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Tamerlane Ventures Inc. (TSXV:TAM) announced the results of its NI 43-101 technical report for the N-204 surface deposit at the Pine Point Project, located in Canada’s Northwest Territories.
Tamerlane Ventures Inc. (TSXV:TAM) announced the results of its NI 43-101 technical report for the N-204 surface deposit at the Pine Point Project, located in Canada’s Northwest Territories.
As quoted in the press release:
The report shows the N-204 deposit at the Pine Point Project is feasible with an internal rate of return (IRR) of 90%, and the Company has already begun the permitting process for this deposit. The cash cost (average over mine life) of zinc production from the N-204 deposit is projected to be $0.47 per pound. The N-204 in-pit mineral resources were converted from Indicated resources to diluted probable reserves. The mineral inventory includes diluted probable reserves of 12.8 million tonnes at a grade of 0.70% lead and 2.60% zinc, and diluted in-pit inferred resources of 1.5 million tonnes at a grade of 0.6% lead and 2.3% zinc, at a cutoff grade of 1.1% combined zinc+lead.
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