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.
Our first pick for the commodity sector in 2018 is a zinc play!
Zinc and copper are going to be in high demand, but only one is facing a severe annual deficit and supply shortage, which is why we should be increasing our exposure to zinc while they are still dirt cheap.
Kootenay Zinc has a very big potential; we are talking a world-class
discovery. A possible 10-bagger (at least) within 6 months is a fairly good guess.
The stocks undervalued status, makes this a excellent entrypoint.
Both Canadian and OTC-stockexchange is trading this stock. Tradingvolume is a bit higher on the canadian-stockexchange, that can be a plus.
We stopped at 0,070 canadian dollars yesterday, at the moment we have 0,080, a 14% gain. We will se what happens during the tradingday, good luck all.
Kootenay Zinc, is hot again. Take a look at the trading pattern lately -
you will see the technical indication; "strong buy".
Now is the time they can start deliver news again; there has not been much drilling there lately, beacause of the weather conditions.
The season for work on the property is off and now we will see a strong anticipation - I reckon some "older" investors will be back again, as well as new ones will arrive for this mega project; get the zinc-jackpot !
With the experience from last season, I think they know much more now. It takes time to get to know all of the property - and each time you drill a new hole... it`s not cheap, lucky for us they are well financed and ready to get down to it.
So, you came (back) here... nice. Things are changing and we start the thread all over again. One thing, so I don`t forget it; study the material posted from the companies website - it`s still relevant and you will get the big picture.
What you don`t like and/or have questions about, dig in to do your own due dilligence.The first impression is sometimes right, then again - maybe not.
To make a investment in whatever, one likes to know about the background as well as where are they going... can I trust these guys ?
Finally, this is after all a exploring business - one can`t be sure of success at the end of the day. Sure, we have a good property and a excellent team on all levels; still, will it be a producing mine one day ?
Time will tell, right now it looks good !
When you talk about zinc, some people get a "sleepy look" in there eyes.
Boring ! I don`t agree, when one study the topic closer, there is so much to learn... and so many applications.
I will not get to much in to the subject here and now, I just want to say; it`s worth googling and you might even want to invest in it one day (if you`re not a shareholder now).
If so; consider "Kootenay" as one way to invest in this metal. They have a top notch team on this project. Look in to there former experiences and you will be impressed; these guys have been around and we (shareholders) are with the best in the game.
When you consider what topic (within "Kootenay") you want to write about,
you have plenty to choose from; the property, the management, shareholders view, etc. Still, it all boils down to what you feel is most important.
What count is, we write beacause we have something to say; "I`m here, listen to me!" In a community like this, we are several thousands
of members. We are from many places; inside the U S A and also outside.
One should always remember - there is 2 sides of everything. To be able to listen on what others are saying/writing; even if you don`t agree. Or, if it`s to difficult... let it be. Write your own opinion, that is enough.
Hi good people, so we are back now. It has been quiet about this stock for some time now... yet,that is about to change !
First of all; the technical chart is pointing upwards - and there is a
good reason for that; now they are more active at the property/company again (means more news, means more trading of the stock).
The weather conditions is a bit of a challenge; depending on how tough
the various seasons get. At times you want it really cold for be able to truck your way to the property, other times not so much depending on what jobs you`re planning to execute.
The main thing at the moment; this thread is alive and kicking again -
let`s work togheter with keeping it going and growing . I´m sure we will have interesting times ahead of us with Kootenay Zinc Corp.
KTNNF...what no trades today, or yesterday, or...where's the pumping when we need it.
KTNNF..will we see sub .02 next week? Go pumpers!!!
KTNNF...soon to test .02 for a new low
KTNNF...another new low...break below .03
KTNNF plunges thru support?..again...below .04
KTNNF breaks .05...on the downside?
http://thecse.com/sites/default/files/investorx/ZNK/1709221512313780.pdf
What does it mean?
KTNNF down again...and again...and again.
We want to hear about KTNNF...not about world supply/demand. Where's the beef?
ZINC!
How Did Investors Miss This Boom?
Dear member,
We warned (here and here) in the first half of the year that substantially zinc prices were coming... even as far back as Q4 2012 we published a lengthy piece documenting our thesis behind higher future zinc prices. It's a metal that, when examining the global production landscape five years ago, we knew would boom out of its hibernation...
In October of 2012, when zinc traded for approximately $0.84 per pound, we stated,
"The reality that zinc is heading into a supply deficit within 12-18 months is the reason we are writing you this week. We are not going to miss out on this opportunity. Once these zinc mines across the world, which are scheduled for shut-down, close their doors forever it will be too late to begin the search for viable zinc assets of the next generation. The big players move ahead of trends. They don't join them. The preparation for a shortfall won't begin in 2014, when the supply deficit is expected to hit, but long before that. In fact, it is happening right now."
Today, zinc's price is exploding, with upward momentum appearing nowhere close to completion.
Much has been driving the frenzied buying activity for zinc - from mine closures to rising demand and falling supply in China. Relevant of late are signs the global economy is surging. Led by business optimism rising the most in 37 years in the United States, countries are reporting relatively strong growth the world over. Zinc, as detailed in our writings, is directly tied to economic output.
Global Economic Growth on the Uptrend
U.S. Q2 GDP came in at 2.6%
Canada's Q1 GDP came in at 3.7%
Japan Q2 GDP, 4%
China beat estimates reporting 6.9% Q2 GDP growth
Even the anemic and often forgotten E.U. put up GDP of 2.2% in Q2, compared with the same quarter of last year.
Naturally, this widespread economic growth is bullish for base metals and is resulting in multi-year highs for many.
On May 28th, we published a zinc-themed Weekly Volume - This Metal Could Crush Fossil Fuels. The article highlights the ongoing commercialization and future potential of rechargeable zinc batteries. While steel production is still the driving force for zinc, new sources of demand can drive investor sentiment. Zinc, copper and other traditional base metals, such as nickel, are surging to the fore of the sexy clean energy market.
Zinc price surge after Pinnacle Digest notifications
A few weeks later, on June 19th, as the price of zinc hit a multi-month low, we urged our subscribers to look closely at the base metal's fundamentals. In Investors Miss Out While Majors Acquire, we wrote that,
"Zinc, the fourth most mined metal in the world, has seen its demand steadily increase for decades. The metal is primarily used to galvanize steel, but its use in agriculture as a fertilizer to increase the productivity of soil has increased markedly in recent years. New potential applications in renewable clean energy batteries add a blue sky component to the demand side as well..."
And that,
"As more people consume greater quantities of resources every year, the search for profitable zinc mines will intensify."
Our article broke down the world's top 4 zinc mines to come online and highlighted that they are all located outside North America.
To learn about the four mines being upgraded and brought online, as well as the supply and demand fundamentals surrounding the zinc market, click here.
N.B. One caveat to rising zinc prices is Glencore. The Swiss commodity behemoth is a producer and trader of the metal. The company announced significant zinc production cuts in 2015. If Glencore reactivates even some of its offline capacity, it could send a temporary shockwave to the market.
China | Still Driving Force for Zinc
For many industrial metals, the developing world, specifically China, accounts for the bulk of demand. CNBC reported on May 19th that,
"China's refined zinc output marked its lowest in more than two years in April as the impact from the closure of major mines in places such as Australia and Ireland stifled the concentrate supplies China relies on to churn out finished metal.
The nation's 'war on pollution' has also curbed output as Beijing clamps down on mining and heavy industry in a drive to clear its skies."
Our mid-June report was a prescient warning given this week's major headline about zinc.
Shanghai skyline
China's poor air quality has tarnished its economic brand globally and created domestic health concerns which the government fears could spark an uprising. With the desire of being viewed as a leading, modernized, renewable energy focused nation, China is aggressively cracking down on antiquated mining practices. This has led to dozens of mine shutdowns and disrupted global supply for several commodities.
Image: Shanghai skyline
A UBS analyst out of Melbourne confirmed in an August 21st Reuters article that,
"Closing old and inefficient steel capacity in the 26 + 2 cities is set to cut production by 50 percent and aluminum by 30 percent, before mills and smelters elsewhere in China lift output to compensate."
Furthermore,
"(This)... is driving positive sentiment right now."
Back in May, we wrote that "...supply tightened after China reportedly shut down power to 26 zinc and lead mines in the Hunan Province amid safety and environmental concerns last year."
The Chinese government fears nothing more than an uprising by its people. As a result, it is acutely focused on economic growth and the living standards within its borders. A downturn in either and there are tens of millions, if not hundreds of millions, who could turn on them.
