- Well financed to explore and develop its zinc properties with an experienced management and technical team
- Diversified exploration portfolio across Canada
- Poised to deliver new zinc discoveries within major base metal mining camps in Canada
What Eastern Zinc does:
Eastern Zinc Corp (CSE:EZNC) believes there is vast potential within Canada for the country to become a globally significant producer of the strategic metal.
The Vancouver-based junior mining and exploration company owns a diversified portfolio of 12 exploration assets in some of the most promising zinc-hosted mineral deposits in Canada.
Its strategy is to acquire, explore, and develop assets near large, low cost, long-life zinc projects or adjacent to existing mining operations controlled by well-established mining companies.
The company has eight properties in British Columbia and the Yukon, which it believes may lead to more efficient and lower cost exploration thanks to cost synergies associated through the proximity of the assets.
In eastern Canada, its New Brunswick and Newfoundland zinc properties are located within large volcanogenic massive sulfide deposits. These types of mineral deposits occur in tight clusters, giving them a high probability that mineral claims hold widespread zinc mineralization thanks to operating mines adjacent to the properties.
The Windsor Basin project in Nova Scotia is located adjacent to a past-producing Mississippi Valley lead-zinc mineral deposit that is fully permitted and could restart operations at any time.
Eastern Zinc’s team, led by new CEO Paul Ténière, brings over 50 years of experience in the mining and capital markets sectors.
How is it doing:
After appointing geologist Ténière to lead the company, Eastern Zinc began to ramp up its exploration activity.
Of particular focus right now is the highly prospective Bathurst mining camp in New Brunswick situated within a mining district famed for its zinc production. The project consists of 1,247 mineral claims covering more than 27,000 hectares strategically situated in a mining jurisdiction known for clusters of zinc-rich VMS deposits.
In August, the company mobilized a diamond drilling rig to its Portage property located in the western part of the Bathurst Mining Camp in northern New Brunswick.
Eastern Zinc plans to drill a minimum of 500 metres to test the depth and strike potential of the Upper Road Zone prospect. The potential volcanogenic massive sulphide target was first discovered by a previous operator, SLAM Exploration, in 2018.
What the boss say:
On joining Eastern Zinc, new CEO Paul Ténière said: “The company has acquired a unique portfolio of zinc properties in low-risk jurisdictions near active mining operations that has the potential to deliver significant value to shareholders.”
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