Renewed interest in zinc
The search for zinc gained renewed momentum this week when prospective zinc producer Sabre Resources announced the commencement of its drilling activities. Additionally, a revised mineral resource statement of its Border zinc-lead deposit is expected while commencing the drafting of detailed scooping and feasibility reports.
Releasing a statement early in the week, Sabre anticipates a long term supply deficit sustained by higher prices for these metals. It said, “Sabre will recommence exploration of the Pavian Zinc-Lead Trend this quarter.” Sabre believes a resurgence in the prices of zinc and lead, combined with their long term demand fundamentals support intentions to advance its zinc projects in the Otavi Mountain Land.
Sabre holds exploratory prospecting licenses 3540, and 3542. Combined, Sabre the licenses cover an area in excess of 800 kilometres per square metre and contains over 60 known copper, lead, zinc, and vanadium occurrences Sabre claims.