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Canadian Zinc Corpor (CZN)
0.465 ? 0.01 (2.20%)
Volume: 12,500 @ 3:16:24 PM ET
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89629521
~ $CZICF ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!
$CZICF has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
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c
We'll see what the second half holds...
But most of 2013 has been unkind at best...
Canadian Zinc receives first operating permit for Prairie Creek mine -
By: Idéle Esterhuizen
28th January 2013
TEXT SIZE
JOHANNESURG (miningweekly.com) – The Mackenzie Valley Land and Water board has issued Canadian Zinc Corporation a land-use permit for the establishment and operation of the winter road that would service the Prairie Creek zinc/lead/silver mine.
The land-use permit was issued for a period of five years, starting January 10, and permitted the construction, maintenance, operation and use of the winter road connecting the Prairie Creek mine to the Liard highway. The permit allowed the outbound transportation of the zinc and lead concentrates to be produced at the mine and the inbound transportation of fuel and other supplies.
The permit also incorporated realignment of the original route, which would improve access and further reduce the potential environmental impact.
The board further issued Canadian Zinc a Type B water licence that was also valid for a period of seven years starting January 10 and which permitted the limited use of water and the disposal of waste for road construction, maintenance and operational activities.
Canadian Zinc indicated that the new permits upgraded the use and permitted activities in support of the operation of the Prairie Creek mine, which would enable the start of initial construction work on the road prior to the finalisation and issue of the main mine operating permits and Class A water licence in the final permitting stages.
Edited by: Chanel de Bruyn
http://www.miningweekly.com/article/canadian-zinc-receives-first-operating-permit-for-prairie-creek-mine-2013-01-28
http://www.canadianzinc.com
God Bless
A thing of beauty since Christmas...
No December news but a good year-end push:
http://americanbulls.com/StockPage.asp?CompanyTicker=CZICF&MarketTicker=OTC&TYP=S
-5.19% results for the week... unreal prices... rock bottom.
I think the bottom is in just like the sector...
And then CZN.TO drops even further into buy territory on a day gold is jumping bigly... thanks peeps!!!
Canadian Zinc Acquires Paragon Minerals Corporation
http://tmx.quotemedia.com/article.php?newsid=54514074&qm_symbol=CZN
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2012) -
Canadian Zinc Corporation
(TSX:CZN)(OTCQB:CZICF) (the "Company" or "Canadian Zinc") and Paragon Minerals Corporation (TSX VENTURE:PGR) ("Paragon") are pleased to announce that they have successfully completed the plan of arrangement (the "Arrangement") announced on July 31, 2012 whereby Canadian Zinc has acquired all of the issued and outstanding common shares in the capital of Paragon that it did not already own. The Arrangement was approved by Paragon shareholders on September 17, 2012 and approved by the Supreme Court of British Columbia on September 20, 2012.
Pursuant to the terms of the Arrangement, shareholders of Paragon (other than Canadian Zinc) will receive 0.136 common shares in the capital of Canadian Zinc for each Paragon share held. Details of the Arrangement are in the Paragon Management Information Circular dated August 17, 2012, which can be found on SEDAR at www.sedar.com.
John Kearney, Chairman and Chief Executive Officer of Canadian Zinc, commented, "We would like to welcome our new shareholders from Paragon and thank them for their strong support of this transaction. The combined company is well positioned to expand the current VMS resource and advance the South Tally Pond Project through further exploration and feasibility studies, and together our shareholders will benefit from building an emerging zinc producing company an enhanced capital markets profile of the combined company."
With the completion of the Arrangement, the Paragon shares are expected to cease trading on the TSX Venture Exchange on or about the close of business on September 24, 2012.
Exchange of Paragon Shares
As a result of the acquisition, Canadian Zinc will issue 7,296,298 shares of Canadian Zinc for 53,649,254 common shares of Paragon currently outstanding. All currently outstanding share purchase warrants and options of Paragon will be exercisable to acquire common shares of Canadian Zinc at the same exchange ratio. Canadian Zinc and Paragon shareholders will own approximately 95.5% and 4.5% of the combined company, respectively.
For Paragon shareholders who hold their Paragon shares through a broker, the exchange of Paragon shares for Canadian Zinc shares will be processed through their broker. For shareholders who hold their Paragon shares in registered form, the shares will be processed after they deposit their share certificates, along with a duly completed Letter of Transmittal, with Computershare Trust Company of Canada ("Computershare"), the depositary for the transaction, in accordance with the instructions in the Letter of Transmittal.
Any questions regarding exchange of shares, including any request for another form of Letter of Transmittal, should be directed to your broker if applicable or to Computershare via telephone at 1-800-564-6253 or via email at corporateactions@computershare.com.