Today's concern for the Chinese people is air pollution; and the government is working overtime to improve it as poor air quality has resulted in thousands of lives lost in China every month. The Guardian reported, "Physicists at the University of California have found 1.6 million people in China die each year from heart, lung and stroke problems because of polluted air."
In a June article, titled China's Tangshan starts new campaign to implement steel cuts, Reuters reported,
"The major Chinese steel city of Tangshan has launched a fresh crackdown on mills that illegally restart production or violate industry overcapacity rules, according to a notice published by the China Iron and Steel Association..."
The article went on to confirm that, in Tangshan alone, the government "aims to close around 8.6 million tonnes of annual production capacity this year."
Finally,
"Hebei aims to cut major emissions by more than 15 percent by 2020 and will step up efforts to force local industries to meet their pollution targets for 2017, the official Xinhua news agency reported, citing a local government plan..."
China is curbing steel production at a time when demand is surging. According to a news.com.au article from August 7th, "Chinese rebar steel futures jumped 4 per cent to their highest in four years..."
These factors are specifically pushing zinc and nickel prices higher. Nickel traded at a multi-month high this past week.
6 month nickel price
Copper Signals Global Economy Set for Growth
Unsurprisingly, copper, also known as Dr. Copper for its price reflecting the state of the global economy, is performing exceptionally well amidst the current surge in global growth. This past week, futures for September delivery climbed above $3 per pound - the highest since November of 2014.
According to Mining.com,
"Copper's 2017 year to date gains in percentage terms now top 19% and the red metal has recovered 55% in value after falling to six-year lows below $2.00 a pound in January last year."
Positive sentiment from the U.S. economy to Japan and even the E.U. are spurring demand.
Mining truck in copper mine in Chile
Open pit copper mining operation in Chile, the world's largest producer of the base metal. China is the second biggest copper producing nation in the world.
Copper mines, plagued with strikes and bad weather, have lost nearly 10% of production in the first quarter of 2017. A major contributor was Escondida, the world's largest copper mine, which endured a 43-day strike earlier this year. Freeport McMorRan's Grasberg copper mine, the world's second largest, is currently enthralled by a worker's revolt. Reports are sketchy, but disgruntled workers have clashed with security forces. In Copper price rallies after Grasberg violence,
"Reuters reports at least seven people were injured and dozens of vehicles and buildings torched."
Copper Prices Remain in Uptrend
Copper spot price
All of these metals, in addition to gold which hit $1,300 last week, are benefiting from a weak U.S. dollar. With Trump keeping the greenback in check, and the global economy rebounding, raw materials and commodities are the assets to own at the moment. As zinc majors begin to report huge profit margins amidst the highest prices in over a decade, expect interest in the sector from generalist investors to pick up. That's when you look to take some off the table.
All the best with your investments,
PINNACLEDIGEST.COM
Does pumper Josh Yafa ring a bell?
Come on guys,,,when's the pump? I want to dump!
Any word on drilling...before the weather turns too cold?
Zinc hits 10-year high as illegal production drops in China
Peter Kennedy, Stockhouse Featured Writer
0 Comments| August 16, 2017
The price of zinc traded at a 10-year high of US$1.37 a pound on Wednesday.
The move has been attributed to the reduction in illegal production capacity in China, which has also provided support for the price of lead.
Lead’s three-month price has also been ticking up recently with news that UN Sanctions on NK could reduce China’s lead concentrates supply by 10%, Scotiabank said in a report.
Zinc is primarily used for galvanizing steel to protect against weather and corrosion. Zinc can also improve crop yields and crop quality.
Analysts have been bullish on the outlook for zinc because a number of major producers have recently run out of ore, leaving the market with a growing supply deficit and shrinking inventories.
Wednesday's move has also been attributed to the impact of Chinese infrastructure spending, which has also caused the price of steel to rally.
Shares of Canadian zinc mining giant Teck Resources Ltd. (TSX: T.TECK.B, Forum) jumped 2.9% to $29.13 on Wednesday.
image: http://www.stockhouse.com/media/news-images/charts/zinc-price.png
image: http://www.stockhouse.com/media/news-images/charts/zinc-price.png
Click to enlarge
Read more at http://www.stockhouse.com/news/newswire/2017/08/16/zinc-hits-10-year-high-as-illegal-production-drops-china#mMuZpZsz6Kt4K5Tk.99
Read more at http://www.stockhouse.com/companies/bullboard/v.moon?postid=26588202#JiuMRIPUFuLx95Uh.99
Another down day for Kootenay Bay! Pump it soon.
Another week for record stock transactions...ZERO. What's happening at Sully?
How low can it go? Another 17% down. When will we see the pump?
Now begins the excuses...too steep, forest fire, bad weather, labor shortage, headache, vacation...
Kootenay Zinc suspends E3 drilling at Sully
Kootenay Zinc Corp (C:ZNK)
Shares Issued 22,064,294
Last Close 7/20/2017 $0.09
Friday July 21 2017 - News Release
Mr. David Schmidt reports
SULLY PROJECT - E3 TARGET DRILLING UPDATE
Kootenay Zinc Corp.'s Sully project team has recently made two attempts to drill the E3 target from a location on the steep slope above and east of the target -- both holes experienced bad drilling conditions. Drilling was suspended before testing the zone to minimize the potential loss of equipment and to minimize costs. An alternative drill site has recently been identified and selected. It is near the valley bottom and provides an opportunity to drill E3 toward the east, roughly perpendicular to bedding and where surface outcrops indicate ground conditions will likely be more favorable.
Considerable infill gravity surveying has been done near the E3 anomaly. That work shows the anomaly appears to consist of several separate causes that mass modeling indicates have strike and depth dimensions of approximately 100 to 200 meters. Drilling should determine if these represent fault segments of a once continuous massive deposit. As described previously, drill testing will establish a 'proof of concept' and validity of the gravity geophysics technique in this area where work to date indicates several similar masses are likely present at each of E2, E4 and the West Target.
Results have been received from 88 soil samples collected on contour lines that cover the area from about the mid-point of the E3 and north through E4 gravity anomalies. This brings the total number of soil samples analyzed in 2017 to 120. Since the 1980s 873 soil samples have been analyzed for lead and zinc either by atomic absorption or, since 2000, by ion coupled plasma techniques. Several samples anomalous (mean plus two standard deviations of the 873 samples) in zinc are located along the trend or downslope of outlines of the 3 km-residual gravity anomalies E3 and E4. Other soil anomaly clusters up slope have not been covered by gravity surveying.
Newly mapped outcrops on the slope above and below (east and west) of the E3 area confirm structural trends previously documented. However, outcrops north and south of the E3 gravity anomaly area along the road used to access the E15/16 drill site are cut by numerous faults at differing orientations that are probably part of a narrow north trending zone that contributed to the drilling difficulties encountered.
Forest fire hazard conditions in the East Kootenays are now high, like that seen in other parts of the province and are not predicted to change in the next 30 days. Industrial activities (including the use of excavators and drills) are now restricted and will likely be banned by a closure order in the coming days. The drill was removed from the property and will be brought back when available and when forest fire risk is substantially lowered.
About Kootenay Zinc Corp.
Kootenay Zinc Corp. is a mineral exploration and development company based in Vancouver, British Columbia that is presently targeting the Sully Property. The Company is focused on discovering large-scale sedimentary-exhalative ("SEDEX") deposits.
The Sully Property comprises 1,375 hectares located approximately 30 kilometres east of Kimberley, B.C., and overlies rocks of similar age and origin as those which host the world-class Sullivan deposit, owned by Teck Resources Ltd. Sullivan was discovered in 1892, and is known to be one of the largest SEDEX deposits in the world. Over its 100-year lifetime, Sullivan produced approximately 150 million tons of ore, including approximately three hundred million ounces of silver, eight million tons of zinc and eight million tons of lead. The equivalent level of strata as at Sullivan and that formed on the margin of that same basin are present at the Sully Property. The Company cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully Property.
The scientific and technical information contained in this news release has been reviewed and approved by the Company's Project Manager, Paul Ransom, P.Geo., a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
We seek Safe Harbor.
Almost a month since drilling commencement...what's the news?
Let's pump this sucker and make some money.
When will we se some serious pump action? I want some profits.
