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Showing posts with label Canada Zinc Metals. Show all posts
Showing posts with label Canada Zinc Metals. Show all posts
Monday, May 3, 2010
Canada Zinc Metals: 2010 AKIE PROPERTY EXPLORATION PROGRAM CZX.v, LUN.to, FCX, RTP, BHP, HBM.to, NG.to
0 comments Posted by andre at 1:04 PM
Canada Zinc Metals CZX.v stays as a wild card in the game with Chinese Tongling owning 13%. With recent activity in share price of CZX.v, we will not be surprised that Canaccord is right and company will be taken out at one stage. In this case Chinese Tongling as a shareholders in TNR Gold will add spice to the game around this huge Copper and gold mine in Argentina."
Will be interesting to see whether Tongling will exercise its warrants at 0.6CAD this month, drilling program will continue to define resources at this deposit with open blue sky potential of further discoveries in this prospective region and everybody is waiting for the next move by Chinese company.
"June 1, 2009
Vancouver, British Columbia, Canada – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) (“Canada Zinc Metals” or the “Company”) is pleased to announce that, further to its news releases dated January 26, 2009 and March 23, 2009, it has received final approvals from the TSX Venture Exchange and the relevant Chinese authorities with respect to the closing of the non-brokered private placement subscribed to by Tongling Nonferrous Metals Group Holdings Co. Ltd. (“Tongling”).
Pursuant to the private placement, Tongling has purchased 11,500,000 units of the Company at a price of $0.425 per unit for gross proceeds of $4,887,500 and now holds a 13% equity position in Canada Zinc Metals. Each unit consists of one common share and one half of a common share purchase warrant. Each whole warrant entitles Tongling to purchase, at any time within 24 months from closing, one common share of the Company at a price of $0.60 during the first year and at a price of $0.80 during the second year. These units are subject to a hold period expiring on September 27, 2009.
“We welcome Tongling as a strategic shareholder of Canada Zinc Metals,” stated Mr. Peeyush Varshney, CEO of Canada Zinc Metals. “Our Company continues to attract the interest of the world’s premier base metal mining companies. The Cardiac Creek deposit is one of the most significant discoveries in Canada in the past several years."
Vancouver, British Columbia, Canada – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) (“Canada Zinc Metals” or the “Company”) is pleased to announce that, further to its news releases dated January 26, 2009 and March 23, 2009, it has received final approvals from the TSX Venture Exchange and the relevant Chinese authorities with respect to the closing of the non-brokered private placement subscribed to by Tongling Nonferrous Metals Group Holdings Co. Ltd. (“Tongling”).
Pursuant to the private placement, Tongling has purchased 11,500,000 units of the Company at a price of $0.425 per unit for gross proceeds of $4,887,500 and now holds a 13% equity position in Canada Zinc Metals. Each unit consists of one common share and one half of a common share purchase warrant. Each whole warrant entitles Tongling to purchase, at any time within 24 months from closing, one common share of the Company at a price of $0.60 during the first year and at a price of $0.80 during the second year. These units are subject to a hold period expiring on September 27, 2009.
“We welcome Tongling as a strategic shareholder of Canada Zinc Metals,” stated Mr. Peeyush Varshney, CEO of Canada Zinc Metals. “Our Company continues to attract the interest of the world’s premier base metal mining companies. The Cardiac Creek deposit is one of the most significant discoveries in Canada in the past several years."
2010 Akie Property Exploration Program
Vancouver, B.C. – May 03, 2010 – Canada Zinc Metals Corp. (TSX Venture: CZX) (the “Company”) is pleased to announce that planning is progressing well for the 2010 exploration program on its flagship, 100% owned Akie zinc-lead property, located in northeastern British Columbia, some 260 km north-northwest of the community of Mackenzie.
