Bathurst Mining Camp Project

Eastern Zinc’s Bathurst Mining Camp Project (BMC) is situated within the Bathurst Mining District in northern New Brunswick, one of Canada’s most historic and illustrious zinc production camps. The BMC project consists of 1,247 mineral claims covering more than 27,000 hectares and is strategically situated in a mining jurisdiction known for clusters of zinc-rich VMS deposits.

The BMC properties include the Upper Road Zone, a potentially new VMS discovery drilled in 2018 by SLAM Exploration Ltd on the Portage Property. A historical drill hole completed at the Upper Road Zone over an existing geophysical anomaly resulted in significant zinc, lead, copper, and silver results from sphalerite, pyrite and galena, and suggested a potentially mineralized interval at depth. This accessible, drill-ready, high-priority target is located 25 kilometres west of the Caribou mine operated by Trevali Mining Corp.

The BMC project strategically assembles significant exploration tenure adjacent to both the Caribou Zinc Mine operated by Trevali Mining Corporation and the advanced Murray Brook zinc deposit. Trevali’s mine is a 3,000 tonne/day mine that produces nearly 100 million pounds of zinc per year. The underlying BMC mineral claims where previously held by companies such as Glencore, Xstrata and Votorantim, but where underexplored and allowed to lapse due to the 2008 financial crisis and mining downturn.

Eastern Zinc is focused on generating VMS-related zinc targets within this district-scale project area. The BMC project represents a great opportunity to explore potential VMS deposits around one of Canada’s most prolific zinc mines. The adjacent Brunswick No. 12 mine was once the world’s largest underground zinc mine and produced 137 Mt grading 8.74% zinc, 3.44% Pb, 0.37% Cu, and 102 g/t Ag over 49 years. VMS deposits occur in tight clusters so there is a high probability that this project’s mineral claims may hold widespread zinc mineralization.

Eastern Zinc plans to drill several high priority targets on its BMC claims during the summer and fall of 2019 and complete additional reconnaissance exploration work.