Past year: ▼ 40%(2.50c – 5.00c CAD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
20 Aug 2010quarterly activities report● Neutral
Half-year 2010 results rather than a drill report: net income of $2.578 million for six months, but a $4.661 million loss in the second quarter alone, the swing driven entirely by gains and then losses on the company's portfolio of marketable securities. A diamond drill program is starting at Prairie Creek.
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.
15 June 2009well test result▲ Good
Phase 5 metallurgical testing on a 530 kg bulk sample taken from underground, run at SGS Lakefield with real mine water through the flow sheet filed in the May 2008 project description, returned positive locked-cycle results. It is a processing test, not a well test, and it supports the permit applications then in environmental assessment before the Mackenzie Valley review board.
20 July 2007drilling result▲ GoodMajor
The sixth section of underground drilling off the decline, Section 50800N: all seven holes hit vein mineralisation, best PCU-07-037 with 2.11 m at 26.78% zinc, 16.97% lead, 287 g/t silver and 0.795% copper, and PCU-07-035 4.60 m at 16.61% zinc, 7.85% lead and 176 g/t silver. Six sections have now been drilled through the 2006/07 winter, and the pattern is consistently high grade over narrow widths.
20 Apr 2007annual report▲ Good
Full-year 2006 results rather than drill assays: a net loss of $1,486,416, $29 million of cash and short-term investments at year end after raising $24.5 million during the year, and a $9 million budget approved for Prairie Creek in 2007. The company spent $7.9 million on the property in 2006, its largest programme since the mine was built.
13 Mar 2007drilling result▲ GoodMajor
The earliest cached event, and the record starts mid-programme rather than at a beginning: underground drilling from the newly driven decline at Prairie Creek returned the first six holes of Section 50650N, including PCU-06-003 with 6.40 m at 12.42% zinc, 15.55% lead, 396 g/t silver and 1.185% copper, and PCU-06-001 with 4.59 m at 23.87% zinc, 9.11% lead and 170 g/t silver. One hole, PCU-06-004, found no significant mineralisation.
