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sumisu:
no problem. I emailed IHUB.
they'll make the change.
:>)
Sumisu:
I don't have an IHUB subscription so I can't send you a private reply.
I don't know how to make you the board assistant.
It probably would be better if you just takeover the CZN board.
Please advise as to how to go about doing this.
Thanks.
J.
janetbg2,
That is an interesting question and I ponder it often.
I believe that the company does not have all permits ready for production at the Prairie Creek Project.
The prospect of this company is bright when permits are ready for mine operation.
Also, silver prices should go very high in the future due to the weakened currencies worldwide.
Zinc and lead will also see great demand in the future. All natural resources will only grow in importance.
I've never personally contacted the company and when time becomes available, I will do so and share my findings with you.
Sorry I cannot be more specific as to your question.
sumisu
SumiSu:
Under what circumstances do you think we'll see CZCF @ $5.00.
How many YEARS do u think it'll take?
More on Sprott:
Ok.
They're clearly bullish on gold.
However, I think they should have some silver articles on their website as well.
(afterall, CZICF is a silvermine!)
http://www.sprott.com/metal.php
Jan,
Sprott is a large private investment firm in Canada.
http://www.sprott.com/index.php
Eric Sprott is the lead person.
Generally it's good when a company is on his radar screen.
Time will tell,
sumisu
Sprott Asset Management Acquires 9.8% of Canadian Zinc Corporation
Tuesday July 24, 3:00 am ET
http://biz.yahoo.com/iw/070724/0281654.html
$10 Million Financing Closed
TORONTO, ONTARIO--(MARKET WIRE)--Jul 24, 2007 -- Canadian Zinc Corporation (Toronto:CZN.TO - News)(OTC BB:CZICF.OB - News) is pleased to report that it has closed the previously announced private placement financing with Sprott Asset Management Inc. for 11,765,000 Units at a price of $0.85 per Unit for total proceeds of $10,000,250. Each Unit consists of one common share and one-half share purchase warrant, each full warrant exercisable at a price of $1.20 per share for two years.
As a result of this transaction Sprott Asset Management on behalf of accounts managed by Sprott now owns 11,765,000 shares representing approximately 9.8% of the Canadian Zinc's outstanding shares. Sprott has stated 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 Corporation, through market transactions, private agreements or otherwise.
At June 30, 2007 Canadian Zinc had approximately $25 million in cash, which following the closing this financing has now been increased to approximately $35 million. The funds will be used for the ongoing surface exploration and underground definition drilling programs on Canadian Zinc's Prairie Creek property.
Canadian Zinc has 120,207,950 shares outstanding and is listed on the Toronto Stock Exchange under the symbol "CZN".
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:
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
Nice Surprise!
Happy Birthday!
:>)
That announcement was a birthday gift to me!!!!!!!!!!
Awesome!
Everything is moving right along!
Canadian Zinc Announces $10 Million Private Placement with Sprott Asset Management Inc.
Wednesday July 18, 3:00 am ET
TORONTO, ONTARIO--(CCNMatthews - July 18, 2007) - Canadian Zinc Corporation (TSX:CZN - News; OTCBB:CZICF - News) is pleased to announce it has agreed to a private placement financing, subject to regulatory approval, with Sprott Asset Management Inc. on behalf of accounts managed by Sprott for $10,000,250 in Units, at a price of $0.85 per Unit, for 11,765,000 Units with each Unit consisting of one common share and one half share purchase warrant, each full warrant exercisable at a price of $1.20 per share for two years.
Upon completion of the financing, accounts managed by Sprott Asset Management Inc. will hold approximately 9% of the Company shares. Sprott has stated 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 Corporation, through market transactions, private agreements or otherwise.
The proceeds from the private placement will be added to the Company's working capital and used for the ongoing exploration and development of the Prairie Creek Mine Project where the Company is currently driving a new exploration decline alongside the main vein that is advancing to the north and where 42 holes of underground drilling totaling 8,217 metres on seven 50 metre sections took place in Phase One over the past six months. The high-grade results, encountered in the drilling of these sections may be reviewed in previous news releases issued over the past six months and filed on SEDAR. (See press releases dated January 9, March 5, March 22, April 24, June 43 and July 5, 2007). The following are selected highlights:
[continued in following link]
http://biz.yahoo.com/ccn/070718/200707180402848001.html?.v=1
Canadian Zinc Corporation: Surface Exploration Drilling Program Commences at Prairie Creek
Thursday July 12, 3:00 am ET
http://biz.yahoo.com/iw/070712/0277129.html
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jul 12, 2007 -- Canadian Zinc Corporation (Toronto:CZN.TO - News)(OTC BB:CZICF.OB - News) is pleased to report the commencement of a surface helicopter supported exploration drilling program, outside the immediate mine area, at the Company's 100% owned Prairie Creek Mine in the Northwest Territories.
