InvestorsHub Logo

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating
profile icon
Renee PremiumMember
04/13/23 6:49 PM
profile icon
Renee PremiumMember
02/23/22 9:44 AM
profile icon
Oliverjack Free
03/07/21 12:37 PM
profile icon
Oliverjack Free
03/02/21 8:05 AM
profile icon
Renee PremiumMember
09/09/20 9:29 AM
profile icon
stockfinder123 Free
03/05/20 10:17 PM
profile icon
stockfinder123 Free
12/24/19 4:29 PM
profile icon
stockfinder123 Free
05/19/19 3:49 PM
profile icon
ORCA PremiumMember
04/01/19 12:56 AM
profile icon
ORCA PremiumMember
02/08/19 10:14 AM
profile icon
stockfinder123 Free
02/08/19 10:04 AM
profile icon
stockfinder123 Free
12/12/18 9:41 AM
profile icon
stockfinder123 Free
12/06/18 11:31 AM
profile icon
stockfinder123 Free
11/09/18 12:37 PM
profile icon
stockfinder123 Free
10/16/18 12:01 PM
profile icon
stockfinder123 Free
09/14/18 11:56 AM
profile icon
stockfinder123 Free
08/16/18 9:46 AM
profile icon
stockfinder123 Free
08/09/18 11:46 AM
profile icon
stockfinder123 Free
07/02/18 10:08 AM
profile icon
stockfinder123 Free
06/05/18 11:10 AM
profile icon
stockfinder123 Free
05/30/18 2:42 PM
profile icon
stockfinder123 Free
05/01/18 4:17 PM
profile icon
stockfinder123 Free
04/25/18 11:01 PM
profile icon
stockfinder123 Free
04/06/18 12:41 PM
profile icon
stockfinder123 Free
04/04/18 10:52 AM
profile icon
stockfinder123 Free
03/19/18 12:45 PM
profile icon
stockfinder123 Free
03/15/18 11:18 AM
profile icon
stockfinder123 Free
03/07/18 9:40 AM
profile icon
stockfinder123 Free
03/05/18 11:26 AM
profile icon
stockfinder123 Free
03/05/18 11:24 AM
profile icon
Alexulf Free
02/28/18 12:42 PM
profile icon
stockfinder123 Free
02/27/18 1:02 PM
profile icon
Rob~daBanca PremiumMember
02/21/18 2:58 PM
profile icon
Alexulf Free
02/21/18 7:19 AM
profile icon
Alexulf Free
02/21/18 7:04 AM
profile icon
Alexulf Free
02/19/18 4:56 PM
profile icon
Alexulf Free
02/13/18 5:48 PM
profile icon
Silver Surfer Free
02/13/18 5:23 PM
profile icon
Ivar-the Boneless Free
02/13/18 3:21 PM
profile icon
Giantsgal22 Free
02/12/18 7:57 AM
profile icon
Alexulf Free
02/12/18 7:12 AM
profile icon
Alexulf Free
02/11/18 6:24 AM
profile icon
Alexulf Free
02/10/18 6:22 AM
profile icon
Alexulf Free
02/09/18 3:53 PM
profile icon
stockfinder123 Free
02/01/18 8:50 AM
profile icon
stockfinder123 Free
01/31/18 11:09 AM
profile icon
stockfinder123 Free
01/31/18 10:16 AM
profile icon
Alexulf Free
01/23/18 11:25 AM
profile icon
Alexulf Free
01/18/18 6:41 PM

Peakbirch Logic Inc. (PKBFF) RSS Feed

Followers
8
Posters
17
Posts (Today)
0
Posts (Total)
121
Created
02/03/17
Type
Free
Moderators

A mineral exploration and development company focused on discovering large-scale sedimentary-exhalative (SEDEX) zinc deposits

Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) is a mineral exploration and development company based in Vancouver, BC. Kootenay Zinc is engaged in the discovery of large-scale sedimentary-exhalative (SEDEX) zinc deposits and is ideally located near its chief target, the Sully Property, which comprises 1,375 hectares and is situated 18 miles east of the renowned Sullivan Mine, which is one of the largest known SEDEX deposits in the world. The Sully Property also overlies rocks that have a similar age and origin as those hosting the Sullivan deposit.

