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Zinc to Shine from 2-year Doldrums
By John Lee, CFA
http://www.goldmau.com
What an awesome piece of fundamental due diligence...
http://www.kitco.com/ind/Lee/oct202008.html
Buy signals are flashing... see the charts in the i-Box.
Canadian Zinc Corporation: Memorandum of Understanding Signed With Parks Canada
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 31, 2008) - Canadian Zinc Corporation (TSX:CZN)(OTCBB:CZICF) (the "Company" or "Canadian Zinc") is pleased to report that Canadian Zinc and the Parks Canada Agency have entered into a Memorandum of Understanding ("MOU") with regard to the expansion of the Nahanni National Park Reserve and the development of the Prairie Creek Mine.
In the MOU:
- Parks Canada and Canadian Zinc agree 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.
- Parks Canada recognizes and respects the right of Canadian Zinc to develop the Prairie Creek Mine and will manage the expansion of Nahanni National Park Reserve so that the expansion does not in its own right negatively affect development of, or reasonable access to and from, the Prairie Creek Mine.
- Canadian Zinc accepts and supports the proposed expansion of the Nahanni National Park Reserve and will 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 Parties agree to make every reasonable effort to address issues of common interest and build a strong working relationship, including convening a Technical Team which will better identify, define and consider issues of common interest, including, among other things, access to and from the Prairie Creek Mine through the proposed expanded Park and the park boundaries around the Prairie Creek Mine properties.
The Parties have also agreed to share with one another and the Technical Team any existing technical and scientific information relevant to a discussion and analysis of issues of common interest to the Parties.
The MOU, which is valid for three years is intended to cover the period up to the development of the Prairie Creek Mine (Phase I) and may be amended or renewed as agreed by the Parties and may be terminated by either party on not less than three months written notice. It is contemplated that the Phase I MOU will be replaced by a further MOU (Phase II) which will address the operation of the mine and the expanded Park.
The MOU is an expression of the mutual intentions of the parties and is not legally binding or enforceable. The MOU does not create any new powers or duties or alter or affect any rights, powers or duties established by law, including by the Parks Canada Agency Act and the Canada National Parks Act, or result in the Parties relinquishing any right, jurisdiction, power, privilege, prerogative or immunity.
To the extent that the Prairie Creek Mine is subject to regulatory or government processes, including hearings, Parks Canada reserves the right, while recognizing the intent of the MOU, to participate in any such process and take such positions as it sees fit and the MOU does not constrain Parks Canada from doing so, subject only to the understanding that Parks Canada has agreed not to object to or oppose, in principle, the development of the Prairie Creek Mine.
"We are pleased to have signed this cooperation agreement with Parks Canada which will facilitate both parties achieving our mutual objectives." said John F. Kearney, Chairman of Canadian Zinc Corporation.
"The exclusion of the Prairie Creek Mine from the proposed Nahanni National Park expansion area has brought clarity to the land use policy objectives for the region. Canadian Zinc believes that the Prairie Creek Mine and the expanded Nahanni National Park Reserve can co-exist and that, properly planned and managed, the expanded 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," Mr. Kearney added.
Nahanni Park Expansion:
The Prairie Creek Mine is located in the Mackenzie Mountains of the Northwest Territories, within the watershed of the South Nahanni River and in proximity to but outside the Nahanni National Park Reserve.
In August 2007 the Prime Minister of Canada visited Fort Simpson to announce the proposed expansion of Nahanni National Park Reserve. The Prime Minister announced that the Government of Canada had approved an Order in Council (PC-2007-1202 July 31, 2007), withdrawing certain lands for the proposed park expansion. The surface lands surrounding the Prairie Creek mine, containing approximately 367 square kilometres, are specifically excluded and exempted from the interim land withdrawal.
Canadian Zinc has been assured by the Government of Canada and by Parks Canada that the final boundaries of the expanded park will not include the Prairie Creek Mine site nor preclude road access to the Prairie Creek mine and that in the proposed expansion of the Nahanni National Park Reserve, the existing mining and access rights of Canadian Zinc to the Prairie Creek mine will be respected and protected.