Surface Exploration Drill Program
A multi-million dollar helicopter portable diamond drill hole program, designed to further explore the more remote mineralized Zones 7-13 and the Gate Claims which have seen the least amount of exploration to date, is set to commence. The exploration program is expected to last over two months and the first drill pad location has been selected on the Gate Claims.
Mr. Alan Taylor, COO and VP Exploration states "This is the first ever helicopter supported drill program at Prairie Creek. The heli-portable drill rig will enable the Company to explore some of the more remote sites of mineralization that have been known for years but have remained relatively unexplored. The drill targets range from pure grassroots exploration of geochemical anomalies on the Gate Claims, where no previous drill holes exist , to further evaluating historic trenches located in numerous mineral showings which extend along strike up to 10 kilometers from the mine area. This summer exploration program will provide an excellent opportunity to locate additional potential mineral resources."
Titan Drilling Ltd. from Yellowknife have been contracted to carry out this two month multiple hole 3000 meter drill program which will involve a Boyles helicopter portable drill that can be readily moved around the large area of the property. Great Slave Helicopters in partnership with N'ah Adehe Helicopters of Nahanni Butte will provide the helicopter support. Mobilization of materials has already commenced and actual drilling is slated to commence later this week.
Mineral Zones and Showings
On the Prairie Creek property external mineral showings along strike of the mine are located in similar type geology and structural zones to that of the Main Zone. These mineral showings are defined by previous surface trenches, minor drilling and underground tunneling, many of which returned significant zinc, lead, silver and copper values. The showings are referred to as Zones, each separated by approximately a kilometer, which extend both south to Zone 13 and north to the Rico showing over a total strike length in excess of 16 kilometers.
In 2006 a limited drill program was conducted in Zone 8, about 5 kilometers south of the mine site, and produced encouraging results (refer to November 2, 2006 press release) such as hole PC06-167 which reported 2.7 meters of core grading 18.36% lead, 14.88% zinc and 297 gpt silver. Last years drilling was carried out using the company's Longyear skid mounted drills which proved somewhat difficult to place in steep topography, due to the size of the drill rigs. The helicopter portable rig should prove to be much more adaptable to local terrain conditions.
The Gate Claims, located 5 kilometers to the northwest of the minesite, are underlain by a separate but adjacent fault block to that of the Main Zone but still contain the same geological formations which host the base metal mineralization at the Prairie Creek mine site. Past grassroots exploration programs, conducted by Canadian Zinc in 1999 included soil sampling and prospecting, delineated large soil geochemical anomalies of zinc and also discovered a surface vein type showing with significant zinc, lead and silver values. The Company plans to further test the mineral anomalies by diamond drilling the first holes ever on the Gate claims blocks which cover over 5,000 hectares of prospective ground.
Background
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. This historic Mineral Resource is presently being updated to a 43-101 compliant resource with the inclusion of the recent underground drilling results.
The Prairie Creek property consists of mining leases, surface leases and mineral claims totaling over 11,000 hectares of ground. In late 2006 the Company staked six additional mineral claim blocks, four to the north of the mine site in an area with known mineral showings and two along strike of and extending the Gate Claims The defined historic mineral resource (Zone 1, 2, 3, or the Main Zone) is located at the existing minesite. The Main Zone has been the focus of the majority of exploration work to date and is defined by surface and underground drilling along a strike length of over 2 kilometers. Apart from this well defined area the property contains numerous other surface mineral showings which have had little exploration evaluation carried out.
Alan Taylor, P. Geo., Chief Operating Officer & Vice President Exploration and a Director of Canadian Zinc Corporation, is responsible for the 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. 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: czn@canadianzinc.com
Website: http://www.canadianzinc.com
--------------------------------------------------------------------------------
Source: Canadian Zinc Corporation
We're up from the low in March '07 of 0.51, to 0.83 today.
