NorZinc Announces Issuance of Draft All Season Road Permits for Prairie Creek Mine by the MVLWB
August 12, 2019 ─ Vancouver, British Columbia ─ NorZinc Ltd. (TSX: NZC; OTCQB: NORZF) (the “Company” or “NorZinc”) is pleased to announce that draft permits have been issued by the Mackenzie Valley Land and Water Board (“MVLWB”) for the All Season Road (“ASR”) to the Company’s Prairie Creek Mine.
The MVLWB draft All Season Road permits have been made available to government agencies and other reviewers for review and comments. Parks Canada has indicated distribution of their draft ASR permits will occur shortly. Comments from all reviewers are due on August 29, 2019 and responses from the Company are due September 5, 2019. Following the Company’s responses, the MVLWB has indicated a six-week period to finalize and issue the ASR permits and, based on the draft schedule provided by the MVLWB, which the Company has been informed Parks Canada is also endeavouring to follow, the final ASR permits will be received in early Q4 2019.
The draft permits confirm reclamation security deposits will be due in two phases, phase 1 being the construction and operation of a winter road to transport equipment and materials to the Prairie Creek site and phase 2 being the construction of the ASR.
The All Season Road permits will allow NorZinc to begin construction of Phase 1 of the ASR in 2020. In advance of this, the road will be used to deliver supplies to the site to support the refurbishment of existing equipment and accommodation and the repair of key infrastructure. In 2021 and 2022, the main site construction is planned to be completed, including installation of a dense media separation circuit, new backfill plant, electrical facilities, flotation circuits, as well as underground development to access high grade ore for the initial years of operation. Most underground development for the current 15-year mine life is planned to be completed between 2021 and 2024. Initial concentrates production and shipment is scheduled for the latter part of 2022.
NorZinc is a TSX-listed mine development Company trading under the symbolCompany“NZC”is. The developing its key project, the 100%-owned high grade zinc-lead-silver Prairie Creek Mine, located in the Northwest Territories. The Company also owns projects in Newfoundland that host several zinc-lead-copper-gold-silver deposits.
For further information contact:
President & CEO
Suite 1710 – 650 West Georgia Street, Vancouver,
BC V6B 4N9
VP Corporate Development
Toronto, ON M5J 2H7