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Demand has been … generally … defying the bears.”
“…looking out a few years we believe that a series of mine closures should lead to shortages of zinc mining capacity and, by mid-decade, as smelters/refineries struggle to find enough feedstock, an absolute shortage of zinc metal. Teck Resources is of the same view.”
“We conclude that:
(a) Despite all the economic worries we hear, the consumption of zinc, both by the Western world and by China, is continuing to grow;
(b) Looking out a few years, zinc has a bright future, more so for miners than for smelters of zinc.”
The Note goes on to suggest how investors can play the imminent shortage of zinc and names Canada Zinc Metals as one of a few alternatives for the development of zinc resources.
_____________________________________________________________________________
About Canada Zinc Metals Corp. (TSX.V : CZX ; Frankfurt: A0RAQJ )
Canada Zinc Metals is a mineral exploration company focused on unlocking the potential of a future long life mining district in British Columbia, Canada. The Company is the dominant land holder in a world class mineral belt called the Kechika Trough which hosts in excess of 80 million tonnes of base metal resources.
Canada Zinc Metals owns a total of 77,855 hectares in 235 mineral claims which extend northwestward from the Akie property for a distance of 140 km.
The Company has outlined a NI 43-101 compliant mineral resource at its flagship Akie property, including an indicated resource of 12.7 million tonnes grading 8.4% zinc, 1.7% lead and 13.7 g/t silver (at a 5% zinc cut-off grade) and an inferred resource of 16.3 million tonnes grading 7.4% zinc, 1.3% lead and 11.6 g/t silver (at a 5% zinc cut-off grade). Using this estimate, the deposit contains 2.35 billion pounds of zinc, 471.8 million pounds of lead and 5.6 million ounces of silver in the indicated category, and 2.65 billion pounds of zinc, 482.2 million pounds of lead and 6.1 million ounces of silver in the inferred category (at 5% zinc cut-off).
The deposit remains open in all directions. Tongling Nonferrous Metals Group and Lundin Mining are significant shareholders of the Company.
The third horse in this race is zinc and it is one that could well see some of the smaller diversifieds surprising at the finish line.
As RBC Capital Markets points out in a recent note, "Over the coming 3 years there is only one base metal for which we see structural change in the price profile and that is zinc. The degree to which we see pricing strength as both Century and Brunswick come off line is anyone's guess. However, the largest zinc producers globally have already started to reposition themselves. Vedanta has announced its restructuring to align its P&L and balance sheet. The proposed Glencore/Xstrata merger should also relevel the asset side of Glencore's balance sheet. Meanwhile Teck is directing its excess cash towards copper reinvestment while keeping an eye on its investment grade rating. The most interesting bit of all this is that none of the majors are investing significantly in zinc. Reinvestment in zinc is being left to some of the smaller zinc miners like Nyrstar."
Scotiabank'sPatricia Mohr is also a fan of zinc writing recently, "Zinc may represent the next big base metal play. Zinc will shift into ‘deficit' (at latest by 2014) due to ongoing demand growth in the face of significant global mine depletion in mid-decade."
"In 2013, the closure of the Brunswick mine in Canada, Century in Australia and Vedanta's Lisheen mine in Ireland will shift sentiment towards zinc, with prices rallying in anticipation of tightening supplies," she forecast. "In the second half of this decade, zinc demand will be boosted by a recovery in G7 construction activity, particularly in the USA, China could start to use more galvanized steel in the underbody of a car."
Of course there is no way to know which of these horses is likely to 'win' but with emerging markets like India and China continuing to change the course, it should be an interesting race.
About Canada Zinc Metals Corp. (TSX.V : CZX ; Frankfurt: A0RAQJ )
Canada Zinc Metals is a mineral exploration company focused on unlocking the potential of a future long life mining district in British Columbia, Canada. The Company is the dominant land holder in a world class mineral belt called the Kechika Trough which hosts in excess of 80 million tonnes of base metal resources.
Canada Zinc Metals owns a total of 77,855 hectares in 235 mineral claims which extend northwestward from the Akie property for a distance of 140 km.
