Canadian Zinc Supports Expansion of Nahanni National Park
PRAIRIE CREEK MINE EXCLUDED FROM ENLARGED PARKACCESS RIGHTS TO BE PROVIDED BY NEW LEGISLATIONBALANCED APPROACH TO RESOURCE DEVELOPMENT AND CONSERVATION
Tuesday June 9, 2009, 4:21 pm EDT
OTTAWA, ONTARIO--(MARKET WIRE)--Jun 9, 2009 --
Canadian Zinc Corporation -
(Toronto:CZN.TO - News)(OTC BB:CZICF.OB - News)
(the "Company" or "Canadian Zinc") welcomes the announcement
of the Government of Canada's decision and the introduction
today in Parliament of new special legislation on the
proposed expansion of Nahanni National Park Reserve, which
excludes the Prairie Creek Mine, and supports the balanced
approach to resource development and conservation.
The proposed Park expansion announced today in Ottawa by
The Honourable Jim Prentice, Canada's Environment Minister
and Minister responsible for Parks Canada, will see the area
of Nahanni Park expanded by 30,000 square kilometers, making
it the third largest National Park in Canada. The enlarged
Park will cover most of the South Nahanni River watershed and
will completely encircle the Prairie Creek Mine.
However, the Mine itself and a large surrounding area of
approximately 300 square kilometers is specifically excluded
from the Park and will not be part of the expanded Park.
In making the announcement The Honourable Chuck Strahl,
Minister of Indian Affairs and Northern Development,
said that the Government recognizes the importance of
resource development in Canada's North and the decision
on the expansion of Nahanni National Park reflects a balanced
approach to conservation and to potential future economic
benefits that development of the Prairie Creek Mine can
bring to the people of the Dehcho.
A new Bill, introduced by the Government in the House of Commons today, entitled "An Act to amend the Canada National Parks Act to enlarge Nahanni National Park Reserve of Canada" provides for the expansion of Nahanni National Park and, crucially from CZN's point of view, proposes at Section 7(1) amendments to the Canada National Parks Act to enable the Minister for the Environment to enter into leases or licences of occupation of, and easements over, public lands situated in the expansion area for the purposes of a mining access road leading to the Prairie Creek Area, including the sites of storage and other facilities connected with that road.
Heretofore, an access road to a mine through a National Park is not permitted under the Canada National Parks Act, and the Act is now to be amended solely for Nahanni National Park Reserve and specifically for the purpose of providing access to the Prairie Creek Mine area.
Attending the historic Nahanni National Park expansion announcement and celebration at the Canadian Museum of Nature in Ottawa today, Mr. John F. Kearney, Chairman of Canadian Zinc Corporation said:
"Canadian Zinc Corporation welcomes the long anticipated expansion of Nahanni National Park Reserve, with the exclusion of the Prairie Creek Mine area and the guarantee of access to the Mine through the enlarged Park."
"Canadian Zinc, and indeed the entire Canadian mining and exploration industry, supports a balanced approach to resource development and conservation, which in the proposed expansion of the Park has now been achieved," Mr. Kearney added.
Following the statements made by Prime Minister Harper, in announcing the interim withdrawal of lands for the purposes of park expansion in August 2007, where the Government committed to consultations to determine how to balance the interests of various stakeholders, including "the commercial interests whose existing investments must be recognized and respected", Canadian Zinc has been working closely with officials at Indian and Northern Affairs Canada and at Parks Canada, and in consultation with the Government of the Northwest Territories, to achieve this balanced solution.
In July 2008 Canadian Zinc and the Parks Canada Agency entered into a Memorandum of Understanding in which they agreed to work collaboratively, within their respective areas of responsibility, authority and jurisdiction, to achieve their respective goals of an expanded Nahanni National Park Reserve and an operating Prairie Creek Mine.
Canadian Zinc supports the proposed expansion of Nahanni National Park and has agreed to manage the development of the Prairie Creek Mine so the mine does not, in its own right, negatively affect the expansion of the Nahanni Park.
The balanced approach to development and conservation achieved today also acknowledges the aspirations of the communities of the Dehcho First Nations in that most of the South Nahanni watershed will be preserved and protected while also facilitating the development of the Prairie Creek Mine which will bring much needed jobs, benefits, business opportunities and economic stimulus to the Dehcho Region and to this part of the Northwest Territories.
Enactment of the new legislation introduced today will be a "win- win" for the Park, for the Prairie Creek Mine and for the Dehcho and will facilitate all parties achieving their respective objectives.
