North Pennines - Minco inco has commenced a new exploration initiative in the North Pennine Orefield located in the northern English counties of Cumbria, Northumberland and Durham. Minco plans an initial US$1 million exploration programme, including 4,000 metres of diamond drilling.
Minco is exploring for stratiform, replacement-style zinc and lead deposits in the unexplored, more massive limestone formations of the basal Carboniferous stratigraphy. There is significant untested potential for such mineralisation approximately 300-400m below previous, adit-accessed workings, and such deposits could be significantly larger than any previously discovered.
Specific exploration targets have already been identified by Minco and initial exploration drilling will be focussed at three principal sites. Minco will complete approximately 4,000 metres of core drilling. The average depth of each hole will be approximately 500m.
Buchans, Newfoundland - Following the successful acquisition of Buchans Minerals Corp. in July 2013, Minco now has a 100% interest in the Lundberg and other properties in the historic Buchans Mining Camp in Central Newfoundland.
The Buchans Mine operated from 1928 to 1984 and was regarded as one of Canada's richest base metal mines and is reported to have produced about 16 million tonnes of high grade zinc, lead and copper over that period. The Lundberg deposit is a stockwork-type VMS deposit surrounding and extending from the old Buchans mine, containing lower grade zinc, copper, lead and minor silver, which was identified by Buchans in a review of the historical archives of the old Buchans mine and upon which Buchans Minerals Corp has reported an Inferred Resource of 22.21 million tonnes averaging grades of 1.62% zinc, 0.69% lead, 0.38% copper and 5.81 g/t silver.
In August 2011, Buchans announced the completion of a positive Preliminary Economic Assessment (PEA) by Wardrop Engineering, based on a 5,000 tonne per day open pit mining and milling operation over a 10 year mine life. The PEA is based on Inferred Mineral Resources, which are not Mineral Reserves and do not have demonstrated economic viability. Wardrop has recommended a number of programs to optimise and improve the Lundberg project to move it towards completion of a pre-feasibility study.
Woodstock, New Brunswick - Following the successful acquisition of Buchans Minerals Corp. in July 2013, Minco now has a 100% interest in the Woodstock manganese property located in western New Brunswick.
Based on historical exploration work, the Woodstock deposits are potentially one of the largest undeveloped manganese carbonate resources in North America. Woodstock, although still at an early stage, is believed to have the potential to be developed into a significant producer of Electrolytic Manganese Metal (EMM), which is used primarily in the production of stainless steel.
Worldwide demand for EMM has expanded significantly since 2000, particularly in China, and is expected to continue to grow. Over 95% of world supply of EMM currently comes from China.
The Woodstock project comprises 5,800 hectare near Woodstock, New Brunswick, Canada.
The project has excellent infrastructure, including railway lines (16 km west) as well as the TransCanada Highway and major electrical transmission lines located less that 5 kilometres to the east. The Plymouth deposit is located less than 10 kilometres east of the US border and Highway Route 95 (an extension of US Interstate 95) passes less than a kilometre south of the deposit.
Historical literature indicates that the Woodstock property hosts three deposits of sediment-hosted-manganese-iron mineralization, first discovered in 1957 by Strategic Manganese Corporation. These historic deposits include the Plymouth and two Hartford deposits (North & South), located 5 kilometres west of the town of Woodstock.
In 1957, Strategic Manganese Corporation reported that the Plymouth deposit extends from surface to a minimum depth of 500 feet (152 metres) and hosts a historic, uncategorized resource estimate of (3)51.2 million short tons (46.5 million tonnes) averaging 10.9% Mn (manganese) and 13.3% Fe (iron). The Hartford North and South deposits are located less than 2 kilometres on strike to the north of the Plymouth deposit. Historic uncategorized resource estimates for the Hartford deposits by Strategic Manganese Corporation in 1957, were reported to include 50 million short tons (45 million tonnes) grading 8% Mn and 12% Fe at the (3)North Hartford deposit and an additional resource of 50 million short tons grading 8% Mn and 12% Fe at the (3)South Hartford deposit.
Moate - Minco holds three prospecting licences at Moate in County Westmeath, located along the north-western margin of the Irish Midland Orefield on the “Tynagh-Ballinalack Trend and centred on a specific geological target with potential for zinc-lead mineralisation of Tynagh Mine type. Minco’s Moate exploration target lies mid-way between the former Tynagh Mine, located 50 kilometres to the southwest, and the similar styled Ballinalack deposit, situated 35 kilometres to the northeast. The Tynagh lead/zinc/copper/silver mine operated successfully from 1965 to 1981 producing 9,000,000 tonnes of ore, from both open pit and underground, at average grades of approximately 7% lead, 5.5% zinc, 0.5% copper and 2.6 ounces of silver per tonne.
Tatestown - The Prospecting Licence is located adjacent to the Navan orebody belonging to Tara-Boliden at Navan, Co. Meath, Ireland. This licence is the subject of a joint venture between Westland and Tara-Boliden and Tara-Boliden is the operator and manager of the joint venture. Westland's interest is approximately 20%.
Earlier exploration had identified the Tatestown deposit which has an inferred resource of 775,000 tonnes grading 5.42% zinc and 3.83% lead which is separated from the Scanlanstown deposit, owned by Tara-Boliden (888,000 tonnes grading 6.45% zinc and 2.66% lead), by the River Blackwater.
Curraghinalt - Minco holds a 2% NSR royalty on the Curraghinalt gold deposit located near Omagh, in Northern Ireland which is being explored by Dalradian Resources Inc. The Curraghinalt property is in the Sperrin Mountains of County Tyrone, about 15 km east of Omagh, in Northern Ireland. Dalradian Resources Inc. is a TSX and London (AIM)-listed gold exploration and development company, incorporated in Canada focused on advancing the Curraghinalt gold deposit in County Tyrone, Northern Ireland. Curraghinalt is a high grade lode gold deposit with mineralization still open in all directions. A 2014 NI 43-101 compliant resource returned:
- Measured mineral resource of 0.02 MT grading 20.15 g/t gold for 15,000 contained ounces
- Indicated mineral resource of 2.98 MT grading 10.34 g/t gold for 989,000 contained ounces
- Inferred mineral resource of 8.01 MT grading 9.67 g/t gold for 2,490,000 contained ounces
Minco participates in a zinc and silver production focus in Mexico through its 29% ownership of Xtierra Inc., a Canadian public company whose shares are listed on the TSX Venture Exchange(XAG) and which is completing a feasibility study on its Bilbao silver-zinc project in Zacatecas.