Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) believes that its Sully Project zinc mining operation in British Columbia, Canada, might be the successor to the nearby legendary Sullivan Mine. Sullivan, owned by Tech Resources, generated more than 17 million tons of zinc and lead and 337 million ounces of silver. Total output was $49 billion U.S. in production value at today’s prices from the Kimberley, British Columbia, facility.
Kootenay, a Vancouver-based zinc mining and development company, is focused on mining the Sully Project, located just 18 miles (30 kilometers) from Sullivan. Sully and Sullivan share different environments of the same basin. The Sullivan Mine was in operation for 92 years until 2001, when it closed. It produced enough lead for the production of 500 million lead-acid batteries for vehicles. Its zinc was enough for 160 million cars. Differential flotation was a mining process developed by Sullivan-owner Tech and used in operations at the mine. The efficient technique separates zinc from lead concentrates during the mining process.
According to Born2Invest’s article, “Kootenay Zinc’s Sully Project May Rival the Legendary Sullivan Mine,” Kootenay Zinc is targeting the nearby Sully Project for similar results since the Sullivan Mine and Sully Project share the same geology. Although initial drilling activity was disappointing back in 2004, new gravity surveys were conducted in 2010 and found promising results.
In October 2016, Kootenay, with a $500,000 budget, drilled three new holes. Early this year, findings indicated that proposed new drill sites to the east are more accessible and have minimal chance of geological disturbances. The indicators are positive for the new sites. The project manager believes that the geographical mapping of the Sully site is “the ultimate treasure hunt.”
Meanwhile the team is studying new gravity data and more permits have been applied for to the Ministry of Energy and Mines. Meanwhile, demand for zinc is outpacing supply worldwide — and the value of zinc is soaring. The price of zinc has now reached $1.17 per pound, a 60% jump from 2015, according to InfoMine.com. Also, there is projected to be a global shortfall of zinc of 500,000 tons, according to the Hindu Business Line.
Sources used for article content:
Hindu Business Line
For more information, refer to www.kootenayzinc.com
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