Base Metals

Tinka Resources Limited ("Tinka" or the "Company") (TSXV:TK)(BVL:TK)(OTC PINK:TKRFF) is pleased to announce partial results from drill hole A20-170 and full results from A20-169, the first two holes of the 2020 drill program at the Ayawilca project in central Peru. Drill hole A20-170 at South Ayawilca intersected several zones of high-grade zinc (silver-lead) mineralization from 203 metres to 357 metres depth, with assay results reported here to a depth of 309 metres only. Assay results for mineralized samples beyond 309 metres depth are pending. The receipt of assays from the laboratory has been slower this year due to the impacts of COVID-19 in Peru

Drill Highlights:

Hole A20-170 (South Ayawilca)

  • 12.2 metres @ 4.1% zinc, 1.2% lead& 60 g/t silver from 202.9 metres depth, including
    • 2.2 metres @ 10.2% zinc, 2.5% lead & 121 g/t silver from 202.9 metres depth; and
  • 3.7 metres @ 6.5% zinc, 0.1% lead & 13 g/t silver from 243.2 metres depth; and
  • 25.9 metres @ 10.0 % zinc& 15 g/t silver from 282.6 metres to end of sampled interval,including
    • 13.7 metres @ 15.9% zinc & 26 g/t silver from 282.6 metres depth;
  • These are partial results only - significant visible zinc and iron sulphide mineralization has been observed from 309 metres depth (end of reported interval above) to the contact with the underlying phyllite at 357 metres depth - assay results for this interval are pending;
  • Mineralization is associated with gently dipping sulphide rich "mantos" hosted by limestones;
  • True thicknesses of the manto intersections are estimated to be at least 90% of the downhole thicknesses.

Hole A20-169 (West Ayawilca)

  • 0.9 metres @ 13.7% zinc, 0.6% lead & 133 g/t silver from 108.8 metres depth; and
  • 1.1 metres @ 12.4% zinc, 2.1% lead & 147 g/t silver from 136.0 metres depth; and
  • 1.1 metres @ 18.8% zinc, 5.0% lead & 172 g/t silver from 190.0 metres depth; and
  • 0.7 metres @ 15.2% zinc, 1.3% lead & 71 g/t silver from 210.5 metres depth; and
  • 1.2 metres @ 22.7% zinc, 3.9% lead & 190 g/t silver from 356.8 metres depth.
  • Mineralization in hole A20-169 is vein style - these veins have unknown true thicknesses.

Hole A20-170 is an infill hole within the overall footprint of the inferred resource at South Ayawilca. Hole A20-169 is a step-out hole 75 metres west of the existing inferred resource at West Ayawilca - this hole intersected several high-grade but narrow zinc-silver-lead veins. So far in the drill program, approximately 2,500 metres have been completed in seven drill holes (see Figure 1 for a map of drill holes). The overall program is now expected to extend into early 2021. Several drill targets still remain to be tested, including the large area between West and South Ayawilca which has seen limited past drilling.

President and CEO of Tinka, Dr. Graham Carman, stated: "These initial drill results are a great start to the 2020 drill program. Hole A20-170 intersected a better than expected zone of high grade zinc mineralization at South Ayawilca, with additional mineralization to be reported from deeper in the hole once results are received from the lab. Importantly, this hole hit high grade silver-zinc-lead mineralization as well as massive pyrrhotite at shallower than usual depths, suggesting that replacement of limestone by sulphides is much thicker in this area than previously recognised. Additional holes are planned to further drill test this high grade area, as well as the large gap between West and South."

About Ayawilca: The Ayawilca Zinc Zone (sulphide) contains an estimated 1.8 billion pounds zinc and 5.8 million ounces silver in the Indicated category, and 5.6 billion pounds zinc and 25.2 million ounces silver in the Inferred category (see news release dated November 26, 2018). The Colqui Silver Zone (oxide) contains an estimated 14.3 million ounces silver in the Indicated category and 13.2 million ounces silver in the Inferred category, with mineralization starting from surface (see link to Technical Report dated July 2, 2019).

