Click to access 240517-New-Geophysical-Targets-Identified.pdf

Consolidated Zinc Limited (ASX:CZL) is pleased to provide an update on the continued processing and analysis of geophysical surveys completed over the Plomosas Project in Mexico during the December 2016 quarter (ASX announcement 25 January, 2017). Geophysical surveys acquired both gravity and airborne magnetics data and these datasets coupled with geological mapping and widespread sampling have identified numerous co-incident targets for follow-up. Recent analysis including reprocessing and inversion of the magnetic data shows a 3km wide, complex magnetic anomaly centred 1.5km to the SE of the mine. It is caused by the response from shallow weakly magnetic sediments that appear superimposed on the response of a deeper source. An inversion of the data indicates a deep magnetic body that starts at a depth of about 700m, but is likely centred much deeper (1300m). This could represent an intrusive body and heat source for a larger hydrothermal system (Figures 1-4).