South Tally Pond Property
Paragon's flagship project is its 100% interest in the South Tally Pond Property, which includes the Lemarchant deposit, and is located in a proven mining district near Buchans, Newfoundland. The South Tally Pond Property covers 261 km2 and is immediately adjacent to Teck Resources Limited's Duck Pond Cu-Zn mine and mill complex. The Lemarchant deposit is a significant precious metal-rich, copper-lead-zinc Volcanogenic Massive Sulphide ("VMS") discovery with a potential opportunity to develop into a viable economic resource. An initial NI 43-101 mineral resource estimate that was recently completed on the Lemarchant deposit includes the following defined mineral resources:
Indicated resource estimate: 1.24 million tonnes at an average grade of 5.38% Zn, 0.58% Cu, 1.19% Pb, 1.01 g/t Au and 59.17 g/t Ag; and
Inferred resource estimate: 1.34 million tonnes at an average grade of 3.70% Zn, 0.41% Cu, 0.86% Pb, 1.00 g/t Au and 50.41 g/t Ag.
(See Paragon's Technical Report and Mineral Resource Estimate on Lemarchant Deposit, South Tally Pond VMS Project, Central Newfoundland, dated March 2, 2012, filed on SEDAR.)
The Lemarchant deposit has been defined to a 210 m depth and remains open along strike and at depth. The exploration potential outside of the Lemarchant area of the South Tally Pond Property is still relatively untapped with numerous priority VMS targets that have seen limited or no drilling. Paragon is also exploring an excellent portfolio of gold properties through partner-funded and company-funded exploration programs.
The South Tally Pond Technical Report recommended pursuing a two-phased work program to further define the nature and extent of the Lemarchant deposit. The first phase includes the drilling of four target areas proximal to the Lemarchant deposit. Canadian Zinc is currently evaluating the proposed program before initiating further exploration on the project.
About Canadian Zinc Corporation
Canadian Zinc is a Toronto-listed exploration and development company. The company's main project is the 100%-owned Prairie Creek zinc, silver and lead project located in the Northwest Territories, Canada. The Prairie Creek Project contains 5.4 million tonnes of Measured and Indicated resources with an average grade 10.8% Zn, 10.2% Pb, 0.31% Cu and 160 g/t Ag as well as 6.2 million tonnes of Inferred resources with an average grade of 14.5% Zn, 11.5% Pb, 0.57% Cu and 229 g/t Ag. (AMC Mining Consultants (Canada) Ltd. J M Shannon and D Nussipakynova, Qualified Persons, June 2012).
A portion of the Mineral Resources was converted to a Mineral Reserve estimate of 5.2 million tonnes grading 9.4% zinc, 9.5% lead and 151 g/t silver. A Pre-Feasibility study completed by SNC Lavalin for Canadian Zinc in June 2012 indicates a pre-tax net present value ("NPV") of $253 million using an 8% discount, with an internal rate of return ("IRR") of 40.4% and payback period of 3 years based on long-term metal price projections of $1.00/lb zinc, $1.00/lb lead and $26.00/oz silver.
ON BEHALF OF THE BOARD OF ON BEHALF OF THE BOARD OF
CANDIAN ZINC CORPORATION PARAGON MINERALS CORPORATION
"John F. Kearney" "Michael J. Vande Guchte"
Chairman & President President & CEO, Director
Risk and Uncertainties
The Company's business and results of operations are subject to numerous risks and uncertainties, many of which are beyond its ability to control or predict. Because of these risks and uncertainties, actual results may differ materially from those expressed or implied by forward looking statements, and investors are cautioned not to place undue reliance on such statements, which speak only as of the date hereof.
Investors are advised to review the discussion of risk factors associated with the Company's business set out in the Company's Annual Information Form for the year ended December 31, 2011, which has been filed with the Canadian Securities Regulators on SEDAR (www.sedar.com). The risks and uncertainties, as summarized in the Company's MD&A and in other Canadian and U.S. filings, are not the only risks facing the Company. Additional risks and uncertainties not currently known to the Company, or that are currently deemed to be immaterial, also may materially adversely affect the Company's business, financial condition and/or operating results.
Alan Taylor, P.Geo., Chief Operating Officer, Vice President Exploration and a Director of Canadian Zinc Corporation, is responsible for the Company's exploration program, and is a Non-Independent Qualified Person for the purposes of National Instrument 43-101 and has approved this press release.
Cautionary Statement - Forward-Looking Information
This press release contains certain forward-looking information. 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 issue of permits, the size and quality of the Company's mineral reserves and resources, future trends for the Company, progress in development of mineral properties, the timing of exploration, development and mining activities, completion of financings and the merger, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the financial results of the company and future gold production and profitability of Vatukoula Gold Mines in which the Company has a significant shareholding. 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. We use certain terms in this press release, such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 40-F which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml.
Back
Merger with Paragon... the market likes it +5.26% today.
Anything under 40¢ should be a great buy... time will tell.