KTNNF Announces Commencement of Drilling at Sully Property
Mineral exploration and development company Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) today announced that its drilling contractor, FB Drilling Ltd., has mobilized to the E3 Target on its Sully Project and has commenced drilling. Ongoing exploration activities are focused on the discovery of sedimentary exhalative (SEDEX) deposits, which serve as the most important source of a number of ores, including zinc, lead and barite. As previously reported, the E3 target at the 1,375-hectacre Sully Project located in British Columbia, Canada, features a promising gravity anomaly. This anomaly will be tested for the first time as part of these drilling efforts. Kootenay outlined its forward strategy in today’s news release. “Initially, two holes will assess the near surface (less than 300m deep) portions of the target to potentially identify, and provide proof of concept as to the source of what causes the gravity anomalies identified at Sully.”
To view the full press release, visit http://nnw.fm/ZI3mc
About Kootenay Zinc Corp.
Kootenay Zinc Corp. is a mineral exploration and development company based in Vancouver, British Columbia that is presently targeting the Sully Property. The Company is focused on discovering large-scale sedimentary-exhalative (“SEDEX”) deposits. The Sully Property comprises 1,375 hectares located approximately 30 kilometres (18 miles) east of Kimberley, B.C., and overlies rocks of similar age and origin as those which host the world-class Sullivan deposit, owned by Teck Resources Ltd. Sullivan was discovered in 1892, and is known to be one of the largest SEDEX deposits in the world. Over its 100-year lifetime, Sullivan produced approximately 150 million tonnes of ore, including approximately three hundred million ounces of silver, eight million tonnes of zinc and eight million tonnes of lead. The equivalent level of strata as at Sullivan and that formed on the margin of that same basin are present at the Sully Property. The Company cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully Property. For more information visit www.kootenayzinc.com.
KTNNF Exploration Expands as China Winds Down Refined Metals Production
Experts say China could soon look to import refined metal as its available zinc concentrate continues to fall, per a May 2013 Economic Times report (http://nnw.fm/v8PAW). The falling demand there for steel galvanization is partly to blame; a national crackdown on industrial pollution is helping to drive this decline as well. A decline in refined zinc output from 43,400 tonnes in March 2017 to 41,300 tonnes in April 2017 has been noted by the National Bureau of Statistics, and refined metal production has been affected by major mine closures in Australia and Ireland. In contrast to Chinese production cuts, Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) has stepped up its exploration efforts to meet a global demand for zinc imports.
In a recent press release (http://nnw.fm/2k1MI), the company reported that China boosted its refined zinc imports 21 percent year-over-year while, according to Reuters, zinc ore and concentrates shipments rose 44 percent. These are just a few statistics proving the importance of Kootenay Zinc Corp.’s step up of zinc exploration. The Vancouver-based company is expanding its exploration program at its Sully Property, which is 18 miles east of one of the world’s largest mineral deposits, the legendary Sullivan Mine.
Although the renowned Sullivan Mine closed in 2001 after nearly 100 years in operation, geological data thus far suggests Kootenay Zinc’s Sully Project shares many of the same geological features. These are known for sedimentary exhalative, or SEDEX deposits, that fed the original mine’s 17 million tons of lead and zinc obtained over its operating life. Both locations also reside in the same basin; the company has already seen evidence of a lead-zinc soil anomaly cause by a buried deposit. Minerals may be being leaked up through faults and dispersed amongst the till and alluvium.
An aerial survey also found magnetic anomalies up to two miles long in the area. Exploration efforts continue as these nearly coincide with gravity anomalies. A drilling effort in 2004 may have missed the main deposit site by about 100 meters, according to downhole readings of the local magnetic field and temperature, taken in 2014. Testing has continued into June 2017, when a Kootenay Zinc Corp. exploration update (http://nnw.fm/5kQc1) revealed that scientific observations were ongoing. These included gravity surveying, soil geochemistry sampling, and interpretation and mass modeling. In addition to drilling preparations, road and access preparations were ongoing at the site. The company has been focused on the E3 drilling target, which appears to be a more attractive drilling target compared to the extensively measured and analyzed E1 site.
In fact, outcrop samples have been taken from multiple sites for assay; at two of them, zinc values were above 10,000 parts per million, per a soil geochemical survey in June. Several other samples at the base of the slope were in the 150 to 300 parts per million range. The Sully property is currently 1,375 hectares, or nearly 3,398 acres, in size, and located in British Columbia, where Kootenay continues its mineral exploration and development efforts.
To find out more about Kootenay Zinc Corp. and the company’s exploration efforts at Sully, visit www.KootenayZinc.com
KTNNF Steps Up Exploration to Help Solve Global Zinc Shortage
With demand constantly on the rise and the recent closing of several mining operations in China, the global shortage of zinc has grown exponentially. The zinc shortage is expected to widen to 360,000 tons this year (http://nnw.fm/wp6L4), according to market analysts, but the figure might grow further in wake of China’s decision to completely halt production as part of a nationwide environmental crackdown on the local steel industry. Major zinc exploration projects such as Canadian mining company Kootenay Zinc Corp.’s (CSE: ZNK) (OTCQB: KTNNF) Sully property could have a major impact on the global output of zinc and significantly narrow the offer-demand gap.
Responsible for roughly 50 percent of the global zinc output, China has been relying heavily on imports in recent months, further putting strain on the dwindling supply of the metal. China is both the largest consumer and producer of zinc, accounting for roughly five million tons of output before the crackdown. Zinc prices have also been more volatile in recent months, after reaching an all-time high of $3,000 a ton in February of this year and now settling to approximately $2,400-$2,500, as initially forecast by experts last year.
Despite the price drop, zinc remains one of the most attractive investment opportunities on the metals market, with mining companies rushing to expand current reserves or discover new ones in view of helping solve the global shortage problem. Additionally, any mining company that will release large volumes of zinc on the market could certainly make a sizeable profit and see its stock value soar.
Vancouver-based zinc mining and development corporation Kootenay Zinc Corp. is set to capitalize on the current market situation when it fully begins extraction operations at its massive Sully Project. Located just 30 miles (18 kilometers) from the legendary Sullivan Mine, the Sully Project seems to meet all the conditions for a highly successful zinc extraction operation, with all tests so far indicating the presence of a large deposit. Sully shares several geological features with the Sullivan Mine, which was one of the world’s largest deposits of silver, lead and zinc. Some of these features include: being in the same sedimentary basin, having the exact stratigraphic time horizon, gravity anomaly indicating excess mass at Sully comparable to Sullivan, Pb-Zn present in drill core, outcrop and soil geochemical anomaly.
Kootenay Zinc Corp. has not issued any estimate as to how much zinc it expects to extract at Sully, but all signs point to the presence of a massive SEDEX deposit in the area. The project is being managed by Paul Ransom, a reputed geologist and Sullivan SEDEX deposit expert who has worked with several other mega-deposits throughout his career. It should be noted that the nearby Sullivan Mine, which was in operation for roughly 100 years, produced 17 million tonnes of zinc and lead and 337 million ounces of silver prior to its closing in 2001. The estimated value of Sullivan’s total output, calculated at current price values, was roughly $49 billion.
To find out more about Kootenay Zinc Corp. and the company’s exploration efforts at Sully, visit www.KootenayZinc.com
KTNNF Offers Update on Sully Project Exploration
Mineral exploration and development company Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) this morning issued an update on its exploration activities and upcoming drill testing at the Sully project. Notably, field programs have continued through May and early June with a specific focus on the company’s E3 target, including detailed gravity surveying, interpretation and mass modeling, prospecting and mapping, soil geochemistry sampling, drilling preparations and road/access preparations. Excel Geophysics recently completed interpretation and mass modeling of this new data, identifying a “well-defined, sizeable and discreet anomaly at this target location.” Brian Jones, principle of Excel Geophysics, noted E3’s attractiveness as a drilling target in the news release. “E3 has emerged as a strong geophysical target,” he stated. “Now it needs to be tested.” Per the update, a drill site at the E3 target has already been identified, and preparations are currently underway to mobilize FB Drilling of Cranbrook, British Columbia, in order to identify the source of the gravity anomalies.
To view the full press release, visit http://nnw.fm/Z7tDT
About Kootenay Zinc Corp.
Kootenay Zinc Corp. is a mineral exploration and development company based in Vancouver, British Columbia that is presently targeting the Sully Property. The Company is focused on discovering large-scale sedimentary-exhalative (“SEDEX”) deposits. The Sully Property comprises 1,375 hectares located approximately 30 kilometres (18 miles) east of Kimberley, B.C., and overlies rocks of similar age and origin as those which host the world-class Sullivan deposit, owned by Teck Resources Ltd. Sullivan was discovered in 1892, and is known to be one of the largest SEDEX deposits in the world. Over its 100-year lifetime, Sullivan produced approximately 150 million tonnes of ore, including approximately three hundred million ounces of silver, eight million tonnes of zinc and eight million tonnes of lead. The equivalent level of strata as at Sullivan and that formed on the margin of that same basin are present at the Sully Property. The Company cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully Property. For more information visit www.kootenayzinc.com.
