NZC-TSX
NORZF-OTCQB
VANCOUVER, Oct. 24, 2018 /CNW/ - NorZinc Ltd.
(TSX: NZC; OTCQB: NORZF) ("NorZinc" or "the Company") has filed a
National Instrument 43-101 Technical Report regarding the updated
Mineral Resource Estimate for the Lemarchant
zinc-lead-copper-gold-silver volcanogenic massive sulphide ("VMS")
deposit on its 100% owned South Tally Pond Property located in
Newfoundland, Canada, the results
of which were announced on September 20,
2018. The Technical Report is available for download on
SEDAR at www.sedar.com.
The Company's exploration strategy in Newfoundland is to continue to build on its
existing polymetallic resource base with the aim of developing
either a stand-alone mine, similar to the past-producing base metal
mines at Buchans and Duck Pond, or
a number of smaller deposits that could be developed simultaneously
and processed in a central milling facility.
Qualified Persons
The Mineral Resource Estimate was prepared by Mr. Matthew Harrington, P. Geo. and Mr. Michael Cullen, P. Geo., of Mercator Geological
Services Limited, based in Dartmouth,
Nova Scotia, Canada. Both are Independent Qualified Persons
as defined by NI 43-101. For the purposes of this news
release, Mr. Michael J. Vande
Guchte, P. Geo., Vice President Exploration NL of NorZinc is
the designated non-Independent Qualified Person, and has reviewed
and approved the technical and scientific contents of this press
release.
About NorZinc
NorZinc is a TSX-listed development company trading under the
symbol "NZC". The Company's key project is the 100%-owned Prairie
Creek Project, an advanced-stage zinc-lead-silver property, located
in the Northwest Territories.
The Company also owns an extensive land package in Newfoundland that it is exploring for
zinc-lead-copper-gold-silver deposits including the South Tally
Pond project, Tulks South project and Long
Lake project.
Cautionary Statement – Forward-Looking Information
This press release contains certain forward-looking
information, including, among other things, the expected completion
of acquisitions and the advancement of mineral properties. This
forward looking information includes, or may be based upon,
estimates, forecasts, and statements as to management's
expectations with respect to, among other things, the completion of
transactions, the issue of permits, the size and quality of mineral
resources, future trends for the company, progress in development
of mineral properties, future production and sales volumes, capital
costs, mine production costs, demand and market outlook for metals,
future metal prices and treatment and refining charges, the outcome
of legal proceedings, the timing of exploration, development and
mining activities, acquisition of shares in other companies and the
financial results of the company. There can be no assurances that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Mineral resources that are not mineral reserves do
not have demonstrated economic viability. Inferred mineral
resources are considered too speculative geologically to have
economic considerations applied to them that would enable them to
be categorized as mineral reserves. There is no certainty that
mineral resources will be converted into mineral reserves.
Cautionary Note to United States Investors
The United States Securities and Exchange Commission ("SEC")
permits U.S. mining companies, in their filings with the SEC, to
disclose only those mineral deposits that a company can
economically and legally extract or produce. We use certain terms
in this press release, such as "measured," "indicated," and
"inferred" "resources," which the SEC guidelines prohibit U.S.
registered companies from including in their filings with the
SEC.
SOURCE NorZinc Ltd.