On behalf of the Board,

"Graham Carman"
Dr. Graham Carman, President & CEO

Investor Information:
www.tinkaresources.com
Rob Bruggeman 1.416.884.3556
rbruggeman@tinkaresources.com

Company Contact:
Mariana Bermudez 1.604.699.0202
info@tinkaresources.com

Figure 1. Map showing progress of the 2020 Ayawilca drill program

Table 1 - Summary of results from the 2020 drill program at Ayawilca

Drill Hole

From (m)

To (m)

Interval (m)

Zn %

Pb %

Ag ppm

In ppm

A20-169

108.80

109.70

0.90

13.65

0.62

133

16

and

136.00

137.10

1.10

12.40

2.07

147

0

and

190.00

191.10

1.10

18.80

5.01

172

13

and

210.50

211.20

0.70

15.15

1.26

71

2

and

356.80

358.00

1.20

22.69

3.91

190

4

A20-170

202.85

215.00

12.15

4.11

1.23

60

12

incl

202.85

205.00

2.15

10.20

2.53

121

20

and

243.20

246.90

3.70

6.50

0.12

13

60

and

282.60

308.50

25.90

10.00

0.02

15

277

incl

282.60

296.25

13.65

15.93

0.02

26

503

Table 2 - 2020 Drill Collar Information (coordinates are in UTM Zone 18S WGS84 datum)

Drill Hole

Easting

Northing

RL m

Azimuth

Dip

Total Depth

A20-169

332,532

8,845,783

4285

68

-74

383.8

A20-170

333,242

8,845,117

4223

273

-78

373.2

A20-171

332,523

8,845,826

4283

70

-78

402.3

A20-172

333,243

8,845,118

4223

325

-82

332.3

A20-173

332,786

8,845,662

4234

100

-83

306.9

A20-174

333,143

8,845,234

4227

0

-90

in progress

A20-175

332,880

8,845,526

4230

256

-82

339.7

Notes on sampling and assaying

Drill holes are diamond HQ or NQ size core holes with recoveries generally above 80% and often close to 100%. The drill core is marked up, logged, and photographed on site. The cores are cut in half at the Company's core storage facility, with half-cores stored as a future reference. Half-core is bagged on average over 1 to 2 metre composite intervals and sent to ALS laboratories in Lima for assay in batches. Standards and blanks are inserted by Tinka into each batch prior to departure from the core storage facilities. At the laboratory samples are dried, crushed to 100% passing 2mm, then 500 grams pulverized for multi-element analysis by ICP using multi-acid digestion. Samples assaying over 1% zinc, lead, or copper and over 100 g/t silver are re-assayed using precise ore-grade AAS techniques.

Qualified Person

Dr. Graham Carman, Tinka's President and CEO, reviewed, verified and compiled the technical contents of this release. Dr Carman is a Fellow of the Australasian Institute of Mining and Metallurgy, and is a qualified person as defined by National Instrument 43-101.

About Tinka Resources Limited

Tinka is an exploration and development company with its flagship property being the 100%-owned Ayawilca zinc-silver project in central Peru. The Ayawilca Zinc Zone has an estimated Indicated resource of 11.7 Mt grading 6.9% zinc, 15 g/t silver & 0.2% lead and an Inferred resource of 45.0 Mt grading 5.6% zinc, 17 g/t silver & 0.2% lead (dated November 26, 2018). The Colqui Silver Zone (oxide) has an estimated Indicated resource of 7.4 Mt grading 60 g/t silver, and an Inferred resource of 8.5 Mt grading 48 g/t silver occurring from surface (dated May 25, 2016). A Preliminary Economic Assessment for the Zinc Zone was released on July 2, 2019 (see release).

Forward Looking Statements: Certain information in this news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws (collectively "forward-looking statements"). All statements, other than statements of historical fact are forward-looking statements. Forward-looking statements are based on the beliefs and expectations of Tinka as well as assumptions made by and information currently available to Tinka's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations: timing of planned drill programs and results varying from expectations; delay in obtaining results; expectations regarding the Ayawilca Project PEA; the potential impact of epidemics, pandemics or other public health crises, including the current outbreak of the novel coronavirus known as COVID-19 on the Company's business, operations and financial condition; changes in world metal markets; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; equipment failure, unexpected geological conditions; imprecision in resource estimates or metal recoveries; success of future development initiatives; competition and operating performance; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from local authorities; community agreements and relations; and, other development and operating risks. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Although Tinka believes that assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, Tinka disclaims any intent or obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release

SOURCE: Tinka Resources Ltd.



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Trevali Receives Court Approval of Sales and Investment Solicitation Process; Announces Organizational Departures

Trevali Mining Corporation ("Trevali" or the "Company") announced that the Supreme Court of British Columbia (the "Court"), on application of the Company as well as its wholly owned subsidiary Trevali Mining ( New Brunswick ) Ltd. ("Trevali NB" and, together with Trevali Corp., "Trevali"), has granted a Sales and Investment Solicitation Process Order (the "SISP Order").

Trevali Mining Corporation Logo (CNW Group/Trevali Mining Corporation) (CNW Group/Trevali Mining Corporation)

The SISP Order, among other things: (i) approves a sales and investment solicitation process for Trevali's 90%-interest in the Rosh Pinah Mine and 100%-interest in the Caribou Mine (the "SISP"); and (ii) approves an engagement letter between Trevali and National Bank Financial Inc. ("NBF") appointing NBF as Trevali's Sales Agent for the purposes of the SISP.