Rodren Drilling Ltd., of West St. Paul, Manitoba, has been selected as the contractor for the 2010 drill program on the Akie property. Rodren will provide two helicopter portable, modified BBS-56 drill rigs and all of the ancillary equipment necessary to complete a total of up to 5,000 metres of NQ/HQ size core drilling in two areas. During the past three drill seasons on the property, Rodren has acquired considerable knowledge and experience (17.3 km drilling / 36 holes) and has demonstrated a high level of technical and operational competency. Mobilization of equipment to the property is expected to take place in the first part of June.
The objectives of this program on the Akie property are twofold:
To test the permissive Gunsteel Formation – Road River Group stratigraphy present along strike to the northwest of the Cardiac Creek deposit for the continuation of this mineralization and;
To further explore the highly prospective North Lead Anomaly, located some 2.2 km to the northwest of the Cardiac Creek deposit, which is underlain by similar geology. Previous drilling has encountered massive sulphides containing sphalerite and galena (0.8 metres grading 11.60% Zn and 9.05% Pb), sulphide replacement (pyrite, sphalerite, galena) of an underlying footwall debris flow and quartz-carbonate alteration of footwall rocks, all suggestive of proximity to a vent zone.
Further details of the 2010 exploration program and objectives will be provided in due course.
About the Akie and Kechika Regional Properties
The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian ‘Gunsteel’ formation. The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off grade).
Two similar deposits, Cirque and Cirque South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101 compliant) grading approximately 10% combined zinc + lead.
In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.
All of the company’s claims (77,889 Ha), with the exception of a small isolated block (2,293 Ha), are in good standing, under the provisions of the Mineral Tenure Act of British Columbia, until December 8, 2018.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORSCANADA ZINC METALS CORP.
“PEEYUSH VARSHNEY” PEEYUSH VARSHNEY, LL.BCEO & CHAIRMAN
Vancouver, B.C. – May 03, 2010 – Canada Zinc Metals Corp. (TSX Venture: CZX) (the “Company”) is pleased to announce that planning is progressing well for the 2010 exploration program on its flagship, 100% owned Akie zinc-lead property, located in northeastern British Columbia, some 260 km north-northwest of the community of Mackenzie.
Rodren Drilling Ltd., of West St. Paul, Manitoba, has been selected as the contractor for the 2010 drill program on the Akie property. Rodren will provide two helicopter portable, modified BBS-56 drill rigs and all of the ancillary equipment necessary to complete a total of up to 5,000 metres of NQ/HQ size core drilling in two areas. During the past three drill seasons on the property, Rodren has acquired considerable knowledge and experience (17.3 km drilling / 36 holes) and has demonstrated a high level of technical and operational competency. Mobilization of equipment to the property is expected to take place in the first part of June.
The objectives of this program on the Akie property are twofold:
To test the permissive Gunsteel Formation – Road River Group stratigraphy present along strike to the northwest of the Cardiac Creek deposit for the continuation of this mineralization and;
To further explore the highly prospective North Lead Anomaly, located some 2.2 km to the northwest of the Cardiac Creek deposit, which is underlain by similar geology. Previous drilling has encountered massive sulphides containing sphalerite and galena (0.8 metres grading 11.60% Zn and 9.05% Pb), sulphide replacement (pyrite, sphalerite, galena) of an underlying footwall debris flow and quartz-carbonate alteration of footwall rocks, all suggestive of proximity to a vent zone.
Further details of the 2010 exploration program and objectives will be provided in due course.
About the Akie and Kechika Regional Properties
The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian ‘Gunsteel’ formation. The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off grade).
Two similar deposits, Cirque and Cirque South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101 compliant) grading approximately 10% combined zinc + lead.
In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.
All of the company’s claims (77,889 Ha), with the exception of a small isolated block (2,293 Ha), are in good standing, under the provisions of the Mineral Tenure Act of British Columbia, until December 8, 2018.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORSCANADA ZINC METALS CORP.
