Avino Silver and Gold Mines samples 0.8 m of 5,522 g/t Ag at San Gonzalo ASM.v, EPZ.to, RVM.to, MGN, TNR.v, GRC.to, GBN.v, BVA.v, BCG.v, ALK.ax, NGQ.to, SGC.v, KTN.v

 

  We know Avino Silver for years and we have only one problem with this company - their goal "Resume production as quickly as possible" is in the market for the last five years at least. So far progress was very slow at least. But it is a junior mining silver play, even with sleeping management silver will not be able to slip from the company's property. Question is how much do they actually have? In the beginning of Silver boom years ago they had some kind of a huge bogus number posted of historical resources, which have disappeared with more strict reporting. Now we think with resent silver prices everything with the word silver could fly and Avino Silver definitely has some goods. The most important is that its Mill could justify market value of the company alone. We are pleased to see, finally, good results from ongoing exploration program.

"Avino Silver & Gold Mines is an experienced, Vancouver based mining and exploration firm with properties in Mexico and Canada.

The company's primary goal is to reactivate the Avino silver-gold-copper-zinc-lead mine in Mexico, which Avino operated for 27 years beginning in 1974. Low metal prices and the closure of a key smelter forced the operation to close in 2001.

Current metal markets and high-grade discoveries on the property's San Gonzalo vein have greatly improved the economics and feasibility for potential production.

Since 2007, Avino has invested in extensive rehabilitation and modernization of the mill. A 10,000-tonne bulk sample in 2010 is expected to move the project closer to a production decision.

Our key objectives for 2010:

Execute the San Gonzalo bulk sample program.

Continue developing the San Gonzalo resource

Resume production as quickly as possible

Expand resources, reserves and the mines output

Identify and explore new targets on the property

Avino also holds precious metals properties in British Columbia and the Yukon Territory.

Stockwatch:

Avino samples 0.8 m of 5,522 g/t Ag at San Gonzalo

2010-09-28 12:13 ET - News Release

Mr. David Wolfin reports

AVINO ASSAYS UP TO 0.80 M OF 5,522 G/T AG & 1.304 G/T AU AT SAN GONZALO

Avino Silver & Gold Mines Ltd. has released an update of the continuing underground development at its San Gonzalo project at the Avino property in Durango, Mexico.

Avino's mine contractor, DMG, has been driving two declines, the upper level 1 (2,306-metre elevation) and lower level 2 (2,260-metre elevation). Both levels intersected the San Gonzalo vein, level 2 has intersected the San Gonzalo vein and a splay vein. These are known as San Gonzalo vein 1 (SG1) and San Gonzalo. They are shown on a plan map on Avino's website.

DMG drifted along both San Gonzalo and San Gonzalo 1 on both levels 1 and 2. To the northwest, both levels broke into the old San Gonzalo workings and DMG is now driving a raise to connect the two levels.

Avino is pleased with the minable widths and excellent grades found to date on SG1 in its underground development program. Avino has now outlined the areas on the San Gonzalo vein 1 where stope preparation for production will commence in the next few days. As shown on the plan map on Avino's website the results shown in the attached table are from west to east."

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Avino Drills 1.50 Metres, 1,511.8 g/t Silver, 15.77 g/t Gold at San Gonzalo

Another high grade results from recent exploration: capitalisation of this company is roughly equal to its hard assets: equipment and constructions, without any credit for resources at all. Company is in the process of preparing resources estimate. management is definitely pleased with the progress and adding second drill to the property:

"Avino Silver and Gold Mines Ltd. has added a second core drill to its program at the large Avino property located 80kms north east of Durango, Mexico.
The first drill continues to explore the San Gonzalo zone. It is currently drilling Hole 31 at that zone.
The second drill started at the beginning of the month and has currently completed two holes on the ET zone on the main Avino Vein. This is the zone on the main Avino Vein from which the company mined 1975-2001.
A program of 11 holes are planned to explore the ET zone below the 11 1/2 level where production ceased in Nov 2001.
Avino is pleased to announce results of a further four holes at San Gonzalo (20 through 23). (Locations can be viewed on the Avino website)."

http://biz.yahoo.com/ccn/070919/200709190414222001.html?.v=1

More on Avino Gold and Silver mines:

http://sufiy.blogspot.com/search?q=Avino

Silver in Mexico: Avino Silver arranges $5.1-million private placement with Sprott asm.v, tnr.v, rvm.v, laq.v, bvg.c, bva.v, tnr.v, ng.to, grc.to, amm.to, ktn.v, gbn.v, rvm.to, mgn, asm.v, sgc.v, ngq.to, btt.v, alk.ax, nem, fcx, bvn, auy, abx,

 

  It looks like Erick Sprott can not get enough of Avino Silver now and this company is now on fire with Silver market after long time spent in hibernation. It is second investment by Sprott within last couple of months in this company!

