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Titan Mining Corp.
Summary
| Project: | Empire State Mines | |
|---|---|---|
| Deposit: | Empire State Mines | |
| Location: | United States | |
| Commodities: | Zinc | |
| Date: | 8/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 18-8-2017: Titan Mining Corp. announces a PEA report for its Empire State Mines deposit at the Empire State Mines project. Updated resources & PEA results incl. post-tax NPV(8%) of $150M, IRR of 121%, LOM of 8yrs. St. Lawrence Zinc Company, LLC (SLZ) is a | |
| Resources: | (Resource, M+I): 2.158Mt @ 13.29% Zn at project | |
| CP/QP: | [Resources]: Allan Reeves (Tuun Consulting Inc.) | |
| ABSTRACT: | St. Lawrence Zinc Company, LLC (SLZ) is an indirect, wholly owned subsidiary of Titan Mining (US) Corporation (Titan). SLZ owns the Balmat No. 4 Zinc Mine (the Mine) which is now known as Empire State Mines (ESM). ESM is located in the Balmat-Edwards mining district in northern New York State, near Gouverneur and is 25 miles (mi) south of the Port of Ogdensburg. SLZ commissioned JDS Energy & Mining Inc. (JDS) to complete a Preliminary Economic Assessment (PEA) for the potential re-opening of the mine. The last Technical Report prepared for the mine was produced in 2005 by Hudbay Minerals Inc. (Hudbay), from which time the mine went into production for three years and has since been on care and maintenance. This Technical Report summarizes the results of the 2017 PEA study and was prepared following the guidelines of NI 43-101. All currency in this report is United States dollars (US$), unless stated otherwise. Imperial and metric units are used and defined as required. Throughout this report, words such as orebody, ore shaft and fine ore bins have been used; these refer to standard terms and do not imply the confirmed presence of ore. | |
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