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Last C$0.10 CAD
Change Today -0.005 / -5.00%
Volume 110.2K
CZN On Other Exchanges
As of 3:06 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

canadian zinc corp (CZN) Snapshot

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52 Week High
09/4/14 - C$0.33
52 Week Low
07/24/15 - C$0.09
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canadian zinc corp (CZN) Details

Canadian Zinc Corporation engages in the exploration and development of natural resource properties in Canada. The company’s principal project is the Prairie Creek Project, a zinc-lead-silver property located in the Northwest Territories. It also owns land package in central Newfoundland. The company was formerly known as San Andreas Resources Corporation and changed its name to Canadian Zinc Corporation in May 1999. Canadian Zinc Corporation was founded in 1965 and is headquartered in Vancouver, Canada.

22 Employees
Last Reported Date: 03/31/15
Founded in 1965

canadian zinc corp (CZN) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: C$159.2K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$175.0K
Chief Operating Officer, Vice President of Ex...
Total Annual Compensation: C$269.0K
Vice President of Exploration
Total Annual Compensation: C$175.0K
Compensation as of Fiscal Year 2014.

canadian zinc corp (CZN) Key Developments

Canadian Zinc Corp. Announces Retirement of John MacPherson as Director; Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Canadian Zinc Corporation announced that John MacPherson has retired as a director of the company, effective August 12, 2015. The company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net loss and comprehensive loss of CAD 2,613,000 or CAD 0.01 per basic and diluted share compared to CAD 3,071,000 or CAD 0.02 per basic and diluted share for the same period ended June 30, 2014. Investment income was CAD 32,000 against CAD 28,000 a year ago. For the six months, the company reported net loss and comprehensive loss of CAD 6,435,000 or CAD 0.03 per basic and diluted share compared to CAD 5,098,000 or CAD 0.03 per basic and diluted share for the same period ended June 30, 2014. Investment income was CAD 80,000 against CAD 64,000 a year ago. Net cash used in operating activities was CAD 7,526,000 against CAD 4,498,000 a year ago. Investment in property, plant and equipment was CAD 41,000.

Canadian Zinc Corporation Provides Update on Underground Exploration Program at the Prairie Creek Mine in the Northwest Territories

Canadian Zinc Corporation provided further update on the underground exploration program at the Prairie Creek Mine in the Northwest Territories, Canada last reported on June 23, 2015. Assays have now been received from the final seven diamond drill holes in the current underground exploration program all collared from drill station #10 located at the end of the 870m Level decline tunnel. All seven holes intersected significant mineralization. Highlights of Diamond Drilling: The northern most hole drilled in 2015, PCU-15-72, returned some of the grades and thicknesses of the 2015 drilling program including a vein intercept of 7.5m grading 17.77% Pb, 33.67% Zn, 247 g/t Ag, immediately followed by the intersection of stockwork style mineralization, which overall graded 6.92% Pb, 11.95% Zn, 116 g/t Ag over 24.5m, and subsequently followed by the intersection of a second vein which graded 5.64% Pb, 3.81% Zn and 88 g/t Ag over 4.5m; Additional indications of a second vein system, were also intercepted in PCU-15-69 where an initial vein intercept of 10.3m grading 8.48% Pb, 7.81% Zn and 129 g/t Ag was followed 56m further down hole by another vein intercept grading 21.5% Pb, 28.15% Zn and 452 g/t Ag over 13.0m; Multiple intercepts of stockwork mineralization were also returned in all targeted holes, including PCU-15-68 where a stockwork interval graded 10.99% Pb, 20.66% Zn, 173 g/t Ag across 4.9m. The underground exploration program commenced in November 2014 when Procon Mining and Tunneling began the rehabilitation of the underground workings which included upgrading ground support, dewatering of the decline, installation of electrical and ventilation services in preparation for drilling. The drilling campaign commenced in late February and was completed in July 2015 and comprised 5,484m of core drilling over 21 holes from three stations at the end of the decline of the 870m Level. With the current program completed, underground services have been decommissioned and personnel and equipment have been demobilized from site. The underground drilling from the 870m decline was designed to test for new areas of mineralization near the north end of the existing mine workings and to further detail Inferred Resources, with the objective of converting part of the large Inferred Mineral Resource to the Indicated category for inclusion in mine economics.

Canadian Zinc Seeks Financing

Canadian Zinc Corp. (TSX:CZN) will continue to evaluate all alternatives and possibilities for raising the financing necessary to complete the development and put the Prairie Creek Mine into production, including recruiting senior management experienced in mine financing and development. However, it is not in the best interests of Canadian Zinc or its shareholders to try to raise substantial financing at an inopportune time in the market and we do not intend to try to do so.


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