"Canadian Zinc believes that the Prairie Creek Mine and the enlarged Nahanni National Park can co-exist and that, properly planned and managed, the enlarged Park will not interfere with the operation of the Prairie Creek Mine and similarly that the operation of the Mine will not adversely impact upon the Park or its ecological integrity," said John Kearney.
"We are very pleased to be part of this unique and historic solution to the compatibility of mine development and environmental protection and conservation." Mr. Kearney added.
THE PRAIRIE CREEK MINE:
Canadian Zinc's 100% owned Prairie Creek Mine is an important Canadian resource, located in the Mackenzie Mountains in the Dehcho region of the Northwest Territories, within the watershed of the South Nahanni River and in proximity to but outside the current boundaries of Nahanni National Park Reserve.
The Project includes a partially developed underground mine
with an existing 1,000 ton per day mill and related
infrastructure and equipment.
The mineral deposit contains very substantial quantities of
zinc, lead and silver.
When in production the Mine will add significantly to
Canada's production of lead and zinc concentrates and
will create employment for about 225 people and business
opportunities for the local communities in the Dehcho
region of the Northwest Territories which currently have
a very high unemployment rate and a growing population.
Development of the Prairie Creek Mine has the support of
the great majority of the peoples of the Dehcho, who are
badly in need of the jobs, training and business
opportunities that the mine will provide, and who at the
same time are committed to the protection of
their traditional lands.
Canadian Zinc has entered into Memoranda of Understanding
with the Nahanni Butte Dene Band and with the Liidlii Kue
First Nation (Fort Simpson) to establish mutually beneficial,
cooperative and productive relationships.
Canadian Zinc has agreed to use its best efforts to employ
community members on a first preference basis and to assist
the communities to benefit from the business opportunities
associated with the Prairie Creek Project.
A major underground tunneling and diamond drilling program completed
in 2006 /2007 led to the completion of a Technical Report
to National Instrument 43-101 standards in October 2007,
filed on SEDAR, which estimates that
the Prairie Creek Property hosts total Measured and
Indicated Resources of 5,840,329 tonnes
grading 10.71% zinc,
9.90% lead,
0.326% copper,
and 161.12 grams silver per tonne.
In addition, the Report confirms a large Inferred Resource
of 5,541,576 tonnes
grading 13.53% zinc,
11.43% lead,
0.514% copper
and 215 grams silver per tonne
and additional exploration potential.
The Measured and Indicated Resource is capable of supporting
a mine life in excess of fourteen years at the planned
initial rate of 600 tonnes per day, which will increase
to 1,200 tonnes per day, and the future inclusion of
Inferred Resources is expected to extend the mine life
to at least 20 years.
The proposed new operation at Prairie Creek utilizes
the existing infrastructure and facilities that were built
in the 1980s and which will be upgraded and enhanced
to meet current-day environmental standards.
The proposed development and operation of
the Prairie Creek Project is currently undergoing
environmental assessment by the Mackenzie Valley
Environmental Review Board, which is expected to be
completed by October 2010.
The exclusion of the Prairie Creek Mine from the proposed
Nahanni National Park Reserve expansion area has brought
clarity to the land use and policy objectives for the
region and will facilitate various aspects of
the environmental assessment.
The future operation of the Prairie Creek Mine
will provide tremendous economic stimulus to this region
of the Northwest Territories, and presents a unique
opportunity to strengthen and enhance the social and
economic well being of the surrounding Dehcho communities.
Cautionary Statement - Forward Looking Information
This press release contains certain forward-looking information, including, among other things, the expected completion of acquisitions and the advancement of mineral properties. This forward looking information includes, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the completion of transactions, the issue of permits, the size and quality of mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, acquisition of shares in other companies and the financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company does not currently hold a permit for the operation of the Prairie Creek Mine. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.
Cautionary Note to United States Investors
The United States Securities and Exchange Commission ("SEC") permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Certain terms are used in this press release, such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines prohibit U.S. companies from including in their filings with the SEC.
Contact:
Contacts:
Canadian Zinc Corporation
John F. Kearney
Chairman & Chief Executive
(416) 362-6686
(416) 368-5344 (FAX)
Canadian Zinc Corporation
Alan B. Taylor
VP Exploration & Chief Operating Officer
(604) 688-2001 or Toll Free: 1-866-688-2001
(604) 688-2043 (FAX)
invest@canadianzinc.com
http://www.canadianzinc.com
--
wow another upday..
that is really nice to see
we need it the rest of the year
we may enter fair value $29 next year
lavatoriez fiatz have less value for me -
well, like to stay in CZN real silver values
AGREE!!!!!!!!!!!!!
