The mine, with an independently estimated resource of 4.9 million tonnes averaging 18% zinc, has produced about 1 million tonnes of zinc metal. In this decade alone, it has cranked out between 390,000 and 480,000 tonnes of ore per year averaging 15-20% zinc.
In Sweden, the company’s 39%-owned publicly traded subsidiary, North Atlantic Natural Resources (NAN), continued prefeasibility studies at the Storliden copper-zinc deposit at the Skellefte mining district.
North Atlantic was recently trading at about US90 cents and has US$9 million cash in hand,
Based on 57 drill holes, Storliden’s indicated and inferred resource is pegged at 1.8 million tonnes averaging 10% zinc and 4% copper, plus 0.3 gram gold and 29 grams silver per tonne. NAN is in discussions with other interested mining companies, while it awaits a mining permit.
Meanwhile, 40 km to the east, efforts continued to advance the Norra Norrliden copper-zinc deposit to the prefeasibility stage. The resource there is estimated at 1.4 million tonnes, including 600,000 tonnes that are deemed potentially amenable to open-pit mining, grading 5.7% zinc, 0.7% copper, 0.7% lead, 0.6 gram gold and 87 grams silver. Underground potential was pegged at 800,000 tonnes averaging 3.5% zinc, 0.9% copper, 0.4% lead, 0.6 gram gold and 72 grams silver.
Meanwhile, work continued at the nearby Bjurfors and Lilltjarn copper-zinc prospects.
Be the first to comment on "South Atlantic options Masa"