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ScoZinc Mining Ltd.
Summary
| Project: | Scotia Mine | |
|---|---|---|
| Deposit: | Scotia Mine | |
| Location: | Canada | |
| Commodities: | Zinc-Lead | |
| Date: | 12/18/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 18-12-2019: ScoZinc Mining Ltd. announces a Resource Estimation report for its Scotia Mine deposit at the Scotia Mine project. Updated mineral resource estimate for project. Halifax, Nova Scotia, December 18, 2019 – ScoZinc Mining Ltd. (TSX-V: SZM) (“ScoZ | |
| Resources: | (Resource, M+I): 25.450Mt @ 1.89% Zn, 0.99% Pb | |
| CP/QP: | [Resources]: Timothy Carew (SRK Consulting (US) Inc.) | |
| ABSTRACT: | Halifax, Nova Scotia, December 18, 2019 – ScoZinc Mining Ltd. (TSX-V: SZM) (“ScoZinc” or the “Company”) is pleased to announce a new Mineral Resource Estimate (“MRE”) for its 100% owned Scotia Mine located near Halifax in the Province of Nova Scotia. The MRE was prepared by SRK Consulting (U.S.), Inc. (“SRK”). The President and CEO, Mr. Mark Haywood, stated “ScoZinc is exceptionally pleased with the results of the new mineral resource estimate by SRK. This independent estimation almost doubles our Scotia Mine’s mineral resources which represents a strong validation of our strategy that ScoZinc and its Scotia Mine has been severely under-valued by past owners and the marketplace. With SRK’s new large mineral resource determination, we are now proceeding to complete a pre-feasibility study (“PFS”) lead by Ausenco Engineering. The PFS, due in March next year, is expected to support our strong view that the Scotia Mine has the potential to become a long-term low-cost open-pit base metals producer in Nova Scotia.” | |
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