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Nexa Resources S.A.
Summary
| Project: | Hilarion | |
|---|---|---|
| Deposit: | Hilarion | |
| Location: | Peru | |
| Commodities: | Zinc-Lead-Copper-Molybdenum-Gold-Silver | |
| Date: | 8/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-8-2019: Nexa Resources S.A. announces an Exploration/Drilling Update report for its Hilarion deposit at the Hilarion project. Drill results incl. 61.80m @ 0.43% Zn, 0.29% Pb, 0.00% Cu, 768.40g/t Mo, 5.99g/t Au, 62.26g/t Ag from 397.55m. Luxembourg, Aug | |
| Resources: | Exploration Target for Hilarion North: 30 - 120Mt @ 3.0 - 8.0% ZnEq. | |
| CP/QP: | [Overall Report]: Jose Antonio Lopes (Internal) | |
| ABSTRACT: | Luxembourg, August 13, 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 ongoing exploration drilling campaign of its Hilarión 1 polymetallic skarn project, targeting northward extension. The project is located in the Ancash department, north of Lima, Peru. The latest exploration results indicate a potentially significant increase in zinc tonnage and in zinc equivalent grade from March 2019 release (“Greenfield project pipeline update”), including gold and molybdenum discoveries at depth. Tito Martins, Chief Executive Officer of Nexa Resources, commented, “The updated findings relating to the Hilarión project substantiate our expectations of finding significant zinc mineralization between the Hilarión and El Padrino deposits. Infill drilling in this zone could result in the conversion of the reported exploration target into mineral resources and confirm Hilarión as the largest zinc resource in Latin America.” Hilarión has the second largest mineral resources2 among the undeveloped zinc projects in Latin America, according SNL Metals & Mining 2019 data, with measured and indicated resources estimated to contain 2.63 million tons of contained zinc and inferred resources estimated to contain 1.40 million of contained zinc. In addition to the drilling program, engineering studies continue to advance and a preliminary economic assessment (“PEA”) is expected to be completed by calendar year end 2019. | |
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