Zinc usage in fertilizer is rapidly increasing.
Nevada Zinc Corp. has commenced 2016 drilling operations on its Lone Mountain Project near Eureka, Nevada. This will be the Company’s first drill programme on its most recent property acquisition in the area, the historic zinc mine known as the Mountain View Mine. Zinc usage in fertilizer is rapidly increasing.
President and CEO, Bruce Durham, commented: “We have seen zinc inventories decline 30% on the LME in the last 6 months and we have seen the zinc price increase by 25 percent in that corresponding time period. Although the zinc fundamentals are strong very few junior companies are actively exploring for zinc, and in tier one jurisdictions like the western USA, only companies like ourselves and Arizona Mining are actively drilling. We are initially targeting very shallow zinc mineralization in proximity to areas where the historic mining operations took place at the Mountain View Mine. Shallow drilling in the 1940s also intersected zinc mineralisation in a number of areas near the mine and we will be drill testing those areas as well.”
The highlights include:
- 20 or more reverse circulation drill holes will be completed on the Mountain View Mine property.
- Drilling to be completed in the vicinity of the historic West extension shaft in an area where historic drill hole 36 intersected up to 31 ft grading 7.4% zinc.
- Drilling to be completed in the vicinity of the MIA shaft and historic drill hole 30 that intersected an interval of 30 ft grading 7.02% zinc.
- Drilling to be completed in the vicinity of a small historic surface pit and a number of historic drill holes that intersected near surface zinc mineralization.
- Drilling to be completed near the eastern boundary of the Mountain View Mine property where historic drill hole 20 intersected up to 17 ft grading 8.8% zinc.
- All zinc mineralisation intersected in historic drilling and mining on the Mountain View Mine property was less than 200 ft below surface.
Drill records for the historic holes are limited to only a summary of assay results, some cross sections and drill hole location maps. All data in respect of the historic drill holes is considered to be historic and should not be relied upon. All areas will require re-drilling with modern recovery methods.
The results of the current drill program plus the previous 36 holes from the Company’s Phase one, two and three drill programs will continue help develop the database and geological understanding of the Lone Mountain Project as the Company builds toward being in a position to carryout further metallurgical and 43-101 resource work.
Read the article online at: https://www.worldfertilizer.com/special-reports/08062016/nevada-zinc-commences-drilling-at-lone-mountain/