Image via Slave Lake Zinc Corp.
Image via Slave Lake Zinc Corp.
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  • Slave Lake Zinc (SLZ) is expanding its O’Connor Lake zinc-lead-precious metals property
  • The property covers historic showing and is located in the South Slave region of The Northwest Territories
  • It expanded the property by staking an additional 76.25 square kilometres in 10 mineral claim blocks surrounding its original lease
  • The new claims cover a structural geologic corridor over more than 15 kilometres where mine development work was undertaken before 1952
  • Slave Lake Zinc is up 14.29 percent, trading at $0.16 at 9:35 am ET

Slave Lake Zinc (SLZ) is expanding its O’Connor Lake zinc-lead-precious metals property.

The property covers historic showing and is located in the South Slave region of The Northwest Territories.

The British Columbia mineral explorer expanded the property by staking an additional 76.25 square kilometres in 10 mineral claim blocks surrounding its original lease.

The new land acquisition was facilitated by an agreement negotiated with the Northwest Territory Metis.

The new claims cover a structural geologic corridor over more than 15 kilometres where mine development work was undertaken before 1952.

The company has identified over 25 historic mineralized showings within the property now under its control. Most of the showings contain zinc-lead base metal mineralization in structural zones.

“It must be remembered that information assembled by Dr. Bansi Prusti 1953-1954 for his PhD thesis stated (P.127) ‘it is apparent that all the mineralized quartz veins occurring in this map area have had a similar origin and are probably hydrothermal.’ Some of the 25 known showings are several kilometers distant from the headframe area and are several kilometers apart. Many of these showings were never analyzed for precious metals and generally carry similar base metal grades to what has been reported for the original lease (10-17% Zinc; 6-10% Lead). It appears that Dr. Prusti sampled most or all of these showings over his two-year PhD project to draw his conclusions,” said Slave Lake Zinc CEO Ritch Wigham.

Slave Lake Zinc is up 14.29 percent, trading at $0.16 at 9:35 am ET.

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