KTNNF Steps Up Exploration Efforts in Wake of Chinese Production Cuts
As China recently increased its import of zinc in the wake of production halts – part of an environmental crackdown on China’s steel industry – global zinc prices subsequently soared. With worldwide zinc inventories already under pressure due to increasing demand, China’s efforts to curb zinc and nickel production will likely continue significantly impacting the global supply, and zinc exploration corporations like Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) are hastening to step up their efforts to find deposits and help slake this global shortage.
“China’s move is likely to drive zinc demand even higher. According to the International Lead and Zinc Study Group, demand for the metal is already exceeding supply, and the difference is expected to reach 226,000 tons this year (http://nnw.fm/4Jn0I). To help meet the rising demand, Canada’s Kootenay Zinc Corp. has already taken steps to expand its exploration program at its Sully property in British Columbia. The property is located near the legendary Sullivan Mine, which was one of the world’s largest reserves of zinc, with an output of over 17 million tons of zinc and lead until it was closed down in 2001. Kootenay’s Sully Project is located 18 miles from Sullivan, and both properties share different environments of the same basin.”
To view the full article, visit http://nnw.fm/eEs3W
About Kootenay Zinc Corp.
Kootenay Zinc Corp. is a mineral exploration and development company based in Vancouver, British Columbia that is presently targeting the Sully Property. The Company is focused on discovering large-scale sedimentary-exhalative (“SEDEX”) deposits. The Sully Property comprises 1,375 hectares located approximately 30 kilometres (18 miles) east of Kimberley, B.C., and overlies rocks of similar age and origin as those which host the world-class Sullivan deposit, owned by Teck Resources Ltd. Sullivan was discovered in 1892, and is known to be one of the largest SEDEX deposits in the world. Over its 100-year lifetime, Sullivan produced approximately 150 million tonnes of ore, including approximately three hundred million ounces of silver, eight million tonnes of zinc and eight million tonnes of lead. The equivalent level of strata as at Sullivan and that formed on the margin of that same basin are present at the Sully Property. The Company cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully Property. For more information visit www.kootenayzinc.com.
KTNNF Has Star Prospectors on the Job at the Sully Project
In the modern world, zinc plays second fiddle to iron. About half of the blue-white or blue-gray metal mined is used in coating iron to prevent the latter from rusting, a process known as galvanization. However, it is clear from archaeological discoveries that zinc had a much more important role in earlier times. For example, brass artifacts dated before 1000 BCE have been found in Palestine. Brass is a metal alloy composed of copper and zinc. Given zinc’s venerable past, the Kootenay Zinc Corporation (CSE: ZNK) (OTCQB: KTNNF) is betting the lustrous mineral will continue to have an important role in the future. A sextet of star prospectors is guiding the British Columbia-based junior exploration and mining company as it continues its quest for the metal with atomic number 30.
Supplies of zinc have been contracting since late 2015, when a number of major mines were closed or were winding down operations. In April 2015, Vedanta Resources announced that it would close its Lisheen Mine in Ireland. The last shipment from the mine in Tipperary County took place in January 2016, according to this report (http://nnw.fm/17ZYv) in the Irish Times. Lisheen was Europe’s second largest zinc mine with a capacity of around 175,000 tons. Then, in October 2015, Australian-Chinese concern MMG Limited (HKG: 1208) announced (http://nnw.fm/fz3MR) that, after 16 years, mining at Century, Australia’s largest open-pit zinc mine, had “completed” in August 2015. At one time the world’s third largest zinc mine, Century was still producing around 465,696 tons, or 3.5% of global zinc output, in its last full year. Also in October 2015, the Anglo-Swiss mining giant Glencore said it would cut zinc production across its mines worldwide by 500,000 tons, about one-third of its annual output, according to CNBC (http://nnw.fm/sVmG0).
That wasn’t the end of it. Zinc mines in China were also shuttered. A 2016 report (http://nnw.fm/0I62g) disclosed that Beijing has ordered the shutdown of a number of zinc mines in Hunan Province, the center of Chinese production, owing to safety and environmental concerns. However, at the same time as these supply constraints multiplied, demand was set to increase, since China’s gargantuan infrastructural One Belt, One Road initiative was gathering pace. Formally announced by President Xi Jinping in 2013, the global project is expected to increase demand for steel and, consequently, zinc. As a result, analysts at Goldman Sachs wrote in a research note recently that “Zinc Has by Far The Most Bullish Supply Side Dynamic”, according to several reports.
As Kootenay continues its search for zinc at the Sully property, a 1,375 hectare concession located near Kimberley, B.C., it has enlisted the talent of six star prospectors. Making up that illustrious sextet are Peter Meredith, Jonathan Rubenstein, Stuart (Tookie) Angus, Paul Ransom, David Broughton and Brian Jones.
Peter Meredith sits on the advisory board. He is a current director of Ivanhoe Mines Ltd. and a former deputy chairman and CFO. The chairman of Mag Silver Corp., Jonathan Rubenstein is also on the advisory board, as is Tookie Angus, the current chairman of zinc producer Nevsun Resources Ltd., which operates one of the highest-grade open-pit copper mines in the world.
The technical team includes Paul Ransom, a geologist and noted Sullivan SEDEX deposit expert. He worked for 33 years at the Sullivan Mine and Cominco (now Teck Resources). Ransom has also authored and/or co-authored 10 papers on the geology of the Sullivan deposit. He is Sully Project Manager. Dr. David Broughton, senior technical advisor, is also on the technical team. He is a recognized expert in sediment-hosted copper deposits and spearheaded the discovery of two major mineral deposits, Kamoa in the Democratic Republic of Congo (DRC) and the Platreef in South Africa for Ivanhoe Mines. The technical team also includes Brian Jones (Excel Geophysics), a noted gravity expert involved in high profile, large-scale surveys for mineral exploration and resource estimates, including the Voisey’s Bay Project.
The Sully property is hosted in rocks of similar age and origin as those of the legendary Sullivan deposit. Located only 18 miles (30 kilometers) east of Kimberley and the Sullivan Mine, Kootenay’s star team could strike zinc any day.
For more information, visit the company’s website at www.KootenayZinc.com
KTNNF Targeting the Next Legendary Mine
The production, longevity, and riches are legendary; 337 million ounces of silver and more than 17 million tons of lead and zinc were produced during nearly a century of operation. Today’s value of the minerals taken is nearly $50 billion dollars. Put in perspective, the nine million tons of lead produced during its lifetime by the astonishing Sullivan Mine in British Columbia was enough lead to manufacture 500 million lead-acid batteries for automobiles, and the mine also produced enough zinc, eight million tons, to supply the zinc content in 160 million cars.
In addition to a treasure trove of minerals, the Sullivan Mine provided immense ancillary benefits to mine employees and surrounding communities. It’s estimated that Sullivan paid in excess of $5 billion in wages and benefits and another $20 billion in direct contribution to the local economies, such as taxes, payments to suppliers and the purchase of local services. Economists postulate that Sullivan’s $20 billion in direct contributions equated to three times that amount in indirect effects (local retail, services, housing, education, etc.), or another $60 billion added to the economy. These are unquestionably impressive contributions from the Sullivan Mine, which remains the largest SEDEX deposit uncovered to date.
SEDEX, or sedimentary exhalative deposits, are ore deposits formed when hydrothermal fluids enter a water reservoir, such as an ocean, and discharge minerals. Geology validates the value of SEDEX deposits, which have proven to be a major source of high grade minerals including copper, silver, gold and tungsten, as well as being the world’s single most important source of both lead and zinc.
The value of high grade SEDEX deposits is further crystallized by looking at the increasing value of the underlying minerals. The intrinsic nature of silver and gold are overshadowed by the current shortage and increased global demand for zinc. Zinc prices have exploded over 60 percent this year, to $1.17 per pound in May 2017 from $0.70 per pound one year ago, and zinc appears to be poised to break even higher due to a projected shortage of about 500,000 tons this year. Zinc is indispensable in building materials, automotive, galvanized steel and the production of batteries.
With the famed Sullivan Mine shut down, attention has now turned to what may become the planet’s next legendary SEDEX deposit. In line with these efforts, Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) is ramping up exploration of its Sully Project. Located just 18 miles from Sullivan, the same sedimentary rocks that host Sullivan are present at Sully and could be different environments of the same basin. Paul Ransom, respected geologist and noted Sullivan SEDEX deposit expert, has called the Sully Project, “…the best exploration target of Sullivan Size that I have seen in my (33 year) career.”
