RE: RE: RE: Very good news ! I'm buying more at these levels...best zinc play in the junior space, IMO. That's almost 30 million tonnes of 10% Zn+Pb. With silver kicker...
Vancouver, British Columbia, Canada – Wednesday, March 14, 2012 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to announce the results of an updated National Instrument 43-101-compliant resource estimate for its 100% owned Akie property, host to the Cardiac Creek SEDEX Zn-Pb-Ag deposit, located approximately 260 kilometers north-northwest of the town of Mackenzie, in northeastern British Columbia, Canada.
Highlights of the updated mineral resource are as follows:
- Indicated resource of 12.7 million tonnes of 8.38 % Zn, 1.68% Pb & 13.7 g/t Ag at 5% Zn cut-off
- Inferred resource of 16.3 million tonnes of 7.38% Zn, 1.34% Pb & 11.6 g/t Ag at 5% Zn cut-off
- 23% increase in overall tonnage compared to the previous (2008) estimate
- Upgrade of 44% of the total resource into the indicated category