Issue link: http://resourceworld.uberflip.com/i/963504
A P R I L / M A Y 2 0 1 8 www.resourceworld.com 35 Alaska, the Pend Oreille zinc-lead mine, Washington State, and the Antamine cop- per-zinc mine in Peru. Telson Resouces [TSN-TSXV] is advanc- ing The Campo Morado and Tahuehueto mines in Mexico. Campo Morado is a past- producing underground multi-metal mine with infrastructure, installations, and equipment capable of processing 2,500 tonnes/day. The project hosts a measured and indicated resource in several min- eralized zones of 14.7 million tonnes of measured and indicated resources grading 3.76% zinc, 0.88% copper, 0.81% lead, 106 g/t silver and 1.3 g/t gold. On top of that is 2.15 million tonnes of inferred resources. In September 2017, Telson announced that it had secured the funding required to restart the mine. A month later Telson said the mine had been restarted at an initial rate of 1,400 tonnes/day. The company intends to ramp up production to approximately 2,500 tonnes/day during 2018. Telson is also in the construction phase at the Tahuehueto Mine in Durango State. Proven and probable reserves stand at 3.2 million tonnes grading 3.4 g/t gold, 41.80 g/t silver, 0.35% copper, 1.19% lead and 2.23% zinc. Tinka Resources Ltd. [TK-TSXV] is developing the 100%-owned Ayawilca Project, central Peru. In the Zinc Zone, inferred resources are 42.7 million tonnes, grading 7.3% zinc equivalent. This material occurs in four zones over an east-west mineralized trend of about 1.5 km. Two types of mineralization occur at the Ayawilca, including tin- copper mineralization in the Tin Zone and zinc-indium-silver-lead mineraliza- tion in the Zinc Zone. A December 2017 NI 43-101-compliant report includes an updated tin-copper-silver resource esti- mated at 10.5 million tonnes grading 0.70% tin equivalent. Tinka is drilling beyond the resource boundaries looking for new zinc and/or extensions of known mineralization. Drilling on the new Zone 3 discovery returned 5 metres grading 20% zinc. The company is focused on a large geophysical target believed to be a north- eastern extension of Ayawilca. Titan Mining Corp. [TI-TSX] recently signed an offtake agreement with Glencore for 100% of the zinc concentrate from its Empire State Mine in upper New York State. Vendetta Mining Corp. [VTT-TSXV] is advancing the Pegmont lead-zinc project in Queensland, Australia. The company recently successfully completed a locked cycle flotation metallurgical test. Wolfden Resources Corp. [WLF-TSXV; WLFFF-OTC] has released the results of the first three drill holes on its recently acquired and 100%-owned Pickett Mountain base metal project, northern Maine. Pickett Mountain is one of the highest-grade undeveloped VMS (vol- canogenic massive sulphide) projects in North America. Hole PM-17-002 returned 18.39% zinc, 8.09% lead, 1.88% copper, 207.06 g/t silver and 1.58 g/t gold over 8.7 metres. The initial holes of the 10,000- metre drill program are designed to infill and confirm historical results of the 1980s that included approximately 90 drill holes. Zinc One Resources Inc. [Z-TSXV; ZZZOF-OTC] has been drilling and sampling its past-producing Bongara zinc mine proj- ect in north-central Peru. Sample results from the Mina Grande Norte area include 5.0 metres of 43.9% zinc from exploration pit P185-17 and 5.0 metres of 29.5% zinc from exploration pit P009-17. First drill results included hole MGS18004 with 9.1 metres of 43.6% zinc, starting at surface and hole MGS18006 with 14.1 metres of 32.8% zinc, starting at surface. Zinc One also holds the Charlotte-Bongara zinc proj- ect, also in Peru. n I-Minerals targeting industrial minerals I-MINERALS INC. [IMA-TSXV; IMAHF-OTC] has a 100% interest in the advanced stage Bovill kaolin-feldspar-quartz project, north-central Idaho. The company recently extracted a 210-ton bulk sample of primary clay from the Bovill kaolin property and is working with Ginn Mineral Technologies to schedule a pilot plant to batch process the sample. The pilot plant program is designed to test the use of hydro- cyclones for the initial clay sand separation and to produce about 12 tons of Hallopure ® halloysite for delivery to Germany in Q2. Based on reports from the company's halloy- site consultant, Dr. Joachim Schomburg of DURTEC GmbH, several companies are advancing their life sci- ence and clean tech towards commercialization. The commercialization process requires pilot level production and significant volumes of halloysite. I-Minerals ULTRA HallopPure ® halloysite with its best in class aspect ratio and lack of contaminants is well suited to the life science markets and has few competitors. "This pilot plant is an important step for I-Minerals," stated Thomas Conway, President and CEO of I-Minerals. "We stand to capture additional revenue through increased production of clay minerals at the same time exciting high-tech products are being developed using our halloysite. Being formulated in as part of the development process should leave us well posi- tioned to be the supplier of choice once we are in commercial production." A 2016 Feasibility Study by GBM Engineers LLC, respon- sible for overall project management and the process plant and infrastructure design calculated an After-Tax NPV of US $249.8 million with a 25.8% After-Tax IRR. Initial CAPEX was esti- mated at $108.3 million with a 3.7-year After-Tax payback. n ZINC