The question is, will we break the May 14, 2007 high of $1.05?
If so, KEWL!
If not, I'm not getting excited about this run.
I guess I'm the only one watching this stock.
:>(
I suspect it won't get on anyone's radar until it hits $5.
Canadian Zinc Drilling
http://www.marketwire.com/2.0/release.do?id=748505
Canadian Zinc Corporation
TSX: CZN
OTC Bulletin Board: CZICF
Jul 05, 2007 03:00 ET
Canadian Zinc Corporation-Underground Drilling at Prairie Creek Mine: Further Vein and Stratabound Mineralization Intersected
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 5, 2007) - Canadian Zinc Corporation (TSX:CZN)(OTCBB:CZICF) is pleased to report drill assay results on the sixth completed section of underground diamond drill holes from the newly established decline tunnel at the Company's 100% owned Prairie Creek Mine in the Northwest Territories. Drilling has been on-going through the 2006/07winter season.
Previous news releases this year dated January 9, March 5, March 22, April 24 and June 4 reported results from the first five completed sections of drilling, Section 50600N, 50650N, 50700N, 50750N and 50850N from the new underground decline.
Underground Diamond Drill Results from Section 50800N
Assay results have now been received for the ring of seven drill holes completed on Section 50800N. All seven holes on Section 50800N intersected vein mineralization and, in addition, PCU-07-41 also reported an intercept of stratabound type mineralization.
--------------------------------------------------------------------------- Prairie Creek Composite Underground Drilling Intersections: Section 50800N---------------------------------------------------------------------------
--------------------------------------------------------------------------- DipHole From Length TT (degr- AgNumber (m) To (m) (m) (m) eesW) Pb% Zn% gm/t Cu% Type---------------------------------------------------------------------------PCU-07-035 107.40 112.00 4.60 4.19 24 7.85 16.61 176 0.548 V---------------------------------------------------------------------------PCU-07-036 99.88 105.08 5.20 5.14 5 8.21 14.45 131 0.353 V---------------------------------------------------------------------------PCU-07-037 104.32 106.43 2.11 1.99 -18 16.97 26.78 287 0.795 V---------------------------------------------------------------------------PCU-07-038 128.49 130.28 1.79 1.48 -34 2.98 2.77 35 0.062 V---------------------------------------------------------------------------PCU-07-039 164.35 167.34 2.99 2.05 -47 9.89 5.99 112 0.218 V---------------------------------------------------------------------------PCU-07-040 238.00 249.19 11.19 5.17 -62 24.35 7.72 242 0.194 V---------------------------------------------------------------------------PCU-07-041 303.99 305.07 1.08 0.97 -73 9.30 19.95 79 0.028 SB---------------------------------------------------------------------------PCU-07-041 305.07 307.38 2.31 1.03 -73 7.12 1.82 57 0.033 V---------------------------------------------------------------------------V equals Vein, SB equals Stratabound, TT equals estimated true thickness
Vein Mineralization
The 50800N section represents an intermediate section between two previously drilled sections and continues to further detail the vein and stratabound mineralization. The targeted vein-fault structure was successfully intercepted in all holes in the new section 50800N.
An apparent trend, at depth, of increasing high lead/zinc ratios and significant vein widths, indicated in section 50850N which is 50 meters to the north, appears to be confirmed. Evidence of this trend is demonstrated by the intercept in Hole PCU-07-040 where the vein overall graded 24.35% lead, 7.72% zinc and 242 gm/t silver through 11.2 meters of core and contained individual lead values of up to 65.04% over 0.8 meters of core. Actual vein widths are still subject to final interpretation however the sub-vertical nature of the vein continues to be defined. The high lead values also appear to correlate directly with higher silver values.
Stratabound Mineralization
Hole PCU-07-041 also intercepted a continuation of high grade stratabound mineralization (20% zinc and 9.3% lead) within the primary host horizon as previously intercepted in Section 50750N and 50850N. The continuation of stratabound mineralization through all six sections drilled to date is encouraging and indicates further stratabound potential as exploration continues to follow this stratigraphy down dip to the north.
2006/07 Underground Diamond Drilling Program
The 2006/07 underground drill program at the Prairie Creek mine is focused on further defining the Main Zone (Zones 1-3) mineralization in order to upgrade the resource category where previous wide spaced surface diamond drilling has outlined a large inferred mineral resource. The bulk of this drilling is targeted on detailing the vein style mineralization, however, some deeper drilling exploring for additional stratabound mineralization are also included.
