Issue link: http://resourceworld.uberflip.com/i/460990
F E B R U A R Y / M A R C H 2 0 1 5 www.resourceworld.com 45 Also in the Kechika Trough, Canada Zinc has farmed out by option 70% interests to Teck Resources on the Pie, Cirque East and Yuen zinc-lead-silver-barite prospects. canadian Zinc corp. [CZN-TSX; CZICF-OTCQB] holds the 100%-owned, development-stage, Prairie Creek Project 200 km west of Fort Simpson, Northwest Territories. The company has been obtaining permits and has completed a pre-feasibility study in order to place the mine into production. Prairie Creek would produce 60,000 tonnes of zinc and 60,000 tonnes of lead per year for 11 years. Capital costs are estimated to be US $193 million. Canadian Zinc is also active in Newfoundland where it has been drill- ing the South Tally Pond Project where there are indicated resources of 1.24 mil- lion tonnes of 5.38% zinc, 0.58% copper, 1.19% lead, 1.01 g/t gold and 59.17 g/t silver, plus substantial inferred resources. chieftain Metals corp. [CFB-TSXV] reported that the British Columbia Minister of the Environment, Mary Polak, stated that the company's EI certificate remains in effect for the life of the project and mine building can continue. Chieftain has com- pleted a feasibility study for the zinc-rich project 100 km south of Atlin, northern BC that envisages 1,100 tpd of underground mining for 11 years. Post-Tax NPV (8%) is $212 million with a 25.1% IRR. chihong canada Mining ltd. [private] owns the Selwyn Project in eastern Yukon. Since 2005 the company has invested about $90 million to define the Selwyn deposit as one of the largest undeveloped zinc- lead deposit in the world. An $85 million exploration and development program of definition drilling, engineering, permitting and initial underground development to complete a bankable feasibility study, per- mitting and project financing is underway. Firestone Ventures Inc. [FV-TSXV; F5V-FSE] has a 100% interest in the advanced Torlon Hill zinc-lead-silver proj- ect in Guatemala. Measured and indicated resources are 1,891,636 tonnes averaging 7.32% zinc, 2.41% lead and 14.25 g/t silver, plus inferred resources. The company has other zinc-lead-silver projects in Guatemala. Foran Mining corp. [FOM-TSXV] has a 100% interest in the advanced McIlvenna Bay Project in east-central Saskatchewan, 60 km west of Flin Flon, Manitoba. Estimated after-tax NPV (7% discount) is $263 million with a 19% IRR. The PEA contemplates a 5,000 tpd underground mine with a 14-year life. The deposit is open to depth. hudBay Minerals Inc. [HBM-TSX, NYSE] has operated mines near Flin Flon, Manitoba for many years. The 777 Mine produces zinc, copper, gold and silver. Commercial production began in 2004, and the mine is expected to continue until 2020. The Lalor Mine produces zinc, cop- per, gold and silver and is located in the Chisel Basin of the Flin Flon Greenstone Belt. Initial production began in August 2012 and the mine reached commercial production in the third quarter of 2014. Inzinc Mining ltd. [IZN-TSXV] is advancing its 100%-owned, West Desert Project 160 km southwest of Salt Lake City, Utah. An April 2014 independent Preliminary Economic Assessment (PEA) stated that conventional mining and pro- cessing of the over a 15-year mine life has the potential to produce 1,593 million lbs zinc, 147 million lbs copper, 15 million tonnes iron (magnetite) concentrate and 566 tonnes of indium. After-tax NPV (8%) is US $258.1 million with an IRR of 23%. lundin Mining corp. [LUN-TSX; LUMI-Sweden] is a diversified base metals mining company with operations and proj- ects in Chile, Portugal, Sweden, Spain and the US, producing copper, zinc, lead and nickel. The underground Zinkgruvan zinc and copper mine is located approximately 250 km southwest of Stockholm in south- central Sweden. Concentrates are trucked from the mine to a nearby inland port from where they are shipped via canal and sea to European smelter customers. Neves- Corvo is a copper and zinc mine located approximately 220 km southeast of Lisbon, southern Portugal. TSX: MOZ Contact: Christopher Haldane, Investor Relations Telephone: 416.987.0714 Website: www.marathon-gold.com Developing gold resources in North America