Out of the 22 raw materials the Bloomberg Commodity Index tracks, zinc was the top performer in 2016 and has been making an indelible mark in the metals exchange. The outlook for this commodity is very promising, as zinc is the base metal most closely tied to the Chinese economy and the global supply deficit continues to increase. Demand and prices are anticipated to increase even further in the coming few years, putting even more strain on the world's zinc supply, which places Kootenay Zinc in a highly favorable position.

Investment Highlights
- Company's Sully Project is located near, and shares geological features with, the legendary Sullivan Mine
- Global zinc supply deficit continues to increase, with a 360,000 ton shortage predicted for 2017
- Rising zinc prices surpassed $2,500 per metric ton in first half of 2017
- Zinc was the top 2016 performer among 22 raw materials tracked by Bloomberg Commodity Index
- Zinc is the most closely tied base metal to Chinese economy, with demand and prices expected to rise through 2020

 


Sully Project

Kootenay Zinc's Sully Project is a promising exploration target located just 30 km from the legendary Sullivan Mine and could be poised to become the next Sullivan Mine. The Sully Project shares some geological features with the Sullivan Mine, which operated for about a century and was one of the largest SEDEX silver, zinc and lead deposits in the world. Over the course of its approximate 100 years in operation, the Sullivan Mine produced 17 million tons of lead and zinc and produced 337 million ounces of silver from 150 million tons of feed. At today's prices, the Sullivan mine's production would be valued at US $49 billion.

The Sully Project boasts geological features that might indicate a massive SEDEX deposit. The sedimentary rocks that host the Sullivan Mine are also present at the Sully Project and represent different environments of the exact same basin. It appears the same stratigraphic level at which the Sullivan Mine was deposited also coincides with the Sully Project's East gravity anomaly. A subtle lead-zinc soil anomaly may reflect leakage up faults and dispersion through thick till and alluvium from a deposit that is entirely buried.

A Cominco airborne geophysical survey has shown two N-S trending magnetic anomalies underground at the Sully Project that are up to nearly 2 miles long (1.86) and about 0.62 of a mile apart. They are near-coincident with the gravity anomalies.

To date, drilling at the Sully Project has been a near miss. Initial surveying indicated a shallow mass was narrowly missed by drilling in 2004. Work performed since that time indicated the target was deep. Downhole temperature and magnetic field readings in 2014 indicated the target may have been missed by just 100 meters.

Geochemical data shows anomalous Zn (zinc) and Pb (lead) in the soil at the Sully Project, which is possible leakage on structures related to the East mass. Targeting this East mass is the next step for Kootenay Zinc, and new gravity data have confirmed and better defined the mass. The company has commenced a drilling program to target the East mass.

 


Why Zinc?

Goldman Sachs has called zinc "the bullish exception in the metals space" and predicts a 360,000 ton worldwide shortage of zinc in 2017. Zinc prices have already surpassed Goldman Sachs' forecast that price would reach $2,500 per metric ton in the first six months of the year.

The global demand for zinc is increasing, which could push prices even higher. In August 2016, the closure of several zinc mines was announced in China, which is the world's largest producer of zinc as well as its largest zinc consumer. Because of such closures, zinc supplies are falling as demand is rising, and mining companies are rushing to find new zinc reserves. However, it will take years for new mines to come online. Meanwhile, those who can locate the best zinc deposits with the shortest ramp-up time, or expand their current zinc reserves, could see their stock value skyrocket.

As 2016's top performer of the 22 raw materials tracked by the Bloomberg Commodity Index, zinc has been making history in the metals exchange. There is now tremendous excitement in the zinc market as supply constraints in concentrates and refined metal drive the value of zinc higher.

