The central Newfoundland region has a rich-history of base metal production beginning with the world-class Buchan's Zn-Cu deposits which were mined by Asarco from 1928 to 1984. In 2006, mining operations began at the Duck Pond Cu-Zn mine owned by Teck Resources. The Duck Pond mine is the first producing mine in the Tally Pond volcanic belt of which approximately 60% is covered by Canadian Zinc's South Tally Pond VMS Project.
From 2007-2012, Paragon Minerals Corporation (now a 100%-owned subsidiary of Canadian Zinc) primarily on the Lemarchant Prospect, where Paragon aggressively advanced this significant massive sulphide discovery. A total of 74 drillholes (24,000 metres) have been completed at the Lemarchant prospect and a initial resource estimate on the Lemarchant “Main Zone” was released in January 2012. The Lemarchant Deposit remains open for expansion. Outside of the Lemarchant area, there remain numerous other, underexplored priority VMS targets on the South Tally Pond Project. These areas have seen limited or no drilling and include the Beaver Lake, Bindons Pond, Rogerson Lake, Ambrose Lake, Spencers Pond, Duck Pond West, and Gills Pond Prospects.