“PEEYUSH VARSHNEY” PEEYUSH VARSHNEY, LL.BCEO & CHAIRMAN
Canada Zinc Metals: 2010 AKIE PROPERTY EXPLORATION PROGRAM CZX.v, LUN.to, FCX, RTP, BHP, HBM.to, NG.to
0 comments Posted by andre at 1:04 PM
Canada Zinc Metals CZX.v stays as a wild card in the game with Chinese Tongling owning 13%. With recent activity in share price of CZX.v, we will not be surprised that Canaccord is right and company will be taken out at one stage. In this case Chinese Tongling as a shareholders in TNR Gold will add spice to the game around this huge Copper and gold mine in Argentina."
Will be interesting to see whether Tongling will exercise its warrants at 0.6CAD this month, drilling program will continue to define resources at this deposit with open blue sky potential of further discoveries in this prospective region and everybody is waiting for the next move by Chinese company.
"June 1, 2009
Vancouver, British Columbia, Canada – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) (“Canada Zinc Metals” or the “Company”) is pleased to announce that, further to its news releases dated January 26, 2009 and March 23, 2009, it has received final approvals from the TSX Venture Exchange and the relevant Chinese authorities with respect to the closing of the non-brokered private placement subscribed to by Tongling Nonferrous Metals Group Holdings Co. Ltd. (“Tongling”).
Pursuant to the private placement, Tongling has purchased 11,500,000 units of the Company at a price of $0.425 per unit for gross proceeds of $4,887,500 and now holds a 13% equity position in Canada Zinc Metals. Each unit consists of one common share and one half of a common share purchase warrant. Each whole warrant entitles Tongling to purchase, at any time within 24 months from closing, one common share of the Company at a price of $0.60 during the first year and at a price of $0.80 during the second year. These units are subject to a hold period expiring on September 27, 2009.
“We welcome Tongling as a strategic shareholder of Canada Zinc Metals,” stated Mr. Peeyush Varshney, CEO of Canada Zinc Metals. “Our Company continues to attract the interest of the world’s premier base metal mining companies. The Cardiac Creek deposit is one of the most significant discoveries in Canada in the past several years."
Vancouver, British Columbia, Canada – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) (“Canada Zinc Metals” or the “Company”) is pleased to announce that, further to its news releases dated January 26, 2009 and March 23, 2009, it has received final approvals from the TSX Venture Exchange and the relevant Chinese authorities with respect to the closing of the non-brokered private placement subscribed to by Tongling Nonferrous Metals Group Holdings Co. Ltd. (“Tongling”).
Pursuant to the private placement, Tongling has purchased 11,500,000 units of the Company at a price of $0.425 per unit for gross proceeds of $4,887,500 and now holds a 13% equity position in Canada Zinc Metals. Each unit consists of one common share and one half of a common share purchase warrant. Each whole warrant entitles Tongling to purchase, at any time within 24 months from closing, one common share of the Company at a price of $0.60 during the first year and at a price of $0.80 during the second year. These units are subject to a hold period expiring on September 27, 2009.
“We welcome Tongling as a strategic shareholder of Canada Zinc Metals,” stated Mr. Peeyush Varshney, CEO of Canada Zinc Metals. “Our Company continues to attract the interest of the world’s premier base metal mining companies. The Cardiac Creek deposit is one of the most significant discoveries in Canada in the past several years."
2010 Akie Property Exploration Program
Vancouver, B.C. – May 03, 2010 – Canada Zinc Metals Corp. (TSX Venture: CZX) (the “Company”) is pleased to announce that planning is progressing well for the 2010 exploration program on its flagship, 100% owned Akie zinc-lead property, located in northeastern British Columbia, some 260 km north-northwest of the community of Mackenzie.
Rodren Drilling Ltd., of West St. Paul, Manitoba, has been selected as the contractor for the 2010 drill program on the Akie property. Rodren will provide two helicopter portable, modified BBS-56 drill rigs and all of the ancillary equipment necessary to complete a total of up to 5,000 metres of NQ/HQ size core drilling in two areas. During the past three drill seasons on the property, Rodren has acquired considerable knowledge and experience (17.3 km drilling / 36 holes) and has demonstrated a high level of technical and operational competency. Mobilization of equipment to the property is expected to take place in the first part of June.