So far, drilling efforts at the Sully Project have been deemed a very near miss, and Kootenay Zinc has undertaken the necessary steps to target what may well become the world’s next great SEDEX deposit.
For more information, visit the company’s website at www.KootenayZinc.com
KTNNF to Step Up Exploration Efforts following Chinese Production Cuts
Zinc prices soared over the last few days after top consumer China increased imports of the metal in wake of the country’s halting production as part of an environmental crackdown on the local steel industry. The Asian nation’s move to curb zinc and nickel production is likely to have a significant impact on global supply, with inventories already under pressure from growing demand and currently at about 342,675 tons (roughly 20 percent lower than last year), according to Reuters (http://nnw.fm/DfJX0). Zinc exploration corporations such as Vancouver-based Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) are already exploring ways to step up efforts to find deposits so as to help meet the global demand for zinc.
Refined zinc imports to China jumped 21 percent year-over-year last month, reaching 47,469 tons (http://nnw.fm/50jCY). Similarly, shipments of zinc ore and concentrates increased by 44 percent, Reuters said. This led to a significant increase in zinc prices, with the London Metal Exchange benchmark zinc closing up one percent at $2,658 per ton earlier this week – the highest since the beginning of the month.
Nickel prices also soared to $9,395, the highest in three weeks, as a result of growing Chinese imports. The halt in Chinese nickel production is unlikely to have a major impact, since the country accounts for only four percent of global supply. The situation, however, is significantly different when it comes to zinc, as the Asian nation accounted for at least 38 percent of global production before the crackdown. Both nickel and zinc are used in the steel manufacturing process – zinc for galvanized steel and nickel for stainless steel.
It is yet unclear how much of the country’s zinc and nickel production will be affected by the crackdown, but industry sources say the government is shutting down all steel mills that emit excessive pollution, along with zinc and nickel mining operations. Several of these operations might be reopened if they are found in compliance with environmental regulations, the sources added.
China’s move is likely to drive zinc demand even higher. According to the International Lead and Zinc Study Group, demand for the metal is already exceeding supply, and the difference is expected to reach 226,000 tons this year (http://nnw.fm/4Jn0I).
To help meet the rising demand, Canada’s Kootenay Zinc Corp. has already taken steps to expand its exploration program at its Sully property in British Columbia. The property is located near the legendary Sullivan Mine, which was one of the world’s largest reserves of zinc, with an output of over 17 million tons of zinc and lead until it was closed down in 2001. Kootenay’s Sully Project is located 18 miles from Sullivan, and both properties share different environments of the same basin.
For more information, visit the company’s website at www.KootenayZinc.com
KTNNF Aims for Strike at Sully Project Amid Global Zinc Shortage
It is a prime time to be in the zinc mining business, and Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) is poised to profit in the midst of a continuing global zinc shortage and simultaneously booming prices.
As recently reported (http://nnw.fm/3lzC3), the price of zinc rose to $1.17 per pound and $2,628 per metric ton as of May 2017, representing a 60 percent increase over the previous year’s prices. This exceeded already propitious predictions that a deeper worldwide shortage would send zinc prices soaring as high as $2,500 per metric ton over the course of 2017 (http://nnw.fm/QXe2r).
The current imbalance in the global zinc market is partly attributed to the 2016 shutdown of a number of zinc mines in China — the world’s largest producer of zinc, as well as its biggest consumer. Major zinc mines in other parts of the world have been experiencing declining ore supplies, as well, which is further credited as contributing to the shortage.
Seeking to cash in on the current global zinc shortage and price hike and to help meet the growing demand, KTNNF recently reported that it is expanding its active search for zinc at its Sully Project, which is located in British Columbia, Canada, just 18 miles (30 kilometers) from the legendary Sullivan Mine. The company recently reported it has completed three exploration holes at the site and that its project team is extending its survey efforts to the property’s west anomaly, including conducting state-of-the-art gravity mapping.
The Sully Project boasts shared geologic features with the famed Sullivan Mine, and the sedimentary rocks that host the Sullivan Mine are present at Sully, representative of different environments of the same basin. So far, geologic data indicates that the Sully Project shares the same stratigraphic level at which the Sullivan Mine was deposited, and it appears to coincide with the East gravity anomaly at the Sully Project. A subtle lead-zinc soil anomaly could reflect leakage up faults and dispersion through thick till and alluvium from an entirely buried deposit. A Cominco airborne geophysical survey has shown two N-S trending magnetic anomalies underground that are up to almost two miles long (1.86), that are approximately 0.62 miles apart, and that are near-coincident with the gravity anomalies.
So far, drilling efforts at the Sully Project have been a very near miss, meaning a strike may not be far away. Initial surveying at the project indicated that drilling conducted in 2004 only narrowly missed a shallow mass there. Work performed since then indicated the target was deep. The target may have been missed by just 100 meters, according to downhole temperature and magnetic field readings taken in 2014. KTNNF has initiated a drilling program and is targeting this East mass, which has been confirmed and better defined by new gravity data.
For more information, visit the company’s website at www.KootenayZinc.com
KTNNF Featured in Exclusive Audio Interview by NetworkNewsWire
Multifaceted financial news and publishing company NetworkNewsWire (“NNW”) this morning announced the online availability of an exclusive audio interview with mineral exploration and development company Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF). In the interview, Stuart (Tookie) Angus, an independent business advisor to the mining industry and member of Kootenay Zinc’s advisory board, offers listeners a run-down of the company’s current operations. Kootenay Zinc is currently focused on the discovery of zinc ore at its mineral property located near the famous Sullivan Mine, which was previously one of the world’s largest zinc/lead/silver deposits, producing over $49 billion worth of metal. “We are about 30 kilometers, or 18 miles, from the mine, with a current drill program underway to try and discover [an extension] for the Sullivan Mine deposit,” Angus noted in the NNW interview. “We have a number of different anomalies that we’re going to test. The truth serum in this business is the drill bit. We’re going to go in there and bravely drill to see if we can find what we hope is there.” The full interview can be head at http://nnw.fm/D72Sc.
To view the full press release, visit http://nnw.fm/C22sW
About Kootenay Zinc Corp.
Kootenay Zinc Corp. is a mineral exploration and development company based in Vancouver, British Columbia that is presently targeting the Sully Property. The company is focused on discovering large-scale sedimentary-exhalative (“SEDEX”) deposits. The Sully Property comprises 1,375 hectares located approximately 30 kilometres east of Kimberley, B.C., and overlies rocks of similar age and origin as those which host the world-class Sullivan deposit, owned by Teck Resources Ltd. Sullivan was discovered in 1892, and is known to be one of the largest SEDEX deposits in the world. Over its 100-year lifetime, Sullivan produced approximately 150 million tonnes of ore, including approximately three hundred million ounces of silver, eight million tonnes of zinc and eight million tonnes of lead. The equivalent level of strata as at Sullivan and that formed on the margin of that same basin are present at the Sully Property. The Company cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully Property. For more information, visit http://www.kootenayzinc.com.
KTNNF Looks at Lustrous Future as Zinc Futures Climb
The future of the Kootenay Zinc Corporation (CSE: ZNK) (OTCQB: KTNNF) has turned as lustrous as the metal it is mining. As zinc futures continue to climb, the company is intensifying its exploration activities at the Sully Project, located close to the shuttered Sullivan Mine, one of the world’s largest SEDEX deposits ever discovered. There are increasing indications from ground magnetic and gravity (MAG) data that ‘there is a magnetic component to the gravity masses’ surveyed, the company recently reported. Zinc, although not itself magnetic, has the peculiar property of being repelled by a magnetic field. Now, Kootenay Zinc Corporation may be on the brink of repeating the glory days of the Sullivan Mine, once operated by Canada’s largest diversified resource company, Teck Resources.
The Sullivan Mine has entered the annals of legend. Located in Kimberley, British Columbia, Canada, it was discovered in 1892 by Pat Sullivan and three other prospectors in search of lead and silver. For the four, the find turned out to be a most serendipitous jackpot. They discovered an ore body so rich that the settlement that grew up around it later saw its name changed from Mark Creek Crossing to Kimberley, after the famous diamond mine in South Africa.
Sullivan proved to be a mammoth SEDEX deposit. Sedimentary exhalative (SEDEX) deposits are created when hydrothermal fluids (basically hot water mixed with gases) cool and minerals, dissolved at the higher temperatures, are precipitated.
