NorZinc: 94-Percent Increase in Indicated Resource for Lemarchant Deposit

NorZinc (TSX:NZC) has reported an updated National Instrument 43-101 (NI 43-101) mineral resource estimate for the Lemarchant zinc-lead-copper-gold-silver volcanogenic massive sulphide deposit and results of the recent barite metallurgical study.

The Lemarchant deposit is part of NorZinc’s 140 km2 land package in Newfoundland, located 20 km from Teck’s past-producing Duck Pond copper-zinc mine.

As highlighted in the press release:

• Indicated resource of 2.42 million tonnes grading 6.15 percent zinc, 1.60 percent lead, 0.68 percent copper, 1.22 grams per tonne (g/t) gold, 64.0 g/t silver and 23.5 percent barite (at 4.0 percent zinc equivalent cutoff)
• Inferred resource of 0.56 million tonnes grading 4.68 percent zinc, 1.08 percent lead, 0.45 percent copper, 1.06 g/t gold, 44.7 g/t silver and 13.1 percent barite (at 4.0 percent zinc equivalent cutoff)
• Total contained metal in the indicated resource has increased by 123 percent zinc, 162 percent lead, 129 percent copper, 136 percent gold and 111 percent silver from prior 2012 resource estimate.
• Barite metallurgical study produced a 97.75 percent barite concentrate in bench scale tests.
• Additional drilling since the last resource estimate has improved the understanding and modelling of the deposit which now can be applied to further exploration.

President and CEO of NorZinc, Don MacDonald said:

“We are very pleased with the results of this resource update at Lemarchant, with significant improvements in the indicated resource and metal grades, as well as an overall increase in the size of the deposit. Results from the recently completed barite metallurgical study indicate a high grade barite concentrate is potentially viable, which could raise the overall gross metal value of the deposit”.

Click here to read the full NorZinc (TSX:NCZ) press release.