Canadian Zinc Reports Financial Results for First Quarter 2012
Continued progress on Prairie Creek Project
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 16, 2012) -
Canadian Zinc Corporation
(TSX:CZN)(OTCQB:CZICF) (the "Company", "Canadian Zinc" or "CZN")
announces its financial results for the three month period ended
March 31, 2012.
http://tmx.quotemedia.com/article.php?newsid=51307524&qm_symbol=CZN
Zinc to be the next ‘big base metal play' - Scotiabank's Mohr
http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=148391&sn=Detail&pid=102055
Scotiabank says a strong rebound in U.S. auto assemblies is likely to support base metal premiums in the country
by Dorothy Kosich
Thursday , 29 Mar 2012
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."
CANADIAN ZINC CLOSES $4 MILLION SECOND TRANCHE OF ZHONGRUN PRIVATE PLACEMENT -
PRAIRIE CREEK PERMITTING PROCESS UNDERWAY
Vancouver, British Columbia, February 10, 2012 –
Canadian Zinc Corporation -
http://www.canadianzinc.com/docs/NR021012.pdf
(TSX: CZN; OTCQB: CZICF) (the “Company” or “Canadian Zinc”) is pleased to announce that, following
receipt of regulatory approval, it has closed the second and final tranche of the previously
announced non-brokered private placement with Zhongrun International Mining Co. Ltd.,
consisting of an additional 6,000,000 units (“Units”) at $0.67 per Unit for gross proceeds of
$4,020,000.
On December 30, 2011, Canadian Zinc closed the first tranche of the Zhongrun private
placement of 9,000,000 units at $0.67 per unit for gross proceeds of $6,030,000.
Each Unit consists of one common share and one-half of one common share purchase warrant.
Each whole warrant will entitle the holder to purchase one common share of the Company at an
exercise price of $0.90 per common share for a period of 24 months from the date of issuance.
In connection with the Zhongrun financings the Company paid a finder’s fee of $502,500 to an
arm’s length intermediary.
Closing of the second tranche of the Zhongrun financing brings the total gross proceeds raised
from the recent financings to $17.6 million.
On December 30, 2011, Canadian Zinc closed a
private placement of 3,275,000 flow-through shares at $0.75 per share for gross proceeds of
$2,456,250 and on January 6, 2012 Canadian Zinc closed a bought deal public offering of
7,610,000 units at $0.67 per unit for gross proceeds of $5,098,700.
Permitting Process Underway at Mackenzie Valley Land and Water Board
On December 8, 2011, the Mackenzie Valley Environmental Impact Review Board (“Review
Board”) issued its Report of Environmental Assessment and Reasons for Decision for the
Company’s proposed Prairie Creek Mine and submitted the Report and Decision to the Federal
Minister of Aboriginal Affairs and Northern Development.
The Review Board concluded that the
proposed development of the Prairie Creek Mine is not likely to have any significant adverse
impacts on the environment or to be a cause for significant public concern.
The Review Board
concluded that an environmental impact review of this proposed development is not necessary
and that the Prairie Creek Mine project should proceed to the regulatory phase for approvals by
the Mackenzie Valley Land and Water Board (“Water Board”). 2
The Company has been advised by the Water Board that
http://www.canadianzinc.com/content/investor/news.php
http://www.canadianzinc.com/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71991340
Scoreboard for the week: +3.33%
An environmental impact assesment is not necessary... QUITE positive in my view!!!
A strong down trend channel is still in effect...
The price has tumbled through every major moving average.
FEDERAL GOVERNMENT PROVIDES $3 MILLION FUNDING TO ASSIST IN TRAINING
ABORIGINAL EMPLOYEES AT CANADIAN ZINC’S PRAIRIE CREEK MINE -
http://www.canadianzinc.com/docs/NR082911R_website.pdf
God Bless
How close to right was that observation??? LOL!
Canadian Zinc and Northwest Territories Sign Agreement for Prairie Creek Mine
Monday August 22, 2011 3:35PM
http://www.kitco.com/reports/KitcoNews20110822_MM.html
The Government of Canada’s Northwest Territories and Canadian Zinc have signed a socio-economic agreement to develop Canadian Zinc's Prairie Creek silver/zinc/lead mine in the region. The Prairie Creek Socio-Economic Agreement was signed today in a formal signing ceremony at the Legislative Assembly in Yellowknife says a release from Canadian Zinc. "The signing of this Agreement reflects the commitment of both parties to ensure that the development of northern resources occurs in a manner that is sensitive to social and cultural considerations and is economically sustainable," says Minister of Industry, Tourism and Investment, Bob McLeod. Since acquiring the property in the 1990s, Canadian Zinc has invested over $45 million, quadrupling the known mineral resources. The mineral resource at the Prairie Creek Property comprises total Measured and Indicated Resources of 5,840,329 tonnes grading 10.71% zinc, 9.90% lead, 0.326% copper, and 161 grams silver per tonne.