The Company has outlined a NI 43-101 compliant mineral resource at its flagship Akie property, including an indicated resource of 12.7 million tonnes grading 8.4% zinc, 1.7% lead and 13.7 g/t silver (at a 5% zinc cut-off grade) and an inferred resource of 16.3 million tonnes grading 7.4% zinc, 1.3% lead and 11.6 g/t silver (at a 5% zinc cut-off grade). Using this estimate, the deposit contains 2.35 billion pounds of zinc, 471.8 million pounds of lead and 5.6 million ounces of silver in the indicated category, and 2.65 billion pounds of zinc, 482.2 million pounds of lead and 6.1 million ounces of silver in the inferred category (at 5% zinc cut-off).
The deposit remains open in all directions. Tongling Nonferrous Metals Group and Lundin Mining are significant shareholders of the Company.
Copyright © 2012 Canada Zinc Metals Corp
Zinc to be the next ‘big base metal play' - Scotiabank's Mohr
Scotiabank says a strong rebound in U.S. auto assemblies is likely to support base metal premiums in the country
Author: Dorothy Kosich
Posted: Thursday , 29 Mar 2012
RENO(MINEWEB)-
Scotiabank economist, Patricia Mohr, predicted that zinc will become the "big base metal play," as a strong rebound in U.S. auto assemblies supports base metal premiums in the U.S.
In the March 27th edition of the Scotiabank Commodity Price Index, Mohr observed, "A strong rally in base metal prices and firmer gold led the Metal & Minerals Index higher in February."
"LME copper prices spiked to US$3.93 per pound last month-leading other base metals higher-as some of the late-2011 gloom on the global economic outlook lifted," she said. "Sentiment has improved alongside firmer U.S. economic indicators on employment, consumer confidence and auto assemblies and economic monetary policy."
Although Mohr noted copper prices retreated, "we remain optimistic that China will achieve a ‘soft landing' with GDP growth of 8.6% in 2012 and 8.9% in 2013."
In her analysis, Mohr observed that spot potash prices eased from US$500 per tonne in January to US$495 in February, "but remained well above US$393 a year ago."
Meanwhile, the Indian government, under budgetary constraints, has cut the potash subsidiary from $327 per tonne for 2011-12 to $294 for 2012-13. "These developments have triggered temporary production cuts by Potash Corp and Mosaic in Western Canada to bring supply into line with lower demand," said Mohr.
However, Mohr observed that Canpotex and the Belarusian Potash Company have just agreed on new contracts with Chinese buyers for the second quarter of 2012 at US$470 per tonne cfr, unchanged from a year ago.
"The recent rebound in soybean, canola and palm oil prices in Malaysia/Indonesia and ongoing strength in corn prices-all requiring large amounts of potash per hectare planted-has improved farm economics and bodes well for solid fertilizer application in North America, Southeast Asia and Brazil, as 2012 unfolds," she said.
In her analysis, Mohr observed that LME zinc prices rose from 90-cents per pound to 03-cents in February, before dropping to a still lucrative 90-cents in late March.
"Zinc may represent the next big base metal play," Mohr advised. "Zinc will shift into ‘deficit' (at latest by 2014) due to ongoing demand growth in the face of significant global mine depletion in mid-decade."
"In 2013, the closure of the Brunswick mine in Canada, Century in Australia and Vedanta's Lisheen mine in Ireland will shift sentiment towards zinc, with prices rallying in anticipation of tightening supplies," she forecast. "In the second half of this decade, zinc demand will be boosted by a recovery in G7 construction activity, particularly in the USA, China could start to use more galvanized steel in the underbody of a car."
