Pine Point’s lead-zinc project is the Company’s flagship mine development project. The Project had past production of 64 million tonnes grading 7.0% zinc and 3.1% lead from 52 deposits, and hosts an additional 46 known deposits on the Company’s property.
As a first step towards bringing Pine Point back into production, the Company has completed a Preliminary Economic Assessment on the project, which contemplates mining 10 of the remaining deposits. Near-term goals are adding additional deposits to the mine plan, beginning a feasibility study and initiating the permitting process, which are expected to be followed by financing and mine construction, dependent upon results. The property package covers more than 23,000 hectares near the town of Hay River, Northwest Territories.