By Daniela Cambone of Kitco News dcambone@kitco.com
This has now closed below every notable average... must be a buying opportunity.
Excellent reversal candle on Friday but down 1.22% for the week...
-8.73% is the scorecard for the week...
CZN Chart TI P&F TA Alert bullish price objective $4.48 per share -
Canadian Zinc Corporation -
The Hunt brothers dream - Silver Mine -
http://www.canadianzinc.com/content/investor/press/western-standard.php
Video Gallery
http://www.canadianzinc.com/content/gallery/video/
http://www.canadianzinc.com
Ag & Au most often follow each other Higher
GOLD chart TA TI P&F Bullish Price 1st Target Obj $1714.48 per ounce
Mining News: Prairie Creek inches toward production
Two decades after undertaking development of the NWT underground mine, tenacious Canadian Zinc may yet have a ways to go
Rose Ragsdale
For Mining News
All bets are off, but prospects for the project most likely to succeed in becoming the next producing mine in Northwest Territories got a boost recently when its developer commissioned a new feasibility study.
Canadian Zinc Corp. in February reported engaging SNC-Lavalin Inc. to complete the feasibility study in 2011 for the underground Prairie Creek Project, a longstanding mining venture where it hopes to capitalize on several decades of development work to produce lead and zinc concentrates and a silver-bearing copper concentrate.
The project is located in an environmentally sensitive remote area in the Mackenzie Mountains of southwestern Northwest Territories, within the watershed of the South Nahanni River and in proximity to, but outside, the Nahanni National Park Reserve. The Government of Canada expanded the Nahanni National Park Reserve in June 2009 to completely surround the Prairie Creek Mine, however federal officials have assured Canadian Zinc of its third-party rights to operate and access the Prairie Creek Mine. The mine is also located in an area which is claimed by the DehCho First Nations as their traditional territory. No land claim settlement agreement has been reached between Canada and the DehCho.
Mineralization was discovered in Prairie Creek in 1928, but the property attracted only limited exploration until 1966. The Prairie Creek mineral deposit hosts nearly 6 million metric tons of measured and indicated resources grading 10.71 percent zinc, 9.90 percent lead, 0.326 percent copper and 161.12 grams per metric ton silver, along with 5.54Mt inferred resources grading 13.53 percent zinc, 11.43 percent lead, 0.514 percent copper and 215 g/t silver and additional exploration potential, according to a 2007 independent estimate which is the most recent available.
Unique opportunity
The Prairie Creek Mine project is considered unique because its environmental footprint is virtually complete. The project came within three months of production startup in 1982 before silver prices declined and the original developer, Cadillac Explorations Ltd., was placed into receivership after a spending a total of C$64 million on the project.
Since then, improvements proposed for specific site facilities have been aimed at further mitigating any potential impact the project may have on the environment. For example, filtered mill tailings will be disposed as underground backfill instead of on the surface.
The mine, mill and camp was issued a land use permit in 1980 and subsequently a water license in 1982.
Much of the mine site’s current infrastructure, which includes a nearly complete 1,000-metric-tons-per-day mill concentrator, a two-story administration building, workshops, three levels of underground development, accommodations and fuel storage facilities, was held in care and maintenance until 1990.
In 1991, Canadian Zinc (then San Andreas Resources Corp.) negotiated an option to acquire an interest in the Prairie Creek property, and 20 years later, the would-be mine developer may be finally closing in on first production.
Canadian Zinc said existing infrastructure at the mine site is an important aspect of the project and, while requiring some upgrades, it will substantially reduce what would otherwise be the capital cost of putting the deposit into production. Planned new facilities will include a kitchen/accommodation block, concentrate shed, fuel-efficient low-emission power generation units, and an incinerator.
The company holds a water license and a land use permit for underground exploration and development and operation of a pilot plant, and land use permits for surface exploration. These permits were issued after environmental assessments were carried out by the Mackenzie Valley Environmental Impact Review Board. Through these assessments, the site and existing facilities have been extensively studied and reviewed, and relevant permits issued. A number of plans and structures have already been developed and been reviewed and approved by the Mackenzie Valley Land and Water Board. Those will form a major part of the proposed development, including mine water contingency and spill contingency plans, a certified tank farm and a polishing pond.
The company also holds permits for a winter road to access the mine site from the Liard Highway.
Prairie Creek’s current estimated measured and indicated resources are capable of supporting a mine life of more than 14 years at an initial production rate of 600 tons per dsy, which would increase to 1,200 tpd. In addition, future inclusion of the inferred resources is expected to extend the mine’s life to at least 20 years.
Canadian Zinc said about 220 permanent workers will be needed at the mine, half of whom would be on-site at any one time. Personnel will generally work a three weeks on, three weeks off schedule (with variations as required). Area nonresident personnel will be flown in on charter flights from regional centers, while local personnel will be flown in from the communities of Nahanni Butte, Fort Liard and Fort Simpson.
