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Norzinc Ltd.
Summary
| Project: | Lemarchant | |
|---|---|---|
| Deposit: | Lemarchant | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Copper-Gold-Silver | |
| Date: | 9/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-9-2018: Norzinc Ltd. announces a Resource Estimation report for its Lemarchant deposit at the Lemarchant project. Updated mineral resource estimate at the project. VANCOUVER, Sept. 20, 2018 /CNW/ - NorZinc Ltd (TSX: NZC; OTCQB: CZICF) ("NorZinc" or "th | |
| Resources: | ||
| CP/QP: | [Resources]: Matthew Harrington, Michael Cullen (Mercator Geological Services Ltd.) | |
| ABSTRACT: | VANCOUVER, Sept. 20, 2018 /CNW/ - NorZinc Ltd (TSX: NZC; OTCQB: CZICF) ("NorZinc" or "the Company") is pleased to report an updated National Instrument 43-101 (NI 43-101) Mineral Resource Estimate for the 100% owned Lemarchant zinc-lead-copper-gold-silver volcanogenic massive sulphide (VMS) deposit and results of the recent barite metallurgical study. The Lemarchant deposit is part of NorZinc's 140 km2 land package in Newfoundland, located 20 km from Teck's past-producing Duck Pond copper-zinc mine. "We are very pleased with the results of this resource update at Lemarchant, with significant improvements in the indicated resource and metal grades, as well as an overall increase in the size of the deposit." stated President & CEO of NorZinc, Don MacDonald. "Results from the recently completed barite metallurgical study indicate a high grade barite concentrate is potentially viable, which could raise the overall gross metal value of the deposit". Mineral Resource Estimate Update NorZinc contracted Mercator Geological Services Limited of Dartmouth, Nova Scotia to update the Lemarchant Mineral Resource Estimate on completion of the 2017 drill programs. The updated Mineral Resource estimate for Lemarchant has an effective date of September 20, 2018 and is based on information provided from 165 drillholes, totaling 52,952 metres, completed between 1991-1993 and 2007-2017. Between 2013 and 2017, NorZinc completed 91 drillholes and 8 drillhole extensions for 28,455 metres, all of which post-date the last NI 43-101 Mineral Resource Estimate prepared for the deposit in 2012. A summary of the new Mineral Resource Estimate at a cut-off grade of 4% Zinc Equivalent ("ZnEq") appears in Table 1 below. Table 2 presents the deposit's calculated contained metal based on the Mineral Resource Estimate. | |
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