Canadian Zinc is perking along. I met with them at NYC hard assets show. a round of environmental meetings recently completed. I sent email to their IR department and learned:
1) Drilling continues on the deep hole at about 4800 feet. No sign of the Whitticker formation which hosts the vein, but we should be nearing. Then we hope to find the vein. We are prepared to go 6500 feet if the geologists conclude that we should.
2) Nothing on permitting until after meeting Sept 8.
3)Meeting scheduled with the press Aug 10 for news by the NT government and Federal gov’t granting CZN a $ 4,000.000.00 grant to train employees
Yellowknife ( August 18 /2011)
GNWT and Canadian Zinc to Sign Socio-economic Agreement
The Ministry of Industry, Tourism and Investment (ITI),the Minister of Education, Culture and Employment (ECE), and the Chairman of the Board of Canadian Zinc Inc., will sign a Socio-Economic Agreement (SEA) on Monday, August 22, 2011, for the proposed Praiorie Creek Mine.
The Priarie Creek SEA formalizes commitments by Canadian Zinc with respect to employment,. training, business opportunities and oyher related benefits for North West Territoies (NWT) residents. It also details measures to monitor and adapt to possible socio-economic impacts related to the proposed project.
Members of the media are invited to a press conference after the signing
Date: Monday, August 22, 2011
Time: 10:00 am - 11:am
Location: Media Room, Legislative Assembly
For Out of Town Media:
Phone: 1866 969-8429
Access Code: 7007230
For more information, Please contact
Office of the Premier/Cabinet
Government of the North West Territories
Phone: 867 669-2304
the mine is often considered for its zinc value rather than its silver value and with two of the world’s largest zinc mine’s set to close in the next 18 months, the zinc price is set to soar beginning in 2013. Nyrstr just bought up Breakwater Resources in preparation for this.
Intrigued? Then you’ll also be interested to know that the final permit for this mine could come as early as this fall.
Here are a few more details:
I see that another hurdle has been taken - Environmental Approval (dec 09) - looking good. This approval, combined with the Harper government's desires to develop things, and Eric Sprott being the largest shareholder - hey, I'm in! Not much of a risk to pick up 10K or 20K or so at 70 cents, given the huge upside.
A real "hot tip" for once!
I attempted to profile this Company for my blog and could NOT find the obligatory corporate presentation for love nor money. I e-mailed so called "IR" and the response I got, after an hour and a half, was useless.
Shareholders pay for this horsechit, one way or another.
And for the record I have profiled in excess of 300 public companies and this has happened a grand total of 3 times.
Looking good - pennies to dollars soon!