Zinc as critical metal spurs development potential, Slave Lake Zinc CEO says

TL;DR

Rich Wiggum, CEO of Slave Lake Zinc, discusses the company's property in the South Slave region of Northwest Territories and its potential as a North American source of zinc.

Transcript

in this edition of Inn CEO talks I'm joined by Rich Wiggum the CEO and director of Slave Lake zinc Rich welcome well thank you Stuart very happy to be here why don't we start by you giving us an overview of the company and your property well we're really well situated in the South slave of the Northwest Territories uh about 60 kilometers to Fort re... Read More

Key Insights

• 🤑 Slave Lake Zinc's property has a rich historical background, with connections to American Yellow Knife Mines.
• 🙅 Collaboration with indigenous groups has helped de-risk the property and establish a good relationship with local communities.
• ❓ Recent geophysics surveys have confirmed the potential for significant mineralization, supporting the company's hydrothermal theory.
• 🏈 The scarcity of zinc mines globally makes Slave Lake Zinc's North American source an attractive proposition.

Questions & Answers

Q: What is the historical background of Slave Lake Zinc's property?

The property has a long history, with connections dating back to the 1940s when it was operated by American Yellow Knife Mines. Recent collaboration with indigenous groups has helped open up the land for development.

Q: How much mineralization is expected on Slave Lake Zinc's property?

The company's 15-kilometer-long corridor is expected to have some level of mineralization throughout, potentially totaling tens of millions of tons. They anticipate falling within the 10 to 100 million ton category.

Q: Why is now the right time to invest in Slave Lake Zinc?

The company has been approached by offshore interests due to zinc being declared a critical metal by the Canadian government. With limited zinc mines globally, the company's North American source and hydrothermal theory present a significant opportunity.

Q: When can investors expect drill results and further updates?

Slave Lake Zinc plans to start its drill program early next year, with results expected to be released thereafter. Investors should keep an eye on the company for news and updates over the next year.

Summary & Key Takeaways

• Slave Lake Zinc is located in the South Slave region of Northwest Territories, with a focus on the communities of Fort Smith and Hay River.

• The company's property is a historic lead-zinc site, and they have established a collaborative relationship with the Northwest Territory Métis Nation.

• Recent geophysics surveys have shown a potential hydrothermal origin for the mineralization, suggesting a significant resource in the range of tens of millions of tons.