Canadian Zinc Corporation is a development stage company listed on the Toronto Stock Exchange under the symbol "CZN", in the United States on the OTCQB under the symbol "CZICF" and in Germany on the Frankfurt under the symbol "SRS" and is engaged in the business of exploration and development of natural resource properties. The Company has an experienced Executive and Board and is headquartered in Vancouver, BC.
Prairie Creek Mine, Northwest Territories
Canadian Zinc aims to bring its 100%-owned Prairie Creek Mine into production at the earliest possible date once engineering is completed and economics are optimized, which in turn should enable financing to be completed. The mine, situated in the Mackenzie Mountains of the Northwest Territories, has a fascinating history which includes the famous Hunt Brothers' plan to corner the world silver market in the early 1980's. The mine hosts substantial resources of high-grade silver, zinc, and lead coupled with the established infrastructure development.
The 2012 Prairie Creek economic parameters were based on an estimated Mineral Reserve containing 5.22 million tonnes of Proven and Probable Mineral Reserves averaging 9.4% Zn, 9.5% Pb, 0.3% Cu and 151 g/t Ag located in proximity to three underground levels. At the time, the Mineral Resources, which are less well defined than reserves, were estimated to be 5.43 million tonnes of Measured and Indicated Mineral Resources with an average grade 10.8% Zn, 10.2% Pb, 0.31% Cu and 160 g/t Ag (which were converted to Reserves) as well as 6.24 million tonnes of Inferred Mineral Resources with an average grade of 14.5% Zn, 11.5% Pb, 0.57% Cu and 229 g/t Ag (which remain open-ended for future definition drilling).
Prairie Creek has received a positive decision on the Environmental Assessment completed by the Mackenzie Valley Environmental Impact Review Board in December 2011 and in June 2013, the Mackenzie Valley Land and Water Board completed its regulatory process for the issue to Canadian Zinc of a Type "A" Water Licence. This Licence and the Reasons for Decision, which describe the rationale behind the conditions finalized in the Water Licence, was forwarded to the Federal Minister of Aboriginal Affairs and Northern Development Canada with the recommendation that the Minister approve and sign the Licence.
This Licence was signed on September 8, 2013 and, in tandem with receiving the necessary permits from Parks Canada for road access through the Nahanni National Park Reserve, Canadian Zinc now holds all the necessary significant documents for the construction, development and operation of the Prairie Creek Mine.
In March 2015, Canadian Zinc updated the Prairie Creek Mineral Resource estimate based on additional drilling completed between 2012 and 2014 and new engineering parameters. Measured and Indicated Resources total 6.59 million tonnes averaging 10.2% Zn, 9.5% Pb and 147 g/t Ag; while Inferred Resources total 7.09 million tonnes averaging 11.7% Zn, 9.6% Pb and 117 g/t Ag. Proven and Probable Reserves remain unchanged.
The Mineral Resources were upgraded again in the fall of 2015 following the completion of an underground diamond drill program. Measured and Indicated Resources increased to 8.70 million tonnes averaging 9.5% Zn, 8.9% Pb and 136 g/t Ag while Inferred Resources remained relatively unchanged at 7.0 million tonnes averaging 11.3% Zn, 7.7% Pb and 166 g/t Ag. These resources will form the basis around which an optimized mine plan will be designed and a new Mineral Reserve calculated.
Central Newfoundland Mineral Properties
Canadian Zinc acquired two companies with extensive land packages in central Newfoundland considered highly prospective for copper-lead-zinc-silver-gold Volcanogenic Massive Sulphide Deposits. Canadian Zinc now controls in excess of 500 square kilometres of prospective ground that includes three polymetallic deposits with NI 43-101 compliant resources as well as numerous early stage exploration targets.
The South Tally Pond project is located in a proven base metal mining district, approximately 40 kilometres south of the past-producing Buchans Mine with historic production of 16.2 million tonnes grading 16.2% zinc, 7.6% lead, 1.37 g/t gold and 126 g/t silver; and immediately adjacent to Teck Resources Limited's Duck Pond Mine and mill complex which continues to operate at a rate of 1,800 tonnes per day producing copper and zinc concentrates, but appears to have a limited mine life of approximately one year. The South Tally Pond project includes the Lemarchant deposit and the Northwest target which are similar in geology to that of Duck Pond. Additional resources are drill-defined within the Tulks South project and include the Boomerang and Domino deposits and the Hurricane target while the Long Lake project hosts the Main Zone deposit, all within 50 kilometres of South Tally Pond.
Our Mission Statement
To bring value to our shareholders through the development of advanced precious and base metals projects.