Past year: ▼ 40%(2.50c – 5.00c CAD)
Each one in plain English, with the numbers worked through for a shareholder.
11 Aug 2015drilling result▲ GoodMajor
The final seven holes all hit mineralisation and the northernmost was the best of the year: PCU-15-72 returned 7.5 m at 33.67% zinc, 17.77% lead and 247 g/t silver in vein, then 24.5 m at 11.95% zinc, 6.92% lead and 116 g/t silver of stockwork, then a second vein over 4.5 m. PCU-15-69 gave 13.0 m at 28.15% zinc, 21.5% lead and 452 g/t silver. Mineralisation is still open to the north, into ground currently classed as inferred.
24 June 2015drilling result▲ GoodMajor
A second, previously unknown vein was found 75 m into the footwall of the Main Quartz Vein: PCU-15-62 cut 5.4 m at 19.8% zinc, 8.3% lead and 150 g/t silver, and PCU-15-65 intersected it again on the next section 50 m north. The same batch produced the program's thickest vein intercept, 8.4 m at 22.7% lead, 9.7% zinc and 226 g/t silver in PCU-15-64, and stockwork of 2.4 m at 32.7% zinc, 24.7% lead and 311 g/t silver.
9 June 2015drilling result▲ GoodMajor
Underground chip sampling on the 930 m level returned 4.4 m of true width grading 14.2% zinc, 5.6% lead and 119 g/t silver over 71.8 m of strike in the Northwest Drift, which makes the stockwork, previously treated as the lower-grade part of the deposit, look comparable to the vein. Drilling also cut the Main Quartz Vein about 300 m below the existing workings in PCU-15-59: 2.6 m at 14.82% lead, 3.95% zinc and 377 g/t silver.
14 May 2015auditor change● Neutral
Ernst & Young will not be proposed for reappointment at the 23 June 2015 annual meeting and KPMG is put forward instead. The notice records no modified audit opinions since January 2013 and no reportable events, so this is a change of firm rather than a disagreement.
5 May 2015drilling result▲ GoodMajor
All four of the first underground holes hit the Main Quartz Vein. The best, PCU-15-53, returned about 3.0 m of true width grading roughly 30% zinc, 27.5% lead and 289 g/t silver, though the release transposes the zinc and lead figures between its headline and its text. PCU-15-52 gave 5.36 m of stockwork at 11.9% zinc, 7.2% lead and 89 g/t silver. These are the grades needed to move inferred tonnes into the indicated category for the coming study update.
31 Mar 2015annual report● Neutral
Full-year 2014 results and 2015 outlook. The underground drill program is on its seventh hole and due to finish in the second quarter; its results are to feed a new resource estimate, then a new reserve and mine plan, then an updated prefeasibility study, which the company describes as the route towards full feasibility and project financing.
26 Mar 2015resource reserve update● NeutralMajor
AMC's rebuilt Prairie Creek estimate raises measured and indicated resources to 6.59 million tonnes at 10.2% zinc, 9.5% lead and 147 g/t silver from 5.43 million tonnes at 10.8%, 10.2% and 160 g/t in 2012, and inferred to 7.08 million tonnes at 11.7% zinc, 9.6% lead and 177 g/t silver from 6.24 million tonnes at 14.5%, 11.5% and 229 g/t. More tonnes at lower grades: the extra tonnage comes from 50 additional holes and underground chip sampling, and the fall in inferred grade from tighter geological constraints and a change of estimation method, not from anything found underground.
21 Oct 2014drilling result▲ Good
Eleven holes for 2,712 m extended the Long Lake massive sulphide zone up-dip, down-dip and along strike, with LL14-50 returning 1.20 m at 25.50% zinc, 5.90% lead, 1.29% copper, 189.7 g/t silver and 1.87 g/t gold and LL14-52 1.10 m at 19.56% zinc. Very high grades over one to two metres, against a deposit that holds only 0.48 million tonnes indicated.
7 Oct 2014material agreement▲ GoodMajor
Procon Mining and Tunneling won the tender to rehabilitate the Prairie Creek workings and carry out underground development and initial production. Procon did the 2004/5 rehabilitation and drove the 650 m exploration decline in 2006/7, and it is that decline the new drilling will be collared from.
