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Windsor Basin Carbonate Property

Nova Scotia

Location: Nova Scotia

Highlights

  • 14 Exploration licenses
  • 558 Mineral claims
  • Located in one of Canada’s highest grade open pit zinc deposit districts

The Windsor Basin Carbonate Property in Nova Scotia represents a high-impact, multi-target zinc exploration play for the company. Like the Pine Point MVT Carbonate District in the Northwest Territories, which hosts one of Canada’s largest high-grade, open-pit zinc-lead deposits, the zinc-lead mineralization within the Windsor Basin is hosted within a Carboniferous limestone reef complex that flanks the edges of Nova Scotia’s Windsor Basin. Geologists have confirmed that the zinc mineralization within Nova Scotia’s Windsor Basin shows significant similarities to other Mississippi Valley Type (MVT) carbonate zinc-lead deposits such as the Middle and East Tennessee historical mining districts.

The company controls more than 30 km of potential carbonate reef strike-length with highly prospective zinc mineralization across 14 exploration licenses covering 558 mineral claims.

The Windsor Basin Carbonate Property is located adjacent to the past-producing ScoZinc zinc-lead mine operated by ScoZinc Mining Ltd. ScoZinc has plans to re-commence zinc production after releasing a positive 2018 preliminary economic assessment (PEA) that showed that their project returns are robust due to increased mine throughput, lower Canadian dollar assumption, and lower than anticipated initial capital expenditures. This adjacent project has an already built mill and an estimated after-tax NPV of CAD $127.9M.

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