MineFill Services Inc. of Vancouver visited the minesite during May and has commenced their assessment report which will compile a new independent NI-43-101 resource calculation for the Prairie Creek Mine. The recent data is now being tabulated and will be brought into a new working model to enable this resource calculation to be completed. The report is targeted to be completed later this summer.
Access to underground drilling has been provided through the establishment of the new decline tunnel which was driven during 2006 from the existing lower level underground workings. The decline reached its targeted length in December 2006 and six new drill stations on 50 metre section lines were established. Results from 41 holes totaling 8,217 meters of coring have been reported within six completed and one partially completed sections. This concludes the Phase One of underground drilling from the decline.
During Phase Two underground exploration the decline tunnel will be extended within the hanging wall of the vein a further 250 meters to establish an additional five drill stations. In preparation for this decline extension underground ventilation, electrical, ground support and equipment are now being upgraded and mining of the decline extension is expected to recommence in mid July 2007 with underground drilling of the next five sections expected to recommence about September 2007.
Quality Assurance / Quality Control
The drill core samples were cut by diamond saw and shipped to Acme Analytical Labs in Vancouver for multi-element assay by ICP-ES analysis. Fire Assay for Ag values greater than 50 gpt is pending. Standards, duplicates and blanks were inserted and included in the analysis. Alan Taylor, P. Geo., Chief Operating Officer & Vice President Exploration and a Director of Canadian Zinc Corporation, is responsible for the exploration program, and is a Qualified Person for the purposes of National Instrument 43-101 and has approved this press release.
About Canadian Zinc:
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.
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
=================================================================
CANADIAN ZINC CORP
Canadian Zinc Corporation: Road Permit Approved for the Prairie Creek Project
4/20/2007
TORONTO, ONTARIO, Apr 20, 2007 (CCNMatthews via COMTEX News Network) --
Canadian Zinc Corporation (TSX:CZN)(OTCBB:CZICF) is extremely pleased to announce that the Mackenzie Valley Land and Water Board has granted the Company a Land Use Permit to operate a winter road from the Prairie Creek mine site to the Liard Highway, in the Northwest Territories.
The Mackenzie Valley Land and Water Board ("MVLWB") approved Land Use Permit MV2003F0028 for a period of five years to April 10, 2012. A copy of the Permit has been filed in the Public Registry at the office of the MVLWB.
"The approval of this road permit Is a very important development for the Prairie Creek project", said John Kearney, President & CEO. "Operation of the road will facilitate the resupply of the minesite for the next five years and will enable bulk supplies, especially fuel, and large pieces of equipment to be delivered to the minesite. Until now the only access has been by air to the Company's 3,000 ft airstrip at Prairie Creek, and obviously air transportation has capacity limitations and weather restrictions and is also expensive and inefficient".
The road to the Prairie Creek mine which was first constructed in 1980, is approximately 170 kms long. The road was operated for the following two years, 1981 and 1982, during which time in excess of 700 loads of material, plant, machinery, equipment and supplies were successfully transported to site, and enabled the construction of the extensive infrastructure which is currently in place at the Prairie Creek mine, including a 1,000 ton per day mill, workshops, camp accommodation, mobile and underground equipment, etc. At that time also a feasibility study was completed and all permits to operate the mine and road were obtained.
"Although the road has not been used since 1982 it remains in passable condition with limited overgrowth. The work necessary to reestablish and upgrade the road route is not considered extensive and will be accomplished in the first season", said Mr. Kearney.
Six Permits Granted since 2001
The approval of the Road Permit completes the package of permits required for exploration and development of the Prairie Creek mine.
Since 2001, Canadian Zinc has been granted four Land Use Permits, a Water Licence and now a Road Permit. During this time many aspects of the project have successfully undergone five separate Environmental Assessments (E.A.) completed by the Mackenzie Valley Environmental Impact Review Board (MVEIRB).
Canadian Zinc now holds the following permits for the Prairie Creek project:
- Land Use Permit for underground exploration and development - valid to September 2008 and renewable.
- Land Use Permit for surface diamond drill exploration within 1,000 metres of the minesite - valid to November 2008
- Land Use Permit for surface diamond drill exploration anywhere within the 16 kilometer long Prairie Creek property - valid to May 2011.