About Canadian Zinc:
Canadian Zinc's 100% owned Prairie Creek (lead/zinc/silver) Project, located in the Northwest Territories, includes a partially developed underground mine with an existing 1,000 ton per day mill and related infrastructure and equipment. The Prairie Creek Property hosts a major mineral deposit with a Measured and Indicated mineral resource in the Vein and Stratabound deposits of 5.2 million tonnes grading 11.4% Zn, 10.9% Pb, 176 g/t Ag and 0.3% Cu along with an open ended Inferred resource of 5.5 million tonnes of 13.5% Zn, 11.4% Pb, 215 g/t Ag and 0.5% Cu. (Technical Report NI 43-101 - David M. Stone, Minefill Services, Inc., Qualified Person, October 2007 filed on SEDAR).
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 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 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.
For more information, please contact
Canadian Zinc Corporation
John F. Kearney
Chairman
(416) 362-6686
(416) 368-5344 (FAX)
or
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)
Email: invest@canadianzinc.com
Website: www.canadianzinc.com
He is not the only one big on it. Go for the Mod position.
No moderator to do the i-Box DD updates... maybe I could help...
This company operates in a megatrend sector... invest accordingly.
Que paso aqui??? Ouch, no posts for 6 months? No patience? Base metals and rare earths are surging again. So is this!
Good indication here, Thomas. These stocks take time to play out, but I think, over time, this one will do well.
sumi
December 10 (newratings.com) - Analysts at Fundamental Research Corp initiate coverage of Canadian Zinc Corp (ticker: CZICF) with a "buy" rating.
In a research note published this morning, the analysts mention that the company owns the Praire Creek Mine, which is in advanced stages of development and has large silver, zinc and lead resources. The mine can be put into production within six months of receiving the final permits, the analysts say. Canadian Zinc needs to get one last permit for water, which is expected to take two years, Fundamental Research adds.
happy holidays, thomas
sumi,
never done it before, but i can learn anything, it's just that i work 3 jobs and barely have time to even post.my email is triosh@netzero.net, so we don't waste space on this board, i can not post privately-sorry. thanks, thomas
sounds like everything, exploration wise, is increasing, and debt is decreasing. sounds good, thanks, sumisu
Canadian Zinc Reports Third Quarter 2007 Results
Wednesday November 14, 6:00 am ET
http://biz.yahoo.com/iw/071114/0328473.html
PHASE 2 UNDERGROUND DRILLING COMMENCES
$7.5 MILLION BUDGET APPROVED FOR 2008
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 14, 2007 -- Canadian Zinc Corporation (Toronto:CZN.TO - News)(OTC BB:CZICF.OB - News) (the "Company" or "Canadian Zinc") announces its financial results for the quarter ended September 30, 2007. This press release should be read in conjunction with the unaudited financial statements and notes thereto for the three and nine months ended September 30, 2007, and management's discussion & analysis ("MD&A") for the quarter ended September 30, 2007 available on SEDAR at www.sedar.com.
The Company reported a net loss for the third quarter of $770 compared to a loss of $38,749 in the third quarter of 2006. For the nine months ended September 30, 2007 the Company reported a loss of $236,646 compared to a loss of $520,041 in the equivalent period in 2006.
During the nine months to September 30, 2007 the Company invested approximately $8.9 million in exploration and development on the Prairie Creek property. During the quarter ended September 30, 2007, the Company completed a private placement of 11,765,000 units at a price of $0.85 per unit for total gross proceeds of $10,000,250. As at September 30, 2007 Canadian Zinc had cash, cash equivalents and short term investments of approximately $32 million placing the Company in a strong financial position to further continue with planned activities at the Prairie Creek Mine.
Technical Report Completed - Measured and Indicated Resources Confirmed
The Company's principal focus is its efforts to advance the Prairie Creek project towards production. In 2006 the Company drove a new internal decline about 400 metres long which enabled the initiation of a major underground exploration and infill drilling program that continued in the first nine months of 2007. Underground drilling was carried out from drill stations at 50 metre intervals along the new internal decline. Phase 1 of the drilling program was completed in early June 2007 and consisted of 41 drill holes, of which 40 intersected mineralization, totaling 8,217 metres of drilling from six underground drill stations.
The results of the Phase 1 drilling program were incorporated into a Technical Report (the "Report") dated October 12, 2007, prepared by MineFill Services Inc. (Dr. David Stone and Stephen Godden - Qualified Independent Persons), which was prepared in accordance with the standards in National Instrument 43-101. This Report verifies and confirms the previous historical resource estimate completed by MRDI in 1998 and, with the inclusion of the results of the first phase of the 2006/2007 underground drilling program, notes significant upgrades in resource categories.