11 Sept 2014drilling result● Neutral
Thirteen holes for 4,060 m of the planned 8,000 m Newfoundland program are done. GA14-278 returned 2.37 m at 13.23% zinc, 8.24% lead, 0.70% copper, 135.8 g/t silver and 0.67 g/t gold down-dip of the Hurricane prospect, and GA14-281 gave 2.49 m at 4.45% zinc between the Boomerang and Domino lenses; both are far narrower than the 15.3 m intercept that made Hurricane a target in the first place. Gerald Squires was appointed Newfoundland exploration manager.
31 July 2014capital raising announcement● NeutralMajor
The bought deal closed at $15.75 million gross, $10.0 million of units at $0.35 and $5.75 million of flow-through shares at $0.38 after the underwriters took part of the over-allotment. The unit money is for starting underground development at Prairie Creek, opening the winter access road, finishing the optimisation study and posting reclamation security.
24 July 2014resource reserve update● Neutral
Not new work. After the British Columbia Securities Commission reviewed the company's preliminary prospectus, Canadian Zinc re-filed its August 2012 Prairie Creek technical report to add post-tax economic figures, and re-filed the 2013 annual information form and management's discussion to match and to describe its assay and testing procedures.
10 July 2014capital raising announcement● NeutralMajor
A $15 million bought deal is agreed with Dundee, Canaccord Genuity and Paradigm: 13,160,000 flow-through shares at $0.38 for $5.0 million and 28,572,000 units at $0.35 for $10.0 million, each unit carrying half a warrant exercisable at $0.50 for three years.
What it means for a shareholder
28.6m new shares at $0.350 to raise about $10.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
18 June 2014drilling progress report● Neutral
An 8,000 m, two-rig program is announced for the Tulks South and Long Lake projects in Newfoundland, targeting the Hurricane prospect and extensions to two deposits whose estimates date from 2007 and 2012 and have not been revised since: Boomerang-Domino at 1.36 Mt indicated grading 7.1% zinc, 3.0% lead, 110 g/t silver and 1.7 g/t gold, and Long Lake at 0.48 Mt indicated grading 7.8% zinc.
29 Jan 2014drilling progress report● Neutral
An eight-to-ten hole, 3,000 m winter program starts at the Lemarchant Northwest zone, funded from the $4 million flow-through placement that closed in August 2013. The deposit's standing estimate is still the 2012 one: 1.24 Mt indicated at 5.38% zinc, 1.19% lead, 0.58% copper, 59.17 g/t silver and 1.01 g/t gold, plus 1.34 Mt inferred at lower grades.
12 Dec 2013drilling result▲ GoodMajor
In Newfoundland, 15 holes for 4,928 m extended the Northwest zone found earlier in 2013, 250 m from the Lemarchant deposit, to a 100 m strike length that is still open. The best intercept was 8.7 m at 8.21% zinc, 3.66% lead, 0.72% copper, 150.0 g/t silver and 3.24 g/t gold, with single samples of 463 g/t silver over 1.0 m and 17.5 g/t gold over 0.8 m.
9 Dec 2013drilling result▼ Bad
The 2013 Prairie Creek program was small, 1,472 m in five holes, and its main target failed: the electromagnetic anomaly found in 2012 was tested by PC-13-220 and PC-13-222 and interpreted as natural graphite in the Road River Formation rather than sulphide. The holes did return vein and stockwork mineralisation above and outside the current resource, best 5.1 m at 13.2% zinc, 8.0% lead and 144 g/t silver.
11 June 2013asset acquisition disposition▲ GoodMajor
Canadian Zinc raised US$10 million by selling Sandstorm Metals & Energy a 1.2% net smelter return royalty over Prairie Creek, keeping a 30-month right to buy it back at cost if Sandstorm funds a metal stream of at least US$90 million, on which Sandstorm took first refusal. Money raised without issuing shares, against a reserve of 5.2 million tonnes at 9.4% zinc, 9.5% lead and 151 g/t silver and a 2012 study showing a $193 million capital cost.
12 Dec 2012drilling result▲ GoodMajor
The 2012 program drilled 5,629 m in 12 holes at Prairie Creek and produced the richest silver ever reported on the property, 1.3 m at 2,059 g/t silver in PC-12-216, plus a coincident electromagnetic and gravity anomaly about a kilometre from the mill that became the 2013 priority target. The same filing carries the business acquisition report for Paragon Minerals, bought by plan of arrangement on 24 September 2012, which is how the Newfoundland projects came into the company.
