China M&A: Canada Zinc Metals - Update on Akie and Kechika Regional Projects – 2012 Exploration Program CZX.v, LUN.to

China M&A: Canada Zinc Metals - Akie Targets Upcoming Zinc Shortage CZX.v, LUN.to

"With announced today China Central Bank's Rate Cut - it is time to revisit what actually Chinese companies are buying now in the resource sector." 

China M&A: Canada Zinc Metals - Bob Moriarty: How to Unscramble an EGG CZX.v, LUN.to

"Canada Zinc Metals has seen some activity last couple of days - Bob Moriarty thinks that it is cheap now. We can not argue here - all juniors have been beaten into the dust lately, but not all of them will rise again. You need solid projects and team, which is able to develop them. Tongling Nonferrous from China with 36% in Canada Zinc Metals and Lundin Mining are good company to navigate the recent market.

   Interestingly enough, the company has renewed its "poison pill" plan couple of weeks ago."

China M&A: Canada Zinc Metals Files Revised NI 43-101 Mineral Resource Estimate Report for the Cardiac Creek Deposit CZX.v, LUN.to

  In our big picture view, when Energy Transition will be the major driver for the next phase of the economic development, Copper and Zinc will play a very important role as well.


"Electric Cars produce the one life time opportunity for China now - do not get us wrong, not everything is driven by the ancient wisdom of "The Art Of War", but just look at what people are doing and not what they are talking about.  It is the most apparent situation  in the strategic commodities markets - Rare Earths are already controlled by China, Graphite is under the siege and Lithium is the next frontier. Despite all noise in the media, China is steadily implementing its 12th Five Year Plan - to build the new strategic industry based on Electric Cars."

"Highlights of the updated mineral resource are as follows:

• Indicated resource of 12.7 million tonnes of 8.38 % Zn, 1.68% Pb & 13.7 g/t Ag at 5% Zn cut-off
• Inferred resource of 16.3 million tonnes of 7.38% Zn, 1.34% Pb & 11.6 g/t Ag at 5% Zn cut-off
• 23% increase in overall tonnage compared to the previous (2008) estimate
• Upgrade of 44% of the total resource into the indicated category"
• 
  

China M&A: Canada Zinc Metals Corp - Akie Property Updated Resource Estimate 

"Canada Zinc Metals has come out with another great exploration results, deposit has all chances to grow further.  Stock was moving Up strongly from the recent lows couple of months ago fueled by this drill program expectations and constant rumours about Chinese consolidation. Chinese giant Tongling Nonferrous holds 36% in the company and the only question left is when they will move to increase their stake. Lundin Mining keeps all its options open with the strategic stake in the company - these two companies can easily make this Canadian region play into one of the largest Zinc and Lead mines in the world. We can talk about the magnitude of 100 million tons Zinc and Lead above 5% grade combined after consolidating the Korea Zinc and Teck Resources J/V property in the region.

   In our small interconnected world Canada Zinc Metals holds strategic stake in TNR Gold with its Lithium, Rare Earths and, now - Iron Ore projects. The most intriguing part is Los Azules litigation TNR Gold vs Minera Andes with more than Half of this "Big Copper deposit in Argentina" at stake now. One day, after Canada Zinc Metals acquisition, Chinese Tongling can be knocking together with TNR Gold on the Minera Andes and US Gold door after their merger."