From the start of mining until its closure in 2001, Sullivan produced approximately 150 million tonnes of ore, including three billion ounces of silver, eight million tonnes of zinc and eight million tonnes of lead, worth, in today’s dollars, about $49 billion. The mine also produced substantial amounts of antimony, bismuth, cadmium, copper, gold, indium, iron, sulphur, tin, and tungsten. During WW1, Sullivan provided the allies with vital supplies of lead for munitions.
Zinc futures on the Chicago Mercantile exchange (CME) are especially healthy. Delivery for May 2017 is priced at $2,602.00 per tonne, rising to $2,612.00 for September, $2,617.00 for December, and $2,621.00 for April 2018. A confluence of falling supply and rising demand is driving the price appreciation. A recent Goldman Sachs report touted the metal as a ‘bullish exception among metals’, according to Bloomberg. The investment bank expects zinc prices to go up because of ‘tightening supply and robust demand in China’.
James West, in his MidasLetter report (http://nnw.fm/QKc8Y), is also bullish, given the critical use of zinc for producing galvanized steel in conjunction with the ongoing pressures to improve America’s infrastructure.
The Sully Property comprises 1,375 hectares located near Kimberley, B.C., and it overlies rocks of similar age and origin as those that host the world-class Sullivan deposit. Kootenay Zinc’s Sully Project lies 30 miles east of the Sullivan property.
Veteran geologist, Paul Ransom, who spent over 30 years working at the old Sullivan Mine, stated, “The Sully Project presents the best exploration target of Sullivan Size that I have seen in my career.”
For more information, please visit www.kootenayzinc.com.
Links
“The Sully Project presents the best exploration target of Sullivan Size that I have seen in my career.”
ZNK website: http://www.kootenayzinc.com/project
Kootenay Zinc’s Sully Project lies 30 miles east of the Sullivan property.
Midas Letter: https://www.midasletter.com/2017/03/kootenay-zinc-corp-hunts-teck-resources-ltds-sullivan-doppelganger/
“The Sully Property comprises 1,375 hectares located approximately 30 kilometres east of Kimberley, B.C” Kootenay Zinc Corp. Announces Geophysical Update on Sully Project
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Third-Party Content Disclaimer
The content above is based on Third-Party Content and the NNW website may contain articles and other content submitted by third parties, including, but not limited to, articles submitted through the NNW Premium Partnership Program. The opinions and other statements expressed by such third parties are theirs alone and do not express the views and opinions of NNW or its affiliates. Content created by third parties is the sole responsibility of such third parties, and NNW does not endorse or guarantee the accuracy and completeness of all third-party content. You acknowledge that by providing you with a portal providing you with the ability to view third-party content through the NNW site, NNW is not undertaking any obligation or assuming any liability relating to such third-party content. NNW and its members, affiliates, successors, assigns, officers, directors, and partners assume no responsibility or liability that may arise from the third-party content, including, but not limited to, responsibility or liability for claims for defamation, libel, slander, infringement, invasion of privacy and publicity rights, fraud, or misrepresentation. Notwithstanding the foregoing, NNW reserves the right to remove third-party content at any time in its sole discretion.
KTNNF Gives Investors Plenty of Reasons to Think Zinc
Zinc is the fourth most widely consumed metal in the world and is found everywhere in daily life. Zinc prices increased around 60 percent last year to become one of the very best performing metals in 2016. Both Goldman Sachs and The World Bank project higher prices for zinc in 2017 and 2018 because of increased demand and serious global production deficits. Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) just may be sitting on the mother lode of zinc (http://wealthresearchalerts.com/).
Zinc is ubiquitous with a multiplicity of important uses. Roughly 50 percent of zinc is used in making protective coatings for steel. Galvanizing gives the finished coated product the strength and durability of steel with the corrosion resistant properties of zinc. About four million tons of zinc are used annually to protect around 100 million tons of steel, which represents about half the total world consumption of zinc.
Seventeen percent of zinc is used as an alloy. Zinc combined with copper forms brass, which is combined with other metals to form materials for use in automobiles, electrical components and household fixtures. Zinc is consistently the most frequently used alloying material, and most applications contain 10 to 40 percent zinc. Another 17 percent of zinc is used in die-casting, which is the process of forcing liquid metal under pressure into a hollow casing causing the liquid metal to take the shape of the mold. Die casting with zinc is a very economical, fast, and precise method for making common metal parts. Zinc die castings are used in bathroom fixtures, as parts of appliances, as parts of cars and in almost all electronic equipment.
Six percent of zinc is produced as sheet, strip, plate, rod and wire, and in many compositions and alloys, depending on the requirements of the end product. Zinc sheet is typically produced by continuous casting/rolling. Zinc sheet is used extensively in the building industry for roofing, wall cladding, gutters and downspouts, flashing and weathering applications. When properly installed, a zinc roof or wall system can last up to 100 years. Another six percent of zinc is used in chemicals. Zinc oxide is the most widely used zinc compound and is common in a broad range of consumer products. Special zinc powders can also be used as an additive in zinc cased batteries. A myriad of compounds can be created from zinc which give it a wide range of applications outside of the obvious uses as a metal, and gives zinc a worldwide importance that cannot be ignored. Four percent of zinc has multiple miscellaneous uses. Zinc can be used to make batteries, fertilizer, and pigments, and it also has uses in pharmaceutical, rubber, paint and other industries.
Zinc is found everywhere in daily life. With demand increasing and a global shortage of this valuable mineral, Kootenay Zinc may be mining money from the mother lode.
For more information, please visit http://www.kootenayzinc.com
Source used for article content http://www.smallcapnetwork.com/Think-Zinc-Its-Even-Bigger-Than-We-Thought/s/article/view/p/mid/7/id/2312/
Source used for article content http://metalpedia.asianmetal.com/metal/zinc/application.shtml
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Third-Party Content Disclaimer
The content above is based on Third-Party Content and the NNW website may contain articles and other content submitted by third parties, including, but not limited to, articles submitted through the NNW Premium Partnership Program. The opinions and other statements expressed by such third parties are theirs alone and do not express the views and opinions of NNW or its affiliates. Content created by third parties is the sole responsibility of such third parties, and NNW does not endorse or guarantee the accuracy and completeness of all third-party content. You acknowledge that by providing you with a portal providing you with the ability to view third-party content through the NNW site, NNW is not undertaking any obligation or assuming any liability relating to such third-party content. NNW and its members, affiliates, successors, assigns, officers, directors, and partners assume no responsibility or liability that may arise from the third-party content, including, but not limited to, responsibility or liability for claims for defamation, libel, slander, infringement, invasion of privacy and publicity rights, fraud, or misrepresentation. Notwithstanding the foregoing, NNW reserves the right to remove third-party content at any time in its sole discretion.
KTNNF Believes Its Sully Project Could Be Successor to Legendary Sullivan Mine
Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) believes that its Sully Project zinc mining operation in British Columbia, Canada, might be the successor to the nearby legendary Sullivan Mine. Sullivan, owned by Tech Resources, generated more than 17 million tons of zinc and lead and 337 million ounces of silver. Total output was $49 billion U.S. in production value at today’s prices from the Kimberley, British Columbia, facility.
Kootenay, a Vancouver-based zinc mining and development company, is focused on mining the Sully Project, located just 18 miles (30 kilometers) from Sullivan. Sully and Sullivan share different environments of the same basin. The Sullivan Mine was in operation for 92 years until 2001, when it closed. It produced enough lead for the production of 500 million lead-acid batteries for vehicles. Its zinc was enough for 160 million cars. Differential flotation was a mining process developed by Sullivan-owner Tech and used in operations at the mine. The efficient technique separates zinc from lead concentrates during the mining process.
According to Born2Invest’s article, “Kootenay Zinc’s Sully Project May Rival the Legendary Sullivan Mine,” Kootenay Zinc is targeting the nearby Sully Project for similar results since the Sullivan Mine and Sully Project share the same geology. Although initial drilling activity was disappointing back in 2004, new gravity surveys were conducted in 2010 and found promising results.
In October 2016, Kootenay, with a $500,000 budget, drilled three new holes. Early this year, findings indicated that proposed new drill sites to the east are more accessible and have minimal chance of geological disturbances. The indicators are positive for the new sites. The project manager believes that the geographical mapping of the Sully site is “the ultimate treasure hunt.”
Meanwhile the team is studying new gravity data and more permits have been applied for to the Ministry of Energy and Mines. Meanwhile, demand for zinc is outpacing supply worldwide — and the value of zinc is soaring. The price of zinc has now reached $1.17 per pound, a 60% jump from 2015, according to InfoMine.com. Also, there is projected to be a global shortfall of zinc of 500,000 tons, according to the Hindu Business Line.