The Report indicates that the Prairie Creek Property hosts total Measured and Indicated Resources of 5,840,329 tonnes grading 9.90% lead, 10.71% zinc, 161.12 grams silver per tonne and 0.326% copper.
Highlights of the Report include:
- Total Measured and Indicated Resource calculated at 5.8 million tones at greater than 20% combined lead and zinc;
- Measured Resources in Vein tonnage increase 73% at 25% combined lead and zinc with 212 grams per tonne silver;
- Indicated Resources in Vein tonnage increase 105% at 24% combined lead and zinc with 212 grams per tonne silver;
- Inferred Resource in Vein calculated at 5.5 million tonnes at 25% combined lead and silver with 216 grams per tonne silver;
- Average increase of 10% in silver grades; and
- Confirmation of grade and continuity in a NI 43-101 compliant resource report.
The total Measured and Indicated Resource is now capable of supporting a mine life in excess of ten years at the planned 1,000 - 1,500 tonnes per day production rate. In addition, there remains a large Inferred Resource of 5,541,576 tonnes grading 11.43% lead, 13.53% zinc, 215 grams per tonne silver and 0.514% copper and additional exploration potential.
The Report has been filed on SEDAR and may be viewed under the Company's profile at www.sedar.com, or on the Company's website at www.canadianzinc.com. A summary of the Report is also presented in the Company's press release dated October 9, 2007.
Phase 2 of Underground Drilling Underway
Phase 2 of the underground program commenced in August 2007 with the completion of a further 200 metre extension of the decline to create additional drill stations. The underground drilling program from the new drill stations commenced in late September 2007, with six holes totaling 1,347 metres of coring being completed to date. Drilling is currently anticipated to continue to late November / early December 2007.
Surface Exploration Program
Between July and early September 2007 the Company carried out a surface helicopter supported diamond drill exploration program totaling 1,671 metres of core in 12 holes. This reconnaissance drilling program was targeted in the Gate Claims, located about 5 kilometres west of the Prairie Creek minesite, and in Zones 8, 9 and 11 located on the same Prairie Creek geological structure as the minesite but located 5 - 10 kilometres south of the minesite. The results from this program are still being compiled but no significant mineral intersections were encountered.
Nahanni Park Expansion - Government Policy Clarified
In August 2007 the Prime Minister of Canada visited Fort Simpson to announce the proposed expansion of Nahanni National Park Reserve. The Prime Minister announced that the Government of Canada had approved an Order in Council (PC-2007-1202 July 31, 2007), withdrawing certain lands for the proposed park expansion. The area surrounding the Prairie Creek mine containing approximately 367 square kilometres is not included in the interim land withdrawal area and, as specified in Schedule 2 to the Order, is specifically excluded and exempted. Canadian Zinc has been assured by the Government of Canada and by Parks Canada that the final boundaries of the expanded park will not include the site of or the access road to the Prairie Creek mine and that in the proposed expansion of the Nahanni National Park Reserve the existing mining and access rights of Canadian Zinc to the Prairie Creek mine will be respected and protected.
Canadian Zinc welcomed the Government's announcement and anticipates that the exclusion of the Prairie Creek mine from the proposed park expansion area will bring clarity to the different policy objectives for the region. Canadian Zinc believes that the Prairie Creek mine and the expanded Nahanni National Park Reserve can co-exist and that, properly planned and managed, the expanded 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.
In October 2007 the Nahanni Expansion Working Group undertook a series of open houses throughout the DehCho communities to present proposals for developing boundary options for an expanded park. In a document dated October 2007 entitled "Expansion of Nahanni National Park Reserve: Boundary Options for Public Consultation" Parks Canada proposed three options all of which included protecting all existing third party rights and tenures. In addition, all three options include the understanding that access to the Prairie Creek Minesite will be provided and will require a right of way or corridor across or through an expanded park.
Permitting
Continued efforts have been made on permitting at Prairie Creek during the nine months ended September 30, 2007. On April 10, 2007, the Mackenzie Valley Land and Water Board issued Land Use Permit MV2003F0028 to operate a winter road from the Prairie Creek mine site to the Liard Highway. The permit is valid for a period of five years to April 10, 2012. In June, 2007, the Company applied to the Mackenzie Valley Land and Water Board for a Class B water licence (MV2007L8-0026) needed to rehabilitate a portion of the road in the proximity of the mine site, applied for a quarrying permit and sought authorization from the Department of Fisheries and Oceans to carry out the necessary work. These applications are pending.
