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Canadian Zinc Files Technical Report on 2016 Prefeasability Study Update
May. 13, 2016 08:26AM PST
Base Metals Investing Canadian Zinc (TSX:CZN) announced it has filed a new Technical Report on its 100 percent owned Prairie Creek lead, zinc and silver mine in the Northwest Territories. As quoted in the news release: The Technical Report, entitled “Prairie Creek Property Prefeasibility Update NI 43-101 Technical Report”, effective March 31, 2016, was prepared by AMC Mining …
Canadian Zinc (TSX:CZN) announced it has filed a new Technical Report on its 100 percent owned Prairie Creek lead, zinc and silver mine in the Northwest Territories.
As quoted in the news release:
The Technical Report, entitled “Prairie Creek Property Prefeasibility Update NI 43-101 Technical Report”, effective March 31, 2016, was prepared by AMC Mining Consultants (Canada) Ltd., (“AMC”) with contributions from Tetra Tech Inc. and Canadian Zinc consultants and personnel (collectively “the Authors”), in accordance with National Instrument 43-101 (“NI 43-101”) and is available under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at www.canadianzinc.com.
The Technical Report provides results of the 2016 Prefeasibility Study (“PFS”) Update that included optimization work completed over the past three years, including the 2015 underground exploration program at Prairie Creek. This program increased total Measured and Indicated Resource tonnages by 32% and increased total Proven and Probable Mineral Reserves by 46% from the previous 2012 Mineral Reserve and Resource estimates. The PFS indicates average annual production of approximately 60,000 tonnes of zinc concentrate and 55,000 tonnes of lead concentrate, containing approximately 86 million pounds of zinc (in both zinc and lead concentrates), 82 million pounds of lead (in both lead and zinc concentrates) and 1.7 million ounces of silver over an initial mine life of 17 years.