Nevada Zinc (TSXV: NZN) announced today that it has started a Preliminary Economic Assessment on its flagship Lone Mountain zinc project.
The project is located in Eureka County, east-central Nevada, and it comprises 231 claims covering 1,619 hectares. Nevada Zinc has run some drill programs on the property with results showing numerous broad intersections of medium to high-grade non-sulphide zinc mineralization in two locations.
In a media statement, the company said that the main idea behind the PEA is to complete an independent preliminary scoping-level engineering analysis of the project with the aim of producing zinc compound chemicals and zinc oxide concentrate.
The Toronto-based miner also wants to obtain and later on provide an estimate of the potential economic value of Lone Mountain, and of its capital costs, operating costs, and sustaining capital costs. Management also wants to provide a conceptual economic model of the project over the life-of-mine.
"This will be a pivotal phase for Nevada Zinc as we fast-track the development of the Lone Mountain Project as a zinc chemical compounds and oxide concentrate project," the firm's President and CEO, Bruce Durham, said in a media statement.
The PEA is expected to be completed and published in the first quarter of 2019.