The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Consolidated Zinc (ASX:AZL) has commenced a drilling program at its Plomasas Project in Mexico in preparation for mine planning
  • The six-hole infill drilling campaign will target Semi-Oxide Ore mineralisation and be used to update the JORC Resource
  • In 2018, the company began mining and commercial production of zinc at the historic mine
  • Consolidated Zinc shares are trading steadily today for 0.9 cents apiece

Consolidated Zinc (ASX:AZL) has commenced a drilling program at its Plomasas Project in Mexico to upgrade its JORC Resource for mine planning.

The six-hole infill drilling campaign will target areas of known Semi-Oxide Ore (SOX) mineralisation. These holes are within the existing Inferred Resource envelope.

In addition, the company will complete drive sampling along the 913mRL, 900mRL and the 907mRL ore strike drives, which will cover the central zone of the defined mineralisation.

The Plomosas Project

Plomosas is a historic mine located 120km from Chihuahua City. Mining occurred there from 1945 until 1945.

During this period over 2 million tonnes of ore was extracted grading over 80 grams per tonne of silver, and over 22 per cent Zinc and Lead.

Since 1974 only small-scale mining has occurred at the Plomosas, however mineralisation remains open at depth and along strike.

Consolidated Zinc began mining at the project in September 2018 and commenced commercial zinc production in December that year.

The company plans to continue exploration and identify addition mineral resources outside of currently identified mineralisation as well as at depth and down strike of the current resource.

Company shares are trading steadily today for 0.9 cents apiece.

CZL by the numbers
More From The Market Online

Winter drilling yields thick lithium for Loyal in Canada

Loyal Lithium has picked up multiple high-grade results close to the surface from three known spodumene…

High grade sniffs in Africa push Mako shares up 14%

Mako Gold Ltd (ASX: MKG) has seen its shares jump above 14 percent on news that it has discovered a high grade zone

Chariot ends quarter charged up on lithium find in Wyoming

Chariot Corporation has confirmed high grade spodumene at its flagship play Black Mountain in the USA…

BHP confirms £31.1B takeover bid for Anglo American

BHP HAS confirmed its offer to takeover fellow mining giant Anglo American plc, following press speculation…