Nexa Resources reports Q4 and FY23 exploration results

Nexa Resources provided the drilling and assay results from Q4 and full year of 2023. At the end of 2023, cumulative drilling production reached 257,482 meters, of which 85,199 meters were exploratory drilling, including the Babacu infill at Aripuana, and 172,284 meters were operational infill drilling. Total exploratory drilling in 4Q23 was 15,586 meters. Exploratory drilling planned for 1Q24 includes 9,500 meters in Peru with seven rigs and 2,500 meters in Brazil with three rigs, totaling 12,000 meters. Jones Belther, Senior Vice President of Mineral Exploration & Business Development, said “During 2023 we achieved 97% of the planned activities with the execution of 85,199 meters of exploratory drilling out of the planned 88,196 meters…During 4Q23 our brownfield exploration programs have progressed as planned and assay results continue to indicate that we can potentially extend the life of mine of our current operations. At Cerro Lindo, orebodies OB-8 and OB-9 continued to be extended with intersections greater than 4.0 meters…At the Pasco complex, the Integracion orebody confirmed continuity in depth below the 3300 level in three holes as per hole PEEPD02702 with 3.5 meters @ 2.99% Zn, 1.15% Pb, 0.46% Cu, 130.97 g/t Ag and 0.42g/t Au. Finally, in respect of the Hilarion project, at the El Padrino area, two holes confirmed mineralized skarn zone continuity to the southwest, displaying multiple parallel lenses as was the case with hole PEPADD000001 with 6.2 meters @ 2.70% Zn, 0.37% Pb, 0.431% Cu, and 38.08g/t Ag”.