Update on Akie and Kechika Regional Projects – 2012 Exploration Program

Vancouver, British Columbia, Canada – Monday, July 23, 2012 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) (“Canada Zinc Metals” or the “Company”) is pleased to provide an update on the Akie and Kechika Regional Projects. The Akie property is the Company’s flagship exploration project and is host to the Cardiac Creek SEDEX Zn-Pb-Ag deposit. The Kechika Regional Project, represented by a series of property blocks including Pie and Mt. Alcock, extends northwest from the Akie property for approximately 140 kilometres covering the prospective Gunsteel Formation shale. The southernmost project is located approximately 260 kilometers north-northwest of the town of Mackenzie, in northeastern British Columbia, Canada.  The Company has been engaged in ongoing discussions with both the Tsay Keh Dene and Kwadacha First Nations communities that are located at the northern end of the Williston Lake Reservoir. At this time the two communities and the Company have entered into an interim agreement reflected in a Letter of Understanding.  The objective over the coming months will be to conclude a formal agreement between the three parties. Canada Zinc Metals remains committed to maintaining a strong beneficial relationship with the two communities in the region. The Akie Zn-Pb-Ag Project The Company recently published a NI 43-101 report that provided an updated mineral resource calculation for the Cardiac Creek deposit. This report, authored by Robert Sim, P. Geo, is filed on SEDAR (www.sedar.com) and outlined an indicated resource of 12.7Mt of 8.38% Zn, 1.68% Pb, 13.7g/t Ag and an inferred resource of 16.3Mt 7.38% Zn, 1.34% Pb, 11.6g/t Ag. In response to the report, a delegation from Tongling Nonferrous Metals Group Holdings Co. Ltd., a major shareholder of Canada Zinc Metals, recently visited the Akie property to review ongoing exploration and infrastructure developments on the Cardiac Creek deposit. The Tongling delegation was very pleased with progress to-date and met with Company management to discuss further potential business developments. In preparation for underground exploration, a construction program to upgrade the portal access trail and finalize the preparation of the portal site and the waste rock dump was initiated in the fall of 2011. This was largely completed; with a 4 to 6 week program this season  expected to complete the balance of the outstanding work. Environmental monitoring and baseline studies will continue throughout the summer months. The 2012 Exploration Program The 2012 exploration program is anticipated to primarily focus on the southern Kechika Regional properties following up on the recommended work proposed in the two recently published NI 43-101 reports on the Pie and Mt. Alcock properties. A prospecting, mapping, and geochemistry program is being planned on the Pie and Mt. Alcock properties to follow up on promising showings and extend soil geochemical anomalies defined in the 2011 field season. The work in 2012 is designed to improve drill target definition on both properties. In addition, prior to finalizing any subsequent drill targets on the Pie property, a review and possible resampling of the 2006 drill core may be conducted. To further enhance the understanding of the prospectivity of the Pie, Mt. Alcock and Akie properties, an airborne time-domain EM geophysical survey is being considered that was recommended in the recently published NI 43-101 reports for both the Pie and Mt. Alcock properties. A review of the historical geophysical data conducted over the Akie deposit and elsewhere in the Kechika Trough, indicates that this method should effectively delineate geology and structure. Furthermore, an earlier  EM survey conducted over the Akie property appeared to obtain a geophysical response from the Cardiac Creek horizon, differentiating it from the carbonaceous to graphitic Gunsteel Formation shale host rocks. This initial survey was isolated to a few clustered lines and very limited in scope however it strongly suggests that SEDEX style mineralisation can be identified using this technique.  Also, preliminary testing of drill core samples from the Cardiac Creek horizon demonstrated that the orebody is conductive. The proposed survey will cover the Pie, Mt. Alcock and Akie properties with a 200 metre spaced grid. Areas of interest will have detailed coverage with infill lines being flown at 100 metre spacing. The information obtained over the Cardiac Creek deposit will be used to calibrate a geophysical SEDEX model and will be applied to the remainder of the survey areas to identify targets for follow up ground work or possible drilling. This type of geophysical survey has been successfully utilized in helping Teck Resources define its world class Red Dog deposit in Alaska. Towards the end of the 2011 exploration season a baseline water geochemistry survey was completed on the Pie and Akie properties to test for the presence of increased amounts of sulphate in the water column down-stream of known mineralized occurrences. Samples collected downstream of the Cardiac Creek showing (the surficial representation of the Cardiac Creek deposit) and the GPS bedded barite showing returned elevated to highly anomalous amounts of sulphate. This survey will be expanded upon in 2012 to cover all major rivers, creeks and stream draining from the Akie property north to the Mt. Alcock property. To assist the Company’s exploration efforts on the Kechika Regional Project, the project area has been sub-divided into 10 major property blocks including Pie and Mt. Alcock. They are, from northwest to southeast, Thro, Saint, Driftpile South, Bear/Spa, Weiss, Kwad, Mt. Alcock, Yuen, Cirque East and Pie. Compilation of the historical exploration work is well underway on all properties. This compilation effort will endeavor to digitize all information regarding geology, geochemistry, geophysics, drilling and other pertinent data. This work is largely complete on the Pie, Mt Alcock and Akie properties and a preliminary review and compilation of the historical data from the properties northwest of Mt. Alcock has also been completed. One of the more significant prospects to the north of Mt. Alcock is the Bear prospect, located on the Bear/Spa property block, southeast of Teck’s SI property. Historical drilling on the Bear prospect includes 15 drill holes totaling a minimum of 1,578.80 metres (6 drill holes were not reported in assessment work). This work defined a stratiform lead-zinc-silver-barium enriched horizon hosted within the Gunsteel Formation shale, with an approximate strike length of 800 metres, which appears to be open ended. Encouraging results were obtained from historical drilling, with 6.7 metres (true width) of 3.95% Zn+Pb and 26 g/t Ag in drill hole B-80-02; and 4.4 metres (true width) of 3.45% Zn+Pb and 2.5 g/t Ag in drill hole B-80-01. Individual samples from the drilling demonstrate high grade tenor, with results reaching up to 8.06% Zn, 1.6% Pb and 47.5 g/t Ag in B-80-01; and 10.70% Zn, 5.73% Pb and 52.5 g/t Ag in B-80-02. Drilling conducted by Teck Exploration Ltd in the mid 1990’s continued to intersect encouraging results, including 6.84% Zn in B-95-14 and 2.27% Zn in B-95-15; some 400 metres to the northwest of the initial drilling. Continued examination of this data is required to determine the viability of the Bear prospect for further exploratory drilling. Continuation of the compilation work will enhance the Company’s decision making ability allowing it to focus on high priority targets present on the individual properties and identify areas that are underexplored for SEDEX and possible Nick (Ni, Zn, Mo) style mineralisation. As part of the Company’s obligation under its Road Use Agreement and Road Use Permit it will be funding repairs and maintenance in a joint project with Canfor (major logging company). Repairs will be made to a few bridges leading to and allowing access to the Akie property.  This work is expected to be completed by the end of July. Ken MacDonald P.Geo., Vice President of Exploration, is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. ON BEHALF OF THE BOARD OF DIRECTORS CANADA ZINC METALS CORP. “PEEYUSH VARSHNEY”                                                              PEEYUSH VARSHNEY, LL.B CEO & CHAIRMAN

