Zinc has just burst through the $1 a pound barrier and keeps going (Forbes 8/7/14).
Some of the close to home resources of Terramin are now looking very prospective, especially the Menninnie Dam tenement as described below.
This is a large/ high grade/ easy to mine/ well located/ resource in South Australia.
The Menninnie Dam tenement (EL5039) contains the Menninnie Dam deposit, the largest Ag-Pb-Zn deposit yet discovered in South Australia. The deposit consists of two main mineralised zones; the Menninnie Central zone and the nearby Viper zone. The details of clustered Ag-Pb-Zn lodes at Menninnie Central and Viper have been combined to estimate a JORC 2004 – compliant Inferred Resource totalling: 7.7Mt @ 3.1% Zn, 2.6% Pb and 27g/t Ag, at a 2.5% Pb+Zn cut-off (TZN:ASX 1/03/2011; Table 1). Zone Tonnes Zn % Pb% Ag g/t Pb+Zn% Menninnie Central 5,240,000 3.5 2.7 28 6.1 Viper 2,460,000 2.3 2.4 24 4.8 Total 7,700,000 3.1 2.6 27 5.7
TZN Price at posting:
4.0¢ Sentiment: None Disclosure: Unspecified
IBG Price at posting:
7.3¢ Sentiment: Hold Disclosure: Held
AMI Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