Budget of $7.5 Million Approved For 2008
A preliminary budget of $7.5 million has been approved for the Prairie Creek project for 2008. Planned programs will include exploration drilling, ongoing permitting activities, a new economic study along with further engineering and rehabilitation work on the road to the mine site.
The main focus will be to continue permitting activities in order to advance the project towards commercial production. Community open houses and public meetings have been taking place in the Dehcho territories to provide information and to seek feedback and advice relating to the reopening of the Prairie Creek mine. The Company plans to apply for the Land Use Permit and Water Licence for the commercial operation of the Prairie Creek Mine once community information sessions and consultations are completed such that the project description report can be finalized for the application submittal.
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 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 resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings 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.
Contact:
Contacts:
Canadian Zinc Corporation
John F. Kearney
Chairman
(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)
Email: invest@canadianzinc.com
Website: http://www.canadianzinc.com
--------------------------------------------------------------------------------
Source: Canadian Zinc Corporation
Or watching grass grow!!
Thank you!
(I'd given up asking for it).
:>)
Anyway, I see by the chart we need to break 0.98 for this rally to be of any significance.
Until that time, I'm not getting excited.
Please accept my most humble apologies for the mix up on the chart. The correct chart is posted now. my bad.
You shouldn't feel bad about not having more shares.
IMHO, this stock ain't so great. Think about it .. Who's profit-taking?
I personally would never buy anymore shares of this.
Why bother? .. Just for a 0.20 cent move? There are plenty of other stocks that move that much and more everyday.
CZN, looking like the days of old here lately- wished i had a few more shares in the 70's, you just never know, do you?
DONE,
I could say that I was just testing you, but I had the wrong chart notation.
Janet gets and A and 2laidback gets a B.
Hey, just noticed that I'm finally in the green with this company; I like this chart.
sumi
Hey Sumi:
How about removing that JNN.V chart and putting up a CZN chart.
thanks.
OT thomas,
Glad to see you here and yes, I knew that Jason Hommel has a ton of Canadian Zinc. I always hope that his newsletter will provoke increased buying.
All of my favorite stocks are listed under my profile; those are the active ones.
I have a lot of positions, but the brunt of my holdings are in DEJ and SUF.
I have 11,000 shares of Canadian Zinc and it has been in the red since I bought it, but very close to going into the green.
I'm patient with this one and the market will someday propel it to higher prices.
Usually when I buy a stock, I make up or assume a board, or ask to be an assistant.
By the way, take a look at ADI.V
http://investorshub.advfn.com/boards/board.asp?board_id=8213
It has strong management and is a good buy around 90 cents.
sumisu
man sumisu, how weird to see you here, i've had this stock for quite some time, but never thought about plugging in the symbol for it, since a lot of these pinks don't come up. jason hommel owns a ton of this stock, don't know if you've heard of him or not, he's a silver guru, anyway good to see somebody i've chatted briefly with before. i've done quite some research on dejour, this one, coronado, lynas and baja and they all seem sound. you got any others, you'd like to share? sorry can't do private post. later, thomas
Canadian Zinc Corporation: Mineral Resources Confirmed and Upgraded at Prairie Creek Mine
Tuesday October 9, 12:18 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Oct 9, 2007 -- Canadian Zinc Corporation (Toronto:CZN.TO - News)(OTC BB:CZICF.OB - News)(Frankfurt:SRS.F - News) is very pleased to report the results of the new Mineral Resource estimate on the Main Zone at Prairie Creek Mine. The new estimate, which was independently prepared by MineFill Services Inc. in compliance with the standards in National Instrument 43-101, verifies and confirms the previous historical resource estimate completed by MRDI in 1998.
Significant upgrades in resource categories have been recorded as the new estimation includes the results of the first phase of the 2006/07 underground drilling campaign. Phase I of the program, completed in July 2007, comprised 41 underground diamond drill holes, drilled on 50 metre centres, totaling 8,200 metres.
"The objective of the 2006/07underground drilling program is to bring the Prairie Creek resource into 43-101 compliance and to define at least 10 years of mine life in the Measured and Indicated categories. These objectives have already been reached and surpassed, as confirmed by the new estimate, and the project can now move ahead with further detailed mine planning and development" Mr. Alan Taylor COO and VP Exploration stated.