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.

Golden Band Resources Discovers New Gold Prospects in Very Successful Summer Exploration Program ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura.v, nup.ax, srz.ax, usa.ax

  This Ron Netolitzky's Gold play in Canada slowly is waking up - we will see soon whether it can regain respect from the market due to its Chairman and his legacy.

"We are searching for the value among the bitten into the dust by the recent market panic juniors. Strong portfolios, solid management and special situations are the name of this game today as usual.

  The Fear and Panic will pass and the recent turmoil provides another opportunity to accumulate your favorite plays among the Juniors in Gold, Silver, Lithium, REE and Copper. If you have people with money involved in the game your chances for reward will be even more higher. Chinese players with their appetite to secure resources can make not only REE and Lithium plays interesting, but even such a dull and out of love commodity as Zinc can be transformed into the promising value M&A plays."

Golden Band Resources Discovers New Gold Prospects in Very Successful Summer Exploration Program

Saskatoon, Saskatchewan, September 7, 2011. Golden Band Resources Inc. (TSX-V: GBN) is pleased to announce the preliminary results for its summer exploration bulk till sampling program that was focused in a five km radius of the Company’s Komis and EP mine sites in the Upper Waddy Lake area of the La Ronge Gold Belt.

This summer’s exploration program has been especially successful with the identification of at least three new gold prospects and several more targets in an area that is already the focus of near-term mining development by the Company. Following are the preliminary highlights, with the locations of specific follow-up targets illustrated on the accompanying map (Figure 1).

Follow-up diamond drilling in several phases on the gold-in-till targets will start this month.

Fireweed Prospect

A total of 201 detailed till samples were collected, with three medium to strongly anomalous sites for gold identified over a strike length of 250 metres (Figure 1). The strongest, with 36 gold grains per kilogram (gg/kg) and 1,770 ppb gold in the fire assay of the fine fraction, was immediately followed-up by bulldozer and excavator trenching, exposing an east-west trending gold-mineralized shear zone that is currently exposed for 36 metres along strike and that remains open along strike in both directions (Figure 2 and in photos on the Company's website).

The initial two highly weathered rock samples from the eastern end of the showing returned 9.07 g/t gold from a vein quartz (sample FW-01-11) and 14.32 g/t Au from a shear zone (sample FW-02-11).

Channel samples were then cut over the exposed 36-metre length of the showing (Figure 2) with the best initial assay returning 3.06 g/t gold over 6 metres, including 8.17 g/t gold over one metre. The initial fire assay results are provided in Table 1.

These results are very encouraging and indicate that follow-up drilling is expected to start during September.

Big M Prospect

This gold-in-till anomaly located 1.5 km north of the Komis and EP mine sites (Figure 1), was originally identified by the Company in 2003. This summer, 93 detailed follow-up till samples were collected, with the best returning a very anomalous 68 gg/kg and 454 ppb gold in the fine fraction fire assay. The target is covered by up to 5 metres of lacustrine clays, but appears to be close to the bedrock source. Follow-up drill holes have been spotted for the initial testing of this target in September.

