The declines in commodities were overdone on the concerns over China’s economy,” said Adrian Day, who manages about $135 million as the president of Adrian Day Asset Management in Annapolis, Maryland. “We’re seeing a more realistic view of the Chinese economy.
Massive Debt Levels Will Push Silver To $150 And Beyond Hubert Moolman | Monday, September 2nd
The massive debt bubble created by our monetary system is about to burst. The demonetization of gold and silver, has over the years diverted value from these metals, to all paper assets (such as bonds) linked to the debt-based monetary system.
The process of the devaluation of gold and silver, started by the demonetization of gold and silver, is about to reverse at a greater speed than ever before.
This is similar to what happened during the late 70s, when the gold and silver price increased significantly.
However, what happened in the 70’s was just a prelude to this coming rally.
The 70’s was the end of a cycle, this is likely the end of a major cycle; an end of an era of the debt-based monetary system (dishonest money).
This era of dishonest money, has filled the economic world with many promises that will never be fulfilled.
There will be a massive flight out of paper promises, into the ideal safe haven assets that would offer protection.
In my opinion, silver will be the leading asset when this flight out of paper promises happens.
This fraud started with the demonetization of silver and it will end with silver taking its place as money - the most marketable commodity.
If silver only equals the performance of the 70s, it will reach $150.
However, this cycle will only be over when silver and gold are not quoted in the current fiat currencies or any other fiat currency.
Instead, most goods would be quoted in terms of silver and gold.
Below, is a self-explanatory comparison of the current silver bull market and the 70s bull market:
For more of this kind of analysis on silver and gold, you are welcome to subscribe to my premium service. by Hubert
“And it shall come to pass, that whosoever shall call on the name of the Lord shall be saved”
$CZICF - Canadian Zinc Corporation: Drill Program Underway for South Tally Pond, Newfoundland - Drill testing of a new massive sulphide zone near Lemarchant deposit - Phase two Step-out drilling from known resources at Lemarchant deposit - Drill testing of a strong geophysical anomaly
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 16, 2013) - Canadian Zinc Corporation (CZN.TO)(CZICF) ("the Company" or "Canadian Zinc") is pleased to announce the commencement of a follow-up exploration diamond drill program at the Company's wholly-owned South Tally Pond copper-lead-zinc-silver-gold project in central Newfoundland.
The planned program consists of 20 drillholes, totaling 6,300 metres. This program will involve two diamond drill rigs, one of which is already on the property. The program is fully supported by a recently completed $4 million flow-through financing which closed on August 20, 2013 (refer to Company news release of same date).
The drill program is designed to follow up on favourable results from the drill program completed earlier this year at the Lemarchant deposit (refer to news release dated February 27, 2013 and April 17, 2013). Priority targets include:
testing for additional massive sulphide mineralization at the newly discovered Northwest Target (3,200 metres over 9 drillholes);
lateral and depth extensions to the known indicated and inferred resources of the Lemarchant deposit (2,500 metres over 9 drillholes); and
initial testing of a strong Titan 24 geophysical anomaly (West Target) located 1.2 kilometres west of the Lemarchant deposit (600 metres over 2 drillholes).
The Lemarchant deposit is a significant precious metal-rich, copper-lead-zinc volcanogenic massive sulphide ("VMS") discovery with expansion potential. An initial NI 43-101 mineral resource estimate completed on the Lemarchant deposit reported an indicated resource of 1.24 million tonnes at an average grade of 5.38% Zn, 0.58% Cu, 1.19% Pb, 1.01 g/t Au and 59.17 g/t Ag; and an inferred resource of 1.34 million tonnes at an average grade of 3.70% Zn, 0.41% Cu, 0.86% Pb, 1.00 g/t Au and 50.41 g/t Ag.
Highlights of the winter 2013 drill program included:
new massive sulphide mineralization was discovered 250 metres to the northwest of the Lemarchant deposit in drillholes LM13-73 and LM13-74 (the Northwest Target);
significant massive sulphide mineralization intersected in drillhole LM13-79 (the Main Zone) extended the Lemarchant deposit mineralization 35 metres up-dip; and
three drillholes testing the south extension to the Lemarchant deposit intersected favourable felsic volcanic stratigraphy with locally anomalous base metal mineralization.
South Tally Pond Background
The South Tally Pond property, which includes the Lemarchant deposit, is located in a proven mining district near Buchans, Newfoundland. The property is located immediately adjacent to Teck Resources Limited's Duck Pond Cu-Zn mine and mill complex. (See Paragon' Technical Report and Mineral Resource Estimate on Lemarchant Deposit, South Tally Pond VMS Project, central Newfoundland, dated March 2, 2012 filed on SEDAR).
The exploration potential outside of the Lemarchant area of the South Tally Pond Property is still relatively untapped with numerous priority targets that have seen limited or no drilling. Additional exploration programs will be proposed in 2014 to further test for mineral potential in some of these areas.
About Canadian Zinc
Canadian Zinc is a TSX-listed exploration and development company trading under the symbol "CZN". The Company's key projects are the 100%-owned Prairie Creek property, an advanced-staged zinc-lead-silver property, located in the Northwest Territories in Canada and the 100% owned South Tally Pond project, which includes the Lemarchant deposit, along with other property interests in central Newfoundland.
Canadian Zinc also recently announced the proposed acquisition of Messina Minerals, a mineral exploration company focused on base metals and gold properties in central Newfoundland. Messina holds the South Tulks Hill project with its Boomerang and Domino deposits situated near the South Tally Pond project. Boomerang and Domino are located approximately 50 kilometres from the Lemarchant deposit (see CZN press release dated September 12, 2013).
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