The company said it is targeting a 35 percent northern work force, with a minimum 15 percent of its employees being members of First Nations. It also plans to offer training programs to fill mine positions.
2010 activities
Work at the Prairie Creek mine site during the summer of 2010 included continuing care and maintenance, environmental monitoring programs, road construction and repair, and a diamond drill exploration program. Canadian Zinc spent a total of C$4.2 million, compared with C$2.3 million in 2009.
In 2,700 meters of deep drilling, the company also confirmed the presence of the host Whittaker geological formation at the projected horizon, about 4 kilometers, or 2.5 miles, north of the Prairie Creek Mine portal, and the potential vein target that is projected to lie at a down-hole depth of about 1,500 meters.
Further repair work to the existing mine access road was completed, and a new 8-kilometer-, or 5-mile-, long access road to the new drill pad at Casket Creek was constructed.
In August a perimeter land survey was completed on the Gate mineral claims resulting in an adjusted total surface area for the new Gate mining leases of 2,776 hectares, or 6,860 acres. The Gate claims contain similar geology to that of the Prairie Creek mine and grassroots exploration developed new base metal targets, some of which still remain under-explored. The proximity of these claims to the Prairie Creek Mine, and the similarities in geology, justified upgrading the mineral tenure of these claims to long-term mining leases that expire in September 2030.
The Prairie Creek land package, including mining claims, mining leases and surface leases, now totals 8,218 hectares, or 20,299 acres.
Canadian Zinc also undertook the removal, by airlift, of all PCB (polychlorinated biphenyls) contaminated material that has been stored in a dedicated safe facility on site since 1982. This follows a similar program that removed all old cyanide from the site in 2008. The company contracted Hazco Environmental Services to repackage, remove and transport the PCB material off-site to be disposed of, by incineration, at the certified Earth Tech Swan Hills disposal facilities in Northern Alberta.
Canadian Zinc also continued discussions and engagement with the local communities of Nahanni Butte Dene Band and Liidlii Kue First Nation (Fort Simpson) with whom it has entered into a memoranda of understanding to establish mutually beneficial, cooperative and productive relationships. The company has agreed to use its best efforts to employ community members on a first preference basis and to assist the communities to benefit from business opportunities associated with the Prairie Creek Project.
On Jan. 20, Canadian Zinc signed the Nah’a Dehe Dene Prairie Creek Agreement, which provides for an ongoing working relationship between Canadian Zinc Corp. and the Nah’a Dehe Dene Band (Nahanni Butte Dene Band). The agreement provides a framework such that training, employment and business contracts are made available to Nahanni to the mutual benefit of both parties.
Comprehensive technical studies
Over the years, a substantial amount of technical data has been accumulated on the project, dating back to the 1970s and the subsequent completion of the original Prairie Creek Definitive Feasibility Study by a former subsidiary of SNC-Lavalin in 1980. Numerous other technical and economic studies have been carried out since, while exploration of the property continued.
During the past two years, Vancouver-based SNC has assisted Canadian Zinc with various aspects of project planning and design as part of the ongoing environmental assessment process. SNC, which is celebrating 100 years in business in 2011, also has experience in designing and constructing other mine projects in the Far North: Rio Tinto and Harry Winston’s Diavik diamond mine and Newmont Gold Corp.’s Hope Bay Davis North gold project (Nunavut).
The general scope of the feasibility study will include detailed engineering and design including mining equipment, on-site and off-site infrastructure, transportation and logistics, a construction schedule and execution plan and capital and operating cost estimates.
Key aspects of the mine’s design will be integrated into the new feasibility study with the help of subcontractors, including: DRA Americas – DMS (Dense Media Separation) plant design; Mine Paste Engineering Ltd. – paste plant design; Golder & Associates – site facilities and water treatment design; and SGS Lakefield Research Ltd. – metallurgy and processing.
More permitting ahead
The project is currently in the advanced stages of environmental assessment by the environmental review board. It is expected that public hearings will be held in April or May and that the EA process for the Prairie Creek Mine will be completed in mid-2011.
A further regulatory stage managed by the territory’s land and water board (with input from territorial and federal agencies) will follow the EA before permits are issued. These permits will likely include conditions recommended as a result of the EA, the company said.
With the environmental assessment nearing completion, Canadian Zinc said major operational parameters that will factor into the project’s implementation are now being determined and now is the time to evaluate the project’s capital costs and financial analysis through the completion of the feasibility study, in anticipation of arranging construction and working capital financing.
The company also told federal securities regulators in a March 16 filing that since 2001, it has successfully obtained seven permits for the exploration and development of the Prairie Creek property from the territory’s land and water board, including two type “B” water licenses, four land use permits for exploration activities and underground development and a winter road permit. In addition, various aspects of the Prairie Creek project have been the subject of five previous EAs carried out by environmental review board, all of which resulted in recommendations that the relevant project be allowed to proceed.
