Xstrata Zinc Enters Agreement to Acquire Canadian Zinc Prospects

Xstrata Zinc (LON:XTA) enters into an agreement with Sabina Gold and Silver Corporation to purchase the Hackett River and Wishbone exploration properties.

The press release is quoted as saying:

Exploration drilling in Hackett River is underway and has confirmed an NI 43-101 compliant resource of circa 60 million tonnes of ore containing zinc, silver, copper, lead and gold, with approximately 5.2 million tonnes of zinc equivalent, housed within four proximal near surface deposits amenable to open pit mining. Both properties contain significant additional exploration potential.

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