The objectives of this program on the Akie property are twofold:
To test the permissive Gunsteel Formation – Road River Group stratigraphy present along strike to the northwest of the Cardiac Creek deposit for the continuation of this mineralization and;
To further explore the highly prospective North Lead Anomaly, located some 2.2 km to the northwest of the Cardiac Creek deposit, which is underlain by similar geology. Previous drilling has encountered massive sulphides containing sphalerite and galena (0.8 metres grading 11.60% Zn and 9.05% Pb), sulphide replacement (pyrite, sphalerite, galena) of an underlying footwall debris flow and quartz-carbonate alteration of footwall rocks, all suggestive of proximity to a vent zone.
Further details of the 2010 exploration program and objectives will be provided in due course.
About the Akie and Kechika Regional Properties
The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian ‘Gunsteel’ formation. The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off grade).
Two similar deposits, Cirque and Cirque South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101 compliant) grading approximately 10% combined zinc + lead.
In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.
All of the company’s claims (77,889 Ha), with the exception of a small isolated block (2,293 Ha), are in good standing, under the provisions of the Mineral Tenure Act of British Columbia, until December 8, 2018.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORSCANADA ZINC METALS CORP.
“PEEYUSH VARSHNEY” PEEYUSH VARSHNEY, LL.BCEO & CHAIRMAN
Vancouver, B.C. – May 03, 2010 – Canada Zinc Metals Corp. (TSX Venture: CZX) (the “Company”) is pleased to announce that planning is progressing well for the 2010 exploration program on its flagship, 100% owned Akie zinc-lead property, located in northeastern British Columbia, some 260 km north-northwest of the community of Mackenzie.
Rodren Drilling Ltd., of West St. Paul, Manitoba, has been selected as the contractor for the 2010 drill program on the Akie property. Rodren will provide two helicopter portable, modified BBS-56 drill rigs and all of the ancillary equipment necessary to complete a total of up to 5,000 metres of NQ/HQ size core drilling in two areas. During the past three drill seasons on the property, Rodren has acquired considerable knowledge and experience (17.3 km drilling / 36 holes) and has demonstrated a high level of technical and operational competency. Mobilization of equipment to the property is expected to take place in the first part of June.
The objectives of this program on the Akie property are twofold:
To test the permissive Gunsteel Formation – Road River Group stratigraphy present along strike to the northwest of the Cardiac Creek deposit for the continuation of this mineralization and;
To further explore the highly prospective North Lead Anomaly, located some 2.2 km to the northwest of the Cardiac Creek deposit, which is underlain by similar geology. Previous drilling has encountered massive sulphides containing sphalerite and galena (0.8 metres grading 11.60% Zn and 9.05% Pb), sulphide replacement (pyrite, sphalerite, galena) of an underlying footwall debris flow and quartz-carbonate alteration of footwall rocks, all suggestive of proximity to a vent zone.
Further details of the 2010 exploration program and objectives will be provided in due course.
About the Akie and Kechika Regional Properties
The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian ‘Gunsteel’ formation. The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off grade).
Two similar deposits, Cirque and Cirque South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101 compliant) grading approximately 10% combined zinc + lead.
In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.
All of the company’s claims (77,889 Ha), with the exception of a small isolated block (2,293 Ha), are in good standing, under the provisions of the Mineral Tenure Act of British Columbia, until December 8, 2018.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORSCANADA ZINC METALS CORP.
