Canadian Mining Journal

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COMPANY NEWS OntZinc Buys Scotia Base Metal Mine

ONTZINC CORPORATION of Toronto now owns 100% of the Scotia base metal mine, 50 km south of Halifax, N.S. The compan...


ONTZINC CORPORATION of Toronto now owns 100% of the Scotia base metal mine, 50 km south of Halifax, N.S. The company bought the remaining 50% of the project from REGAL CONSOLIDATED VENTURES by issuing Regal 12 million common shares and 6 million purchase warrants.

The Scotia property consists of 596 hectares plus mineral rights on 615 hectares. It was previously developed as an open pit. There is a 1,350-tonnes-per-day concentrator and related surface and maintenance buildings. It was last drilled by SAVAGE RESOURCES in 1998, and a total resource of 5.13 tonnes grading 5.49% Zn and 2.45% Pb were outlined.

OntZinc is hoping to redevelop the property to produce zinc, lead and gypsum (found in the hanging wall).

Contact OntZinc president Thomas Griffis at 416-913-7601.


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