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Titan Mining Corp.
Summary
| Project: | Empire State Mines | |
|---|---|---|
| Deposit: | Empire State Mine 4 | |
| Location: | United States | |
| Commodities: | Zinc | |
| Date: | 4/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 10-4-2018: Titan Mining Corp. announces a PEA report for its Empire State Mine 4 deposit at the Empire State Mines project. PEA results incl. post-tax NPV of US $183.3M (8%), IRR of 215%, and 8yr LOM at the project. St. Lawrence Zinc Company, LLC (“SLZ”) | |
| Resources: | (Resource): 2.169Mt @ 13.27% Zn (M+I), 5.416Mt @ 12.50% Zn (Inf.) at project | |
| CP/QP: | [Resources]: Allan Reeves (Tuun Consulting Inc.) | |
| ABSTRACT: | St. Lawrence Zinc Company, LLC (“SLZ”) is an indirect, wholly owned subsidiary of Titan Mining (US) Corporation (“Titan”). SLZ owns the Balmat No. 4 Zinc Mine (the Mine) which is now known as Empire State Mines’ (ESM) No. 4 Mine or #4 Mine. ESM is located in the Balmat-Edwards mining district in northern New York State, near Gouverneur and is 25 miles (mi) south of the Port of Ogdensburg. SLZ commissioned JDS Energy & Mining Inc. (“JDS”) to complete a preliminary economic assessment (“PEA”) for the mine. The mine is fully developed with shaft access and mobile equipment on-site. Existing surface facilities at the mine include a maintenance shop, offices, mine dry, primary crusher, mine ventilation fans, 12,000-ton (t) covered concentrate storage building, rail siding, warehouse and storage buildings. The mine and its facilities have been maintained to good standards during this period of care and maintenance. Mineralization is hosted within an Upper Marble rock unit, comprised of metamorphosed and complexly folded (silicified) marbles. The mineralization is located primarily in hinges of large fold structures. | |
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