“PEEYUSH VARSHNEY” PEEYUSH VARSHNEY, LL.BCEO & CHAIRMAN
Monday, February 22, 2010
Canada Zinc Metals - Chinese Infrastructure Play on development of Zinc resources in Canada CZX.v, TNR.v, HUD.to, LUN.to, FCX, BHP, RTP, FXI,
0 comments Posted by andre at 3:40 PM
Stock is building the base with a Double Bottom reversal from recent downtrend. FED's discount rate hike is a serious blow to Deflationist camp, ones Inflation will be on investment agenda again, plays like CZX.v will be in fashion. Recent buying opportunity must be another Chinese trick to buy assets on the cheap side. This stock represents an opportunity to invest in Chinese Infrastructure via Zinc resource development in Canada. Who will be the final suitor of Akie Chinese Tongling or Lundin Mining? "Strategic investment" in TNR Gold with its upcoming focused Lithium play - International Lithium Corp. adds some spice to the picture with solid resource base in the stable mining environment.
"Canada Zinc Metals CZX.v will be another example of Chinese expansion into Canada.Canadian Juniors will be the most exited public with all recent developments, interesting to note, that sector is building reversal which is more aggressive than USD and Gold pace of changing direction - we have a bullish candle and Free White Soldiers, bullish reversal will be confirmed with crossing MA50."
We are not alone in our thinking:
"CZX highlighted by Salman Partners
Please find below, for your information, excerpts from the February 18, 2010 “Metals Morning Note” issued by Salman Partners of Vancouver, British Columbia, Canada.
"...the Western world’s demand for zinc is recovering nicely from recent lows."
"...the market is taking account of the following:
(a) zinc consumption has been growing in the Western world (and, we believe, is set to grow at about 1.9% per annum);
(b) zinc consumption has been growing at 24% per annum in China and is set to continue to grow, even if at lower rates;
(c) a long-term shortage of zinc-mining capacity in the Western world should begin in 2011;
(d) China may be bumping up against a ceiling in terms of its ability to smelt and refine zinc;"
The commentary goes on to highlight Canada Zinc Metals Corp., with its properties in British Columbia, Canada, as a play on the development of zinc resources.
TSX.V: CZX; Frankfurt: A0F7E1
About Canada Zinc Metals Corp.
Canada Zinc Metals is a mineral exploration company focused on unlocking the potential of a future long life mining district in British Columbia, Canada. The Company is the dominant land holder in a world class mineral belt called the Kechika Trough which hosts in excess of 80 million tonnes of base metal resources. Canada Zinc Metals owns a total of 78,526 hectares in 233 claims which extend northwestward from the Akie property for a distance of 125 km.
The Company has filed a NI 43-101 report supporting the estimated inferred resource of 23.6 million tonnes grading 7.6% Zn, 1.5% Pb and 13.0 g/t Ag (at a 5% Zn cut off grade) at its flagship Akie property. Using this estimate, the deposit contains 3.95 billion pounds of zinc, 780 million pounds of lead and 8.95 million ounces of silver. The deposit remains open in all directions.
Tongling Nonferrous Metals Group and Lundin Mining are significant shareholders of the Company."
Please find below, for your information, excerpts from the February 18, 2010 “Metals Morning Note” issued by Salman Partners of Vancouver, British Columbia, Canada.
"...the Western world’s demand for zinc is recovering nicely from recent lows."
"...the market is taking account of the following:
(a) zinc consumption has been growing in the Western world (and, we believe, is set to grow at about 1.9% per annum);
(b) zinc consumption has been growing at 24% per annum in China and is set to continue to grow, even if at lower rates;
(c) a long-term shortage of zinc-mining capacity in the Western world should begin in 2011;
(d) China may be bumping up against a ceiling in terms of its ability to smelt and refine zinc;"
The commentary goes on to highlight Canada Zinc Metals Corp., with its properties in British Columbia, Canada, as a play on the development of zinc resources.
TSX.V: CZX; Frankfurt: A0F7E1
About Canada Zinc Metals Corp.
