Meridian Minerals Limited said that it will purchase a package of zinc lead tenements containing existing JORC-compliant resources in the Lennard Shelf region of Western Australia from the Xstrata Zinc/Teck Cominco Limited JV Company, Lennard Shelf Private Limited.

The Lennard Shelf is one of the world’s premier MVT zinc lead provinces and prior to the commencement of mining in 1987, hosted resources which were stated as 41 million tonnes.

Meridian Minerals Company has purchased a number of areas of lead zinc, including Kapok mine, Kapok West, Cadjebut Splay, Palijippa and wagon Pass, etc. Meridian has paid 25 million for those resources.

(Sourced from Yieh.com)