Canadian Zinc Corp fka CZN

[NYBob]

The Hunt Brothers’ Silver Dream Mine –
Canadian Zinc (TSX:CZN, OTCBB:CZICF)



Introduction older snippet -
The author is old enough to remember the 1980’s during the last
precious metals’ rampant rise and the news about the Texas oil
billionaires, Nelson Bunker Hunt and William Herbert Hunt,
brothers trying to corner the Silver market.
The Hunts eventually controlled about one third of the world’s
Silver, before under political pressure, the COMEX rules changed
and the Silver price crashed.
One of the Hunt undertakings during this time was the acquisition
and building of the Silver mine at Prairie Creek -
in Northern Canada.

Now this property and mine belongs to Canadian Zinc Corporation
(TSX:CZN, OTCBB:CZICF).
For further information, Canadian Zinc’s
latest Powerpoint presentation is here and their website
is here.

Canadian Zinc is also a Silver stock favorite of Jason Hommel,
the publisher of the Silver Stock Report.
Interestingly, a website named inflation.us is also
recommending Canadian Zinc to their readership.

Canadian Zinc is an intriguing investment story about a
new high grade Silver, Zinc, Lead and Copper underground
mine that was 3 months from startup before the previous
Hunt brothers’ cornered by poli-tics.
As the author is a junior miner investor, and has a great
interest in Silver, it was extremely opportune to be able
to speak to one of my Silver holdings’ Chief Operating Officer
during the Silver price moves this week.
The author happened to be contacted by Earl Hope, Investor
Relations, of Canadian Zinc regarding their calendar, which
I had requested a copy of.
One thing led to another, and before long, Mr. Alan Taylor,
COO of Canadian Zinc was giving me an exclusive interview
on very short notice. The following interview notes are
verbatim from September 15, 2010.

Interview with Alan Taylor, COO & VP Exploration of
Canadian Zinc Corporation
Mr. Taylor was asked to start and give a background
and introduction to the company.
Alan Taylor: Canadian Zinc -
has been around since 1999 with a name change from the
previous San Andreas Resources Corporation which acquired
the Prairie Creek project in 1992 through an option from
Conwest Exploration.
The project itself is a very unique project in the mining realm,
for a number of reasons, and a couple of the significant
ones being that there is an almost complete infrastructure
on site right now, and that there is a significant high
grade resource in the ground that is still open ended.

You have to go back a little further than San Andreas,
with Prairie Creek because it has a long history to it.


The mine was fully permitted in 1980 for operations under
Cadillac Explorations when the Hunt brothers received a loan
for $65 million dollars to set up infrastructure including
a 1000 ton per day mill and 3 levels of underground development,
accommodations and workshops on site.



Figure 1:
Birds eye view of the Prairie Creek mine of Canadian Zinc.
Note that all the facilities are already in place and in
pristine condition, being newly built in the 1980’s and
not being used.
They were focusing on Silver trying to somewhat monopolize
that and they were out maneuvered through political
influences of the US securities.
In 1982 when Silver prices collapsed, Prairie Creek was
3 months away from production and the banksters
polo-ticz cornered them into bankrupt and it was
closed, maintenance, even though 90% of the mine was there.
It went into receivership for many years under the maintenance
of Conwest and in 1992 San Andreas picked it up.
Since 1992, the scope of the project has been looked at in
a longer term, because of the location it is in, it is a
sensitive environmental location because of proximity to
the Nahanni National Park Reserve. Because of the sensitivities
of environmental management, it has taken longer to move along,
and the company view was to see a longer term project with
longer term resources rather than the original 7 year outlook
of Cadillac.

So since that time, we’ve expanded the resource base from
the original reserves of Cadillac of 2 million tons, now we have
in excess of 11 million tons and we can now easily obtain
a 20 year feed for the mine.

With that capacity of resources in hand, we taken the last
few years to upgrade the resource to measured and indicated.
On the back of that we have an indicated minimum 14 year life
for just measured and indicated and an equal amount in
longevity to the mine in inferred resources.
by Marco G. partly thanks good info

Note. old result -



eom7, CNZ its a long bull run back UP
its a lot of money recently invested in the mine
infrastructure, road work to hold heavy duty trucks etc.
and a gold mine CZN is a major shareholder in have
produced a lot of gold goes to 100k ounces per year soon -
only that value some say -
should make it a $15.-/sh value



The Hunt brother Ag dream mine bull run started -
funny that the fiats still can get any CZN
one day no way to catch it with any -
of the funny fiats papers



It has been said its the richest Ag mine in the world?
how come any kind of fiat papers can catch it?





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