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Nevada Zinc Options Zinc-Copper Project With Historic Resources and Significant Untested Exploration Targets
Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V:NZN) announces it has entered into an option agreement that allows the Company the right to earn up to an 80% interest in the MacBride zinc property (the “MacBride Property”). The MacBride Property, located in central Manitoba, contains the high grade MacBride zinc deposit located along a …
Nevada Zinc Corporation (“Nevada Zinc” or the “Company”) (TSX-V:NZN) announces it has entered into an option agreement that allows the Company the right to earn up to an 80% interest in the MacBride zinc property (the “MacBride Property”). The MacBride Property, located in central Manitoba, contains the high grade MacBride zinc deposit located along a six kilometre structural magnetic high corridor. Along this well defined magnetic high corridor, several additional untested electromagnetic (“EM”) airborne anomalies similar to the EM signature of the MacBride zinc deposit have been identified. The MacBride Property is located approximately 60 kilometres from the significant, Ruttan zinc-copper mine owned by Trevali Mining Corporation (former open pit and underground mine). Given the propensity for these volcanogenic zinc and copper rich massive sulphide deposits to be found in proximity to each other and the history of discoveries in the belt, the Company views the MacBride zinc deposit as having very high potential for additional discoveries.
As quoted in the press release:
Bruce Durham, President and CEO of Nevada Zinc commented, “Reasonably accessible, high grade, near-surface zinc deposits with significant room for growth like the MacBride zinc deposit are very rare, particularly in a stable, safe and mining friendly jurisdiction like Manitoba. The MacBride zinc deposit remains open to expansion in all directions and with additional drilling has the potential to be much larger in size. Modern airborne geophysical data and interpretation shows a number of undrilled, similar, EM targets which indicate a high likelihood of discovering additional zinc-copper mineralization elsewhere on the MacBride Property. Nevada Zinc now has two significant zinc exploration projects underway, both in excellent jurisdictions. Diamond drilling continues at our Lone Mountain project in Nevada. We expect to begin to receive drill core assay results near the end of this month from Lone Mountain and we will begin compilation work at MacBride immediately.”
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