Sources used for article content:
InfoMine.com
Hindu Business Line
https://born2invest.com/articles/kootenay-sully-project-rival-sullivan
For more information, refer to www.kootenayzinc.com
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Third-Party Content Disclaimer
The content above is based on Third-Party Content and the NNW website may contain articles and other content submitted by third parties, including, but not limited to, articles submitted through the NNW Premium Partnership Program. The opinions and other statements expressed by such third parties are theirs alone and do not express the views and opinions of NNW or its affiliates. Content created by third parties is the sole responsibility of such third parties, and NNW does not endorse or guarantee the accuracy and completeness of all third-party content. You acknowledge that by providing you with a portal providing you with the ability to view third-party content through the NNW site, NNW is not undertaking any obligation or assuming any liability relating to such third-party content. NNW and its members, affiliates, successors, assigns, officers, directors, and partners assume no responsibility or liability that may arise from the third-party content, including, but not limited to, responsibility or liability for claims for defamation, libel, slander, infringement, invasion of privacy and publicity rights, fraud, or misrepresentation. Notwithstanding the foregoing, NNW reserves the right to remove third-party content at any time in its sole discretion.
KTNNF Expands Sully Mining Exploration as Zinc Prices Soar 60% in May 2017 Valuation
Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) is expanding its exploration of its Sully property in British Columbia, Canada, near one of the world’s most historic and largest proven reserves of zinc, as the price of zinc has soared 60% to $1.17 per pound versus one year ago, according to InfoMine.com. KTNNF on May 8, 2017, reported that its actively searching for zinc in the company’s Sully Project. Three exploration holes have been completed and the project team is extending its survey efforts to the west anomaly, including state-of-the-art gravity mapping.
The Vancouver-based mineral exploration and development company sees vast potential in Sully, which is located just 18 miles (30 kilometers) from the Sullivan Zinc Mine, historically one of the largest proven deposits of the metal in the world. Zinc has jumped in value this year, to $1.17 per pound in May 2017 from 70 cents per pound one year ago. The overall size of market was $34 billion in 2016, according to a Keeping Stock article on how the sometimes underrated metal might be the most bullish investment for 2017. And, there is projected to be a shortage of the metal in 2017 of about 500,000 tons, according to the Hindu Business Line.
Zinc is vital to the building of infrastructure, such as roofs, buildings, bridges and staircases. It is critical in the manufacture of strong galvanized steel, is used in the exteriors of airplanes and is also employed in the production of batteries. If President Trump makes good on his campaign promise to rebuild parts of the U.S. infrastructure, zinc will play an important role — making its scarcity even greater. To date, China is the world’s largest producer of zinc, but it may not be able to meet the worldwide shortfall in supply versus demand. Australia is second largest, but its production may fall off this year, experts predict. Kazakhstan may produce promising quantities to export, but KTNNF’s Sully exploration project in Canada has great potential, too.
Sully is located near the Sullivan Zinc Mine of Tech Resources. It has produced more than 17 million tons of zinc and lead and 337 million ounces of silver over its lifespan. At current prices, it has generated $49 billion in production value. Data suggests Sullivan and Sully represent different environments of the same basin, the company said.
Sources used for article content: http://nnw.fm/fTg5k, http://nnw.fm/u3Clr, http://nnw.fm/vfI3I.
For more information, refer to www.kootenayzinc.com.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Third-Party Content Disclaimer
The content above is based on Third-Party Content and the NNW website may contain articles and other content submitted by third parties, including, but not limited to, articles submitted through the NNW Premium Partnership Program. The opinions and other statements expressed by such third parties are theirs alone and do not express the views and opinions of NNW or its affiliates. Content created by third parties is the sole responsibility of such third parties, and NNW does not endorse or guarantee the accuracy and completeness of all third-party content. You acknowledge that by providing you with a portal providing you with the ability to view third-party content through the NNW site, NNW is not undertaking any obligation or assuming any liability relating to such third-party content. NNW and its members, affiliates, successors, assigns, officers, directors, and partners assume no responsibility or liability that may arise from the third-party content, including, but not limited to, responsibility or liability for claims for defamation, libel, slander, infringement, invasion of privacy and publicity rights, fraud, or misrepresentation. Notwithstanding the foregoing, NNW reserves the right to remove third-party content at any time in its sole discretion.
With Zinc Prices and Global Deficit on the Rise, Savvy Mining Companies are Poised to Profit
NetworkNewsWire Editorial Coverage: Increasing global demand countered by a worldwide shortage have made zinc a red-hot commodity, and mining companies are racing to cash-in on the shortage. Companies like Kootenay Zinc Corporation (CSE:ZNK) (OTCQB:KTNNF) (Kootenay Zinc Profile), Nevsun Resources Ltd. (NSU), Ivanhoe Mines LTD. (IVPAF), Teck Resources Limited (TECK) and Hudbay Minerals Inc. (HBM) are working to address the world’s current zinc shortage and take advantage of the subsequent rise in zinc prices.
The imbalanced market, in part, is fueled by the 2016 shutdown of various zinc mines in China (which is both the world’s biggest zinc producer and its biggest zinc consumer) and the dwindling ore supply of major zinc mines. While zinc prices sagged in 2015, the base metal was a top performer out of the 22 raw materials tracked by the Bloomberg Commodity Index. Goldman Sachs the following year called zinc “the bullish exception in the metals space,” and predicted that a deeper shortage would send zinc prices as high as $2,500 per metric ton in 2017. Zinc outpaced expectations, however, and as of May 2017, the price of the mineral reached $2,628 per metric ton. It’s obvious to see why Jeff Currie, head of Commodities Research at Goldman Sachs Global, in a Bloomberg interview (1) said zinc is his No. 1 commodities pick for 2017.
So, what does this mean for zinc mining companies throughout the world? It means an opportunity to profit in a huge way—particularly for companies that can find the best zinc deposits with the shortest ramp-up time, or those with the ability to expand their existing zinc reserves.
Among these frontrunners is Kootenay Zinc Corporation, a mineral exploration and development company based in Vancouver, BC. Kootenay Zinc is engaged in discovering large-scale sedimentary-exhalative (SEDEX) zinc deposits and is currently focused on its Sully Property, which is located just 18 miles from the historic Sullivan Mine. The Sullivan Mine was in operation for approximately 100 years and was one of the world’s biggest SEDEX silver, zinc and lead deposits, boasting production that, at today’s prices, would be valued at US $49 billion. An exciting factor for Kootenay Zinc is that its Sully Project could be, subject to positive drill data, of similar size to the Legendary Sullivan —an exciting prospect, indeed.
The Sully Project shares geologic features with the Sullivan Mine, and the sedimentary rocks hosting the Sullivan Mine are also present at Sully, representing different environments of the same basin. Geological data thus far suggests Kootenay Zinc’s Sully Project share the same stratigraphic level at which the Sullivan Mine was deposited and appears to coincide 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, and a Cominco airborne geophysical survey has shown two N-S trending magnetic anomalies underground that are up to nearly 2 miles long (1.86) and about 0.62 of a mile apart at the Sully Project. They are near-coincident with the gravity anomalies.
Drilling at the Sully Project, to date, has been a near miss—which means a strike could be close at hand. Initial surveying at Sully indicated a shallow mass was only narrowly missed by drilling in 2004, and 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 as little as 100 meters. Geochemical data shows anomalous zinc and lead in the soil, which is possible leakage on structures related to the East mass. New gravity data have confirmed and better defined the mass. The next step for Kootenay Zinc is to target this East mass, and the company has commenced a drilling program.
Diverse activities being pursued by Nevsun Resources (NSU) also include zinc mining operations, with production coming from its Bisha copper-zinc mine in Eritrea. The Bisha Mine is a high-grade open pit mine with nine years of reserve life, and it generates revenues from both zinc and copper concentrates. In the middle portion of 2016, Nevsun Resources expanded its flotation capacity to produce zinc concentrates in addition to copper concentrates from primary ore.
Nevsun Resources earlier this week named Peter G. Kukielski as its new CEO, effective May 12, replacing the retiring Cliff Davis. According to the press release, Kukielski has more than 30 years of diverse international experience in the mining industry which will support the company’s strategies to advance its projects.
