Issue link: http://resourceworld.uberflip.com/i/685011
16 www.resourceworld.com J U N E / J U L Y 2 0 1 6 accessible Akie property is about 260 km north-northwest of Mackenzie. The Cardiac Creek deposit is the key target on the Akie property. It contains a NI 43-101-compliant indicated resource of 12.7 million tonnes grading 8.4% zinc, 1.7% lead and 13.7 g/t silver (at a 5% zinc cut-off grade), as well as an inferred resource of 16.3 million tonnes, grading 7.4% zinc, 1.3% lead and 11.6 g/t silver (at a 5% zinc cut-off grade). Canada Zinc said recently it hopes to update that resource to incorporate drilling conducted since 2012 that includes 20 drill holes, totaling 10,021 metres. "We anticipate that the latest update will increase confidence in the resource and reaffirm our belief that the Cardiac Creek deposit holds significant promise for continued expansion at depth," said President and CEO, Peeyush Varshney. Canadian Zinc Corp. [CZN-TSX; CZICF- OTCQB] is a development-stage company. Its main goal is to bring the wholly-owned Prairie Creek Mine into production as soon as financing can be obtained for the Northwest Territories project. Pre- production capital costs, including that of a new all season road, are estimated at $244 million according to the results of a pre- liminary feasibility study (PFS) announced in March 2016. Proven and probable reserves now stand at 7.6 million tonnes, averaging 8.93% zinc, 8.33% lead and 127.58 g/t silver. The PFS foresees average annual pro- duction rate of approximately 60,000 tonnes of zinc concentrates and 55,000 tonnes of lead concentrates containing 86 million pounds of zinc, 82 million pounds of lead and 1.7 million ounces of silver. The company also controls over 500 km 2 of prospective ground hosting three known polymetallic deposits as well as numerous early stage exploration targets in central Newfoundland. The company is trying to determine whether or not it would be fea- sible to develop the Newfoundland deposits through a central milling facility. The Tally Pond Project is located in a proven base metal mining district, approximately 40 km south of the past-producing Buchans Mine and Teck Resources' Duck Pond Mine and mill complex, which closed last year after running out of ore. InZinc Mining Corp. [IZN-TSXV; LTHGIF-OTC] is an emerging mid-tier producer with a focus on advancing its wholly-owned West Desert Project in west- ern Utah. The company said, in an April 2014, independent preliminary economic assessment, the project has the potential to produce almost 108 million pounds of zinc, 10 million pounds of copper and 1 million tonnes of iron (magnetite) concentrate on an annual basis over 15 years. Vendetta Mining Corp. [VTT-TSXV] is a Canadian junior exploration com- pany with an emphasis on lead and zinc. It is currently focused on advanced stage exploration projects in Australia, includ- ing the recently optioned Pegmont lead-zinc project in Queensland. On May 5, 2016 the company closed a $2.5 million private placement comprised of 50 million units priced at $0.05 per unit. As a result of the placement, Solitario Exploration & Royalty [SLR-TSX; XPL-NYSE] will own just shy of 10% in Vendetta (rising to over 18% if warrants are exercised). "Having Solitario as a strategic partner in Vendetta re-confirms our belief that the Pegmont Project is on the right trajectory and provides us with a key partner as we advance our corporate objectives,'' said Vendetta President, Michael Williams. Proceeds of the private placement will be used to advance the project. Pegmont is a multiple lens, stratiform Broken Hill-style deposit and is hosted in a magnetite rich banded iron formation within high grade metamorphic rocks. n www.resourceworld.com