NZC-TSX
NORZF-OTCQB
VANCOUVER, April 24, 2019 /CNW/ - NorZinc Ltd.
(TSX: NZC; OTCQB: NORZF) ("NorZinc" or "the Company") is pleased to
announce the appointment of Scott
Fulton, P.Eng., as the Project Manager for the Prairie Creek
Mine and Cliveden Trading AG to provide concentrate marketing
commercial support.
New Project Manager – Scott
Fulton
Mr. Scott Fulton, P.Eng., will
assume the position of Project Manager for the Prairie Creek Mine
effective May 6, 2019, based in the
Company's office in Vancouver.
Scott has 25 years of multi-industry experience and has spent the
last 12 years in mine construction and development as a Project
Manager for Wood (formerly Amec Foster Wheeler).
Mr. Fulton has executed a number of new build mines in
Canada and the US, specifically
focusing on northern climate and brownfield expansions. The
projects he has worked on include New Afton, Kitsault, Mount
Emmons, Brucejack, Rainy River,
and Carlsbad East. His most recent position at Wood Vancouver, was
as Chief Engineer and Manager of Common Operations for the
Engineering and Project Delivery teams. Scott has an honours
degree in Mechanical Engineering from the University of
Western Scotland.
"We are very pleased to have been able to recruit Scott as
Project Manager for the Prairie Creek Mine", stated
Don MacDonald, President and CEO of NorZinc.
"Scott's northern construction experience will directly benefit the
Company as the Prairie Creek project moves towards commencement of
construction early next year. His appointment is the next step in
enhancing the senior management team that will put the Prairie
Creek Mine into production".
Scott Fulton stated
"I am excited to be joining the team at NorZinc and looking
forward to shaping the execution strategy for the Prairie Creek
Mine. This is a key time in the Project development phase, and my
near-term objectives are to focus on alignment, building a team and
driving the path forward to see us through development and into
operation".
Concentrate Marketing Support – Cliveden Trading AG
NorZinc also announces that it has entered into a services
agreement with Cliveden Trading AG to
provide marketing commercial support for the production
of lead and zinc concentrates from the Prairie Creek Mine.
Cliveden will provide support to help optimize marketability
and logistics for the sale of these high-grade concentrates
to global smelting customers. Cliveden originally
assisted NorZinc negotiate its existing MOUs with Korea Zinc and
Boliden in 2015-16.
Cliveden Trading AG has been operating in base metals
concentrate trading and marketing for the last seven years and is
based in Zug Switzerland with representative offices around
the globe. It specializes in building strong partnerships with
clients to ensure every business opportunity is
maximized.
About NorZinc
NorZinc is a TSX-listed mine development company trading under
the symbol "NZC". The Company is developing its key project, the
100%-owned, high-grade, zinc-lead-silver Prairie Creek Mine,
located in the Northwest
Territories. The Company also owns projects in Newfoundland that host several
zinc-lead-copper-gold-silver deposits.
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.
SOURCE NorZinc Ltd.