"A merged Glencore/Xstrata would be the largest zinc mining company in the world, with a huge 25% share of world mine output (outside China)," Mohr added,
In the meantime, base metals premiums over LME cash in the U.S. Midwest are also firm, Mohr observed, with the ‘Platts U.S. aluminum premium' hitting a 10-month high of $8.75 cents per pound in mid-March. "Aside from lengthy delays in getting metal out of the LME warehouse in Detroit and lucrative warehousing deals, this strength likely reflects a significant recovery in U.S. auto assemblies, scheduled to reach 10.5 million units in 2012:Q2-a level not seen since mid-2007. Consumers and business are replacing an aging fleet, with the average age of vehicles on U.S. roads now at a record of nearly 11 years, up from a normal 9."
Mohr noted that spot uranium prices remain at a low ebb of US$51 per pound and base term-contract prices are US$60. "On a more positive note, China has completed drafting its new nuclear safety guidelines, spurred by the Fukushima-Daiichi event in Japan," she said. "This should allow a resumption of the approval process and actual construction of new projects this year. China has 15 nuclear reactors in operation and is in the process of building at least 25, with 50 more planned."
About Canada Zinc Metals Corp. (TSX.V : CZX ; Frankfurt: A0RAQJ )
Canada Zinc Metals is a mineral exploration company focused on unlocking the potential of a future long life mining district in British Columbia, Canada. The Company is the dominant land holder in a world class mineral belt called the Kechika Trough which hosts in excess of 80 million tonnes of base metal resources.
Canada Zinc Metals owns a total of 77,754 hectares in 236claims which extend northwestward from the Akie property for a distance of 140 km.
Tongling Nonferrous Metals Groupand Lundin Mining are significant shareholders of the Company.
Copyright © 2012 Canada Zinc Metals Corp., All rights reserved.
Race on to dig new zinc mines as old ones run dry
With experts saying zinc could be in deficit by 2017 if not earlier, miners from Australia to Africa to the European Union are racing against time to attract investment in new projects.
Author: By James Regan
Posted: Tuesday , 03 Apr 2012
SYDNEY (Reuters) -
Zinc miners are betting a long-running global supply glut of the metal used in steel making will turn into a deficit over the next five years as old mines run dry, sparking massive investment in new projects.
From Australia to Africa to the European Union, mining firms are laying the groundwork to dig up an additional 1 million tonnes-plus of zinc annually, nearly one-tenth of world consumption and more than is parked in London Metal Exchange warehouses already overflowing with unsold metal.
Zinc could be in deficit by 2017 if not earlier, experts say, as consumption rises in China, steel manufacturing picks up in Europe and North America and - most importantly - several super deposits run dry, forcing buyers to dip into swollen producer and exchange stockpiles.
With zinc supplies heading for a deficit, Goldman Sachs expects zinc prices to gain around 15 percent by mid-2014.
"While prices are not very good at the moment in zinc, that tightness of supply going forward will drive much better prices," said Andrew Michelmore, chief executive of Minmetals Resources, whose Century mine in Australia is the world's third largest.
LME zinc prices, currently trading at $2,024 per tonne, are off more than 20 percent from the peaks of 2011 and the sector is facing a sixth straight year of surplus.
"The turnaround is more about a shortfall in supply than it is about the growth in demand that is occurring," said Scott Lowe, managing director of Blackthorn Resources, which is digging a new zinc mine in Burkina Faso.
"We think we're on the cusp of a good thing," added Lowe, citing analysts as viewing the zinc market heading for the tightest supply conditions in 30 years.
In 2013, the Xstrata -owned Brunswick and Perseverance mines in Canada, along with the Vedanta Resources Plc -owned Lisheen mine in Ireland run dry, removing more than half-a-million tonnes of zinc from the global system.
CHINA SET TO BUY MORE
Hopes for a deficit by miners come as zinc stocks MZN-STOCKS continue a near-uninterrupted climb since 2007. The International Lead and Zinc Study Group says the global surplus ballooned 36 percent to 353,000 tonnes in 2011.
LME inventories - a depository of last resort - increased during the first two months of 2012 to an average of 840,000 tonnes, almost double the 15-year average of 426,000 tonnes, suggesting another hefty glut for 2012. Last week inventories swelled to a near 17-year high.
