ZNBR $1.90 drilling program to start real soon.
Post# of 6702
Posted On: 05/21/2013 2:39:32 PM
ZNBR $1.90 drilling program to start real soon.
[i]The Company expects the Salobro reserves to increase by 30 – 50% during the exploration drillings scheduled for Q3 and Q4 of 2013 to prove up reserves to 43-101 standard. The Salobro project is expected to go into production in Q3 of 2016 and to produce in excess of 30,000 metric tons of Zinc and 5,000 metric tons of Lead per year during the mine-life of 10 years (13 – 15 years after reserve increase of 30 – 50%), with an IRR of 24 – 71% and a payback of 1.4 to 3.5 years from commencement of operation.[/i]
http://www.zincodobrasil.com/
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