http://investorshub.advfn.com/boards/board.aspx?board_id=14899
PRAIRIE CREEK MINE EXCLUDED FROM ENLARGED PARKACCESS RIGHTS TO BE PROVIDED BY NEW LEGISLATIONBALANCED APPROACH TO RESOURCE DEVELOPMENT AND CONSERVATION
Tuesday June 9, 2009, 4:21 pm EDT
OTTAWA, ONTARIO--(MARKET WIRE)--Jun 9, 2009 --
Canadian Zinc Corporation -
(Toronto:CZN.TO - News)(OTC BB:CZICF.OB - News)
(the "Company" or "Canadian Zinc") welcomes the announcement
of the Government of Canada's decision and the introduction
today in Parliament of new special legislation on the
proposed expansion of Nahanni National Park Reserve, which
excludes the Prairie Creek Mine, and supports the balanced
approach to resource development and conservation.
The proposed Park expansion announced today in Ottawa by
The Honourable Jim Prentice, Canada's Environment Minister
and Minister responsible for Parks Canada, will see the area
of Nahanni Park expanded by 30,000 square kilometers, making
it the third largest National Park in Canada. The enlarged
Park will cover most of the South Nahanni River watershed and
will completely encircle the Prairie Creek Mine.
However, the Mine itself and a large surrounding area of
approximately 300 square kilometers is specifically excluded
from the Park and will not be part of the expanded Park.
In making the announcement The Honourable Chuck Strahl,
Minister of Indian Affairs and Northern Development,
said that the Government recognizes the importance of
resource development in Canada's North and the decision
on the expansion of Nahanni National Park reflects a balanced
approach to conservation and to potential future economic
benefits that development of the Prairie Creek Mine can
bring to the people of the Dehcho.
A new Bill, introduced by the Government in the House of Commons today, entitled "An Act to amend the Canada National Parks Act to enlarge Nahanni National Park Reserve of Canada" provides for the expansion of Nahanni National Park and, crucially from CZN's point of view, proposes at Section 7(1) amendments to the Canada National Parks Act to enable the Minister for the Environment to enter into leases or licences of occupation of, and easements over, public lands situated in the expansion area for the purposes of a mining access road leading to the Prairie Creek Area, including the sites of storage and other facilities connected with that road.
Heretofore, an access road to a mine through a National Park is not permitted under the Canada National Parks Act, and the Act is now to be amended solely for Nahanni National Park Reserve and specifically for the purpose of providing access to the Prairie Creek Mine area.
Attending the historic Nahanni National Park expansion announcement and celebration at the Canadian Museum of Nature in Ottawa today, Mr. John F. Kearney, Chairman of Canadian Zinc Corporation said:
"Canadian Zinc Corporation welcomes the long anticipated expansion of Nahanni National Park Reserve, with the exclusion of the Prairie Creek Mine area and the guarantee of access to the Mine through the enlarged Park."
"Canadian Zinc, and indeed the entire Canadian mining and exploration industry, supports a balanced approach to resource development and conservation, which in the proposed expansion of the Park has now been achieved," Mr. Kearney added.
Following the statements made by Prime Minister Harper, in announcing the interim withdrawal of lands for the purposes of park expansion in August 2007, where the Government committed to consultations to determine how to balance the interests of various stakeholders, including "the commercial interests whose existing investments must be recognized and respected", Canadian Zinc has been working closely with officials at Indian and Northern Affairs Canada and at Parks Canada, and in consultation with the Government of the Northwest Territories, to achieve this balanced solution.
In July 2008 Canadian Zinc and the Parks Canada Agency entered into a Memorandum of Understanding in which they agreed to work collaboratively, within their respective areas of responsibility, authority and jurisdiction, to achieve their respective goals of an expanded Nahanni National Park Reserve and an operating Prairie Creek Mine.
Canadian Zinc supports the proposed expansion of Nahanni National Park and has agreed to manage the development of the Prairie Creek Mine so the mine does not, in its own right, negatively affect the expansion of the Nahanni Park.
The balanced approach to development and conservation achieved today also acknowledges the aspirations of the communities of the Dehcho First Nations in that most of the South Nahanni watershed will be preserved and protected while also facilitating the development of the Prairie Creek Mine which will bring much needed jobs, benefits, business opportunities and economic stimulus to the Dehcho Region and to this part of the Northwest Territories.
Enactment of the new legislation introduced today will be a "win- win" for the Park, for the Prairie Creek Mine and for the Dehcho and will facilitate all parties achieving their respective objectives.