- Water Licence (Type B) for water and waste management and pilot mill operation - valid to September 2008 and renewable
- Road Land Use Permit for winter overland access - valid to April 2012.
Together these current permits enable Canadian Zinc to carry out all of its planned surface exploration, underground development and metallurgical testing work, which will in turn enable completion of revised resource calculations and a new feasibility study. Rehabilitation, upgrading and modernization of the mill and other infrastructure can also be carried out in preparation for production.
With the approval of the Road Permit, the only remaining permit required for the commencement of production is a Type A Water License for the operation of the mine and mill which would allow for the production of lead and zinc concentrates. The Project Description Report ("PDR") for this Licence application has been prepared and is being reviewed and discussed with various Government bodies and Regulatory agencies. The Company plans to file the application for this Licence with the Mackenzie Valley Land and Water Board following completion of these reviews and discussions.
About Canadian Zinc:
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.
SOURCE: Canadian Zinc Corporation
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 (416) 368-5344 (FAX) Email: invest@canadianzinc.com Website: www.canadianzinc.com
Copyright (C) 2007 CCNMatthews. All rights reserved.
CPAWS.org doesn't want them there.
I don't know how old this article is, but here goes ..
http://www.cpaws.org/nahanni/threat/prairie-creek.php
CPAWS.org | Prairie Creek Mine
It IS surprising isn't it?
I read somewhere CZICF has $24 million in CASH!
Go figure!
For now, we'll just keep it our little "secret".
Frankly, I consider ourselves lucky that we were able to get in on the ground floor.
IMHO, CZICF is one of those stocks where, in a few years, people will be kicking themselves asking; "why didn't I KNOW about this stock before".
LOL!!
Based on the little experience I have with IHUB, I think most posters here prefer PENNY stocks.
They want stocks under 0.05 cents, that will go to .90 cents in a few months; then everyone takes their profits, and the stock drops to 0.00. Typical pink sheet BS ... they want a get-rich-quick scam.
CZICF is a long term investment. I have this in my IRA.
I just started the board because, for those who want to hold a "gold-mine" ... or in this case, a silver-mine, I believe CZICF is a terrific stock to have in one's "treasure chest".
We may not get a lot of message board activity here, but I do hope we get a lot of profits!
Look at a 2 year chart of Aquiline Resources (AQI).
Then think "CZICF".
:>)
I must say, I'm surprised that this board just started today.
I recently began doing DD on this company and today decided to see what people were saying here. I'm blown away that the board was just started today! What are the odds.
Anyway, in the few days I've been researching, I like what I've learned so far. I was hoping to get more insights here, but I guess that'll have to wait. Where are all the Canadian Zinc investors?
I'll be back in a couple of days.
Canadian Zinc Reports First Quarter 2007 Results
- Continuing Successful Drilling at Prairie Creek Project
Last Update: 4:02 PM ET May 15, 2007
VANCOUVER, BRITISH COLUMBIA, May 15, 2007 (MARKET WIRE via COMTEX) -- Canadian Zinc Corporation (CA:CZN: news, chart, profile) reports filing its Financial Statements for the quarter ended March 31, 2007. The net loss for the quarter was $64,468 compared to a net loss of $155,146 in the first quarter of 2006. The improvement is attributable to higher interest income on cash invested.
The winter 2007 exploration program at the Prairie Creek project was very successful with $1.7 million invested in exploration and development during the quarter up from $250,500 in the first quarter of 2006.
In April 2007, the Mackenzie Valley Land and Water Board granted the Company a Land Use Permit to operate a winter road from the Prairie Creek mine site to the Liard Highway.
At March 31, 2007 the Company had cash and short term investments of $27.6 million.
This press release should be read in conjunction with financial statements and the notes thereto for the quarter ended March 31, 2007. The financial statements and additional information relating to the Company, including Management's Discussion and Analysis is available on SEDAR at www.sedar.com or on the Company's website at www.canadianzinc.com.
Exploration Success in Underground Drilling:
The underground exploration and development program started in 2006 when a new decline was driven about 400 meters from the end of the pre-existing workings on the 870 meter level.
Six new drill stations were established at 50 meter spacings along the decline from which it is planned to drill up to 10,000 meters of underground exploration drilling in about 50 holes. By March 30, 2007 25 holes were completed totaling 5,212 meters of drilling.
