The Nanisivik Mill

"The mineral potential of the Nanisivik area was discovered as far back as 1910 when a prospector of the Geological Survey of Canada, on an expedition under Captain J. G.Bernier, recorded a deposit of pyrite with minor sphalerite and galena. An outcrop of the present orebody was discovered by Texas Gulf Company in 1957. Subsequent drilling outlined the orebody consisting of 6,000,000 tonnes of ore containing 13 % Zinc and 1.5 % Lead. The orebody appears to have been formed by the filling of a limestone cavern with sulphides. The sulphide minerals consist of pyrite, sphalerite and galena. The limestone bedrock is mostly dolomite with some calcite and magnesite. A cutoff grade of about 6% Zinc has been calculated.In 1972 Mineral Resources International Limited took an option on the property. Upon completion of the feasibility study by Watts, Griffiths and McOuat, the then new independent project management group of Strathcona Mineral Services Ltd. were engaged to develop the project through the financing, construction and operating phases. Strathcona Mineral Services still manage the project from their head office in Toronto and through the Mine Manager and Department Superintendents at the Mine site. The interest for the project is presently split five ways: Mineral Resources International Ltd. 53.5 %, Government of Canada 18 %, Metallgesellschaft A.G. of Germany 11.25 %, Billiton B. V. of Holland 11.25 % and Texas Gulf Co. 6 %."