- Slave Lake Zinc (SLZ) has successfully amended its existing land use permit and obtained a water license for its flagship O’Connor Lake Project
- The O’Connor Lake Property is a historic zinc lead copper property located in the Northwest Territories
- This modified permit allows Slave Lake Zinc to operate up to three drilling rigs along with an on-site helicopter, fuel cache and ancillary equipment
- An airborne geophysical survey earlier this year indicated the need for an expanded exploration program
- Slave Lake Zinc is up 9.09 per cent, trading at C$0.18 at 12:05 pm ET
Slave Lake Zinc (SLZ) has successfully amended its existing land use permit and obtained a water license for its flagship O’Connor Lake Project.
The O’Connor Lake Property is a historic zinc lead copper property located in the Northwest Territories.
This modified permit will now allow Slave Lake Zinc to operate up to three drilling rigs along with an on-site helicopter, fuel cache and ancillary equipment.
The British Columbia company conducted a major airborne geophysical survey earlier this year at O’Connor Lake. Interpretation of the survey results indicated the need for an expanded exploration program is warranted.
“This expansive “Land Use Permit” (LUP) is a major steppingstone for the development plans for our 100% owned O’Connor Lake Project located in the under-explored South Slave Region of the Northwest Territories, an exciting milestone for our team. Slave Lake Zinc would like to acknowledge and thank the Mackenzie Valley Land and Water Board, and everyone involved for accepting our application and efficiently approving the Land Use Permit and water license,” said Slave Lake Zinc CEO Ritch Wigham.
The property is located south of Great Slave Lake and to the east of Osisko Metals’ Pine Point project. The property was initially developed after the Second World War and subsequently abandoned in 1952 when the prices of zinc and lead collapsed post war.
Slave Lake Zinc is up 9.09 per cent, trading at C$0.18 at 12:05 pm ET.