The Mountain View Mine Property
Little information is readily available on the operations at the historic Mountain View Mine. In a Nevada State report by Roberts, R.J., Montgomery, K.M., and Lehner, R.E., (1967) and titled Geology and Mineral Resources of Eureka County, Nevada, Nevada Bureau of Mines and Geology, Bull. 64, the following is indicated:
Production years were from 1942-1964 and production totaled 4,952,627 lb of zinc, 649,579 lb of lead, 4,040 oz of silver and 600 lb of copper (no data provided or available for 1950).
Roberts et al (1967) reported the first claims were located in the area in 1920 for zinc. Production was small until 1942 when high grade zinc carbonate was discovered on the Mountain View claim. An underground mine was established with levels on the 44-foot and 82-foot levels. Production in 1942-1943 totalled 2284 short tons grading 28.8% zinc and 4% lead. Production to 1964 amounted to 4,952,627 lb. of zinc, 649,579 lb. of lead, 4,040 oz of silver and 600 lb of copper. The mineralogy of the ore was reported to be smithsonite, zincite, hydrozincite and cerussite, malachite, and azurite. It was reported that small amounts of sulphide were present locally, principally, sphalerite, galena, chalcopyrite, and pyrite. A small drill program was reported to have been completed in areas proximal to the MVM properety which indicated the presence of additional mineralization. Mineralization is located within brecciated Devils Gate Limestone and is thought to be structurally controlled, perhaps at the intersection of two fault systems (Roberts et al.).
It is not known if any mining or exploration has been completed on the MVM property since 1964.
At this point the Company has little more information about the mining and exploration activities on the MVM although it is known that some additional information is likely available from private sources. The Company will endeavor to secure as much data as reasonably possible prior to commencing work on the property.
About The Lone Mountain Project
The Lone Mountain Project (the “Property”), comprised of 218 claims covering approximately 4,000 acres and 100% owned by the Company through its wholly-owned US subsidiary, is subject to certain terms as per the underlying lease agreements disclosed on SEDAR (press release June 24, 2014 and various other filings including the Company’s MD&A’s filed on SEDAR).
The Property is located in east-central Nevada and is easily accessible via paved and gravel roads northwesterly from Eureka where all essential services are available. The Property nowincludes the Mountain View Mine that is reported to have produced some 5 million pounds of zinc and some 0.6 million pounds of lead from non-sulphide mineralization comprised of smithsonite, zincite, hydrozincite and cerussite.
Bruce Durham, P.Geo, is a qualified person as that term is defined by National Instrument 43-101 on behalf of the Company and has approved the scientific and technical content contained in this press release.
About Nevada Zinc
Nevada Zinc is a discovery driven, early-stage mineral exploration company with a proven management team focussed on identifying unique opportunities in mineral exploration that can provide significant value to its shareholders. The Company’s existing projects are located in Nevada and the Yukon.
For further information contact:
Nevada Zinc Corporation
Suite 612 - 390 Bay St.
Toronto, Ontario M5H 2Y2
Bruce Durham, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.