"To us, what is remarkable is not how poorly zinc has performed in the last three years, but rather how well, given how dreadful its fundamentals have been," said BNP Paribas metals analyst Stephen Briggs.
As with almost every commodity, mass urbanisation underway in China is behind growth projections for zinc consumption. China accounted for 43 percent of world zinc consumption in 2011, up from just 8 percent in 1992, industry figures show.
China has the largest resource base followed by Australia, Kazakhstan, Mexico and Peru.
But it is still expected to buy more to feed its infrastructure development. More than half the world's annual consumption of 12 million tonnes of zinc goes into making galvanised steel.
HEAVYWEIGHTS VIE FOR MARKET SHARE
With demand expected to rise, Belgium-based Nyrstar, the world's biggest producer of zinc metal derived from ore concentrate, plans to boost output from its own mines by as much as 70 percent this year.
The 2012 mining production target includes 50,000 to 60,000 tonnes of zinc in concentrate from Finnish miner Talvivaara, which has a supply agreement with Nyrstar.
Glencore International and Blackthorn will start shipments of zinc concentrate in the third quarter from the Perkoa mine under construction in Burkina Faso, rapidly building to an annual rate of 90,000 tonnes contained metal.
London-listed Vedanta Resources in 2010 bought AngloAmerican's zinc interests for $1.34 billion and has been touted as a potential buyer of more mines as sector heavyweights vie for more market share.
'READ MY LIPS, NO NEW ZINC'
China's Minmetals is racing to replace at least part of the output it will lose when its Century zinc mine in Australia closes by 2015, taking half-a-million tonnes off the market annually.
Minmetals spent several million dollars trying to find more ore to keep the Century mine going and profit from a turnaround, but in the end was forced to settle for the smaller Dugald River deposit nearby, which is less than half its size.
A full merger of Glencore and Switzerland-based miner Xstrata, now before shareholders, would give the group 16 and 18 percent globally of both zinc ore and zinc metal supply respectively, based on analysts estimates.
Glencore, along with Nyrstar and China Nonferrous Metals Industry, is also helping develop a new mine in Greenland targeting production of up to 150,000 tonnes of zinc a year.
"Our strategy at Teck on zinc the last five years has been, 'Read my lips, no new zinc,' because zinc has been in surplus," said Don Lindsay, president and CEO of Teck Resources, which operates the world's biggest zinc mine in Alaska.
"However, we finally changed our stance on that in November, because we finally see that zinc really is going to switch from surplus to deficit. We don't know exactly when. It certainly isn't this year. But we do see it's going to happen."
(Additional reporting by Sonali Paul; Editing by Sugita Katyal and Ed Davies)
© Thomson Reuters 2012 All rights reserved
largest independent zinc development projects in the world:~]
or one of them to say the least
My goal is to add a little zinc to my life and get a little zing to my port.
1ST month here I'm up a nickel,yay
Pretty good considering there is a mini gold take down going on now and all my gold stocks are down this month.
Canada Zinc Metals Corp.CZX) is pleased to announce the results of an updated National Instrument 43-101-compliant resource estimate for its 100% owned Akie property, host to the Cardiac Creek SEDEX Zn-Pb-Ag deposit, located approximately 260 kilometers north-northwest of the town of Mackenzie, in northeastern British Columbia, Canada.
Highlights of the updated mineral resource are as follows:
Indicated resource of 12.7 million tonnes of 8.38 % Zn, 1.68% Pb & 13.7 g/t Ag at 5% Zn cut-off
Inferred resource of 16.3 million tonnes of 7.38% Zn, 1.34% Pb & 11.6 g/t Ag at 5% Zn cut-off
23% increase in overall tonnage compared to the previous (2008) estimate
Upgrade of 44% of the total resource into the indicated category
The updated resource adds drilling conducted since 2008, including over 6,000 meters drilled in 2011. There are now a total of 108 drill holes on the Akie property with a total core length of 46,043 metres. Of these, 78 holes, totalling 36,021 metres, are within the proximity of the block model and contribute to the estimation of the mineral resource. The remaining 30 drill holes test the zone over a total strike length of almost 7 kilometres, or test other exploration targets on the property.
