Nevada Zinc Buys 100-percent Interest in Mountain View Mine

Nevada Zinc Corp. (TSXV:NZN) announced that it’s purchased a 100-percent stake in the Mountain View Mine (MVM) located within its Lone Mountain zinc project.
As quoted in the press release:

The MVM, which has been a key outstanding acquisition target since the Company commenced exploration and drilling in the Lone Mountain area roughly one year ago, cements the Company’s holdings in the area to 100% of all mineral titles in the Lone Mountain area. The MVM property boundary is located within 60 metres of the closest point of drilling on the Company’s Discovery Zone and approximately 200 metres from the Company’s latest drill hole, LM-15-36 which intersected very significant high grade zinc and lead mineralization averaging 9.49% zinc and 1.34% lead,(10.83% zinc + lead) over a 91.44 metre (300 foot) interval.

Bruce Durham, president and CEO of Nevada Zinc, commented:

We have continued to intersect long intervals of high grade mineralization that expand the overall footprint of the Discovery Zone. We knew that in order to expand the footprint of the mineralization much farther to the southeast we needed to acquire the Mountain View Mine property. We managed to purchase 100% of the propertry with no further obligations and we can now go back to work on expanding the footprint of the Discovery Zone and also commence an evaluation of the various targets around the Mountain View Mine workings.

Click here to read the full Nevada Zinc Corp. (TSXV:NZN) press release.