Canadian Zinc Corporation (TSX: CZN; OTCQB: CZICF) has engaged AMC Mining and Ausenco Engineering for a definitive feasibility study (DFS) to support debt financing of its Prairie Creek zinc, lead, silver mine in the Northwest Territories, Canada.
A pre-feasibility study last March showed that over a 17 year mine-life, Prairie Creek's projected average annual mine production is expected to be around 60,000 tonnes of zinc concentrate and 55,000 tonnes of lead concentrate containing approximately 86 million pounds of zinc, 82 million pounds of lead, and 1.7 million ounces of silver.
Prairie Creek Mine hosts proven and probable reserves of 7.60 million tonnes averaging 8.93% zinc, 8.33% lead, and 127.58 g/t silver within measured and indicated resources of 8.70 million tonnes grading 9.5% zinc, 8.9% lead and 136 g/t silver.
There is also a large inferred resource of 7.05 million tonnes grading 11.3% zinc, 7.7% lead and 166 g/t silver and additional exploration potential.
There is also potential to optimise the project further and enhance the economics.
The firm said it expects the definitive feasibility study to be completed by mid-2017.