The previous resource estimate was described in a Technical Report dated May 28, 2008 (available on www.sedar.com) and outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut-off grade). There have been three drilling campaigns completed on the property since the May 2008 report that have added considerably to the understanding of the deposit.
The Cardiac Creek deposit exhibits properties typical of a sedimentary exhalative (Sedex) deposit, common in this area of BC. The deposit occurs as a planar sheet-like zone of semi-massive to massive sulphides comprised of varying amounts of pyrite, sphalerite and galena (+/- barite) which has been traced over a strike length of at least 7 kilometers and to a depth of 1,300 metres below surface. The mineralized zone averages about 20 metres (true) thickness in the area of potential economic interest.
The Cardiac Creek deposit mineral resources are summarized at a series of zinc cut-off grades for comparison purposes in the table below. Highlighted in the table is the “base case” cut-off grade of 5% Zn which is considered reasonable based on assumptions derived from operations with similar characteristics, scale and location. Note that the resource, at the 5% Zn base case cut-off, occurs as a continuous zone, which is favourable with respect to selectivity and other factors, when considering possible mining options. The current resource extends to a maximum depth of 800 metres below surface.
The updated resource is tabulated below.
Cardiac Creek Deposit: Mineral Resource Summary
Cut-off Grade
(Zn %) ktonnes Zn (%) Pb (%) Ag (gpt) Combined Zn + Pb (%)
Indicated
2
20,088
6.59
1.31
11.2
7.90
3
17,683
7.15
1.43
12.0
8.58
4
15,195
7.75
1.56
12.8
9.31
5
12,731
8.38
1.68
13.7
10.06
6
10,342
9.05
1.81
14.6
10.86
7
7,798
9.89
1.98
15.6
11.87
Inferred
2
48,102
4.62
0.83
8.1
5.63
3
33,016
5.61
1.02
9.4
6.63
4
23,278
6.50
1.19
10.5
7.69
5
16,287
7.38
1.34
11.6
8.72
6
11,026
8.28
1.50
12.5
9.78
7
7,092
9.29
1.67
13.7
10.96
(1) “Base case” cut-off grade of 5% Zn highlighted in table
(2) Mineral resources are not mineral reserves as the economic viability has not been demonstrated
Additional drilling since 2008 has added over 5.4 million tonnes of resources at the base case cut-off grade of 5% zinc. Infill drilling has also improved the confidence in the resource and allowed the reclassification of 12.7 million tonnes of inferred material at a 5% Zn cut-off to the indicated category. A significant reason for the increase of the resource and reclassification of the resource to the indicated category is a result of recent drilling that has expanded the resource at depth and to the southeast.
The deposit remains open at depth, up-dip and along strike. Further delineation and exploration drilling is being considered using underground drilling stations located in the footwall of the deposit on the 950m elevation. All permitting and engineering designs are complete and in hand in order to commence the underground drill program.
“We are very pleased with the progress made over the previous drill campaigns,” commented Mr. Ken MacDonald, Vice President of Exploration for Canada Zinc Metals Corp. “This resource update confirms our belief that the Cardiac Creek deposit holds significant potential for expansion. We have now upgraded more than half of the original inferred resource into the indicated category and drilling at closer spacing yields an improvement in tonnage and similar grades over the previous model estimate.
We believe that Cardiac Creek is one of the largest independent zinc development projects in the world, and we are committed to advancing the orderly development of the project through to final feasibility. We plan to continue aggressive drilling to expand the existing resource, beginning in the spring of 2012.”
About the Akie Property:
The Akie zinc-lead property is situated within the southernmost area (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by siliceous, carbonaceous, fine-grained clastic rocks of the Middle to Late Devonian Gunsteel Formation.
Two similar deposits, Cirque and Cirque South Cirque, located some 20 kilometers northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel Formation rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101 compliant) grading approximately 10% combined Zn+Pb.
In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% Zn+Pb, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.