Worldwide zinc production was at more than 13 million tons in 2013, with 60 percent of this zinc being used for galvanizing to protect steel from corroding, thus significantly prolonging the life of steel products. About 15 percent of the world's zinc goes into producing zinc base alloys, primarily for supplying the die casting industry. Fourteen percent goes toward producing brass and bronze, while 8 percent goes into producing compounds like zinc oxide and zinc sulfate. The rest is zinc alloys, primarily rolled, which are used in semi-manufactured applications like coinage and architectural applications.

Zinc is converted by first-use suppliers into a wide variety of products. The largest application area is construction, with 45 percent of all first-use zinc products. Transportation is next, with 25 percent of worldwide zinc consumption, and consumer goods accounts for 23 percent of global zinc consumption, including electrical and electronic appliances. The final 7 percent goes toward manufacturing industrial machinery.

Zinc continues making history in the metals exchange as prices and demand soar, favorably positioning Kootenay Zinc.

Goldman Sachs forecasts the zinc shortage to widen to 360,000 tons in 2017. As the deficit widens, the value of zinc will continue to ascend.

 


Leadership

Kootenay Zinc is led by directors and an advisory board that currently lead some of the world's best mining companies and have been involved in world-class discoveries which sold for billions of dollars. The technical team includes industry experts that have experience with mega-mining projects including the Sullivan and Voisey Bay projects.


David Schmidt, Director & CEO

David Schmidt completed his Bachelor of Applied Science (Mining) at the University of British Columbia in May, 2000, and since then has been working as a self-employed consultant to mineral exploration companies. He assists with financings, corporate and financial disclosure and corporate development. Schmidt is also currently a director of several other public companies.

Anthony Jackson, Director & CFO

Anthony Jackson is a Principal at BridgeMark Financial Corp. providing administration, corporate compliance, and financial reporting activities to public and private companies. Jackson is also founder of Jackson & Company Chartered Accountants assisting private and public companies with full service accounting and tax functions. Prior to his time at BridgeMark, Jackson spent a number of years working at Ernst & Young LLP while obtaining his CA designation before moving onto work as a senior analyst at a boutique investment banking firm. Most recently Jackson has had extensive experience as a director and CFO of numerous publicly traded corporations in the metals and mining industry. Jackson holds a Bachelor of Business Administration degree from Simon Fraser University and the professional designation of Chartered Accountant (CA), where he is a member of the BC and Canadian Institute of Chartered Accountants.

Hugh Rogers, Director

Hugh Rogers is a lawyer and businessman with broad private and public company experience. In the past several years, he has focused on corporate restructuring, distressed asset transactions, and early stage venture financing in a number of industries including mineral exploration, power generation, digital technology and biotechnology. He is a member in good standing of the Law Society of British Columbia and a director of Coronado Resources Ltd. and MCorpCx, Inc. and VP-Finance of 3D Signatures Inc.

Jay Sujir, Chairman of the Board

Jay Sujir is a partner at the law firm of Farris Vaughan Wills and Murphy LLP and has been a director and chairman of numerous natural resource companies over the past 20 years.

ADVISORY BOARD

Peter Meredith
Peter Meredith has been a director of Ivanhoe Mines Ltd. (formerly, Ivanplats Limited) since May, 1998. Meredith is the former deputy chairman and chief financial officer of Ivanhoe Mines Ltd. (now Turquoise Hill Resources Ltd.), where he was involved in overseeing the company’s business development and corporate relations. Meredith was member of the board of directors of Ivanhoe Mines and also served as its chief financial officer from June 1999 to November 2001, and from May 2004 to May 2006, and as its deputy chairman from May 2006 to April 2012. Meredith was also chairman of South Gobi Resources Ltd. until September, 2012.

