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Nexa Resources S.A.
Summary
| Project: | Aripuana | |
|---|---|---|
| Deposit: | Babacu | |
| Location: | Brazil | |
| Commodities: | Zinc-Lead-Copper-Silver-Gold | |
| Date: | 12/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-12-2019: Nexa Resources S.A. announces an Exploration/Drilling Update report for its Babacu deposit at the Aripuana project. Drilling results incl. 257.5m @ 3.71% Zn, 1.87% Pb, 0.36% Cu, 0.23g/t Au, 43.68g/t Ag from 607m. Luxembourg, December 11, 2019 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jose Antonio Lopes (Internal) | |
| ABSTRACT: | Luxembourg, December 11, 2019 - Nexa Resources S.A. (“Nexa Resources” or “Nexa” or the “Company”) (NYSE and TSX Symbol: “NEXA”) is pleased to provide an update on the existing exploration drilling campaign at its Aripuanã zinc project (“Aripuanã Project” or “Aripuanã”), located in Mato Grosso state, Brazil. Drilling from February to November 2019 was focused on mineral resource expansion at the Babaçu exploration target, which lies to the southeast of the Ambrex deposit. The latest exploration results confirmed a thick mineralized zone in fold hinge in the deep northwest extension of Babaçu. The Babaçu exploration target has confirmed mineralization over more than one kilometer long and it is still open at depth on the northwest extension, as indicated in "Figure 1" and “Table 1” below. Tito Martins, CEO of Nexa, commented, “the updated findings at the Babaçu exploration target substantiate our expectations of the existence of other mineralized zone that could be part of a larger mineral trend, supporting Aripuanã’s future growth. We remain confident of the potential of the Aripuanã Project and believe it will exceed our initial estimates of value creation.” The Aripuanã Project is among the top 3 largest greenfield projects under construction1 and its exploration results also indicate Aripuanã as one of the largest Volcanogenic Massive Sulphide (VMS) deposits in Latin America. Our drill program will remain focused on the northwest extension of Babaçu and we expect to execute an additional 8,000 meters of mineral exploration in 2020. The Aripuanã Project2 consists of three main mineralized zones – Arex, Link and Ambrex – with estimated zinc equivalent production at 120kt per year over a life-of-mine of 13 years. Mine production is expected to commence in 2021. | |
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