Although it has experienced long delays in obtaining permits, and expects a continued lengthy process with its permitting activities, Canadian Zinc said it has, to date, successfully carried out extensive programs at Prairie Creek, in accordance with all regulatory requirements and in compliance with all permits and licenses.
“Given the open-ended nature of the Mackenzie Valley permitting process, and the company’s experience to date, it is likely that the environmental assessment process will extend for a considerable time,” the company added.
http://www.petroleumnews.com/pntruncate/76532657.shtml
The Prairie Creek Mine project is considered unique because its environmental footprint is virtually complete. The project came within three months of production startup in 1982 before silver prices declined and the original developer, Cadillac Explorations Ltd., was placed into receivership after a spending a total of C$64 million on the project. Work at the Prairie Creek mine site during the summer of 2010 included continuing care and maintenance, environmental monitoring programs, road construction and repair, and a diamond drill exploration program. Canadian Zinc spent a total of C$4.2 million, compared with C$2.3 million in 2009. Over the years, a substantial amount of technical data has been accumulated on the project, dating back to the 1970s and the subsequent completion of the original Prairie Creek Definitive Feasibility Study by a former subsidiary of SNC-Lavalin in 1980. Numerous other technical and economic studies have been carried out since, while exploration of the property continued. The project is currently in the advanced stages of environmental assessment by the environmental review board. It is expected that public hearings will be held in April or May and that the EA process for the Prairie Creek Mine will be completed in mid-2011.
by lurker thanks
Ya gotta love that.
+10% for the day despite the takedown crooks in the metals!!!
Canadian Zinc Corp (CZICF) funfiat$1.3799 UP $0.1199 +9.52%
Volume: 300,127 @ 3:58:55 PM ET good demand
Bid Ask Day's Range
1.36 1.39 1.25 - 1.4
CZICF Detailed Quote
Cdn Zinc Corp J (CZN) funfiat$1.34 UP $0.12 +9.84%
Volume: 1,055,259 @ 3:59:23 PM ET Strong Demand
Bid Ask Day's Range
1.33 1.34 1.22 - 1.35
TSE:CZN Detailed Quote
The Hunt Brothers’ Silver Dream Mine –
Canadian Zinc (TSX:CZN, OTCBB:CZICF)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60160272
CZN Chart TI P&F TA Alert bullish price objective $4.32 per share -
The CZN P&F crystal ball light good NEWS coming
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60160272
God Bless
Canadian Zinc Corp (CZICF) funfiat$1.35 UP $0.04 +3.05%
Volume: 474,562 @ 3:57:15 PM ET good demand
Bid Ask Day's Range
1.34 1.38 1.34 - 1.4277
New Rules Will Cause Panic For Shorts
Posted: Feb 25 2011 By: Jim Sinclair
Filed under: General Editorial
Dear Friends,
February 28th > be prepared for panicked
short sellers who cannot make delivery to try every trick in
the book to buy back their short positions.
http://jsmineset.com/
The following is information from Dr. Jim Decosta:
Here is the URL:
http://www.finra.org/Industry/Regulation/RuleFilings/2010/P121892?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FINRARuleFilings+(FINRA+Rule+Filings)
Quote: There’s 3 new laws gaining attention in the NSS market reform arena:
FINRA 4320 goes into effect on 2/28/11.
It mandates 13 day buy-ins for open delivery failures FINALLY
applying to shares of non-reporting corporations.
FINRA 2010-043, also starting on 2/28/11 reinstates the
“short sale exempt” (SSE) marking requirements for trade
reporting and the OATS system.
Those MMs accessing the bona fide MM exemption from executing
pre-borrows or “locates” before admittedly naked short sales
must now FORMALLY acknowledge the accessing of that
universally-abused exemption.
Being that these trades are theoretically being made to
“inject liquidity” then the excuse to hide the related
trade data from the public’s eyes goes out the window.
You can’t have it both ways and claim the bona fide MM
exemption and later claim that the related trade data
needs to be kept secret because it might reveal a
“proprietary trading strategy”.
Truly bona fide MMs that are able to legally access that
universally-abused exemption cover their naked short position
on the next downtick after their short sale when buy side
liquidity is in need of being ejected as share prices fall.
The 3rd new rule which is in effect now states that
the offers and bids that MMs post must be of approximately
the same size.
No longer can the offers be of 1 million shares and
the offsetting bid good for the minimum 5,000 shares.
The verbiage in 4320 is especially well done as it FINALLY puts
the clearing firms that aid and abet this crime wave on the
spot.
With the FFETF, which is made up of 25 different agencies,
now on the scene the transparency has increased markedly.
You can imagine how critical the lack of transparency is to
a crime involving selling nonexistent securities and
then refusing to ever deliver that which you sold AFTER
being allowed access to the funds of the investor being
defrauded.
