Nevada Zinc Reports Initial Mineral Resource Estimate for the Lone Mountain Zinc Project, Nevada

Nevada Zinc (TSXV:NZN) has announced the receipt of an initial Mineral Resource Estimate of the mineralization outlined to-date at the company’s Lone Mountain project in Nevada

As explained in the press release, the Mineral Resource Estimate is based upon the results from 85 reverse circulation drill-holes and 13 core drill-holes completed to-date on the project. The most recent program of core drill-holes was designed to corroborate assay grades from the reverse circulation drilling as well as to provide further geological information and to expand the footprint of the mineralization.

As quoted in the press release:

At a cut-off grade of 2 percent zinc, the pit constrained Inferred Mineral Resource Estimate was determined to be 3,257,000 tonnes grading 7.57 percent zinc and 0.70 percent lead.

President and CEO of Nevada Zinc Bruce Durham said:

“This initial Mineral Resource Estimate of the tonnage and grade of mineralization outlined to-date is another important step forward for Nevada Zinc. We have only tested about 20 percent of the strike length of the main controlling structure on the Project and still have additional surface exploration to complete over much of the eastern part of the Project.  With consensus forecasts for sustained reasonably strong zinc prices, Nevada Zinc is well positioned to take advantage of the fundamentally strong zinc market.”

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