logo-loader

Consolidated Zinc’s shares rise after upgrading zinc resources in Mexico

Published: 14:08 04 Sep 2017 AEST

zinc
Consolidated’s scoping studies are ongoing with the focus on recommencing mining

Consolidated Zinc Ltd’s (ASX:CZL) shares were last trading circa 6% higher intra-day after upgrading the zinc resource at its Plomosas zinc-lead-silver project in northern Mexico.

The project now has 968,000 tonnes at 15.9% zinc+lead and 24 g/t silver for 154,000 tonnes of contained metal in both the indicated and inferred categories.

Importantly, this represents an overall increase of 70% in the resource tonnes and an increase of 60% in the contained metal.

The additional resource comes from the extensions both down dip and down plunge of the existing mine development.

Consolidated’s scoping studies are ongoing with the focus on recommencing mining at the Tres Amigos and Las Espadas mineralisation, where resource tonnage increased by 148%.

The recent metallurgical studies on Tres Amigos has indicated high zinc recoveries to saleable concentrate at a lower processing capital expenditure and at lower operating expenditures.

Significantly, the results of the metallurgical testwork indicated zinc recoveries to a concentrate of above 90%.

Moreover, the greater understanding of the geological controls of the mineralisation established during the resource definition studies have led to the identification of many immediate drill targets.

Las Espadas and Carolas South are two such areas of interest where recent results justifies a further investigation in the next round of resource extension drilling.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

10 hours, 5 minutes ago