Overview

Mine Type	Open Pit
Stage	Preliminary Economic Assessment
Commodities	Zinc Lead
Mining Method	Truck & Shovel / Loader
Mine Life	...
Snapshot	Nevada Zinc’s Lone Mountain property may contain economic deposits of zinc and other base metals and the Company may economically produce zinc oxide and zinc sulfate from the deposit. Nevada Zinc Corporation has not released its financial statements for 2024 due to delays in filing its audited annual financial statements for the year ended December 31, 2023. As a result, on May 7, 2024, the Ontario Securities Commission issued a Cease Trade Order (CTO) against Nevada Zinc for failing to file the required documents within the stipulated time. This order prohibits trading in the company's securities in all Canadian jurisdictions and has led to the suspension of its shares from trading on the TSX Venture Exchange (TSXV).

Deposit type

• Vein / narrow vein
• Breccia pipe / Stockwork

Summary:

The zinc-lead mineralization of the Lone Mountain Property is constrained to the Devils Gate limestone/dolostone. There are two distinct types of mineralization found on the Property. The first type of mineralization is easily distinguishable from the grey host dolostone by its pink, red, yellow, orange to brown colour and produces both high and low grade assay results. This mineralization occurs in the brecciated dolostone of the Devils Gate Formation and is composed mainly of smithsonite and hemimorphite as fine grained aggregates or crystalline components filling voids. The breccia is often clast supported but the mineralization can be found within the colourful fine-grained matrix of the breccia or in dolostone clasts. Lesser amounts of lead occur with this type of mineralization however no significant lead minerals were detected in recent mineralogical work. The second type of mineralization is more difficult to define as there appears to be no significant colour or textural differences to distinguish the mineralization from the fine to medium grained host dolostone. The mineralization is grey to grey-white and produces both high grade and low-grade assay results. White crystalline and fine-grained barite and carbonate (mostly calcite) veins are ubiquitous across the Property.

The mineralization is predominately hemimorphite (Zn silicate-hydroxide), smithsonite (Zn carbonate) and Zn-bearing dolomite. Within the Extension Shaft area of the Lone Mountain Mine, the mineralization appears to be restricted entirely to the rocks within the footwall of a D2 structure.

White crystalline barite is associated with the base metal mineralization as veins up to 3 m, and in other locations as infilling around limestone or dolomite breccias. Near the Lone Mountain Mine, the barite is closely associated with the lead-zinc occurrences. In Aurogin’s drill hole 07- 1, near the Mine, zinc mineralization contains barite and the cuttings contain barite chips between zones of high-grade lead and zinc mineralization.

The zinc-rich mineralization at the Lone Mountain Property has similar characteristics to the other carbonate-hosted replacement deposit of the Eureka District. This mineralization style is consistent with the supergene-type non-sulphide zinc deposits reviewed by Hitzman et al. (2003). In their summary review paper Hitzman et al. (2003) describe these deposits as forming as a result of weathering of Mississippi Valley-type and high- temperature carbonate replacement- type zinc deposits.

Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

Operational metrics

Personnel

Job Title	Name	Phone	Email	Ref. Date
.......................	.......................	...........	...........	Sep 13, 2024

Total Workforce	Year
......	2019