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Donner and Xstrata Receive Development of the Year Award
Nov. 29, 2010 11:04AM PST
Base Metals Investing Donner Metals( CVE:DON) and Xstrata Zinc(LON:XTA) announced that together, they have received the “Development of the Year” award. The press release is quoted as saying: This award was presented at the Quebec Exploration 2010 conference in recognition of the commencement of development of the Bracemac-McLeod Mine in July of this year. Under the feasibility study completed […]
Donner Metals( CVE:DON) and Xstrata Zinc(LON:XTA) announced that together, they have received the “Development of the Year” award.
The press release is quoted as saying:
This award was presented at the Quebec Exploration 2010 conference in recognition of the commencement of development of the Bracemac-McLeod Mine in July of this year. Under the feasibility study completed by Genivar Limited Partnership and Xstrata Zinc, the mine is scheduled for production in January 2013 and will produce at a rate of 2500 tonnes per day over an expected mine life of four years on current mining reserves of 3.73 million tonnes grading 9.60% zinc, 1.26% copper, and 28.25g/t silver and 0.43g/t gold (see news release September 2, 2010). The mine is expected to produce 606 million pounds zinc, 83 million pounds copper, 1,497,000 ounces silver and 13,090 ounces gold. Potential to expand the mine exists on the basis of inferred resources of 2.63 million tonnes grading 8.78% zinc, 1.31% copper, 38.83g/t silver and 1.06g/t gold that will be assessed when underground development is established.
To access the full release, click here.