Bean Lake Prospect

This summer, the target was followed up by about 150 till samples at very close intervals. The best samples returned strong anomalous values in the range of 10 to 12 gg/kg. Assays of the fine fraction are not yet available. The source is likely only a few tens of metres up ice. A narrow sulphide mineralized quartz vein within a diorite dyke found nearby returned an assay of 3.2 g/t gold. Follow-up drilling is warranted.

This gold-in-till dispersion train, located four km south of the Komis mine (Figure 1), had the first anomalous till samples discovered in 2009. The prospect area is underlain by the small Bean Lake diorite stock. The pebbles of the anomalous till samples indicate hematization of the diorite and the presence of quartz.

Round Lake Area

The potentially most significant exploration discoveries of 2011 were made within the Round Lake and Dog Creek diorite stocks (Figure 1). Both of the Company’s Komis and EP gold deposits are east of the Round Lake stock and have been associated with late hydrothermal mineralizing activities within the Round Lake stock.

During the past summer, close to 500 till samples were collected over the stock with an excavator with a seven-metre boom that easily penetrated the clay cover. Several strong to very strong and extensive gold-in-till anomalies have been discovered.

One anomaly, named "301 Pit" is only 300 metres south west of the Komis mine. This area is covered by 1.5 m of till overlain by another 1.5 m of clay. The gold grain count returned 52 gg/kg and the assays of the fines are still pending.

Trenching to bedrock revealed numerous hematized diorite cobbles with ribboned quartz. Fifty hematized diorite and 10 quartz pebbles (between 5 and 9 mm in diameter, 180 g in weight) assayed 2.2 g/t gold at the Company’s Jolu assay lab. Because of high ground water, no observations could be made about the attitude of the quartz veins. Either additional trenching using a sump pump or diamond drilling is required for further follow up of this showing.

In addition to this "301 Pit", at least five more gold-in-till anomalies have been discovered in various parts of the Round Lake and Dog Creek diorite stocks (Figure 1). Only areas with multiple samples exceeding 10 gg/kg are shown. Many individual pits returned gold grain counts in the 20- to 40-gg/kg range and the first assay returns indicate a gold content of 200 to 300 ppb in the fines. Common to all anomalies is the presence of quartz and hematized diorite pebbles. Significant additional work, trenching, sampling and drilling are required to follow up on these new anomalies.

Other Areas

The balance of the till samples were taken from several other areas (Contact Lake, Earl-Kidney Lake, A-Zone and Old Komis Road) and some have returned encouraging results, and additional work is needed.

The Company is also undertaking mapping and prospecting within the North Lake Project and this will continue through September.

Bulk Till Sampling Program Details

Between June 21 and August 30, 2011, 1,340 bulk till samples were collected and processed in the in-field lab at the Company’s Waddy Lake exploration camp. Previous work has established that 3 to 5 gold grains per kilogram (gg/kg) are anomalous.

A major advantage of the in-field lab processing is that the gold-grain anomalies can be followed up within one day, whereas the commercial labs have long turnarounds such that those results often cannot be followed-up until a later field season.

Gold-in-till anomalies are especially encouraging within overburden-covered terrain, as they are direct indications of mineralized systems that contain gold, as compared to indirect methods such as geophysics that cannot detect gold directly.

In addition to the recovery of gold grains that is done in the Company’s in-field laboratory, the fine fractions of the till samples are also assayed for gold in a commercial laboratory.

Assays were completed at both the Company’s non-accredited Jolu Mill assay lab and at the Saskatchewan Research Council Geoanalytical Laboratories.

QA/QC

The Company's Jolu Lab assay lab is a non-accredited facility. Results are based on the Standard Fire Assay method and utilization of a 30-gram assay charge. The final results for this program include check assays of the significant intervals. Standard Fire Assay results greater than 3 g/t gold were re-assayed using the Screened Metallic Assay method for the significant intervals. The quality assurance/quality control of the assay results was monitored by a series of sample standards and sample blanks that Golden Band routinely inserts into the sample sequences.

The Standard Fire assays done by the Saskatchewan Research Council Geoanalytical Laboratories are in accordance with ISO/IEC 17025:2005 (CAN-P-4E) Standards. The quality assurance/quality control of the assay results was monitored by a series of sample standards and sample blanks that Golden Band routinely inserts into the sample sequences.

About Golden Band

Golden Band Resources, already Saskatchewan's leading gold explorer, is now also its newest gold producer. Golden Band is a Saskatchewan-based, publicly listed company (TSX-V: GBN) whose focus is the long-term, systematic exploration and development of its 100%-owned La Ronge Gold Belt properties. Since 1994, Golden Band has assembled through staking and strategic acquisition a land package of more than 875 km2, including 12 known gold deposits, four former producing mines, and a licensed gold mill. Golden Band's key value drivers are the methodical and systematic targeting of primary to advanced-stage exploration while progressing along a parallel path of being a sustainable gold producer. The Company is aggressively pursuing its near-term goal of commercial production of its Bingo, Komis, and EP deposits with processing at the 100%-owned Jolu mill. The Company’s objective is the annual production of at least 75,000 ounces of gold over a ten-year project life. Other longer-term objectives include the continuation of its highly successful exploration and acquisition strategies.

