Junior Breckenridge Resources (VSE) intends to develop the Xiacun zinc-lead-silver project in China’s Szechwan province, near the Tibetan border. To do so, it must complete a bankable feasibility study and form a joint venture with the regional Chinese government. Breckenridge’s interest will be 70%.
The deposit contains a minable resource of about 9.1 million tonnes grading 9.1% zinc, 5.6% lead and 1% copper, as well as 0.6 gram gold and 225 grams silver per tonne. About 60% of the deposit is believed to be minable by open-pit methods, although mining is expected to be complicated by the property’s remote location and complex metallurgy.
Further bulk-sample tests will be carried out in a program aimed at increasing recoveries through conventional flotation, and possibly leaching techniques (to upgrade the copper-silver concentrate product).
At presstime, Breckenridge was carrying out a preliminary evaluation of the project.
Athabaska Gold Resources (TSE), which holds an 18.1% interest in Breckenridge, has a right of first refusal on any future financings.
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