RE: Article from "China daily"Interesting article...the Chinese have $ trillions of US reserves. They will continue deploying those funds by buying up resources / commodities over seas.
Tongling (state-owned Chinese mining company) is the front runner re: Canada Zinc Metals...will they step up and make an offer for the whole thing? I think there are other Chinese companies knocking on the door, not to mention Teck and Korea Zinc owning a deposit right next to Akie...you'd have to think they are also potential suitors.
L.J.
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 Corp. are current significant shareholders of Canada Zinc Metals Corp.