RE:RE:RE:RE:RE:RE:If you like the prospects of Zinc....Wiseone, as I said in one of my first posts -- I've done a ton of due diligence on junior zinc plays and the only 2 worth owning are AZ and CZX.
All the rest are noise / distractions / trying to create hype.
Smart money is starting to accumulate CZX at these levels (look at share price chart) - and it is thinly offered. You can see that the price wants to move much higher...and it should based on the quality of the deposts / prospective land package. How many juniors have 3 major mining groups as shareholders. Speaks to quality. Could see at least 500% appreciation shortly / similar run that AZ had.
Nice to see AZ holding its ground - even with the pp having come free trading last week. Still long on 2/3 of my position.
Ilikezn wrote :
Wiseone, I sold one third of my AZ position last week around $1.75 and used the proceeds to buy some Canada Zinc Metals (CZX). As I said before I think AZ has gotten a bit ahead of itself - so cashed in a bit and reinvested in another high quality zinc-lead-silver play. Also there is 6 million AZ units at $0.42 coming free on July 3 - I thought it was prudent to sell a bit.
CZX put some news out today -- almost 5 billion pounds of zinc, almost a billon pounds of lead and some silver as well. A majority in the Indicated category (over 100 holes already drilled in the deposit).
AZ has about 25 or 30 holes, all tonnage is in the inferred category.
CZX trading at $0.25 (just $35 million market cap), AZ $1.80 ($430 million market cap).
Both very good projects -- I just think CZX share price has room to run.
From CZX news release today :
The new NI 43-101 report clearly demonstrates that the Cardiac Creek deposit is robust and remains one of the premier undeveloped zinc-rich base metal projects in the world
About Canada Zinc Metals Corp. (TSX.V : CZX ; Frankfurt: A0RAQJ )
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 the Kechika Trough, a world class mineral belt, which hosts in excess of 80 million tonnes of base metal resources.
Canada Zinc Metals owns a total of 79,780 hectares in 230 mineral claims which extend northwestward from the Akie property for a distance of 140 km.
The Company has outlined a NI 43-101 compliant mineral resource at its flagship Akie property, including an indicated resource of 19.6 million tonnes grading 8.2% zinc, 1.6% lead and 13.6 g/t silver (at a 5% zinc cut-off grade) and an inferred resource of 8.1 million tonnes grading 6.8% zinc, 1.2% lead and 11.2 g/t silver (at a 5% zinc cut-off grade). Using this estimate, the deposit contains 3.54 billion pounds of zinc, 685 million pounds of lead and 8.6 million ounces of silver in the indicated category, and 1.2 billion pounds of zinc, 207 million pounds of lead and 2.9 million ounces of silver in the inferred category (at 5% zinc cut-off). The deposit remains open along strike and at depth.
Tongling Nonferrous Metals Group, Jintuo (Canada) Investment Co. Ltd, Teck Resources and Korea Zinc are significant shareholders of the Company.
Teck Resources and Korea Zinc have also entered into an option agreement with Canada Zinc Metals in relation to 3 of the Company's Kechika Regional Properties.