Mining News: Northern Neighbors: Prairie Creek M&I resources get 32% upgrade

Canadian Zinc Corp. Sept. 17 reported a significant increase in mineral resource tonnages at its Prairie Creek lead-zinc-silver project in the Northwest Territories. Incorporating the results from 5,484 meters of drilling completed in 21 holes this year, the company said the tonnage of the measured and indicated resources at the mine project increased 32 percent compared with a resource calculation completed in March. Prairie Creek now hosts 8.7 million metric tons of measured and indicated resources, averaging 9.5 percent zinc, 8.9 percent lead and 136 g/t silver. Additionally, the Prairie Creek project hosts 7 million metric tons of inferred resource, averaging 11.3 percent zinc, 7.7 percent lead and 166 g/t silver. The expanded resource will form the basis for an optimized mine plan and upgraded mineral reserve.

–Shane Lasley