RE:NEWS OUTVancouver, British Columbia (FSCwire) - 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, will be meeting with senior representatives of Tongling Nonferrous Metals Group Holdings Co. Ltd. (“Tongling”) during the first week of October 2016.
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.
Mr. Peeyush Varshney commented, “This meeting comes at a time when many in the industry anticipate the zinc market to continue moving into significant deficit over an extended period with further mine closures and depleting inventories. The shortage of mine supply has zinc inventories being drawn down below critical levels. We look forward to meeting the Tongling delegation next week.”
Tongling currently holds approximately a 32 per-cent equity position in Canada Zinc Metals.
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