Jonathan Rubenstein
Jonathan Rubenstein is the chairman of Mag Silver Corp., a director of Detour Gold Corp. and a director of Eldorado Gold Corp. He is also vice president, corporate secretary and a director of Andagan Resource Corp. In 2001, Rubenstein was one of the founders of Canico Resources Corp., where he served as a director, vice president and corporate secretary as the company acquired, explored and developed its Onc¸a Puma nickel deposit in Brazil. Rubenstein was instrumental in the negotiations for the 2005 acquisition of Canico by CVRD of Brazil for $941 million. As vice president, corporate affairs for Sutton Resources, he also played a key role in negotiating the $525 million takeover of that company by Barrick Gold Corp. in 1999.

Stuart (Tookie) Angus
Stuart Angus is an independent business advisor to the mining industry. He is the former chairman of the board of B.C. Sugar Refinery Ltd. and was a director of First Quantum Minerals until June 2005, a director of Canico Resources Corp. until its takeover by CVRD in 2005, and a director of Bema Gold until its takeover by Kinross Gold in 2007. More recently, Angus was managing director of mergers and acquisitions for Endeavour Financial, a director of Ventana Gold until its takeover by AUX Canada Acquisition in 2011, and a director of Plutonic Power until its merger with Magma Energy in 2011. He is currently chairman of Nevsun Resources Ltd., which operates one of the highest-grade open-pit copper mines in the world. He is also the current chairman of K92 Mining Inc.

TECHNICAL TEAM

Paul Ransom (P. Geo), Sully Project Manager
Paul Ransom is a geologist and noted Sullivan SEDEX deposit expert, having worked for over 33 years with Cominco, now Teck Resources Limited. Much of his career was spent at Sullivan related to the regional geology. Ransom has authored and/or co-authored 10 papers on geology of the Sullivan deposit. He also spent 1.5 years as a project geologist under secondment to Mt. Isa Mines in Australia, another large- scale copper, lead, zinc and silver mine. Ransom managed drilling Sullivan Deeps and has worked extensively elsewhere in the Kootenay region of B.C. He has also worked in the Yukon, NWT, Nunavut, Quebec and Nova Scotia. Ransom’s passion for finding other mega-SEDEX deposits has been a career-long pursuit.

Dr. David Broughton, Phd Geo., Senior Technical Advisor
Dr. David Broughton joined Ivanhoe Mines in January 2008 and has overseen Ivanhoe Mines’ discovery of two major mineral deposits, Kamoa in the DRC and the Flatreef in South Africa. Dr. Broughton is recognized as an expert in sediment-hosted copper deposits, and has been a key participant in several discoveries and successful development projects. (DRC), Namibia, China, United States, Canada and Poland. He was co-leader of the Kamoa discovery team that is the 2015 recipient of the Prospectors & Developers Association of Canada’s (PDAC) prestigious Thayer Lindsley Award. This award, honoring the memory of one of Canada’s greatest mine finders, recognizes an individual or a team of explorationists credited with a recent significant mineral discovery.

Brian Jones P.Geophys, Geophysicist
Brian Jones and Excel Geophysics are noted gravity experts and consultants, having completed notable large-scale surveys for mineral exploration and resource estimates, including the Voisey’s Bay Project. Inco Ltd. purchased Diamond Fields Resources Ltd. which owned the Voisey’s Bay Project for $4.3 billion.

 

 


Kootenay Zinc Corp.
Suite 800
1199 W. Hastings St.
Vancouver, BC
Canada V6E 3T5
Phone: (604) 833-6999
www.kootenayzinc.com

NetworkNewsWire
1324 Lexington Ave.
Suite 117
New York, NY 10128
Phone: (212) 418-1217
www.NetworkNewsWire.com

 

NetworkNewsWire is a moderator of this board. Please see disclaimer on the NetworkNewsWire website: https://www.networknewswire.com/disclaimer/

Volume:
Day Range:
Last Trade Time:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
PKBFF Latest News
  • No Recent News Available for this company!
New Post