Ivanhoe Mines (IVPAF) is also chasing zinc and has been at work modernizing and upgrading its Kipushi Mine located in the Central African Copperbelt in preparation to restart commercial production there. Between 1924 and 1993, the Kipushi Project produced about 60 million tonnes grading 11 percent zinc and 7 percent copper. The company is in the midst of a projected two-year construction period with a relatively fast ramp-up to a projected steady-state production of 530,000 tonnes per year of zinc concentrate. A preliminary economic assessment was conducted in May 2016, and a pre-feasibility study is underway to refine the PEA’s findings and to optimize the redevelopment schedule of the mine. Both the PEA and PFS are focused on the mining of Kipushi’s Big Zinc Deposit, which has approximately 10.2 million tonnes of Measured and Indicated Mineral Resources grading 34.9 percent zinc—more than twice the Measured and Indicated Mineral Resources of the world’s next-highest-grade zinc project.
Another company positioned to capitalize on the current world zinc shortage is Teck Resources (TECK). Teck is the third-largest producer of mined zinc on earth and operates one of the largest fully integrated zinc and lead smelting and refining facilities in the world. The company produces zinc and zinc alloys in slab and jumbo form and is capable of producing about 295,000 tonnes of refined zinc annually. Teck also produces zinc concentrate from its Red Dog Operations, located in Alaska, and from its Pend Oreille Operations, located in Washington State, marketing its zinc concentrate throughout the world. Additionally, the company’s concentrate team buys concentrate from other mines, which are then processed at Teck’s Trail Operations metallurgical complex in British Columbia.
Hudbay Minerals (HBM) is also cashing in on the global zinc shortage with output from its 777 Mine and its Lalor Mine. The company operates a zinc plant, located in Flin Flon, Manitoba, which produces special high-grade metal from zinc concentrate in three cast shapes. This plant is one of six chief zinc producers in North America, and the plant’s capacity is expected to be fully utilized by domestic concentrates produced by the 777 and Lalor mines. In the first quarter of 2017, Hudbay said higher copper and zinc prices enabled the company to increase growth profit over the previous quarter. Its Manitoba operations produced 30,6000 tonnes of zinc as a result of higher zinc grades at 777 and Lalor, as well as higher zinc recoveries.
The broader portrait is that due to the closure of a number of big mines, zinc hit a record shortage in 2016, with inventories shrinking to 286,000 metric tons, according to the International Lead and Zinc Study Group (2). As the deficit continues to widen, zinc is trading at its highest level in more than eight years and is forecast to continue its climb. As the value of zinc continues to increase, investors should take a closer look at the companies racing to advance their projects to meet rising demand.
Editorial Sources:
(1) Bloomberg: http://nnw.fm/IYc53
(2) MetalMiner: http://nnw.fm/Ysa29
For more information on Kootenay Zinc visit: Kootenay Zinc (CSE:ZNK) (OTCQB:KTNNF)
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by NNW are solely those of NNW. Readers of this Article and content agree that they cannot and will not seek to hold liable NNW for any investment decisions by their readers or subscribers. NNW are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, NNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.
NNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and NNW undertake no obligation to update such statements.
KTNNF Mining for a Mother Lode of Zinc
Zinc prices increased around 60 percent last year to become one of the very best performing metals in 2016. Both Goldman Sachs and The World Bank project higher prices for zinc in 2017 and 2018 because of increased demand and serious global production deficits.
Zinc has become the fourth most widely consumed base metal in the world, after iron, aluminum, and copper, partly due to its strong anticorrosive properties. Zinc bonds exceptionally well with other metals, and approximately 60 percent of all zinc produced is used in coating (galvanizing) iron or steel to help prevent rust and corrosion, significantly prolonging the life of these products. Nearly indispensable in anti-corrosive applications, zinc is also combined with other metals to form brass and other alloys that have multiple industrial applications in automobiles, electrical components, and household fixtures.
Zinc is commonly found in mineral deposits along with other base metals, such as copper and lead. Zinc is produced mainly from three types of deposits: sedimentary exhalative (SEDEX), Mississippi Valley type and volcanogenic massive sulfide. Historically, large zinc focused mines have been in large SEDEX type deposits and account for more than 50 percent of the world’s zinc resources.
Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) is conducting exploration work near one of the largest SEDEX type deposits ever found. The world-class Sullivan deposit is recognized as one of the largest SEDEX deposits in the world and has produced some $40 billion worth of metals for nearly 100 years. Kootenay Zinc’s Sully target is 18 miles away from the famed Sullivan mine on land that’s quite geologically similar, which is notable as it increases the potential for hitting a mother lode of zinc. The sedimentary rocks that host Sullivan and that are present at the company’s Sully property were deposited in different parts, and represent different environments of the same basin.
Kootenay Zinc Corp. advisory board member Stuart “Tookie” Angus recently gave a lengthy interview (http://nnw.fm/k6KCs) about the Sullivan deposit and Kootenay’s Sully project potential.
It doesn’t appear that the global squeeze in zinc supplies will be over soon. Even China, which is both the world’s largest zinc consumer and its largest producer, is now being forced to import zinc for use in cars, household appliances, paints, rubber products, and smartphones. Zinc has proven to be a valuable, indispensable commodity, and Kootenay Zinc presents an intriguing opportunity to profit from the global squeeze and get a share of the zinc mother lode.
Source used for article content: http://nnw.fm/C88cP
For more information, please visit http://www.kootenayzinc.com
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides to users (1) access to our news aggregation and syndication servers, (2) enhanced press release services, and (3) a full array of social communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Third-Party Content Disclaimer
The content above is based on Third-Party Content and the NNW website may contain articles and other content submitted by third parties, including, but not limited to, articles submitted through the NNW Premium Partnership Program. The opinions and other statements expressed by such third parties are theirs alone and do not express the views and opinions of NNW or its affiliates. Content created by third parties is the sole responsibility of such third parties, and NNW does not endorse or guarantee the accuracy and completeness of all third-party content. You acknowledge that by providing you with a portal providing you with the ability to view third-party content through the NNW site, NNW is not undertaking any obligation or assuming any liability relating to such third-party content. NNW and its members, affiliates, successors, assigns, officers, directors, and partners assume no responsibility or liability that may arise from the third-party content, including, but not limited to, responsibility or liability for claims for defamation, libel, slander, infringement, invasion of privacy and publicity rights, fraud, or misrepresentation. Notwithstanding the foregoing, NNW reserves the right to remove third-party content at any time in its sole discretion.
KTNNF Issues Update on Sully Project Exploration Activities
Mineral exploration and development company Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) this morning issued an update on its exploration activities at the Sully project. Notably, the company has commenced field programs with the arrival of excellent weather conditions, and the project team is currently undertaking a number of activities at the site, including a drill campaign at E1; detailed gravity surveying of E2, E3 and E4; prospecting, mapping and access reconnaissance for planned drilling at E3; and new gravity surveying at the WEST anomaly. To date, the project team has completed three diamond drill holes at E1, two at site E1S and one at E1N, with these ‘proof of concept’ test holes confirming the complex and dissected nature of the E1 anomaly, as well as in other sections of the holes. “The Sully property hosts several compelling large-scale gravity anomalies that require drill testing to properly evaluate their cause,” Brian Jones, principal of Excel Geophysics, noted in this morning’s news release. “Challenges in drill testing the E1 anomaly are a direct result of its now observed structural complexity, both in modeling and in drill core. We believe the E2, E3 and E4 anomalies present better opportunities to discover intact sources of the gravity masses.”
To view the full press release, visit http://nnw.fm/ARR1c
About Kootenay Zinc Corp.
Kootenay Zinc Corp. is a mineral exploration and development company based in Vancouver, British Columbia that is presently targeting the Sully Property. The Company is focused on discovering large-scale sedimentary-exhalative (“SEDEX”) deposits.
The Sully Property comprises 1,375 hectares located approximately 30 kilometres east of Kimberley, B.C., and overlies rocks of similar age and origin as those which host the world-class Sullivan deposit, owned by Teck Resources Ltd. Sullivan was discovered in 1892, and is known to be one of the largest SEDEX deposits in the world. Over its 100-year lifetime, Sullivan produced approximately 150 million tonnes of ore, including approximately three hundred million ounces of silver, eight million tonnes of zinc and eight million tonnes of lead. The equivalent level of strata as at Sullivan and that formed on the margin of that same basin are present at the Sully Property. The Company cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully Property. For more information, visit www.KootenayZinc.com
$KTNNF Alert on Junior Mining Play- UnderValued #PreciousMetals #Zink #Mining
http://globalsmallcaps.com/2017/05/08/2528/
in the control .. drop in same day
Followers
|
8
|
Posters
|
|
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.
Kootenay Zinc Corp. | NetworkNewsWire |
NetworkNewsWire is a moderator of this board. Please see disclaimer on the NetworkNewsWire website: https://www.networknewswire.com/disclaimer/
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |