|The value of the zinc, lead and silver deposit at the Prairie Creek mine is estimated at $2.5 billion. (Canadian Zinc Corp.)|
Vancouver-based Canadian Zinc Corp. announced Friday it has received approval by a regulatory authority to go ahead with development of a controversial mine on the boundary of a national park reserve and world heritage site in the Northwest Territories.
The Mackenzie Environmental Impact and Review Board has given approval to Canadian Zinc Corp.'s Prairie Creek mine in the Nahanni National Park Reserve.
Canadian Zinc shares closed up six cents, or 8.6 per cent, to 76 cents on 17 times their usual volume on the Toronto Stock Exchange Friday.
The board said the mine, which was largely constructed in the 1980s but never operated, wouldn't pose any significant environmental hazard.
But it was divided on the issue.
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