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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,
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"
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