
Date:1/15/2018
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Feasibility Study
Report details:15-1-2018: New Century Resources Ltd. announces a Resource Estimation report for its South Block deposit at the Century Mine project. Updated indicated Mineral Resource for the Century Mine. New Century Resources Limited (Company or New Century) (ASX:NCZ)
Resources:(Resource, I+I): 9.3Mt @ 6.1% Zn, 4.7% Pb, 66g/t Ag at Century Mine
CP/QP:[Resources]: Damian O'Donohue (Internal)
ABSTRACT:New Century Resources Limited (Company or New Century) (ASX:NCZ) is pleased to announce the completion of resource definition over the South Block mineralisation at the Century Zinc Mine. The South Block Indicated Mineral Resource complements already defined insitu Inferred Mineral Resources at Silver King1 and East Fault Block2, demonstrating the significant upside for operations beyond the recently announced Restart Feasibility Study3 over the Proved Ore Reserve of the Century Tailings Deposit (77.3Mt at 3.1% ZnEq)4.5 South Block Mineral Resource Overview South Block is located on the southernmost portion of the original Century ore body and directly adjacent to the existing Century Processing Plant. The remaining Century-style Zn-Pb-Ag mineralisation in South Block is tabular in geometry and measures approximately 1,000m in length, 115m in width and is up to 30m thick. Mineralisation is encountered 21m below surface at the western extent, and is exposed in the southern wall of the existing open pit. As part of the South Block Mineral Resource definition, diamond drilling was completed to obtain representative samples to support quality assurance and quality control checks of historic drilling. The program consisted of two diamond drill holes through the central region of the deposit. The samples were used to locally validate the Indicated Mineral Resource estimate, and provide representative sample for metallurgical test work and metal recovery assumptions.

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