Canadian Zinc Updates on Collaboration with Buchans Minerals
Canadian Zinc Corp. (TSX:CZN,OTCQB:CZICF) released an update on its work with Buchans Minerals Corp. (TSXV:BMC), a subsidiary of Minco plc (LSE:MIO).
Canadian Zinc Corp. (TSX:CZN,OTCQB:CZICF) released an update on its work with Buchans Minerals Corp. (TSXV:BMC), a subsidiary of Minco plc (LSE:MIO).
The companies have agreed to undertake a research program on the viability of developing their respective zinc-lead-copper-silver-gold deposits via a central milling facility. Both companies’ deposits are located in Newfoundland.
As quoted in the press release:
The objective of the research program is to determine the technical and economic viability of developing the companies’ key deposits into producing operations by utilizing a central milling facility. The concept is based on the potential that collectively, the satellite deposits can be economically mined, pre-concentrated, trucked and then milled simultaneously or sequentially through a central mill.
The Company was awarded funding by the Research & Development Corporation of Newfoundland and Labrador (“RDC”) to undertake a research program to complete physical and metallurgical bench scale studies on seven volcanogenic massive sulphide (“VMS”) deposits located in central Newfoundland. RDC is providing funding of $535,000 for the project through the GeoEXPLORE Industry-led R&D Technology Development and Demonstration Program. The total cost of the research project is estimated at $735,000.
Outcomes of the research project will provide key information on which to further evaluate the economic viability of developing the central Newfoundland deposits through a central milling facility. Positive results would lead to continued development work on the known deposits, renewed exploration interest leading to new discoveries and, ultimately, potential mining operations in central Newfoundland.
Click here to read the full Canadian Zinc Corp. (TSX:CZN,OTCQB:CZICF) press release.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1819.80 | -3.63 | |
Silver | 20.91 | -0.24 | |
Copper | 3.76 | -0.01 | |
Palladium | 1875.00 | +7.00 | |
Platinum | 915.00 | +8.00 | |
Oil | 111.84 | +2.27 | |
Heating Oil | 4.10 | -0.02 | |
Natural Gas | 6.51 | +0.01 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.