RNS10 Apr 2018 11:32
Highlights:
o The Empire Mine land position increases by 397 acres, for a total land package of 1,774 contiguous acres centred on the previously producing Empire Mine and Horseshoe Mine.
o The new mining claims are contiguous with the existing Horseshoe Claim Block, extending the eastern and western ends of the block, allowing for future expansion and access.
o Recorded copper, lead, zinc, silver and gold production from the Horseshoe Block as recently as 1979 with reported grades of 3.8% copper and 12% zinc.
o Holding cost for the expansion is less than US$3,500 per annum.
o Preliminary Economic Assessment on oxide resource at Empire Mine expected imminently ahead of accelerated development plan and commencement of Bankable Feasibility Study activities