The ScoZinc zinc-lead mine, located in [location], operated from mid-2007 through early 2009. The mine ceased operations following a significant decline in zinc and lead prices during the 2008-2009 financial collapse. Despite its closure, the ScoZinc Mine demonstrated the viability and attractiveness of mining zinc-lead mineralization in an open pit format, highlighting the potential for further exploitation of adjacent mineral deposits.

Key Highlights

Operational History

• Operational Period: Mid-2007 to early 2009.
• Reason for Closure: Shutdown due to the dramatic decline in zinc and lead prices during the 2008-2009 financial collapse.

Mining Potential

• Main Open Pit Area: During its operational period, the ScoZinc Mine confirmed the potential for mining zinc-lead mineralization efficiently in an open pit.
• Adjacent Deposits: The success of the Main open pit area indicates significant potential for mining other mineral deposits located nearby.

Future Prospects

The historical data and operational success of the ScoZinc Mine suggest several opportunities for future development:

Exploration and Expansion

• Geological Surveys: Conducting detailed geological surveys to assess the full extent of the mineral deposits adjacent to the Main open pit area.
• Feasibility Studies: Performing comprehensive feasibility studies to evaluate the economic viability of reopening the mine and developing new adjacent deposits.

Market Analysis

• Price Trends: Monitoring zinc and lead market trends to determine optimal conditions for resuming operations.
• Investment Opportunities: Identifying potential investors and partners interested in capitalizing on the proven mining potential of the ScoZinc site.

Environmental and Technological Considerations

Sustainable Practices

• Environmental Impact Assessments: Ensuring thorough environmental impact assessments are conducted to minimize ecological disruption.
• Sustainable Mining Techniques: Implementing modern, sustainable mining techniques to reduce environmental footprint and enhance operational efficiency.

Technological Advancements

• Automation and Innovation: Leveraging advanced mining technologies and automation to improve safety, reduce costs, and increase productivity.
• Data Analytics: Utilizing data analytics to optimize mining operations and resource management.

Conclusion

The ScoZinc zinc-lead mine, despite its closure during the financial collapse of 2008-2009, has proven the attractiveness and potential of open-pit mining for zinc-lead mineralization. With detailed exploration, feasibility studies, and a focus on sustainable practices, there is significant potential for future development and exploitation of adjacent mineral deposits. By monitoring market trends and leveraging technological advancements, ScoZinc could once again become a valuable player in the zinc and lead mining industry.

Since acquiring the mine in 2011, the Company has invested more than $10 million into the refurbishment of the mill, exploration, technical and economic studies and permitting.