Highlights
- Total Measured and Indicated Resources 5.8 million tonnes at greater than 20% combined Pb and Zn
- Measured Resources in Vein increase 73% at 25% combined Pb and Zn with 212g/t Ag
- Indicated Resources in Vein increase 105% at 24% combined Pb and Zn with 212g/t Ag
- Inferred Resource in vein 5.5 million tonnes at 25% combined Pb and Zn with 216g/t Ag
- Average increase of 10% in silver grades
- Confirmation of grade and continuity in a 43-101 compliant resource report
Within the Prairie Creek deposit three types of mineralization were recognized; vein, stratabound and stockwork.
Measured and Indicated Resources Increase
Vein mineralization hosts the majority of the presently defined mineral resource. As a direct result of the recent underground tunnel development creating new vein exposures in drifts and crosscuts the Measured Resource within vein material has now increased by 73% from the previous 542,000 tonnes to 938,624 tonnes grading, 11.63% Pb, 13.11% Zn, 211.89 g/t Ag and 0.465 % Cu.
Indicated resources within vein material have increased by 105% to 2,944,862 tonnes grading 11.16% Zn, 12.67% Pb, 212.39 g/t Ag, and 0.472% Cu. The significant increase in the Indicated resources is directly attributable to the recent underground diamond drill program from the newly established decline tunnel development.
In a similar manner, Measured resources within stratabound mineralization have increased to 611,417 tonnes grading 6.68% Pb, 10.85% Zn and 67.55 g/t Ag. This is also directly related to the recent underground drilling locating new stratabound material. Indicated resources within the stratabound mineralization now stand at 663,261 tonnes grading 5.53% Pb, 10.15% Zn, and 61.99 g/t Ag.
The stockwork resource was downgraded since it was determined that there is currently a lack of sufficient data to generate any meaningful geostatistics.
Total Measured and Indicated resource categories at Prairie Creek now stand at 5,840,329 tonnes grading 9.90% Pb, 10.71% Zinc, 161.12 g/t Ag and 0.326% Cu, which would represent a mine life well in excess of ten years at the planned 1,000 to 1,500 tonnes per day production rate.
Inferred Resources open-ended
In addition, there remains a large Inferred resource, which mostly reports to the Vein, of 5,541,576 tonnes grading 11.43% Pb, 13.53% Zn, 214.80 g/t Ag and 0.514% Cu. "Inferred mineral resources" have significant uncertainty as to their existence, as well as to their economic feasibility. The Inferred resources lie within the Main Zone in an area along strike to the north where there are currently only widely spaced drill holes. The vein remains open along strike to the north and a surface mineral showing lies four kilometres along strike from the last drill hole in the vein.
[continued in following link]
http://biz.yahoo.com/iw/071009/0313107.html
Cramer just pumped ABX.
Said gold going t $1000.
Hope THIS silvermine goes along for the ride!
$3400 Gold. How high Silver?
CZNF has no gold. Too bad.
The Times September 19, 2007
Chief strategist at CLSA predicts record gold run
Leo Lewis in Hong Kong
It would be the biggest run on gold since the attempted French invasion of Britain of 1797 that sent prices through the roof.
The precious metal, long a safe haven for investors, yesterday was predicted by a leading analyst to quadruple within three years as buyers seek shelter from prolonged turmoil in mainstream financial markets.
According to Christopher Wood, chief strategist at the broker CLSA, market ructions and a collapse of the dollar could send gold prices to more than $3,400 an ounce within the next three years. Gold futures last night hit a 28-year high at $733 an ounce, but are more than $100 short of the record. Mr Wood said that the sub-prime conflagration would be the catalyst for a wider breakdown in markets.
However, Wood predicted that investors would soon realise that the sub-prime crisis is simply the catalyst of a much wider breakdown, arguing that it has been the “Archduke Ferdinand assassination event†that sparks a bigger calamity.
This is not a sub-prime crisis. Sub-prime has merely exposed the bigger scam of structured finance; a scam that is about pretending that bad credit is good credit, he said.
Article:
http://www.moneyweek.com/file/28810/why-the-silver-price-is-set-to-soar.html
Why the silver price is set to soar - Money Week
janet,
Not worried about no one talking about Canadian Zinc, as I want to buy more shares.
