As modeled, Lik South would have average annual production of 234,000 dry tonnes of zinc concentrate and 55,800 dry tonnes of lead concentrate. In total, 17.1 million tonnes of ore milled at an average grade of 7.7% zinc, 2.6% lead and 47 g/t silver is expected from the Lik South open pit. This would rank Lik South as one of the largest producers of zinc concentrate and one of the largest zinc mines globally, according to the company.
The study estimated a capital cost of
The development plan for the Lik deposit as laid out in the PEA involves the construction of a 5,500 tonne-per-day mill that will produce both a zinc and a lead concentrate using on-site crushing/grinding and sequential flotation methods.
Zazu has the exclusive right to obtain 80% of the property by meeting certain spending commitments by 2018. The company's primary near-term objective is to advance its Lik property towards development through the definition of a resource and commencement of a formal feasibility study.
The Lik property consists of 47 contiguous state (MPR) mining claims. The contiguous claims have been grouped together for the purpose of working and operating the same under a common plan of development for the benefit of all of the claims. The claims cover an area of approximately 2,460 hectares. The claims are located in the vicinity of the southwestern
The Lik deposit is a stratiform zinc-lead-silver deposit. The deposit is continuous outside the Lik property onto the adjacent
In addition to advancing the Lik property, Zazu also intends to pursue a strategy of evaluating and potentially acquiring interests in other attractive mineral properties that the company believes will be accretive to its overall growth strategy.
Please visit http://www.zazumetals.com for additional information.
Keywords for this news article include: S&P Capital Iq, Clinical Trials and Studies.
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