Here are the links to the rules
SR-FINRA-2010-028
and SR-FINRA-2010-043:
http//www.finra.org/Industry/Regulation/RuleFilings/2010/P121522
Notice the part I marked in bold in the quote above:
"FINRA 4320 goes into effect on 2/28/11.
It mandates 13 day buy-ins for open delivery failures FINALLY
applying to shares of non-reporting corporations."
God Bless
Hockmir well, I have been in it a long time -
since before Conwest Res. 20 yrs. or more -
it will continue go up with the silver & gold -
and much more when final permit to mine it is received
http://investorshub.advfn.com/boards/board.aspx?board_id=14899
recently CZN got all agreements with the natives chiefs
worked out
and it will created 100s of jobs for the
local natives they need and want to have
so the natives also will be demanding and ask the federal gov.
to issue the production permit
Monday, January 31, 2011
6:00 AM ESTCanadian Zinc Corporation: Land Use Permit Extension Approved - Marketwire
Friday, January 21, 2011
6:01 AM ESTCanadian Zinc and Nahanni Butte Dene Band Sign Impact and Benefit Agreement for the Prairie Creek Project - Marketwire -
http://tmx.quotemedia.com/article.php?newsid=37686651&qm_symbol=CZN:CA
http://tmx.quotemedia.com/news.php?qm_symbol=CZN
Canadian Zinc Reports Net Income of $10.9 Million for Nine Months
Gain of $16.7 Million Recorded on Investment in Vatukoula Gold Mines
Working Capital of $36.5 Million
at September 30, 2010
http://tmx.quotemedia.com/article.php?newsid=35492025&qm_symbol=CZN:CA
God Bless
Thanks again, NYBob. Hokey Smokes but Hock is happy today.
Great mother of pearl... today was sweeeeeeet!!!!!!!!!! +21%
Canadian Zinc Corp (CZICF) fiat$1.38 UP $0.24 +21.05%
Volume: 1,287,333 @ 3:59:11 PM ET Strong Demand
Bid Ask Day's Range
1.33 1.37 1.1655 - 1.53
CZICF Detailed Quote
Cdn Zinc Corp J (CZN) fiat$1.36 UP $0.21 +18.26%
Volume: 3,896,830 @ 3:57:20 PM ET Strong Demand
Bid Ask Day's Range
1.35 1.36 1.15 - 1.56
TSE:CZN Detailed Quote
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60160272
God Bless
The Hunt Brothers’ Silver Dream Mine –
Canadian Zinc (TSX:CZN, OTCBB:CZICF
welcome to -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60160272
God Bless
Canadian Zinc (CZICF.PK) Silver in a Clear Uptrend -
http://seekingalpha.com/article/253943-silver-in-a-clear-uptrend?source=qp_article
God Bless
Hockmir thanks, enioy ride with the Ag bulls
Silver To Gold Ratio Chart -
Silver TA alert Ag bull break out start
http://investorshub.advfn.com/boards/board.aspx?board_id=14899
God Bless
Thanks for the heads-up on this one, NYBob.
Hunt brother dream silver mine -
http://www.canadianzinc.com/content/investor/press/western-standard.php
Video Gallery
http://www.canadianzinc.com/content/gallery/video/
http://www.canadianzinc.com
http://investorshub.advfn.com/boards/board.aspx?board_id=14899
God Bless
For the week so far: ~30% up!!! Well deserved and more to come!!!
Cdn Zinc Corp J (CZN) fiat$1.09 UP $0.11 +11.22%
Volume: 558,537 @ 11:40:59 AM ET Strong Demand
Bid Ask Day's Range
1.09 1.1 1.0 - 1.12
TSE:CZN Detailed Quote
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
Video Gallery
http://www.canadianzinc.com/content/gallery/video/
http://www.canadianzinc.com
http://investorshub.advfn.com/boards/board.aspx?board_id=14899
My friends, for the week: +7%!!!
The primary contribution to Canadian Zinc’s reported net income for the period ended September 30, 2010 was the increase (since December 31, 2009) in the quoted market value of the Company’s investment in Vatukoula Gold Mines Plc (“VGM”). VGM is a United Kingdom AIM (London Stock Exchange) listed company which owns and operates the Vatukoula Gold Mine in Fiji. For its financial year ended August 31, 2010, VGM reported that it had produced 59,658 ounces of gold of which 54,642 ounces were shipped and sold. For the fourth quarter ended August 31, 2010, VGM reported that 21,107 ounces of gold were produced and 19,251 ounces were shipped and sold.
On October 21, 2010, VGM announced a proposal to carry out a share consolidation on a one for fifty basis in order to enhance the marketability of the company's shares. VGM also stated its intention to explore the listing of its shares on a North American exchange.
