Showing posts with label Zinc. Show all posts
Showing posts with label Zinc. Show all posts

Monday, May 10, 2010

Canada Zinc Metals: Tongling Nonferrous Metals Group Holdings Co. Ltd. Exercises Share Purchase Warrants CZX.v, TNR.v, LIN.to, BHP, FCX, BLS.to,


Tongling exercises its warrants at 20% premium to the market today (0.50CAD) - it is a very positive sign of commitment. Now Chinese company holds 17.5% in Canada Zinc Metals CZX.v, when will they bid for the whole company? Another important shareholder is Lundin Mining LUN.to With new Bailout in Europe direction is to Inflation and Commodities are the place to be. Another company we are following here is engaged in this Chinese M&A in Canada story: TNR Gold Corp. with International Lithium Corp. where CZX has a stake. Will shareholders in TNR Gold wake up one morning with new Chinese connection one day?


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"
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."



With rising Zinc prices value in the ground is rising as well, another value driver is exploration: company has set anagressive exploration program for this summer season now.
"2010 AKIE PROPERTY EXPLORATION PROGRAM
Canada Zinc Metals Corp.'s planning is progressing well for the 2010 exploration program on its flagship, 100-per-cent-owned Akie zinc-lead property, located in northeastern British Columbia, approximately 260 kilometres north-northwest of the community of Mackenzie.
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;
To further explore the highly prospective North lead anomaly, located approximately 2.2 kilometres 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 metre grading 11.60 per cent Zn and 9.05 per cent 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."


"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."








Posted on 05/10/10 at 7:36am by Chip Brian
Canada Zinc Metals Corp. (CZX - TSX Venture), is pleased to announce that Tongling Nonferrous Metals Group Holdings Co. Ltd. ("Tongling") has exercised 5.75 million share purchase warrants to acquire 5.75 million common shares at a price of $0.60 per share, for proceeds to the Company of $3,450,000.
"The Cardiac Creek deposit is one of the most significant discoveries in Canada in the past several years," commented Mr. Peeyush Varshney, CEO of Canada Zinc Metals. "We are pleased to see Tongling increase its stake in the Company."

With the exercise of the warrants, Tongling now holds a 17.65% equity position in the Company.
The proceeds of the private placement will be used to fund further exploration and advancement of the Company's Akie property and for working capital purposes.
Tongling Nonferrous Metals Group Holdings Co. Ltd., based in Tongling, Anhui, is a state-owned holding company, and one of China's largest copper smelting companies. Tongling's principal activities are exploration, mining, ore processing, smelting & refining and products processing of copper, lead, zinc, gold, silver and other non-ferrous and rare metals.

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.
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
Contact: Investor Relations
Phone (604) 684-2181
info@canadazincmetals.com"

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,


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."








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"

Tuesday, February 16, 2010

Canada Zinc Metals Equities & Economics Report CZX.v, TNR.v, HUD.to, LUN.to, FCX, BHP, RTP, TM, BLS.to, TCK



"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."



Canada Zinc Metals CZX.v will be our candidate for this trend. Company stock builds a Double Bottom Reversal at this moment after recent slide down with the soft general market, news from China about solid economic growth should ignite excitement again. Any corporate action will be the catalyst for this stock to regain its upside momentum.



Victor Goncalves


Equities & Economics Report


Canada Zinc Metals


Recent Price: 52 cents
Shares outstanding: 91,991,414
Working Capital: 4.5 million dollars


Since, the alert, the share price has moved up and come back a bit with the market pull back. This has created a bit of an opportunity to get some cheaper stock.
The world’s largest zinc deposit is running out of ore. The second largest mine has cut production due to margins. The fact is, that ratio is in favor of a shortage vs. a surplus of zinc, and that is why Tongling Nonferrous Metals Group is so interested in the deposit that Canada Zinc Metals has been busy working on and expanding for the past couple of years. The deposit that Canada Zinc Metals has come up with to date is quite impressive. 23.6 million tonnes grading 7.60% zinc, 1.50% lead and 13.0 g/t silver. The silver component is attractive. It needs to be said, that there is still plenty of potential in terms of deposit expansion. It is still unknown how big this could get, but what makes this very attractive right now to groups like Tongling, is that there is plenty of ore as it is, the grades are good, and the infrastructure is great. Not only is it great, but it actually exists. So many great deposits run into “the boonies” problem and they become a little less attractive, the Akie project doesn’t have that problem. They are in close proximity to a deep sea port (Prince Rupert), road (full access to the deposit), power (largest Hydropower facililty in British Columbai) and a near by town (Mackenzie) with an existing railway – all of which makes the development of the deposit much more feasible and less expensive. I would wager a bet that the Tongling is particularly impressed with the deep sea port access that allows the concentrate to be shipped right to its smelters on the Yangtze River.
When I first spoke to the president of Canada Zinc Metals, Peeyush Varshney, he told me that the level of interest by Tongling was (and continues to be) considerably high. So much so that the last investment Tongling made in this company was at twice the share price at that particular time. That level of “premium” (a 100%) is not a common event at all. Just to take economics into consideration, the size of the Akie deposit as it stands currently suggests in the neighbourhood of 4 billion pounds of zinc, and just over half a billion pounds of lead. I would wager that the silver would probably be treated as a credit. I would guess that the insitu value of this project would be somewhere around 500 million dollars as it stands - so it is clearly undervalued.
I would get into the details of the deposit but they are quite straight forward. It is just a question of how much bigger will the deposit be. In my opinion, one of the reasons for this success story lies in the capacity of the management. Peeyush Varshney, and his group, do an exceptional job at managing this company and after some further due diligence, it appears that a majority of what they touch turns out to be successful. This makes me quite comfortable with the company.For more information and details on Canada Zinc Metals please visit http://www.canadazincmetals.com/"

Wednesday, January 13, 2010

Canada Zinc Metals: Investing in China, Cars and Nano - peoples car. CZX.v, TNR.v, LUN.to, FCX, HUD.to, TTM, BYDDY, TM, BHP, TCK, BLS.to, F, NSANY,

CNBC Video: America meets Nano


How can this tiny, very basic car with a price tag of USD2500 in India change the world? It is changing lives in India already one family at a time. It brings freedom of personal mobility to second most populous country in the world and brings to us new investment opportunities.


