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Slave Lake Zinc Corp. (SLZNF) is focused on unlocking the potential of its O'Connor Lake property in Canada's Northwest Territories, known for zinc, lead, and copper. The company's current exploration efforts are concentrated on identifying potential lithium content in pegmatite formations on its property. The historic O'Connor Lake site, with its rich mineral deposits, has drawn the attention of geologists and investors alike due to its proximity to the Yellowknife Pegmatite Belt and the potential for critical metals discovery.
Slave Lake Zinc Corp. (CSE: SLZ) has announced a private placement financing opportunity to accelerate exploration at its O'Connor Lake Project in the Northwest Territories. The financing aims to raise up to $500,000 through a combination of flow-through units (up to $350,000 at $0.06 per unit) and hard dollar units (up to $150,000 at $0.04 per unit). Each unit includes one share and a full warrant exercisable at $0.08 for two years.
Proceeds will fund a Phase One Ground Exploration Plan to verify historical assay results and locate additional mineralized zones. The company plans to use this data to prioritize areas for a 2025 drill program. Historic assays from the property have shown promising results, including high-grade gold, lead, zinc, and silver samples.
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