Norzinc Ltd. (NORZF)

[Pro-Life]

Canadian Zinc and Northwest Territories Sign Agreement for Prairie Creek Mine
Monday August 22, 2011 3:35PM

http://www.kitco.com/reports/KitcoNews20110822_MM.html

The Government of Canada’s Northwest Territories and Canadian Zinc have signed a socio-economic agreement to develop Canadian Zinc's Prairie Creek silver/zinc/lead mine in the region. The Prairie Creek Socio-Economic Agreement was signed today in a formal signing ceremony at the Legislative Assembly in Yellowknife says a release from Canadian Zinc. "The signing of this Agreement reflects the commitment of both parties to ensure that the development of northern resources occurs in a manner that is sensitive to social and cultural considerations and is economically sustainable," says Minister of Industry, Tourism and Investment, Bob McLeod. Since acquiring the property in the 1990s, Canadian Zinc has invested over $45 million, quadrupling the known mineral resources. The mineral resource at the Prairie Creek Property comprises total Measured and Indicated Resources of 5,840,329 tonnes grading 10.71% zinc, 9.90% lead, 0.326% copper, and 161 grams silver per tonne.

By Daniela Cambone of Kitco News [e-mail]