We do not know how Tata Motors can make money on these cars, but we know that every car will need steel treated with Zinc and battery with Lead. USD2500 opens doors to personal mobility for millions, with level of 25 cars per 1000 population - this market has a long way to go to Western standards. It is again our magic "Growth from Low Base" in action.


One of our top picks Canada Zinc Metals CZX.v was moving up steadily all last year from below 0.2CAD to recent 0.66CAD level. Chinese Tongling has acquired 13% of the company and now will be close to 20% if will exercise its warrants. It is an important issue for us in our Lithium and REE plays as well - last summer CZX.v announced strategic investment into TNR Gold.
"Peeyush Varshney, Chairman and CEO of Canada Zinc Metals, commented, "This strategic investment into TNR and its proposed spinoff subsidiary, International Lithium Corp, will give our shareholders diversification into the growing opportunities that rare metal industries are offering. Furthermore, the investment gives us an interest in TNR's stake in the significant Los Azules copper project in Argentina."
One day we can wake up with new shareholders in TNR Gold with a very deep pockets. Recent news on Tongling acquiring Copper assets in Ecuador with Chinese Railway Construction Corporation speaks for itself about place of this company in Chinese Government circles. It is no surprise that Los Azules has attracted their attention.
"China's second largest copper producer, Tongling Nonferrous Metals Group Holdings Co, has joined with China Railway Construction Corp (CRCC) to make an agreed bid for Canada's Corriente Resources Inc."


Meanwhile company continues its work on one of the largest Zinc-Lead deposits in the world in stable Canada. Results from exploration shows further extension of the mineralised zone at the deposit and new discoveries at North Lead Anomaly. With two deposits in the area with magnitude of 50 million tones, dominant land holding in the area by CZX.v provides opportunity to consolidate the area with 100 million tons exploration target, which will put this on par with the top 10 largest Zinc-Lead deposits in the world.


10.78 Metres Grading 10.76% Zinc, 2.31% Lead, 17.88 G/T Silver And 8.50 Metres Grading 9.75% Zinc, 1.92% Lead And 14.79 G/T Silver
Vancouver, B.C. – December 10, 2008 – Canada Zinc Metals Corp. (TSX Venture: CZX (“Canada Zinc” or the “Company) is pleased to report further assay results from its 2008 drill program on the zinc-lead-silver bearing Cardiac Creek (CC) deposit. The CC deposit is on the 100% owned Akie property in northeastern British Columbia, approximately 260 kilometres north-northwest of the town of Mackenzie.

2008 Cardiac Creek Deposit Drill Program

The primary objectives of the 2008 drill program were to determine both the updip and on-strike extent of the CC deposit as well as to better define it within key selective areas. Information gained from this work will assist in forward planning for future exploration programs that may include advanced underground drilling and sampling activities.
Hole A-08-58 yielded an interval of 20.19 metres grading 9.35% zinc +lead (including 8.5 metres grading 11.67% zinc+lead). This intercept indicates that mineralization is still open in an updip direction from this hole. Holes A-08-64 (11.12 metres grading 9.03% zinc+lead) and A-08-66 (which includes 8.23 metres grading 6.96% zinc+lead) tested the southeastern extension of the deposit – these results are highly encouraging as they validate that mineralization remains open in this direction. Hole A-08-65 contains several high grade intervals (including 10.78 metres grading 13.07% zinc+lead) that confirm both the thickness and high grade of the CC deposit to the northwest. The high grade in hole A-08-60A (5.19 metres of 14.00% zinc+lead) supports the interpretation of a high grade core continuing to the northwest direction and highlights the value of some further drilling in this open area. In summary, the drilling completed to date indicates a strike length potentially exceeding 1 kilometer and a dip extent exceeding 550 metres.
Compiled assay drill hole summary results derived from analytical data received from Acme Analytical Laboratories Ltd. of Vancouver, BC, for six additional holes are presented here.

Exploration Elsewhere on the Akie Property

'The Company also successfully completed 2 holes (1,114 metres) on the North Lead Anomaly, located some 2.3 kilometres northwest of the nearest drill hole to intersect significant CC zinc-lead mineralization. These were designed to further investigate the Gunsteel formation hosted massive sphalerite-galena-pyrite-barite mineralization encountered by Inmet Mining Corporation in 1996. Results of these holes and analysis of the area are documented in a separate press release dated November 18.
Our 2008 exploration program, now completed, has provided valuable insights into new target areas which will allow us to better forward plan our 2009 exploration program. We are very pleased with this year’s drilling results and anticipate that they will result in an expansion of the defined resource. The completion of the road to the south eastern edge of the mineralization will allow a much more cost effective program to be implemented in the coming year and is a material component in our long range plans,” commented Jim Mustard, President of Canada Zinc Metals. “The CC deposit is one the most significant discoveries in Canada in the past several years.”Further details on these and previous results, including an updated long section plot of all drill holes is available on the Company’s new website: http://www.canadazincmetals.com/ .

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 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 recently 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.
Qualified Person
John R. Fraser, P.Geo. (B.C.), Vice President of Exploration and a Director of Canada Zinc Metals is the Qualified Person for the Company, as defined by NI 43-101, and is responsible for the technical information contained in this release."
 

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