NorZinc holds three high-grade zinc-lead-copper-gold-silver VMS deposits which it says have excellent potential for expansion.
NorZinc (TSX:NZC) has released an update on 2019 plans for the company’s base metal projects in Newfoundland, including redicing land holdings but maintaining a core land position, advancing economic and structural studies on the lemarchant deposit, and to consider optioning out land holdings with gold exploration potential.
As quoted in the press release:
NorZinc’s exploration strategy in central Newfoundland is to continue to build on its existing polymetallic resource base with the aim of developing either a stand-alone mine, similar to the past-producing base metal mines at Buchans and Duck Pond or utilizing a number of NorZinc’s deposits that could be developed simultaneously and processed in a central milling facility.
The company holds three, high-grade zinc-lead-copper-gold-silver volcanogenic massive sulphide (VMS) deposits with NI 43-101 compliant resources, and which have excellent potential for expansion. NorZinc intends to focus its exploration on priority targets at these three established deposits with the aim of increasing the resource base.