Canada Zinc Metals is a mineral exploration company focused on unlocking the potential of a future long life mining district in British Columbia, Canada. The Company is the dominant land holder in a world class mineral belt called the Kechika Trough which hosts in excess of 80 million tonnes of base metal resources. Canada Zinc Metals owns a total of 78,526 hectares in 233 claims which extend northwestward from the Akie property for a distance of 125 km.
The Company has filed a NI 43-101 report supporting the estimated inferred resource of 23.6 million tonnes grading 7.6% Zn, 1.5% Pb and 13.0 g/t Ag (at a 5% Zn cut off grade) at its flagship Akie property. Using this estimate, the deposit contains 3.95 billion pounds of zinc, 780 million pounds of lead and 8.95 million ounces of silver. The deposit remains open in all directions.
Tongling Nonferrous Metals Group and Lundin Mining are significant shareholders of the Company."
Vancouver, British Columbia CANADA, Feb 22, 2010 (Filing Services Canada via COMTEX) --
Canada Zinc Metals Corp. ( CZX Quote Chart News PowerRating - TSX Venture), (the "Company") is pleased to announce that it is currently in the midst of planning the 2010 exploration program for its flagship 100% owned Akie Property, located in northeastern British Columbia. In general terms, the work being planned will comprise up to 5,000 meters of diamond drilling to test the possible extension of the Cardiac Creek Deposit to the northwest and to further explore the highly prospective North Lead Anomaly; and to continue environmental, geotechnical and archaeological studies which will elevate the project towards advanced exploration status (that may include advanced underground drilling and sampling activities) in 2011.
Additional details of the exploration plan, including estimated budget, will be announced once the program is finalized.
"We are very excited to be putting together plans for the 2010 exploration program at Akie," stated Mr. Peeyush Varshney, President and CEO of Canada Zinc Metals. "We look forward to once again aggressively moving the project forward."
Significant shareholders of the Company include Tongling Nonferrous Metals Group Holdings Co. Ltd and Lundin Mining Corporation.
About the Akie and Kechika Regional Properties
The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian 'Gunsteel' formation. The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off grade).
Two similar deposits, Cirque and Cirque South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101 compliant) grading approximately 10% combined zinc + lead.
In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.
All of the company's claims (77,889 Ha), with the exception of a small isolated block (2,293 Ha), are in good standing, under the provisions of the Mineral Tenure Act of British Columbia, until December 8, 2018.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
CANADA ZINC METALS CORP.
"PEEYUSH VARSHNEY"
Canada Zinc Metals Corp. ( CZX Quote Chart News PowerRating - TSX Venture), (the "Company") is pleased to announce that it is currently in the midst of planning the 2010 exploration program for its flagship 100% owned Akie Property, located in northeastern British Columbia. In general terms, the work being planned will comprise up to 5,000 meters of diamond drilling to test the possible extension of the Cardiac Creek Deposit to the northwest and to further explore the highly prospective North Lead Anomaly; and to continue environmental, geotechnical and archaeological studies which will elevate the project towards advanced exploration status (that may include advanced underground drilling and sampling activities) in 2011.
Additional details of the exploration plan, including estimated budget, will be announced once the program is finalized.
"We are very excited to be putting together plans for the 2010 exploration program at Akie," stated Mr. Peeyush Varshney, President and CEO of Canada Zinc Metals. "We look forward to once again aggressively moving the project forward."
Significant shareholders of the Company include Tongling Nonferrous Metals Group Holdings Co. Ltd and Lundin Mining Corporation.
About the Akie and Kechika Regional Properties
The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian 'Gunsteel' formation. The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off grade).
Two similar deposits, Cirque and Cirque South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101 compliant) grading approximately 10% combined zinc + lead.
In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.
All of the company's claims (77,889 Ha), with the exception of a small isolated block (2,293 Ha), are in good standing, under the provisions of the Mineral Tenure Act of British Columbia, until December 8, 2018.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
CANADA ZINC METALS CORP.