On behalf of the Board of Directors of Golden Band Resources Inc.,

"Ronald K. Netolitzky"

Ronald K. Netolitzky, Executive Chairman"

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China M&A: Heart Of Zinc: Canada Zinc Metals Develops Its Cardiac Creek Deposit czx.v , lun.to, tnr.v, ilc.v, bwr.to, cs.to, imn.to, ncu.to, tko.to, wrn.to, qux.to, rio, bls.to, tck

  We have a new report issued on Canada Zinc Metals.

Heart of Zinc.

  Company has announced recently its shares buy back in the market - and it is almost like printing money for us. The latest financing was at 0.75CAD and now the stock is trading at 0.38CAD. Company was also granted an exploration permit for the underground drill works and now this promising deposit will enter in the resource definition stage at a much faster pace.

  During this market we are looking for the solid value and the ideal special situations when we have the growing asset and the buyer for it. In case of this company we have both - growing deposit in the very important elephant scale deposit region due to consolidation and Chinese giant Tongling which is holding 36% of the company.

Canada Zinc Metals Corp. Announces renewal of Normal Course Issuer Bid

Canada Zinc Metals Receives 3-Year Drill Permits for the Kechika Project

Canada Zinc Metals Receives Underground Exploration Permit from BC Government

"Canada Zinc Metals Reports Commencement of Exploration at the Akie Project. We would love to see the every car in the world Electric one and in the nearest future, this time will come, but for a few years to come the ICE will make the majority of cars to be sold. In our search for growth inevitably we are coming to China and its largest auto market now - it means a lot of Zinc and Lead demand. Zinc in this recovery is a poor brother of Copper so far and the junior prices in Zinc juniors are reflecting it. We are following here Canada Zinc Metals - Chinese M&A story in Canada." More on the company.


After the US Debt downgrade and recent market turmoil this entry is even more relevant:


What do you do when you have lots of dollars which are losing value by the day, hungry for growth population and you need to maintain a tricky status quo? You are going shopping. But not for US Treasuries any more after PIMCO's Bill Gross has dumped all his holdings. And if you happen to be China you are going shopping for Copper or Oil and Lithium will be next on your list after you control Rare Earths market. We have our Catalyst in action now.
  Now Lundin Mining with its stake in Tenke Fungurume can expect proper bids above CAD 10.0. Copper is set on fire in M&A space with this Chinese bid. Destiny of Big Copper project in Argentina - Los Azules and companies involved TNR Gold and Minera Andes will be even more interesting now.
  We have also other companies to watch now in our Copper squad: Revett Minerals, Copper Fox Metals, Canada Zinc Metals, NGeX resources, Conerstone Capital Resources, Sunridge Gold and others."

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.

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OTC Equity: Los Azules, TNR Gold and Minera Andes Merger with US Gold mai.to, ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura.v, nup.ax, srz.ax, usa.ax

Public Court Documents on Los Azules litigation:

Los Azules litigation: TNR Gold Notice of Application March 25th, 2011

Los Azules Litigation: Supreme Court of BC: Oral Reasons for Judgement May 13th, 2011  

  We have an interesting article on Minera Andes and its potential valuation with ongoing preparations for the merger with US Gold. OTC Equity reports on the challengers and potential value drivers for the Rob McEwen's  major Gold, Silver and Copper play. We call it "major", because he is going to put his name on the combined company. It is very encouraging that authors did a very good homework and report some analysis of the litigation situation between Minera Andes and TNR Gold on the property rights surrounding "Big Copper in Argentina" - Los Azules project.

  As you remember, we are covering this story for years and think that all shareholders deserve to receive the all publicly available information on the ongoing litigation. They are smart enough to make their own opinion about the validity of any legal claims and the potential reasons about why Minera Andes shareholders are not getting the proper value by the market for this company and/or any competing bids so far. We are still of the opinion, that more proactive and open minded business approach from the Minera Andes in the past could led to the resolution of this litigation and was in the interest of all parties involved. Now company has moved from the total denial phase into the damage control mode and Rob McEwen's team has acknowledged at the recent AGM the existing risks in this litigation and that it is necessary to clear the Los Azules property title. We do not think that Mr McEwen was personally paying a proper attention to this issue before - with his stellar business reputation he could easily find the fare solution with the junior partner and unlock the proper market value of this promising project for Minera Andes - and  the lawyers involved are driving the show and they have managed to increased the stakes involved in this game.