In order to participate in the SISP and obtain access to a virtual data room, all interested parties must comply with the terms and conditions set forth in the SISP Order and other related documents, which are available on the Monitor's website at http://cfcanada.fticonsulting.com/trevali/ . Parties interested in participating in the SISP should contact Morten Eisenhardt and Andrew Armstrong at NBF at the following email addresses: morten.eisenhardt@nbc.ca and andrew.armstrong@nbc.ca .

Organizational Departures

Trevali also announced that Ricus Grimbeek has resigned as President and Chief Executive Officer and a director of the Company. Mr. Grimbeek joined Trevali as President and CEO in April 2019 and was appointed to the Board of Directors in March 2020 . With the SISP Order obtained and the sales process underway for the Company's interests in the Rosh Pinah and Caribou mines, the Board and Mr. Grimbeek determined that it was the appropriate time for him to step away from Trevali.

In addition, Derek du Preez has resigned as Chief Operating Officer of the Company, effective October 14, 2022 . Mr. du Preez joined Trevali in July 2019 and held a number of roles since that time. Mr. du Preez will remain with the Company until October 14, 2022 to support a transition of operational, technical, and other aspects of the business, as well as the initial phase of the SISP.

Dan Isserow has resigned as a director of the Company. Mr. Isserow was first appointed to the Board of Directors in October 2017 following the acquisition by the Company of the Perkoa and Rosh Pinah mines.

About Trevali Mining Corporation

Trevali is a global base-metals mining company headquartered in Vancouver, Canada . The bulk of Trevali's revenue is generated from zinc and lead concentrate production. The Company has three primary assets: the 90%-owned Perkoa Mine in Burkina Faso , the 90%-owned Rosh Pinah Mine in Namibia , and the wholly owned Caribou Mine in northern New Brunswick, Canada . In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada . Trevali also owns an effective 44% interest in the Gergarub Project in Namibia . Trevali is committed to socially responsible mining, working safely, ethically, and with integrity.

For further details on Trevali, readers are referred to the Company's website ( www.trevali.com ) and to Canadian regulatory filings on SEDAR at www.sedar.com

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking statements are based on the beliefs, expectations and opinions of management of the Company as of the date the statement are published, and the Company assumes no obligation to update any forward-looking statement, except as required by law. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "outlook", "guidance", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. Forward-looking statements in this news release include, among others, statements with respect to: the SISP and the outcome thereof; and with respect to the changes to senior management of the Company, including plans for transition. Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events including, but not limited to, statements with respect to the outcome of the SISP, and the continued involvement of Derek du Preez in the transition of operational, technical and other aspects of the business and the initial phase of the SISP. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, operating in foreign jurisdictions with risk of changes to governmental regulation; compliance with governmental regulations; compliance with environmental laws and regulations; maintaining ongoing social license to operate; limitations inherent in our insurance coverage; litigation; and other risks of the mining industry including, without limitation, risks and uncertainties that are more fully described in the Company's annual information form, interim and annual audited consolidated financial statements and management's discussion and analysis of those statements, all of which are filed and available for review under the Company's profile on SEDAR at www.sedar.com . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

SOURCE Trevali Mining Corporation

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The zinc market may have had a few rough patches in recent years, but supply disruptions and economic recovery promise to spur a revival for the zinc spot price and zinc futures.

The underdog of the base metals family is appealing in large part because its fundamentals remain strong, with many analysts optimistic about the long-term outlook for zinc.

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Trevali Announces Delisting of Common Shares from the Toronto Stock Exchange

Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) ( Frankfurt : 4TI) announces that following a delisting review by the Toronto Stock Exchange ("TSX"), the Company's common shares will be delisted effective close of market on October 3, 2022 .

Trevali Mining Corporation logo (CNW Group/Trevali Mining Corporation)

Trading of the Company's shares has been suspended since August 22, 2022 as a result of the Company filing for protection under the Companies' Creditors Arrangement Act ("CCAA") and this suspension will continue until the delisting takes effect. In addition to the TSX delisting, the Company expects its common shares will also be delisted in due course from the other exchanges on which the common shares currently trade.

Shareholders retain their legal rights and equity interest and are advised to contact their brokerage where shares are held regarding retention policies for unlisted shareholdings and potential for shares to trade in over-the-counter markets.

Additional Information

A copy of the Initial Order and all materials related thereto, as well as any other information regarding the CCAA proceedings, are available on the Monitor's website at http://cfcanada.fticonsulting.com/trevali/ . For additional information, contact the Monitor via email: Trevali@fticonsulting.com or telephone: +1-877-294-8998. Further updates will be provided as appropriate.

