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NNE-A Huge Potential !!!! Check out the Latest Press Release: Naneco Minerals Ltd - Jiawula deposit to be developed Naneco Minerals Ltd NNE Shares issued 13342496 1998-04-06 close $0.43 Wednesday Apr 8 1998 Mr Archie Nesbitt reports Naneco Minerals has retained Watts, Griffis and McOuat (WGM) to conduct a pre-feasibility study for the development to production of the Jiawula polymetallic deposit in Nei Mongol, China. WGM will use and confirm information from the feasibility study completed by the Shenyang Non-Ferrous Metallurgical Design and Research Institute but with emphasis on modern, underground, bulk-tonnage mining methods at a minimum rate of 1000 ton/day. The Shenyang study concluded that Jiawula had a geological reserve of 7,339,400 tons of 5.19% zinc, 124.4 grams of silver, 3.26% lead, and .38% copper with a mining reserve of 5,168,000 tons of 5.70% zinc, 140.8 grams of silver, 3.38% lead and .46% copper. The WGM report is expected to be complete in May 1998. Naneco's geologic team believes that there is significant potential at the Jiawula project, with some 40 known mineral deposits, for a low cost, high margin mining operation with in excess of 20 million tons. | ||||||||||||||
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