  You can listen to the Minera Andes AGM web cast in order to receive the first hand information about the huge potential of the Los Azules Copper project, its high leverage to the copper price and general economic assessments.

  TNR Gold side of the story can be found here.

"Los Azules: Video: TNR Gold litigation at Minera Andes AGM. We would like to share today the link below to the Minera Andes AGM webcast - you can see the description of the Los Azules Copper deposit by Minera Andes, proposal about Merger between Minera Andes and US Gold and the only questions asked at the AGM concerning TNR Gold litigation.

http://www.meetview.com/minera20110711/

Below is the TNR Gold side of the story:

TNR Gold (Solitario) properties are called Xstrata on the map below and above that line.

Below is the position of Escorpio IV with planed mining facilities on its surface:

  We have found the following comments from Minera Andes the most interesting: More."

OTC Equity:

Minera Andes Inc. (OTCBB: MNEAF) could be Difficult Bet to Turn Down as Share Price Remains Flat Despite Significant Upside

Posted on August 9, 2011 by Editor

To say that the future of Minera Andes Inc. (OTCBB: MNEAF) is uncertain is an understatement of significant proportion as the gold, silver and copper exploration company faces numerous questions surrounding its independence, questions concerning their legal battles, and questions concerning their ability to procure skilled workers for production at mining properties. With these obstacles dominating investor concerns shares in MNEAF slid to a low of 1.99 on August 8, 2011 and while they have rebounded back to the 2.09 – 2.11 range on Tuesday they remain below their 50-day moving average of 2.42 as well as their 200-day moving average of 2.59.

While MNEAF CEO Rob McEwen has outlined his desire to merge the company with US Gold Corp. (NYSE: UXG), a gold exploration company that he also heads, the likelihood of that happening in the near future appears dim. This despite McEwen’s optimistic opinion that “The merger of US Gold and Minera Andes would be transformative, creating a dynamic, new precious metal company. A mid-tier silver producer diversified throughout the Americas. The combined company would be low-cost and possess a significant pipeline of production growth in addition to owning an exciting portfolio of exploration properties. Importantly, this combination would move us one step closer to our goal of qualifying for inclusion in the S&P 500 Index by 2015.”

As part of the proposed merger shareholders of MNEAF would receive 0.4 shares of UXG for 1 share of MNEAF. In mid-July McEwen provided an update to this proposed merger, stating “The independent committees of the boards were formed. They went out and hired their independent counsel and financial advisers. And the financial advisers are doing their due diligence right now. That is probably going to take the better part of three or four weeks.”

That would mean an answer from the two sides should be coming shortly but even a green light from each party wouldn’t necessarily move the merger any closer to reality as it would then have to clear the Securities and Exchange Commission, a process that could take at least a month, and even if that was overcome it would then have to be approved by shareholders in a vote, something McEwen anticipates sometime in October.

The way McEwen describes the merger it appears as if the power move would elevate shareholder value to new levels yet the timeline for such a merger is sure to be interrupted due to an ugly legal battle MNEAF currently faces concerning their claims relating to three issues over mineral properties in the northern part of their 100% owned Los Azules Copper Project, in San Juan Province, Argentina. According to TNR Gold Corp. the ownership of that highly valued property is in question and they contend that they should have been allowed to exercise a 25% back-in right on concessions that cover the northern portion of the Los Azules deposit, which it total houses an estimated 2.2 billion pounds of copper.

In the eyes of many TNR Gold is simply grasping at straws but there is legitimate concern among MNEAF shareholders that if they manage to actually get their hands on one of those straws it could cause significant damage to MNEAF’s financial outlook. TNR Gold is no longer looking for that 25% back-in right; they are now claiming a breach of contract and intentional interference with economic relations and now want the return of the Properties in question or damages. The legal battle has gone before the British Columbia Supreme Court which has allowed TNR Gold time to amend their original claim to add a new claim to the litigation concerning the Los Azules project in Argentina.

For their part MNEAF has essentially dismissed the claims made by TNR Gold and McEwen has gone as far as saying he believes the move to be “a form of blackmail.” Whatever it is has certainly been a setback for MNEAF as they had plans to actually spin out the deposit into a separate company yet those plans had to be shelved due to the battle concerning ownership rights. Given what is known it would appear that MNEAF holds the legal rights to the property as TNR Gold revealed in a press release back in September 2007 that “All cash payments due by May 15, 2008 have now been received. All exploration expenditures have also been incurred,” in essence signing off on the option agreement that was in place.

