TSX: NZC $0.080
Zn: $1.19/lb
Pb: $0.92/lb
Ag: $15.81/oz

Tulks South

Tulks South Project (Boomerang-Domino Deposits)

Project Highlights:

  • 100% project ownership, subject to 2% NSR.
  • Excellent road access and nearby infrastructure (power, workforce, services).
  • Initial NI 43-101 Resource Estimate (2007) on Boomerang–Domino zinc-lead-copper-silver-gold VMS Deposit.
    • Indicated Resource (Boomerang) of 1.36 million tonnes grading 7.07% zinc, 3.00% lead, 0.51% copper, 110.2 g/t silver and 1.66 g/t gold (at 1% zinc cutoff).
    • Inferred Resource (Boomerang) of 0.278 million tonnes grading 6.72% zinc, 2.88% lead, 0.44% copper, 96.5 g/t silver and 1.29 g/t gold (at 1.0% zinc cutoff)
    • Inferred Resource (Domino) of 0.411 million tonnes grading 6.30% zinc, 2.80% lead, 0.40% copper, 94.0 g/t silver and 0.60 g/t gold (at 1.0% zinc cutoff)
  • Deposit remains open for expansion; 294 drillholes totalling 85,763 metres completed to date.
  • Tulks East VMS Deposit contains historic resource in 3 massive sulphide lenses, remains open for expansion.
  • Two gold prospects on the project, the Midas Pond and Eagle have returned significant gold values including 14.7 g/t gold over 1.15 metres and 10 to 60 g/t gold from grab samples (Eagle).

Summary

The 100%-owned Tulks South project (subject to several NSR agreements) is located approximately 120 kilometres southwest of Grand Falls-Windsor and 50 kilometres southwest of Buchans. The projecthosts two significant Cu-Pb-Zn-Ag-Au VMS deposits, the NI43-101 compliant Boomerang-Domino Deposit and the historic Tulks East Deposit.   The projectt area is accessible by maintained logging/hydro roads originating from the paved highway at Buchans or Millertown.  Secondary logging roads and logging trails provide good access to various parts of the project, including truck access to the Boomerang-Domino and Tulks East deposit. The project is located approximately 65 kilometres southwest of Teck’s Duck Pond Cu-Zn mine, which closed in June 2015.

A total of 294 drillholes (85,763 metres) have been completed at the Boomerang-Domino Deposit. The Boomerang Alteration Zone, which hosts the Boomerang-Domino deposit, is defined over a strike length of 6,500 metres and widths of 200 to over 500 metres.  The Boomerang deposit is located between 65 to 395 metres below surface. The deposit exceeds 400 m along strike and ranges between 5 m and 20 m thick. Two styles of mineralization have been recognized at Boomerang, consisting of massive sulphides and stockwork mineralization.

The Domino deposit is approximately 200 metres northeast of and 100 metres deeper than the Boomerang deposit. The Domino deposit is approximately 300 metres long, has a height of between 25 and 50 metres, and ranges from 1 to 15 metres thick, averaging 11 metres in thickness. The deposit remains open along strike to the east and west but it may join into the lower-most section of the Boomerang deposit 200 metres to the west. Massive sulphide mineralization and a 20 metre thick pyritic stringer zone have been intersected in drilling.

For further information on the Tulks South Project, the Boomerang-Domino and Tulks East Deposits, please refer to the attached 2007 Technical Report.


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