SRK was initially commissioned in January 2019 to report a maiden Mineral Resource Estimate of the Mizek deposit in accordance with the JORC Code (2012).
This assignment later fed into the Preliminary Feasibility Study carried out by SRK in late 2019 for the development of Mizek. The PFS work mapped out the future for Mizek as an open pit copper gold operation.
The Mizek deposit was first discovered in the 1930’s as a barite deposit; however, exploration during the 1940’s determined economic gold content in the barites along with copper. Minor operations were conducted between 1976 and 1994 resulting in 750 kt of ore being extracted. Mizek operated a gold and copper heap leaching facility between 2002 and 2010, extracting nearly 900 kt of oxide ore annually from two open pits. Heap leaching operations have continued up to 2016, after which the plant was closed. The project site is therefore brownfield and the historical working and facilities will be rehabilitated as part of the planned operation.
The resource model prepared by SRK for Mizek considered the historical data plus recent programmes of verification drilling and sampling completed by the Client staff under technical direction from SRK. As part of this mandate, SRK has provided detailed input to train the Client staff in the standards and protocols that are required to reach and maintain compliance with the JORC Code.
The PFS work carried out by SRK also included detailed geotechnical work to determine optimal slope angles for the open pit. This knowledge was also applied in the generation of the geological model because it provided indications to the structural trends and their impact on the mineralisation. As a result of the PFS, the Mizek project is currently the subject of a Feasibility Study to determine the design and operational parameters and facilitate a board decision to fund the mine and proceed with its development. There is considerable potential to expand the currently known orebody with additional exploration both on the mine site and surrounding areas.
.webp)
20230619234759013.webp)