Despite acknowledging these cash payments and exploration expenditures TNR Gold has argued that the expenditure requirements were never met and as such the entire northern portion of Los Azules remains their property. The British Columbia Supreme Court has allowed TNR Gold to add this claim to their litigation and if it is found that MNEAF did not meet the expenditure requirements as stated by TNR Gold it would be a monumental loss.

Not only would it be a loss for MNEAF, it would be a serious setback for McEwen who has envisioned the merger of Minera Andes with US Gold as the first step toward achieving the goal of inclusion in the S&P 500 by 2015, something that would open numerous financial doors for investment. The legal wrangling involving MNEAF would seemingly be a major concern for UXG shareholders when deciding about the merger and TNR Gold has already expressed any change in ownership of MNEAF would not change to legal proceedings.

Shareholders of UXG are holding on to the hope that they will see production from a pair of gold projects around 2014 and any kind of trouble involving MNEAF could push that date further. With gold prices climbing any delay in that production is lost revenue and given the fact that these shareholders have already shown a tremendous amount of patients through a number of their own difficulties it doesn’t seem likely that they would be willing to take on the difficulties of another.

Of course McEwen will be pushing hard for the merger, he is the largest shareholder of MNEAF and he will have a serious interest in getting the deal done. He will certainly be trying to point out that these legal issues have overshadowed the promising results ties to MNEAF’s 49% interest in Minera Santa Cruz (MSC), which owns and operates the San Jose Mine, an operating silver and gold mine in Santa Cruz Province, Argentina, covering 50,491 hectares. That San Jose Mine produced 5.3 million ounces of silver an 84,000 ounces of gold last year. Those production figures are expected to climb in 2011 with first quarter numbers already showing a jump from silver ounces sold at MSC of 739,000 ounces in 2010 to 1,342,000 ounces in 2011 while gold jumped from 14,000 ounces to 18,000 ounces.

Even with all the uncertainty surrounding the legal issues with MNEAF a merger could put shareholders in an incredible position. If MNEAF does get through the claims against their property in Argentina then it could advance McEwen’s vision for S&P 500 inclusion and ultimately send share value significantly higher."

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.

M&A Watch in Canada: Canada Zinc Metals Reports on Activities at the Akie Project czx.v , lun.to, tnr.v, ilc.v, bwr.to, cs.to, imn.to, ncu.to, tko.to, wrn.to, qux.to, rio, bls.to, tck

 From the company:

"Excerpts from the July 19, 2011 “Metals Morning Note” issued by Salman Partners of Vancouver, British Columbia, Canada.

TSX.V: CZX; Frankfurt : A0RAQJ

“Line-ups at warehouses in New Orleans appear to reflect a strong rebound in end-user demand

Why New Orleans matters: Dow Jones reports that 61% of the stocks of zinc reported by the London Metal Exchange are stored in New Orleans . And there is now a 44-day wait for “anyone looking to get metal out of” the LME warehouses. Until this week, the wait was only seven days…line-ups in New Orleans do seem to reflect end-user demand.”

“Furthermore…we continue to believe that a series of mine closures are putting us in a position of growing shortages of zinc mining capacity.”

The Note goes on to suggest how investors can play the imminent shortage of zinc and names Canada Zinc Metals as one of the alternatives for the development of zinc resources. It also mentions the proposed acquisition of zinc producer Breakwater Resources by Nyrstar NV and how that transaction may be an indication of how zinc companies, including Canada Zinc Metals, may also be the object of acquisition by smelting / refining companies based in North America, Europe, China or India."

"We would love to see the every car in the world Electric one and in the nearest future, this time will come, but for a few years to come the ICE will make the majority of cars to be sold. In our search for growth inevitably we are coming to China and its largest auto market now - it means a lot of Zinc and Lead demand. Zinc in this recovery is a poor brother of Copper so far and the junior prices in Zinc juniors are reflecting it. We are following here Canada Zinc Metals - Chinese M&A story in Canada.

"We have very interesting situation here: company moves into Preliminary Economic Assestment of the Cardiak Creek deposit and stock is below than the recent financing at 0.77 CAD. How all situation with Lundin Mining will affect this M&A situation in Canada remains to be seen. Chinese Copper and Zinc giant Tongling already owns 36% of Canada Zinc Metals and Lukas Lundin has its stake in this company via Lundin Mining."

"Canada Zinc Metals Reports on Activities at the Akie Project

July 18, 2011

Vancouver, British Columbia, Canada – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to provide an update on exploration activities on its 100% owned Akie property, which hosts the Cardiac Creek SEDEX Zn-Pb-Ag deposit. The property is located approximately 260 kilometers north-northwest of the town of Mackenzie, in northeastern British Columbia, Canada.