I have other stocks with excellent managements and very good performances and I'm the only one posting to many of the boards. For instance, I'm up 111% on Bulldog Resources and no one visits that board. Go figure.
http://investorshub.advfn.com/boards/board.asp?board_id=8153
sumisu
ps hope you are having a good weekend
The scariest thing about owning this stock is ...
NOBODY'S TALKING ABOUT IT!
:>(
0.88 UP 0.07 cents!
yeah, baby!
Rally to 0.84 cents.
GOLD "dragging" baby sister, silver, along for the ride.
"golden" lining is right!
I wonder if they have any GOLD in those mines?
janet,
Good find. Unfortunately that sub prime mess has affected many of my stocks and I believe the housing market has a long way to go downward.
Maybe Canadian Zinc's silver will eventually provide a golden lining.
thanks,
sumusi
Gold is skyrocketing ...
wonder how this will affect the price of CZ?
Sprott Asset Management Controls 15.6% of Canadian Zinc Corporation
Tuesday August 21, 1:05 pm ET
http://biz.yahoo.com/ccn/070821/200708210408832001.html?.v=1
TORONTO, ONTARIO--(Marketwire - Aug. 21, 2007) - Canadian Zinc Corporation (TSX:CZN - News; OTCBB:CZICF - News) reports that Sprott Asset Management Inc. ("Sprott") has on August 10, 2007 filed an Initial Report under National Instrument 62-103 disclosing that as at July 31, 2007, Sprott exercised control or direction, on behalf of accounts fully managed by it, over 13,191,833 common shares and 6,542,500 warrants (the "Warrants") of Canadian Zinc Corporation. Based on the number of currently issued and outstanding common shares, and assuming the exercise of the Warrants, Sprott exercises control or direction over 15.6% of the issued and outstanding shares of Canadian Zinc.
Sprott's managed accounts holding the shares and Warrants include: Sprott Canadian Equity Fund; Sprott Bull/Bear RSP Fund; Sprott Hedge Fund L.P.; Sprott Hedge Fund L.P. II; Sprott Master Fund, Ltd., and the Sprott Managed Accounts.
As previously announced, Canadian Zinc recently completed a private placement financing with Sprott for $10,000,250 by the issue of 11,765,000 Units at a price of $0.85 per Unit comprising 11,765,000 common shares and 5,882,500 share purchase warrants, each warrant exercisable at a price of $1.20 per share for a period of two years until July 24, 2009. (See CZN press release July 24, 2007)
In its filing Sprott has stated that it exercises control or direction over all of the common shares and Warrants referred to above in its capacity as portfolio manager of managed accounts and that the securities are being held for investment purposes and depending on market and other conditions, Sprott may from time to time in the future increase or decrease its ownership, control or direction over the shares of Canadian Zinc, through market transactions, private agreements or otherwise.
About Canadian Zinc Corporation:
Canadian Zinc's 100% owned Prairie Creek (zinc/silver/lead) Project, located in the Northwest Territories, includes a partially developed underground mine with an existing 1,000 ton per day mill and related infrastructure and equipment. The Prairie Creek Property hosts a major mineral deposit containing a historically estimated resource of 3.6 million tonnes (measured and indicated) grading 11.8% zinc; 9.7% lead; 0.3% copper and 141.5 grams silver per tonne and 8.3 million tonnes (inferred) grading 12.8% zinc; 10.5% lead and 0.5% copper and 169.2 grams silver per tonne, with significant exploration potential. The deposit contains an estimated, in situ 3 billion pounds of zinc, 2.2 billion pounds of lead and approximately 70 million ounces of silver.
Canadian Zinc has 120,207,950 shares outstanding and is listed on the Toronto Stock Exchange under the symbol "CZN".
Cautionary Statement - Forward Looking Information:
This press release contains 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 resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings and the financial results of the company. 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.
Contact:
John F. Kearney
Canadian Zinc Corporation
Chairman
(416) 362-6686
(416) 368-5344 (FAX)
Alan Taylor
Canadian Zinc Corporation
VP Exploration & Chief Operating Officer
(604) 688-2001 or Toll Free: 1-866-688-2001
(604) 688-2043 (FAX)
Email: invest@canadianzinc.com
Website: http://www.canadianzinc.com
--------------------------------------------------------------------------------
Source: Canadian Zinc Corporation
This is excellent news. It took them at least 4 years of negotiations. Now they can apply for the production permit.
