Canadian Zinc Completes Feasibility Study for Prairie Creek Project

- September 28th, 2017

Canadian Zinc Corp. (TSX:CZN,OTCQB:CZICF) released preliminary results for a feasibility study recently completed at its Northwest Territories-based Prairie Creek zinc-lead-silver project.

Canadian Zinc Corp. (TSX:CZN,OTCQB:CZICF) released preliminary results for a feasibility study recently completed at its Northwest Territories-based Prairie Creek zinc-lead-silver project. According to the company, the report is a “notable” improvement on the 2016 preliminary feasibility study done at Prairie Creek.
Some of the improvements are as follows:

  • Increased mining rate (+18.5% to 1,600 tonnes per day).
  • Increased mill throughput after DMS processing (+25% to 1,200 tonnes per day).
  • Lower operating cost (-2.6% to $223 per tonne mined, including transport).
  • Increased Mineral Reserve tonnage (+6.2% to 8.1 million tonnes).

John F. Kearney, chairman and CEO of Canadian Zinc, commented:

We are very pleased with the results of the 2017 Feasibility Study which is a major milestone for the development of the Prairie Creek Mine and confirms strong project economics and significant potential value for our shareholders.
The positive results, showing many improvements from the 2016 PFS, demonstrate the potential of this world-class asset and confirm that the development of the Prairie Creek Mine will provide material benefits to local communities and to the economy of the Northwest Territories for many years.

Click here to read the full Canadian Zinc Corp. (TSX:CZN,OTCQB:CZICF) press release.

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