"Canadian Zinc believes that the Prairie Creek Mine and the enlarged Nahanni National Park can co-exist and that, properly planned and managed, the enlarged Park will not interfere with the operation of the Prairie Creek Mine and similarly that the operation of the Mine will not adversely impact upon the Park or its ecological integrity," said John Kearney.
"We are very pleased to be part of this unique and historic solution to the compatibility of mine development and environmental protection and conservation." Mr. Kearney added.
THE PRAIRIE CREEK MINE:
Canadian Zinc's 100% owned Prairie Creek Mine is an important Canadian resource, located in the Mackenzie Mountains in the Dehcho region of the Northwest Territories, within the watershed of the South Nahanni River and in proximity to but outside the current boundaries of Nahanni National Park Reserve.
The Project includes a partially developed underground mine
with an existing 1,000 ton per day mill and related
infrastructure and equipment.
The mineral deposit contains very substantial quantities of
zinc, lead and silver.
When in production the Mine will add significantly to
Canada's production of lead and zinc concentrates and
will create employment for about 225 people and business
opportunities for the local communities in the Dehcho
region of the Northwest Territories which currently have
a very high unemployment rate and a growing population.
Development of the Prairie Creek Mine has the support of
the great majority of the peoples of the Dehcho, who are
badly in need of the jobs, training and business
opportunities that the mine will provide, and who at the
same time are committed to the protection of
their traditional lands.
Canadian Zinc has entered into Memoranda of Understanding
with the Nahanni Butte Dene Band and with the Liidlii Kue
First Nation (Fort Simpson) to establish mutually beneficial,
cooperative and productive relationships.
Canadian Zinc has agreed to use its best efforts to employ
community members on a first preference basis and to assist
the communities to benefit from the business opportunities
associated with the Prairie Creek Project.
A major underground tunneling and diamond drilling program completed
in 2006 /2007 led to the completion of a Technical Report
to National Instrument 43-101 standards in October 2007,
filed on SEDAR, which estimates that
the Prairie Creek Property hosts total Measured and
Indicated Resources of 5,840,329 tonnes
grading 10.71% zinc,
9.90% lead,
0.326% copper,
and 161.12 grams silver per tonne.
In addition, the Report confirms a large Inferred Resource
of 5,541,576 tonnes
grading 13.53% zinc,
11.43% lead,
0.514% copper
and 215 grams silver per tonne
and additional exploration potential.
The Measured and Indicated Resource is capable of supporting
a mine life in excess of fourteen years at the planned
initial rate of 600 tonnes per day, which will increase
to 1,200 tonnes per day, and the future inclusion of
Inferred Resources is expected to extend the mine life
to at least 20 years.
The proposed new operation at Prairie Creek utilizes
the existing infrastructure and facilities that were built
in the 1980s and which will be upgraded and enhanced
to meet current-day environmental standards.
The proposed development and operation of
the Prairie Creek Project is currently undergoing
environmental assessment by the Mackenzie Valley
Environmental Review Board, which is expected to be
completed by October 2010.
The exclusion of the Prairie Creek Mine from the proposed
Nahanni National Park Reserve expansion area has brought
clarity to the land use and policy objectives for the
region and will facilitate various aspects of
the environmental assessment.
The future operation of the Prairie Creek Mine
will provide tremendous economic stimulus to this region
of the Northwest Territories, and presents a unique
opportunity to strengthen and enhance the social and
economic well being of the surrounding Dehcho communities.
Cautionary Statement - Forward Looking Information
This press release contains certain forward-looking information, including, among other things, the expected completion of acquisitions and the advancement of mineral properties. This forward looking information includes, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the completion of transactions, the issue of permits, the size and quality of mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, acquisition of shares in other companies and the financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company does not currently hold a permit for the operation of the Prairie Creek Mine. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.
Cautionary Note to United States Investors
The United States Securities and Exchange Commission ("SEC") permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Certain terms are used in this press release, such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines prohibit U.S. companies from including in their filings with the SEC.
Contact:
Contacts:
Canadian Zinc Corporation
John F. Kearney
Chairman & Chief Executive
(416) 362-6686
(416) 368-5344 (FAX)
Canadian Zinc Corporation
Alan B. Taylor
VP Exploration & Chief Operating Officer
(604) 688-2001 or Toll Free: 1-866-688-2001
(604) 688-2043 (FAX)
invest@canadianzinc.com
http://www.canadianzinc.com
--
wow another upday..
that is really nice to see
we need it the rest of the year
we may enter fair value $29 next year
lavatoriez fiatz have less value for me -
well, like to stay in CZN real silver values
AGREE!!!!!!!!!!!!!
http://investorshub.advfn.com/boards/board.aspx?board_id=14899
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