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Canada Zinc Metals Corp. V.CZX

"Canada Zinc Metals Corp is a Canada based company that operates only in one business segment, that being the Exploration and Evaluation of resource properties. The organization extracts majorly zinc, lead, and silver, out of which zinc provides more revenue to the company."


TSXV:CZX - Post by User

Post by ilikeznon Nov 02, 2016 3:40am
194 Views
Post# 25414057

Zinc price hits 5 year high...

Zinc price hits 5 year high...An email I received from the Company today :

Canada Zinc Metals Corp. (TSX.V : CZX) - Zinc hits five-year high

Please find below, for your information, an excerpt from a Bloomberg article, dated November 1, 2016 

Zinc hits five-year high as metal traders bet on China rebound 

1st November 2016 

By: Bloomberg

JOHANNESBURG/NEW YORK – Zinc touched the highest in five years as the London Metal Exchange’s annual LME Week began with investors betting that a rebound in demand from China will underpin prices. Mining stocks also climbed.

Metals are extending their advance after China’s economy stabilised in the third quarter, expanding 6.7% from a year earlier, to bolster the outlook for commodities demand. Zinc prices have gained 53% this year amid a growing supply shortage.

“The strong zinc fundamentals remain unchanged in the past weeks,” Richard Fu, the head of Asia & Pacific at Amalgamated Metal Trading, in London, said in an e-mail. “The general macro economic figures in China recently are not bad.”

Zinc for delivery in three months rose 2.6% to settle at $2 458 a metric ton at 5:50 pm on the LME, after touching $2 479.50, the highest since August 2011.

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.


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