RE:RE:RE:RE:RE:CZX results first 2 holesNot sure how this will come out but comparing these results with historical one is interesting.
Historical results.
https://www.canadazincmetals.com/_resources/presentations/CZX-Corp-Pres-Sept-2017.pdf
P. 15
Comparison
A-17-132 - True Width (cumulative average) is 4th when you include to the historical results.
Zn+Pb (%) -(cumumulative average, 11.53) is the lowest historical results to date and lower than historical average (15.07).
Overall it is great to see consistent Zn+Pb (%) above 10% on A-17-132.
CZX uses a 5% cut off in the map below.
https://www.canadazincmetals.com/_resources/maps/2017-Akie-DDH-Plan-Map-Deposit.pdf
Please keep in mind that I'm not a mining expert. My methodology is using an average.
I would be curious to see if the company could compare these results with historical ones..
| Drill Hole | From (m) | To (m) | True Width (m)* | Zn (%) | Pb (%) | Ag (g/t) | Zn+Pb (%) |
| A-17-132 | 520.29 | 573.08 | 42.43 | 6.41 | 1.08 | 10.6 | 7.49 |
| CC | 537.41 | 573.08 | 28.67 | 8.84 | 1.54 | 14.2 | 10.38 |
| including | 546.41 | 571.06 | 19.81 | 10.52 | 1.87 | 15.9 | 12.39 |
| including | 546.41 | 566.01 | 15.75 | 10.96 | 2.01 | 16.7 | 12.97 |
| including | 546.41 | 559.05 | 10.16 | 12.18 | 2.24 | 17.2 | 14.42 |
| A-17-133 | 341.08 | 388.38 | 33.14 | 4.77 | 0.78 | 8.5 | 5.55 |
| CC | 351.03 | 387.57 | 25.63 | 5.68 | 0.94 | 9.6 | 6.62 |
| including | 361.9 | 381.1 | 13.48 | 8 | 1.4 | 12.9 | 9.4 |
| including | 367.68 | 381.1 | 9.42 | 10.3 | 1.81 | 16 | 12.11 |
| | | | | | | | |
| Drill Hole | | | True Width (m)* | | | | Zn+Pb (%) |
| A-17-132 | | | 23.36 | | | | 11.53 |
| A-17-133 | | | 20.42 | | | | 8.42 |
| | | | | | | | |
| Histx Drill Hole | | | True Width (m)* | | | | Zn+Pb (%) |
| 05 to 15 | | | 17.82 | | | | 15.07 |
| | | | | | | | |
| | | | | | | | |
| Drill Hole | | | True Width (m)* | | | | Zn+Pb (%) |
| _05-30 | | | 24.63 | | | | 14.69 |
| _05-32 | | | 19.6 | | | | 14.7 |
| _07-42 | | | 8.6 | | | | 17.07 |
| _07-45 | | | 26.11 | | | | 16.98 |
| _07-49 | | | 14.13 | | | | 13.65 |
| _07-50 | | | 14.69 | | | | 20.08 |
| _07-51 | | | 24.63 | | | | 12.4 |
| _07-53 | | | 11.36 | | | | 15.15 |
| _08-57 | | | 14.44 | | | | 12.14 |
| _15-121 | | | 20.84 | | | | 15.69 |
| _15-124 | | | 17.04 | | | | 13.2 |
ARIMA11 wrote: These are impressive results: grade, mapping, coverage, and depth! I must commend them on the presentation. Now, how the market will react is another thing, but finally some results.
And they are very good! Let's see the other 6 six soon.
ilikezn wrote: Tongling Nonferrous Metals -- State owned enterprise and largest shareholder of CZX - paid $680 million for Corriente (undeveloped copper deposits in Ecuador).
So they have the capability to potentially write a big cheque to buy CZX. Even $250 million purchase price means $1.50 per share for CZX.
Buy the companies (like CZX) that are clearly undervalued -- where there remains tremendous upside in valuation.
No interest in AZ.