Mining, Oil & Gas News & Blog
Balkan Zinc plc is focused on developing zinc projects in Montenegro, and acquiring base and precious metal assets in the Balkans. Balkan Zinc, through its subsidiary North Mining D.o.o., holds a 100% interest in the exploration and exploitation permits for the Monty Project in Montenegro.

Balkan Zinc has established a strong board and management team and is planning to fast track a highly targeted technical work programme to deliver a preliminary economic assessment in 2017. The assessment will be the first step in the planned development of a low-cost, long-life mining operation at Monty.

About Monty Project;

he Monty Project is situated within the historic Brskovo mining district where mining operations were first recorded in the thirteenth century. Small scale historic mining activities targeted narrow silver-bearing veins and lenses. Modern exploration in the Brskovo Mineral Field began in 1950 and continued until the commencement of exploitation of the Brskovo Mine and nearby Zuta Prla Mine in 1976 and 1978, respectively. Operations continued until 1991, with Zuta Prla being exploited from underground and Brskovo (which ceased to be operated in 1987) initially being mined from underground, but with the bulk of exploitation occurring from an open pit.

This week  Tim Daffern, managing director of Balkan Zinc, talked to Proactive Investors through the company's main asset in Montenegro - The 'Monty' mine. ''What underpins this standout project is we don't have to build any infrastructure - it's all there ready to go'', Daffern says.

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