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ZAZU METALS CORPORATION V.ZAZ

"Zazu Metals Corp is engaged in the exploration and development of mineral properties. The Company acquires an interest in zinc, lead and silver exploration property, known as the LIK property, located in Alaska."


TSXV:ZAZ - Post by User

Bullboard Posts
Post by Goldman9on May 28, 2009 11:14pm
167 Views
Post# 16025767

From the news, except 3.3 Billion reserves,

From the news, except 3.3 Billion reserves,

Some points are worth of focusing on:

"The resource estimate was based on the results of 204 diamond drill holes, totalling 34,460 metres.

Zazu is in the enviable position of having a limited number of shares outstanding, no debt and a strong treasury. Taking Lik from exploration into the early development stages last year, Zazu continues development with the following plans for 2009: 

Teck is a 50-per-cent joint venture partner in the Lik deposit, however Zazu has the exclusive right to obtain 80 per cent of the property by meeting certain spending commitments by 2018."

Bullboard Posts