Currently viewing Global edition

Nevada Zinc receives unidentical twin

The first core hole drilled since the 1940s at the Lone Mountain zinc project in Nevada, US, has exceeded all expectations, with owner Nevada Zinc (CN:NZN) anxiously awaiting the next set of results from its 13-hole programme.
Nevada Zinc receives unidentical twin Nevada Zinc receives unidentical twin Nevada Zinc receives unidentical twin Nevada Zinc receives unidentical twin Nevada Zinc receives unidentical twin

Nevada Zinc's core drilling has come up trumps

Staff reporter

 
The highlight was a 16.62m interval averaging 12.79% Zn and 8.84% Pb (21.63% Zn+Pb) within an overall intercept of 91.5m at 7.67% Zn and 1.93% Pb (9.58% Zn+Pb) from 118.04m depth.
 
This hit twinned the RC drill hole discovery from 2014, which intercepted 89.92m at 7.56% Zn+Pb. The latest assay also included some 15.24m of areas with little or no core recovery included at zero grade in the interval average, which reduced the overall reported average grade.
 
CEO Bruce Durham said: "With current strong zinc prices and a forecast for a continuation of strong zinc prices going forward, our Lone Mountain zinc project is very well positioned and we are anxious to receive the remaining assay results from this initial core drill programme."
 
The result from the second core hole brought back 18.3m of mineralisation grading 4.6% Zn from 226.62m depth. It was intercepted 25m behind (to the northeast of) the intersection in RC hole NLM-16-64, one of the deepest holes on the Lone Mountain property that hit 53.34m at 3.99% Zn and 0.21% Pb from 184.4m downhole.
 
Nevada Zinc's 218 claims at Lone Mountain are spread out over 20 square kilometres and surround the historic Mountain View zinc mine. Between 1942 and 1968, more than 5 million pounds of zinc, 650,000Ib of lead and 4,000 ounces of silver were mined at Mountain View.