NORTHWEST TERRITORIES - Tamerlane Ventures of Blaine, WA, has completed the 43-101 report and feasibility study for the N-204 zinc-lead deposit at the Pine Point project. The mineral inventory includes diluted probable reserves of 12.8 million tonnes grading 0.70% Pb and 2.60% Zn, and diluted in-pit inferred resources of 1.5 million tonnes at 0.6% Pb and 2.3% Zn, using a cut-off of 1.1% combined zinc+lead.
The report suggests the N-204 deposit can be profitably mined. The project has an internal rate of return 90%, and the company has already begun the permitting process. The average cash cost of zinc production from the deposit is projected to be $0.47 per pound over the five-year life of the mine.
The N-204 deposit will be developed using sequential surface panel mining whereby the ore will be taken in panels using conventional surface mining methods and the waste will be backfilled as the panels are mined.
A dense media separation plant will be constructed at the N-204 site and the DMS pre-concentrated ore will be transported to the already permitted R-190 milling facility 60 km away. This deposit may also be mined to provide supplemental ore in parallel with ore from the existing underground reserves in the R-190 area at any time over the first several years of mine life.
Details of the feasibility study are available at TamerlaneVentures.com.