Akie Property:

The 2011 exploration program commenced in early June with diamond drilling targeting several key zones along strike from the Cardiac Creek deposit, including: the North Lead Anomaly; the NW Extension and the SE Extension. Drilling will also test the SE edge of the deposit with the intent to expand the deposit in this direction. To date, 6 drill holes have been completed in the first month of the program, totaling 2,213.78 metres, with drill production and recovery exceeding expectations.

The bulk of the drilling to date has focused on the NW Extension. A total of 5 holes have been completed totaling 1,708.72 metres. Holes A-11-87, A-11-88 and A-11-89 tested the strike extent and up-dip potential of proximal style mineralization encountered in A-10-69. Hole A-11-90 tested the possible up-dip extent of the Nick Style (Ni-Zn) horizon discovered in A-10-72. Hole A-11-91 tested the down-dip extent of the mineralization encountered in A-10-69.

Variable widths of proximal style mineralization were encountered in all drill holes except A-11-91. Hole A-11-88, located closest to the Cardiac Creek deposit, contains the most promising mineralization to date with a well-developed section of proximal style mineralization and approximately 2.0 metres of massive sulphide lens situated at the base of the Gunsteel formation.

The Nick Horizon was not encountered in drill hole A-11-90 and A-11-91 did not intersect any significant mineralization down-dip of A-10-69. Folding and faulting at the NW Extension has produced a structurally complex geological setting that requires further analysis.

The first drill hole of the 2011 exploration program tested the SE Extension. Drill hole A-11-86 was completed to a depth of 505.06 metres, testing the strike and down-dip potential of the mineralization encountered in the spring geotechnical drill holes A-11-84 and A-11-85. The mineralization encountered in A-11-86 appeared to be distal in nature and of different character to that observed in A-11-84 and A-11-85. Analytical results from all sampled drill holes are pending.

Currently, the drill is testing the SE edge of the Cardiac Creek deposit with the intent of expanding the known limits of the deposit. The intended target of the current drill hole A-11-92 represents a 100 metre step-out to the SE from the closest resource hole, A-95-16. If successful, a series of holes are planned further along strike from the deposit. Future drill targets include two deep (900 metre) drill holes on the North Lead Anomaly designed to test the down-dip extent of extensive mineralization encountered in A-10-68 and A-10-76. It is anticipated that mineralization will continue to develop down-dip.

Regional Exploration:

The regional exploration program has focused on targets situated on the Pie and Akie properties. These efforts include mapping of the West Pie property, delineating the extent of prospective black shales of the Gunsteel Formation and further examination and analysis of the GPS bedded barite and Pie Breccia showings.

Mapping on the West Pie property has defined a significant panel of interpreted prospective Gunsteel Formation shales. Nodular barite occurrences have been discovered within this panel indicating the occurrence of exhalative activity in the area. Further mapping and an extensive soil sampling program are planned.

The GPS bedded barite occurrence is located on the western most edge of the Akie property. It is situated along strike from and is hosted in the same panel of interpreted Gunsteel shales identified at the West Pie property. The showing was inspected early in the program and a series of soil samples were collected to close off an existing anomaly. It is important to note that the interpreted Gunsteel shales present at the West Pie property, which also host the GPS bedded barite showing, are situated directly along strike from Teck’s Cirque deposit.

At this time a single drill hole is proposed that will test the down dip extent of the bedded barite. The proposed drill hole is expected to be less than 250m. The surface outcropping of the Cirque deposit is identified as the “Baritic facies” and is known to contain massive barite and minor sulphides. The GPS showing could represent a similar barite horizon proximal to another center of exhalative sulphide mineralization.

Other exploration efforts on the Pie property have focused on Pie Breccia Showing, a black silica vein host to significant sphalerite and minor galena mineralization. Work along the eastern edge of the Pie property has included follow up on areas with coincident soil and silt anomalies containing elevated values of nickel and zinc. Analytical results from the regional exploration program are pending.

About the Akie Property

The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.

Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by siliceous, carbonaceous, fine grained clastic rocks of the Middle to Late Devonian ‘Gunsteel’ formation. The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off grade).

Two similar deposits, Cirque and Cirque South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101 compliant) grading approximately 10% combined zinc + lead.

In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.

Ken MacDonald P.Geo., Vice President of Exploration, is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

ON BEHALF OF THE BOARD OF DIRECTORS

CANADA ZINC METALS CORP.

“PEEYUSH VARSHNEY”

PEEYUSH VARSHNEY, LL.B

CEO & CHAIRMAN"

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