16 Mar 2012material agreement● Neutral
A duplicate submission. Accession 0000910569-12-000006 carries exactly the same four documents as 0000910569-12-000005, filed the same day: the Zhongrun placement, the final 2011 Prairie Creek assays and the renewed Parks Canada memorandum. Nothing additional is disclosed.
16 Mar 2012material agreement● Neutral
A duplicate submission. Accession 0000910569-12-000007 carries exactly the same four documents as 0000910569-12-000005, filed the same day: the Zhongrun placement, the final 2011 Prairie Creek assays and the renewed Parks Canada memorandum. Nothing additional is disclosed.
16 Mar 2012material agreement▲ GoodMajor
One filing carrying three announcements: Zhongrun International Mining of Shandong bought a further 6,000,000 units at $0.67 on 10 February, taking it to 15,000,000 shares and 7,500,000 warrants, about 9.6% undiluted; the last two holes of the 2011 program returned 2.54 m at 9.93% zinc, 20.18% lead and 239 g/t silver and 10.68 m at 6.53% zinc, 8.03% lead and 92 g/t silver just south of the defined resource, on two previously unrecognised sub-parallel veins; and on 5 March the company renewed its memorandum of understanding with Parks Canada covering development of Prairie Creek beside the Nahanni National Park Reserve that surrounds it.
16 Mar 2012material agreement● Neutral
A duplicate submission. Accession 0000910569-12-000008 carries exactly the same four documents as 0000910569-12-000005, filed the same day: the Zhongrun placement, the final 2011 Prairie Creek assays and the renewed Parks Canada memorandum. Nothing additional is disclosed.
30 Jan 2012capital raising announcement● NeutralMajor
Four press releases in one filing track a single financing campaign that grew from the C$6 million announced on 13 December 2011 to about C$17.5 million: $2.5 million of flow-through shares and a $6.03 million first private-placement tranche closed on 30 December, and a $5.1 million bought-deal public offering underwritten by Canaccord Genuity, Northern Securities and Octagon Capital closed on 6 January 2012.
6 Dec 2011drilling result▲ Good
Step-out drilling 1.7 km north of the Prairie Creek mine hit the same vein-hosting fault structure: PC-10-187 assayed 0.52 m at 5.90% zinc, 4.92% lead and 34 g/t silver, and a wedge cut 50 m below it, PC-11-187W2, returned 3.50 m at 11.47% zinc, 5.26% lead and 84 g/t silver. Both intercepts sit stratigraphically above the rocks that host the defined resource, and the deeper follow-up hole PC-11-206 was stopped 230 m short of its target when winter closed the 2011 season.
27 June 2011capital raising announcement▲ GoodMajor
A $5 million unit placement at $0.90, each unit carrying half a warrant at $1.15 for 18 months, agented by Northern Securities with a $1 million over-allotment, to advance Prairie Creek towards production. The price has more than doubled from the $0.40 flow-through of June 2010 in eleven months, and $0.90 is the highest the company raises at anywhere in this record.
1 Feb 2011capital raising announcement▲ Good
A second flow-through placement closed, upsized from $2.0 million to $2.5 million at $0.70 a share, with insiders taking 200,000 shares. That is 75% above the $0.40 of the June placement six months earlier. The proceeds continue the deep-hole program north of the resource, where 2,700 m had been drilled in three holes.
19 July 2010capital raising announcement● Neutral
A $2.5 million flow-through placement closed at $0.40 a share through Northern Securities and Haywood, with a 7% cash commission and broker warrants over 10% of the shares. The money is earmarked for a deep-hole program 1.5 km north of PC-95-125, the northernmost hole defining the resource, which returned 6.3 m at 18.7% zinc, 8.5% lead and 239 g/t silver at 750 m down hole - the target that would occupy the company's drills for the next three seasons.
14 Jan 2010asset acquisition disposition● Neutral
Canadian Zinc paid $650,000 for 3.4 million shares of Zazu Metals, about 11.1% of it, buying exposure to the Lik zinc-lead-silver deposit in northwest Alaska, 22 km from Teck's Red Dog mine and held in a joint venture with Teck American. It is a share purchase, not a business combination, and it is the start of a portfolio of listed holdings that later shows up as the marketable securities on the balance sheet.
21 Sept 2009drilling progress report● Neutral
A drill program starts at the Tuvatu gold project on Viti Levu, Fiji, under a six-month option to acquire it expiring 31 October 2009 - a gold project on the other side of the Pacific from a zinc developer's only real asset. The drilling is meant to test extensions of the known gold zones and nearby anomalies before the option decision.