About Trevali Mining Corporation

Trevali is a global base-metals mining company headquartered in Vancouver, Canada . The bulk of Trevali's revenue is generated from zinc and lead concentrate production. The Company has three primary assets: the 90%-owned Perkoa Mine in Burkina Faso , the 90%-owned Rosh Pinah Mine in Namibia , and the wholly owned Caribou Mine in northern New Brunswick, Canada . In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada . Trevali also owns an effective 44% interest in the Gergarub Project in Namibia . Trevali is committed to socially responsible mining, working safely, ethically, and with integrity.

For further details on Trevali, readers are referred to the Company's website ( www.trevali.com ) and to Canadian regulatory filings on SEDAR at www.sedar.com .

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking statements are based on the beliefs, expectations and opinions of management of the Company as of the date the statement are published, and the Company assumes no obligation to update any forward-looking statement, except as required by law. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "outlook", "guidance", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events including, but not limited to, statements with respect to the potential for shares to trade in over-the-counter markets, and the expected delisting of the Common Shares and the timing thereof. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, operating in foreign jurisdictions with risk of changes to governmental regulation; compliance with governmental regulations; compliance with environmental laws and regulations; maintaining ongoing social license to operate; limitations inherent in our insurance coverage; litigation; and other risks of the mining industry including, without limitation, risks and uncertainties that are more fully described in the Company's annual information form, interim and annual audited consolidated financial statements and management's discussion and analysis of those statements, all of which are filed and available for review under the Company's profile on SEDAR at www.sedar.com . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

SOURCE Trevali Mining Corporation

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Trevali Announces Extension of CCAA Stay Period

Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) ( Frankfurt : 4TI) announces that following the granting of the initial order (the "Initial Order") from the Supreme Court of British Columbia under the Companies' Creditors Arrangement Act ("CCAA") on August 19, 2022 a comeback hearing in respect of the relief granted pursuant to the Initial Order was held today.

Trevali Mining Corporation Logo (CNW Group/Trevali Mining Corporation)

Pursuant to the Initial Order, the Company obtained protection from its creditors for an initial period of ten (10) days (the "Stay Period") and FTI Consulting Canada Inc. was appointed as monitor of the Company (in such capacity, the "Monitor"). The Court has today issued an order extending the Stay Period until October 6, 2022 .

Trading Halt and Delisting Review for Common Shares of Trevali Mining Corporation

On August 22, 2022 , as a result of the Company filing for protection under the CCAA, the Toronto Stock Exchange ("TSX") suspended trading of Trevali's common shares and advised the Company that a delisting review would be required by the TSX. The TSX is reviewing the eligibility for continued listing on the TSX of the common shares of the Company pursuant to an expedited review process. The delisting review is expected to take place on September 1, 2022 , and the Company expects that the common shares will be delisted following such review.

Additional Information

Further updates will be provided as appropriate. A copy of the Initial Order and all materials related thereto, as well as any other information regarding the CCAA proceedings, are available on the Monitor's website at http://cfcanada.fticonsulting.com/trevali/ .

About Trevali Mining Corporation

Trevali is a global base-metals mining company headquartered in Vancouver, Canada . The bulk of Trevali's revenue is generated from zinc and lead concentrate production. The Company has three primary assets: the 90%-owned Perkoa Mine in Burkina Faso , the 90%-owned Rosh Pinah Mine in Namibia , and the wholly owned Caribou Mine in northern New Brunswick, Canada . In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada . Trevali also owns an effective 44% interest in the Gergarub Project in Namibia . Trevali is committed to socially responsible mining, working safely, ethically, and with integrity.

For further details on Trevali, readers are referred to the Company's website ( www.trevali.com ) and to Canadian regulatory filings on SEDAR at www.sedar.com .

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking statements are based on the beliefs, expectations and opinions of management of the Company as of the date the statement are published, and the Company assumes no obligation to update any forward-looking statement, except as required by law. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "outlook", "guidance", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events including, but not limited to, statements with respect to the potential delisting of the Common Shares and the timing thereof. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks that the Company's Common Shares will not meet the listing requirements of the TSX; operating in foreign jurisdictions with risk of changes to governmental regulation; compliance with governmental regulations; compliance with environmental laws and regulations; maintaining ongoing social license to operate; limitations inherent in our insurance coverage; litigation; and other risks of the mining industry including, without limitation, risks and uncertainties that are more fully described in the Company's annual information form, interim and annual audited consolidated financial statements and management's discussion and analysis of those statements, all of which are filed and available for review under the Company's profile on SEDAR at www.sedar.com . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

SOURCE Trevali Mining Corporation

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Solitario Zinc Corp.

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