The mineral resource estimate was prepared under the direction of Robert Sim, P.Geo with the assistance of Bruce Davis, FAusIMM. Mr. Sim is the independent Qualified Person within the meaning of NI 43-101 for the purposes of mineral resource estimates contained in this release. The resources have been classified and are reported, as required by NI43-101, according to the CIM standards on Mineral Resources and Reserves. The company is currently revising their 43-101 compliant Technical Report and will file within the mandated 45 -day period.
Ken MacDonald P.Geo., Vice President of Exploration, is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
CANADA ZINC METALS CORP.
“PEEYUSH VARSHNEY”
http://www.canadazincmetals.com/news/index.php?&content_id=139
CZX added to this last week
China needs the metals and I'm thinking they will move on this in 2012.
This could be huge if it happens.
Just the largest zinc and lead mine in the world is at hand.
Chinese Tongling can be knocking
Disneylands main street USA made in where? China, Oh My Gosh
Chinese giant Tongling Nonferrous holds 36% in the company and the only question left is when they will move to increase their stake. Lundin Mining keeps all its options open with the strategic stake in the company - these two companies can easily make this Canadian region play into one of the largest Zinc and Lead mines in the world. We can talk about the magnitude of 100 million tons Zinc and Lead above 5% grade combined after consolidating the Korea Zinc and Teck Resources J/V property in the region.
Update on Tongling Nonferrous Metals Group Holdings Co. Ltd. $18 Million Private Placement
Print
October 26, 2010
Vancouver, British Columbia, Canada – Tuesday, October 26, 2010 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to announce that, further to its news release dated July 26, 2010, it has been advised by Tongling Nonferrous Metals Group Holdings Co. Ltd. (“Tongling”) that the State-Owned Assets Supervision and Administration Commission of Anhui, China, has approved Tongling’s application to further invest in Canada Zinc Metals. Tongling will now apply for final approval from the Development and Reform Commission.
Tongling has subscribed, by way of a non-brokered private placement, for 31,386,224 units of Canada Zinc Metals at a price of $0.5735 per unit for gross proceeds of $18,000,000. Each unit consists of one common share and one half of a common share purchase warrant. Each whole warrant shall entitle the purchaser to purchase, at any time within 24 months from closing, one additional common share of the Company at a price of $0.675 during the first year and at a price of $0.775 during the second year. Upon closing of the private placement, Tongling will own approximately a 36.5% equity interest in Canada Zinc Metals.
Tongling Nonferrous Metals Group Holdings Co. Ltd., based in Tongling, Anhui, is a state-owned holding company, and one of China's largest copper smelting companies. Tongling’s principal activities are exploration, mining, ore processing, smelting & refining and products processing of copper, lead, zinc, gold, silver and other non-ferrous and rare metals.
The financing is subject to receiving the necessary approvals of the relevant Chinese regulatory departments and the TSX Venture Exchange.
About Canada Zinc Metals Corp.
Canada Zinc Metals is a mineral exploration company focused on unlocking the potential of a future long life mining district in British Columbia, Canada. The Company is the dominant land holder in a world class mineral belt called the Kechika Trough which hosts in excess of 80 million tonnes of base metal resources. Canada Zinc Metals owns a total of 78,526 hectares in 233 claims which extend northwestward from the Akie property for a distance of 125 km.
About the Akie Property
The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian ‘Gunsteel’ formation. The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off grade).
Two similar deposits, Cirque and Cirque South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101 compliant) grading approximately 10% combined zinc + lead.
In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
CANADA ZINC METALS CORP.
“PEEYUSH VARSHNEY”
PEEYUSH VARSHNEY, LL.B
CEO & CHAIRMAN
Pretty quiet here, nobody excited about large Chinese mining group buying in 13% of CZX Canada Zinc?
I think it near heresy that you guys are using ''The Mick''s name without the ''Expressed written consent of the commissioner of Major League Baseball''.You guys are in real trouble.
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Tongling Nonferrous Metals Group Holdings Co. Ltd.
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