"PEEYUSH VARSHNEY"
Thursday, October 8, 2009
Commodities, Copper and Zinc: Alcoa beats the street - is it time to pick up Juniors? TNR.v, CZX.v, MAI.to, FCX, LUN.to, FXI, AA, BHP, RTP, AUY, VALE
0 comments Posted by andre at 4:45 AM
Gold is hitting new highs, US Dollar is giving up on its reserve status and Inflation is just around the corner to be recognised as the major financial outcome of printing presses all around the world. Aluminium is not a metal for us to follow, but Alcoa's results are very important - we are taking it as a confirmation of Inflation filtering though the financial system and into Industrial Commodity Cycle. Do you know, that there were times when even Gold Bugs like us were being jealous looking at the Copper and Zinc prices? We have wrote about recent development in Los Azules - our favorite Copper play in Argentina, with Minera Andes MAI.to and TNR Gold TNR.v involved - we are very surprise to find out hesitation in the market place now. Minera Andes became a 100% owner of the deposit with TNR Gold confirming its back-in claim still valid for 25% of Northern part of the Los Azules. Does Xstrata control Copper prices or Chinese really do? Does 40 mil USD worth more then 37.5% of 414 mln USD Los Azules Implied value according to Rob McEwen with recent rock bottom valuations of Junior developers sector? We know the trick: you can complain only if you are fully invested at higher levels - in all other cases you are blessed with opportunity. It is even little bit less anxious time now: we have been here before, right after collapse in 2001.
Look at the chart below: previous Reinflation phase after dot.com crash from 2005 coincide with Zinc prices rising parabolically.
Who can tell us that it will be the case again? Guys like Brook Hunt (very respected organization that follows the metals industry) - they are talking about large number of zinc mines that are reaching the end of their production life…Xstrata’s Brunswick mine closure by itself will reduce global zinc supply by 4%. There is an anticipated very large and prolonged shortage of zinc supply looming (beginning in 12 to 18 months time). How to play it? We stick with what we know and you should investigate for yourself. We like to invest with those who knows the market and where it is going.
Canada Zinc Metals CZX.v now has very prominent shareholders - players in Zinc market like Chinese Tongling and Lunding Mining LUN.to. Togling has paid for 13% in the company price of 0.425CAD above even today's level of 0.4CAD.
We have called the company and can share with you some information for your further consideration. Please do not take anything as an investment advise and contact the company to verify all information.
"CZX’s Cardiac Creek deposit (Akie property) represents one of the top 10 largest undeveloped zinc deposits on the planet. The deposit is very good grade with a very high grade section within it that could be mined first (quicker payback of capital).
CZX also has a very large prospective land package – this represents a district scale opportunity in mining friendly BC, Canada.
Infrastructure in the area is relatively advanced (full road access, railway, power facility, deep sea port).
Neighboring property / deposits owned by big players Teck Resources and Korea Zinc.
We are going to China to visit Tongling and other Chinese companies next week for further discussions on our project development"
Company's presentation.
We will see in the nearest future, whether this market represent to us again opportunity to step in the Commodity Super Cycle and the more boring and forgotten story seems to be - the best value you can get with all proper investigation of management and property strengths.
Thursday, August 6, 2009
Canada Zinc Metals Corp. Announces Normal Course Issuer Bid CZX.v, TNR.V, LUN.to, FXI, HUI, XAU, FCX, F, NSANY, DAI, TM, TTM, BYD, SQM, FMC, HUD.to,
0 comments Posted by andre at 9:42 AM
With all summer hot plays in Lithium and REE it is easy to miss a dramatic move in Zinc, which is back above 0.8 USD/lb now. Our Reinflation play Canada Zinc Metals announced today that it is considered itself undervalued by the market and will buy back its shares. We are busy accumulating as well. Few points to mention for our catalyst value play this Autumn:
1. It is an aggressive M&A play with Chinese involved: Tongling payed 0.425CAD and Company can buy back at levels below 0.3CAD. It is almost as licence to print money and we are as close to our dream of ink factory for US Dollar printing press as we can get.