I hope they will come very soon with their 43-101 resource calculation, because that was forseen for these weeks and will be extremely positive.
Nahanni National Park Reserve Expansion-Canadian Zinc's Rights Respected
Wednesday August 8, 4:26 pm ET
http://biz.yahoo.com/ccn/070808/200708080406620001.html?.v=1
TORONTO, ONTARIO--(CCNMatthews - Aug. 8, 2007) - Canadian Zinc Corporation (TSX:CZN - News; OTCBB:CZICF - News) reports that it has been assured by the Government of Canada that in the proposed expansion of the Nahanni National Park Reserve the existing mining and access rights of Canadian Zinc with regard to its Prairie Creek mine will be respected and protected.
The proposed expansion of Nahanni National Park Reserve was announced by Prime Minister Stephen Harper in Ft. Simpson, NWT today. Canadian Zinc has been involved in co-operative discussions with Parks Canada with regard to the plans for Nahanni National Park Reserve. The Prairie Creek mine is not included in the interim land withdrawal area.
John Kearney, Chairman and CEO of Canadian Zinc welcomed the Prime Minister's announcement on the proposed expansion and anticipates that this initiative will bring clarity to the different policy objectives for the area: "Canadian Zinc believes that the Prairie Creek mine and the expanded Nahanni National Park Reserve can coexist and that properly planned and managed the expanded 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.
Parks Canada has been on record for many years as wishing to expand the current boundaries of Nahanni National Park Reserve in order to protect the ecological integrity of the Park including the Canadian Heritage South Nahanni River. In 2005 the Geological Survey of Canada undertook a mineral and energy resource assessment (MERA Study) to evaluate the mineral potential of the proposed expansion area. The results of that study have not yet been made public.
The boundaries of the proposed expanded Park have not yet been finalized and the final boundaries will be determined by the Government of Canada following publication of the MERA Study and consultation with local communities, other stakeholders and Canadians. Canadian Zinc has been assured by Parks Canada that the final boundaries will not include the site of or the access road to the Prairie Creek mine. Canadian Zinc looks forward to actively participating in the consultation process.
Both the interim land withdrawal and the proposed expansion of Nahanni National Park Reserve are directly linked to the Deh Cho First Nations treaty negotiations with the Government of Canada.
Development of the Prairie Creek mine has the support of a great majority of the peoples of the Deh Cho who are badly in need of the jobs, training and business opportunities that the mine will provide, while at the same time being committed to appropriate protection of their traditional lands.
About Canadian Zinc Corporation:
Canadian Zinc's 100% owned Prairie Creek (zinc/silver/lead) Project, located in the Northwest Territories, includes a partially developed underground mine with an existing 1,000 ton per day mill and related infrastructure and equipment. The Prairie Creek Property hosts a major mineral deposit containing a historically estimated resource of 3.6 million tonnes (measured and indicated) grading 11.8% zinc; 9.7% lead; 0.3% copper and 141.5 grams silver per tonne and 8.3 million tonnes (inferred) grading 12.8% zinc; 10.5% lead and 0.5% copper and 169.2 grams silver per tonne, with significant exploration potential. The deposit contains an estimated, in situ 3 billion pounds of zinc, 2.2 billion pounds of lead and approximately 70 million ounces of silver.
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 resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital and mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings and the financial results of the company. 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.
Contact:
John F. Kearney
Canadian Zinc Corporation
Chairman
(416) 362-6686
(416) 368-5344 (FAX)
Alan B. Taylor
Canadian Zinc Corporation
VP Exploration & Chief Operating Officer
(604) 688-2001 or Tollfree: 1-866-688-2001
(604) 688-2043 (FAX)
Email: invest@canadianzinc.com
Website: http://www.canadianzinc.com
--------------------------------------------------------------------------------
Source: Canadian Zinc Corporation
Jan,
You're right; I did have a New York Stock Exchange chart posted. LOL, just testing you!!!
Someday we will see a significant climb in the price of this stock. Not sure how high it will go, but silver should climb very nicely in this inflation environment.
I keep my fingers crossed.
Good luck,
sumi
janet,
Stock charts does not recognize pink sheet stocks, so it is not in their data base. I opted for the Canadian chart, but I could remove it if you like.
sumi
Sumi:
You've got the wrong chart posted. That's an NYSE stock.
I WISH CZICF were $13.00!!
LOL!
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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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