Wednesday, August 12, 2009

China, Inflation, Zinc and Lithium with REE: Canada Zinc Metals is in Break out move CZX.v, TNR.v,, FCX, F, DAI, FXI, BYD, NSANY, TM, TTM, HUI,

Canada Zinc Metals CZX.v is in a break out move and broke intraday 0.4 CAD to the upside.

"With all summer hot plays in Lithium and REE it is easy to miss a dramatic move in Zinc, which is back above 0.8 USD/lb now. Our Reinflation play Canada Zinc Metals announced today that it is considered itself undervalued by the market and will buy back its shares."

Resource World Magazine picks up the story with recent article - "Canada Zinc Metals Seeking New Kechika Trough Discoveriesan article entitled “Canada Zinc Metals seeking new Kechika Trough discoveries” written by Ellsworth Dickson.
Canada Zinc Metals has announced an initial 43-101 compliant inferred resource estimate for the Cardiac Creek zinc-lead deposit on its 100-per-cent-owned Akie property ( British Columbia , Canada ). At a zinc cut-off grade of 5 per cent, the deposit contains 3.95 billion pounds of zinc, 780 million pounds of lead and 8.95 million ounces of silver. The deposit remains open in all directions.

Canada Zinc Metals also owns an extensive highly prospective Regional Property package (100% owned) in the Kechika Trough which will continue to be the focus of a district scale exploration program."

Its recent investment in Lithium and REE play TNR Gold TNR.v is helping the recent rally: Lithium, Gold and Copper Junior is up to 0.27CAD from 0.2CAD level of CZX.v entry.

" 2. It is an area play with Chinese, TEC Resources and Korea Zinc involved and region shaping into one of the Major Zinc deposits in the world, Canada's locations will add to the value down the road compare to lets say Afghanistan or Africa. Mr Lukas Lundin is back in play in M&A games as well with his Lundin Mining troubles behind him."

New company presentation is here.
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