"From an investor’s perspective, the goal is to own what China needs and China needs metals. And strategically, it could be easier for China’s state-owned corporations to fly under the radar and buy or take positions in smaller foreign corporations rather than their larger cousins. We return to our long-term thesis: own quality junior exploration and mining companies with superior projects. Canaccord Adams"
2. It is an area play with Chinese, TEC Resources and Korea Zinc involved and region shaping into one of the Major Zinc deposits in the world, Canada's locations will add to the value down the road compare to lets say Afghanistan or Africa. Mr Lukas Lundin is back in play in M&A games as well with his Lundin Mining troubles behind him.
3. A lot of closed Zinc mines in the beginning of this year will never be opened again. It is more secure to start new production in safer area and with higher grades and to come back to number of operations worldwide. We are estimating explosive growth in the recovery phase in Cars production, including Electric cars and all relative infrastructure.
4. Management of CZX.v keeps all options opened and secured investment on our front runner this season TNR Gold TNR.v with its Lithium and REE International Lithium Corp. to be spin out later this year. With all Electric fever CZX.v wisely pointing to another ambitious play - TNR Gold Los Azules project.
"Los Azules is shaping into huge Copper deposit with NPV over 1 billion with Copper price above 2.1 USD/lb. Who knows better then Chinese where the commodity prices are going? We like to see that the company is not just sitting and playing on all these developments alone, but advancing its new Lithium and REE start up International Lithium Corp and preparing Alaska properties for Gold surpassing 1000 USD/oz."
FSC /
Announces Normal Course Issuer Bid Vancouver, British Columbia CANADA, August 06, 2009 /FSC/ - Canada Zinc Metals Corp. (CZX - TSX Venture), announces that it has filed a Form 5G with the TSX Venture Exchange ("TSXV") and received approval to purchase at market price up to 4,423,445 common shares, being approximately 5% of the Company's issued and outstanding common shares, by way of a normal course issuer bid (the "Bid") through the facilities of the TSXV. As of the date hereof there are 88,468,914 Common Shares of the Company issued and outstanding. The Bid will commence on July 31, 2009 and will stay open for 12 months. Canada Zinc Metals is engaging in a normal course issuer bid because it believes that the market price of its Common Shares does not properly reflect the underlying value of the Company. The purpose of the bid is to reduce dilution of the Company's shares and to enhance the potential future value of the Common Shares which remain outstanding, thus increasing long term shareholder value. Purchases connected with this Bid will be conducted through Canaccord Capital Corporation's offices in Vancouver. The Company will pay the market price of the Common Shares at the time of acquisition and will not purchase more than 2% of the total issued and outstanding common shares within any 30 day period. A copy of the Notice may be obtained by any shareholder of the Company, without charge, by contacting the Company's head office. In July 2009, Tongling Nonferrous Metals Group Holdings Co. Ltd., a state-owned holding company, and one of China's largest copper smelting companies, purchased 11.5 million units of the Company at a price of $0.425 per unit and now holds a 13% equity position in Canada Zinc Metals. About the Akie Property The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits. Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian 'Gunsteel' formation. The Company has filed a NI 43-101 report supporting the estimated inferred resource of 23.6 million tonnes grading 7.6% Zn, 1.5% Pb and 13.0 g/t Ag (at a 5% Zn cut off grade). The complete NI 43-101 technical report, titled "Geology, Diamond Drilling and Preliminary Resource Estimation, Akie Zinc-Lead-Silver Property, Northeast British Columbia, Canada" and dated May 30, 2008, can be viewed on SEDAR. Two similar deposits, Cirque and South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Cominco and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. ON BEHALF OF THE BOARD OF DIRECTORS CANADA ZINC METALS CORP. "PEEYUSH VARSHNEY" PEEYUSH VARSHNEY, LL.B CEO & CHAIRMAN
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