The results to date from the underground drilling are considered very encouraging. A total of 24 of the first 25 holes drilled intersected significant grade mineralization and many holes had multiple intercepts. The grades within the vein mineralization are particularly strong with grades up to 56% combined lead and zinc with 10 oz/ton silver and increasing vein widths. New additional stratabound mineralization was also intersected in eight of the holes with multiple intercepts. Of particular note was the intersection of stratabound sulphide mineralization in the most northern holes drilled so far that test the stratabound host horizon, which indicates excellent potential of locating more stratabound mineralization as this stratigraphy continues further down dip. For full details of the drilling results from the underground program please refer to Canadian Zinc's press releases dated October 24, 2006, December 6, 2006, January 9, 2007 March 5, 2007 March 22, 2007 and April 24, 2007 (see table of interim underground drill results attached).
Plans for 2007 include continuing the ongoing underground exploration and infill drilling program at the Prairie Creek property. It is expected that the underground drilling will continue through to June 2007.
It is also planned to continue the new decline by a further 250 meters to provide additional drilling access to the deeper parts of the Prairie Creek orebody. The objective of this program is to better define the historical mineral resource in the Main Zone and further explore for additional resources outside the currently known resource area. The bulk of this drilling is targeted on detailing the vein style mineralization, however, some deeper drilling exploring for additional stratabound mineralization is also involved. Minefill Services Inc. of Vancouver have been retained to complete an independent resource calculation for the Prairie Creek deposit upon completion of the underground drilling program.
Continued Progress in Permitting - Road Permit Approved
The Company is extremely pleased to report that the Mackenzie Valley Land and Water Board has approved a Land Use Permit to operate a winter road from the Prairie Creek mine site to the Laird Highway. The permit is valid for a period of five years to April 10, 2012.
The road to the Prairie Creek mine which was first constructed in 1980, is approximately 170 kms long. The road was operated for the following two years, 1981 and 1982, during which time in excess of 700 loads of material, plant, machinery, equipment and supplies were successfully transported to site, and enabled the construction of the extensive infrastructure which is currently in place at the Prairie Creek mine, including a 1,000 ton per day mill, workshops, camp accommodation, mobile and underground equipment, etc.
The approval of this road permit is a very important development for the Prairie Creek project. Operation of the road will facilitate the resupply of the minesite for the next five years and will enable bulk supplies, especially fuel, and large pieces of equipment to be delivered to the minesite. Until now the only access has been by air to the Company's 3,000 foot airstrip at Prairie Creek, and obviously air transportation has capacity limitations and weather restrictions and is also expensive and inefficient.
The approval of the Road Permit completes the package of permits required for exploration and development of the Prairie Creek Mine.
Since 2001, Canadian Zinc has been granted four Land Use Permits, a Water Licence and now a Road Permit. During this time many aspects of the project have successfully undergone five separate Environmental Assessments (E.A.) completed by the Mackenzie Valley Environmental Impact Review Board (MVEIRB).
Canadian Zinc now holds the following permits for the Prairie Creek project:
- Land Use Permit for underground exploration and development - valid to September 2008 and renewable;
- Land Use Permit for surface diamond drill exploration within 1,000 meters of the minesite - valid to November 2008;
- Land Use Permit for surface diamond drill exploration anywhere within the 16 kilometer long Prairie Creek property - valid to May 2011;
- Water Licence (Type B) for water and waste management and pilot mill operation valid to September 2008 and renewable;
- Road Land use Permit for winter overland access - valid to April 2012.
Together these current permits enable Canadian Zinc to carry out all of its planned surface exploration, underground development and metallurgical testing work, which will in turn enable completion of revised resource calculations and a new feasibility study. Rehabilitation, upgrading and modernization of the mill and other infrastructure can also be carried out in preparation for production.
With the approval of the Road Permit, the only remaining permit required for the commencement of production is a Type A Water Licence for the operation of the mine and mill which would allow for the production of lead and zinc concentrates. The Project Description Report ("PDR") for this Licence application has been prepared and is being reviewed and discussed with various Government bodies and Regulatory agencies. The Company plans to file the application for this Licence with the Mackenzie Valley Land and Water Board following completion of these reviews and discussions.
About Canadian Zinc:
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.
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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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