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ScoZinc Mining Ltd.
Summary
| Project: | Scotia Mine | |
|---|---|---|
| Deposit: | Scotia Mine | |
| Location: | Canada | |
| Commodities: | Lead-Zinc | |
| Date: | 7/7/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 7-7-2020: ScoZinc Mining Ltd. announces a Pre-Feasibility Study report for its Scotia Mine deposit at the Scotia Mine project. PFS results incl. post-tax NPV (8%) of C$115M & IRR of 49%. Halifax, Nova Scotia, July 7, 2020 – ScoZinc Mining Ltd. (TSX-V: SZM | |
| Resources: | (Resource, M+I): 25.450Mt @ 1.89% Zn, 0.99% Pb | |
| CP/QP: | [Overall Report] Tommaso Roberto Raponi, Patrick Hannon, Timothy Carew, Tony Gilman (Minetech International Ltd.,SRK Consulting (US) Inc.,Ausenco Engineering Canada Inc.,Terrane Geoscience Inc.) | |
| ABSTRACT: | Halifax, Nova Scotia, July 7, 2020 – ScoZinc Mining Ltd. (TSX-V: SZM) (“ScoZinc” or the “Company”) is pleased to announce the results of its Pre-Feasibility Study (the “PFS”) including its first NI 43-101 Mineral Reserve Estimate (“2020 Mineral Reserve”) for its wholly-owned and fully-permitted Scotia Mine (“Scotia Mine” or the “Project”), located in Nova Scotia, Canada. The PFS was prepared in collaboration with the independent engineering firms of Ausenco Engineering Canada Inc., MineTech International Limited, SRK Consulting (U.S.), Inc., and Terrane Geoscience Inc. Highlights of the PFS are tabled below, with additional details of the NI 43-101 Technical Report (“2020 PFS”) to be filed on www.sedar.com under ScoZinc’s profile within the next 45 days. The Scotia Mine consists of a fully permitted mine and mill which are 100% owned by ScoZinc. The Scotia Mine is located at approximately 45°02′ North, 63°21′ West, or 62 kilometres northeast of Halifax, Nova Scotia, in the Halifax Regional Municipality. Year-round access to the Project is by paved highway roads and is approximately 15 kilometres off the Nova Scotia provincial highway along Route #224. The Halifax International Airport is located 33 kilometres southwest of the mine site. The Project consists of 648 hectares of mineral rights in the form of three contiguous mineral leases, including land with exploration potential for zinc and lead mineralization. ScoZinc also owns real estate property of 712.5 hectares, which includes the mineral leases and adjoining areas. | |
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