Canadian Zinc acquired its investment in VGM during 2009 at an original cost of $10.142 million. The quoted market value of the Company’s investment in VGM increased from $14.038 million at December 31, 2009 to $30.753 million at September 30, 2010, resulting in a recorded gain of $16.715 million for the nine months.
Excerpted from this press release:
http://www.canadianzinc.com/docs/NR110810Q3.pdf
• CANADIAN ZINC REPORTS NET INCOME OF $10.9 MILLION FOR NINE MONTHS
• Gain of $16.7 million recorded on investment in Vatukoula Gold Mines
• Working Capital of $36.5 million at September 30, 2010
Vatukoula development plan will afford the company greater production flexibility
Monday, January 10, 2011 by Ian Lyall
The process is designed to turn the mine into a 100,000-ounce-a-year
producer and is set to continue right the way through to May.
The process is designed to turn the mine into a 100,000-ounce-a-year producer and is set to continue right the way through to May.
http://www.proactiveinvestors.co.uk/companies/news/24444/vatukoula-development-plan-will-afford-the-company-greater-production-flexibility-24444.html
The accelerated underground development plan by Vatukoula Gold Mines (LON:VGM) will create some short term pain for the miner but it will eventually afford it some much needed “production flexibility”.
This is the conclusion of broker WH Ireland, which restated its 'buy' stance and 224 pence a share price target in the wake of today’s update from the group.
The process is designed to turn the mine into a 100,000-ounce-a-year producer and is set to continue right the way through to May.
“With its schedule of increasing development drives available for future production, the company is increasing its production flexibility and therefore further increasing its operational resilience,” WH Ireland analyst Tom Elder said in a note to clients.
“We reiterate this is highly desirable in the single-mine operation such as Vatukoula’s.
“Vatukoula remains on target to achieve its stated stage one production target of 100,000oz per annum,” he said.
“The company is also continuing with its exploration effort, with the ultimate goal of extending its reserve life significantly. We have few doubts that both these aims are highly achievable.”
The downside initially is that ore grades from the company’s wholly owned Vatoula Mine in Fiji have been lower in the first quarter of the company's financial year than they were in the previous three months.
Chief executive David Paxton said: "The first quarter has been focused on an intensive development program at the mine in order to overcome the historic shortage of operating areas and to prepare for the increase in production to achieve our long term gold production rate.
"Development was increased over 100 percent. However the increase in ore mined was below plan, and gold production for this quarter was marginally lower than forecast.
"We anticipate that development will be maintained at this increased rate until about May 2011 and as a result, we plan to be continuing to deliver lower grade ore, and hence we expect that gold production will be lower in the second quarter than the current quarter."
The grade of the precious metal recovered dropped to 6.48 grams per tonne in the quarter starting September 2010 from 8.81 grams three months earlier.
Over that same period cash costs increased to US$1,047 an ounce from US$647, while net operating earnings fell to £3.2 million from £.5.5 million.
Ore mined and delivered increasd 12 percent to 80,914 tonne from 72,444, VGM said in an update to investors.
Collins Stewart’s John Mcgloin said: “While production numbers are down the news that development metres are up 100 per cent should be seen as highly positive and a flag that the company is progressing well to achieving its 100,00 ounce production target.
“Adequate development is the crux for all underground operations and particularly so for VGM as the variability of the orebody means that it needs to have flexibility in selecting high and medium grade stopes to optimise production.”
The company is a rare commodity on the AIM market – a producing gold mine with a world class resource base.
The Vatukoula gold mine sits on a reserve of 630,000 ounces with a resource of 4.3 million ounces.
The shares, up 70 per cent in the last 12 months, were down 30.5 pence at 182 pence at 11.30am.
http://investorshub.advfn.com/boards/board.aspx?board_id=14899
Looking for another run here soon enough...
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Canadian Zinc Corporation is a Toronto listed junior exploration company, trading under the symbol - CZN and CZICF.pk US Pinksheets -http://pinksheets.com/pink/quote/quote.jsp?symbol=czicf . The company's main project is the Prairie Creek Silver & Zinc mine in Canada. The Company has an experienced Executive and Board based in Vancouver BC.
Canadian Zinc's long-term aim is to bring the 100%-owned Prairie Creek Mine in the Mackenzie Mountains of the Northwest Territories into production at the earliest possible date. The mine, which has a fascinating history, is a silver and base metals property already in the advanced stages of development, with substantial resources of high-grade silver, zinc, and lead. Exposures of mineralized vein structures, which overly thicker Stratabound mineralization, both of which are included in the present resource, are known to occur over a distance of 16 KM's through the property.
To bring value to our shareholders through the development of advanced Precious and Base Metals projects.
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http://www.canadianzinc.com/content/about/management.php | http://www.canadianzinc.com/content/mine/ |
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http://www.canadianzinc.com/content/investor/ | http://www.canadianzinc.com/content/contact/ |
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