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Positive Preliminary Economic Assessment for Murray Brook Zn-Cu-Pb-Ag Deposit, Bathurst Mining Camp, New Brunswick filed on SEDAR
Highlights: Pre-production capital requirements $261 million Mill throughput o...
About this update from Metalquest Mining Inc
[{"type":"text","content":"\n\n\nHighlights:\n\nPre-production capital requirements $261 million\n\nMill throughput of 2 million tonnes of ore per annum - 6,000 tonnes per\n day\n\nLife of Mine 9.5 years\n\nLife of Mine Production: 239,000 tonnes of copper concentrate, 122,000\n tonnes of lead concentrate\nand 770,000 tonnes of zinc concentrate\n\nTotal Net Smelter Return Revenue $1,246 million\n\nFurther metallurgical studies planned\n\nExcellent exploration upside with additional drilling plans on adjacent\n Camel Back Claims\n\n\nVANCOUVER, July 23, 2013 /CNW/ - El Nino Ventures Inc. (\"ELN\" and the\n \"Company\") (TSX.V: ELN) (OTCQX: ELNOF) (Frankfurt: E7Q) is pleased to\n announce the SEDAR filing of the NI 43-101 Preliminary Economic Assessment (\"PEA\") for the Murray Brook polymetallic massive sulfide deposit, New Brunswick\n (the \"Project\"). The results of the PEA demonstrate the potential\n technical and economic viability of establishing a new mine and mill\n complex on the Murray Brook property.  The projected cash flows\n indicate an after-tax NPV at a 5% discount rate of $96.4 million, an\n IRR of 11.4%, and a payback period of 5.4 years (see table 1).\n\n\nThe PEA was prepared by P&E Mining Consultants Inc. under the\n supervision of Eugene Puritch, P. Eng. of P&E Mining Consultants Inc.\n Mr. Puritch is an independent QP in accordance with NI 43-101.\n\n\nQualified Persons Statement\n\n\nThe PEA was prepared under the supervision of Eugene Puritch, P. Eng. of\n P&E Mining Consultants Inc. Mr. Puritch is an independent QP in\n accordance with NI 43-101 and has reviewed and approved the technical\n information in this release.\n The information in this release was reviewed by Dr. William Stone, \n Executive Vice President of Exploration of ELN and a QP as defined by\n NI43-101.\n\n\nAbout El Niño Ventures Inc. Bathurst Projects\n\n\nEl Niño Ventures Inc. has two active projects in the Bathurst Mining\n Camp;\n\n\n1. Murray Brook Project\n\n\nThe Murray Brook Project is located 60 km west of Bathurst, in the\n northwest part of the Bathurst Mining Camp (Figure 1). The Murray Brook deposit is a zinc-lead-copper-silver massive\n sulphide which is the subject of a recently completed Preliminary\n Economic Assessment.  The project is supported by excellent\n infr...