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  • Canada Zinc Metals to meet with Tongling Nonferrous Metals Groups at end of February czx.v, lun.to, tnr.v 0 comments
    Feb 25, 2011 9:08 AM | about stocks: RIO, TCK, BHP, FCX
      
     
      Go where the growth is - this company is ideally positioned to benefit from Chinese expansion in Infrastructure and Auto sector. We guess that this trip will be dealing with further Akie developments and maybe M&A activity. 
     
      Zinc and Lead markets are still nowhere near to the Copper excitement about recovery and Reinflation stage of the global economy - it is the good time to consolidate project at this price level of the commodity. Company has issued a news release today on current activities at the Akie project. The stock CZX.v is currently trading below the latest financing at 0.775CAD.
      We hope to get some more news at PDAC this year in the beginning of March in Toronto.
     
     
      With its stake in TNR Gold with its Lithium, Rare Earths, Gold and Copperportfolio - Canada Zinc Metals is covering all bets on growth in China and its largest shareholder Chinese Zinc and Copper giant Tongling definitely knows what it means."




     
    Vancouver, British Columbia CANADA, February 25, 2011 /FSC/ - Canada Zinc Metals Corp. (CZX - TSX Venture), is pleased to provide an update on current activities on its 100% owned Akie property, which includes the Cardiac Creek SEDEX zinc-lead-silver deposit. The property is located approximately 260 kilometers north-northwest of the town of Mackenzie in northeastern British Columbia, Canada.
     
    Geotechnical results from the 2010 geotechnical drill program have provided important engineering design criteria for the planned haul road and rock waste dump that will be required to support the proposed underground diamond drill exploration program.
     
    Crews are planning to mobilize to the Akie project site at the end of February to clear snow, open camp and prepare for the next phase of geotechnical drilling. The current plan is to extend the lower access trail an additional kilometer to the planned portal site. This will be followed up by a series of geotechnical drill holes and excavator test pits that will assess the competency of the overburden and bedrock at the portal site and along the planned decline. Wells will be established for groundwater testing. This program is anticipated to be completed by late April, 2011.
     
    The phase two geotechnical program will provide detailed engineering design criteria for the portal and the decline, including confirmation of the planned ground support. Permitting for underground exploration is anticipated to be complete and ready for submission to the BC government by the end of April 2011. Subject to receiving the necessary permits, a construction start-up is envisioned for the summer of 2011.
     
     
    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 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.
     
    Ken MacDonald P.Geo., Vice President of Exploration, is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.
     
    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"




     

     
     
     
    February 22, 2011
    Vancouver, B.C. – Tuesday, February 22, 2011 – Canada Zinc Metals Corp. (TSX.V : CZX) (“Canada Zinc Metals” or the “Company”) is pleased to report that the Company’s President and CEO, Peeyush Varshney, and Vice President of Exploration, Ken MacDonald, have been invited overseas to meet with senior representatives of Tongling Nonferrous Metals Group Holdings Co. Ltd. (“Tongling”). The meetings are scheduled for the end of this month.
     
    Tongling, 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.
     
    Tongling currently holds approximately a 36 per-cent 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 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 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.
     
    Ken MacDonald P.Geo., Vice President of Exploration, is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.
     
    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"

    Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.
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