"What is the common sense in the so different investment situations: when Erick Sprott buys into Avino Silver, Silver Wheaton buys into Revett Minerals, Lukas Lundin buys into NGeX Resources and invest more to keep its stake in Sunridge Gold, Panasonic buys into Tesla, Tongling buys into Canada Zinc Metals and Nova Gold sells 50% of 1 mil NON 43-101 historical resource of gold at Shotgun for shares of TNR Gold and significantly increase its position in that company? All these situations are common only in one, but very powerful in investment world thing: industry and/or company insiders are buying in. Can they be mistaken - yes, by all means - but we like to follow the "smart" money."

"Finally, we have a positive surprise with Avino Silver - Sprott Asset Management takes position in the company. To pass Sprott's DD means a lot in the Silver market. Erick Sprott is personally very bullish on silver and silver junior miners, you can find his interview with Jim Puplava on his website. Looks like Avino Silver finally has found its footing in this market and gets vote of confidence from Silver market insiders.

Presenatation: An Emerging Silver Producer

"The best store of value is Gold and Silver - the best safe is the mother earth: question is how much do they have exactly and whether management finally has waken up with these silver prices. We have history on our side here: replacement value of the recently modified Mill is more than the market cap of all this junior Silver mining company."

"We know Avino Silver for years and we have only one problem with this company - their goal "Resume production as quickly as possible" is in the market for the last five years at least. So far progress was very slow at least. But it is a junior mining silver play, even with sleeping management silver will not be able to slip from the company's property. Question is how much do they actually have? In the beginning of Silver boom years ago they had some kind of a huge bogus number posted of historical resources, which have disappeared with more strict reporting. Now we think with resent silver prices everything with the word silver could fly and Avino Silver definitely has some goods. The most important is that its Mill could justify market value of the company alone. We are pleased to see, finally, good results from ongoing exploration program."

Stockwatch:

Avino Silver arranges $5.1-million private placement

2010-12-10 17:26 ET - News Release

Mr. David Wolfin reports

AVINO ANNOUNCES $5.1 MILLION FINANCING

Avino Silver & Gold Mines Ltd. has arranged a private placement of up to 2.7 million units at a price of $1.90 per unit, each unit consisting of one common share and one non-transferrable share purchase warrant. Each warrant will entitle the investor to purchase one additional common share with a term of three years at an exercise price of $2.50. Sprott Asset Management LP, on behalf of certain funds and managed accounts, has agreed to participate in this private placement. In addition, units will be sold by the company to investors introduced by Sprott Private Wealth LP (SPW). A cash commission of 5 per cent of the gross proceeds from units sold to such investors and 5 per cent in compensation warrants are payable to SPW.

The net proceeds of this offering will be used to advance the company's San Gonzalo silver, gold, lead and zinc project at Durango, Mexico, and general working capital requirements.

The financing is subject to approval of the TSX Venture Exchange and all regulatory authorities. The securities issued by the company in connection with this financing are subject to a four-month hold period as prescribed by the TSX Venture Exchange.

We seek Safe Harbor.

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Silver in Mexico: Avino starts bulk sampling program at San Gonzalo ASM.v, FVI.to, EPZ.v, KTN.v, KS.v, MGN, RVM.to, TNR.v, GRC.to, GBN.v, NGQ.to, SGC.v, AMM.to, GG, BVN, SSRI, SLW, SLV

   The best store of value is Gold and Silver - the best safe is the mother earth: question is how much do they have exactly and whether management finally has waken up with these silver prices. We have history on our side here: replacement value of the recently modified Mill is more than the market cap of all this junior Silver mining company.

  "Gold will be go much higher from here, it will not be the straight line, but every set back will provide an investment opportunity in Gold and Silver space. We will share with our thoughts and companies we like and you will be cautioned to make your own DD as usual.

  Next stage will be fight for the resources and M&A activity at all stages of investing in Gold mining cycle. With rising Gold price and inflated paper Majors will shop for juniors to buy time and gold in the ground. Jim Puplava will be a very good narrator to all our travel maps and reports about our journey. With rising gold, price price of physical gold will become even more prohibitive, we do agree with Jim that people will start to buy gold mining shares again with their easy to run discount brokerage accounts".

 

     "We know Avino Silver for years and we have only one problem with this company - their goal "Resume production as quickly as possible" is in the market for the last five years at least. So far progress was very slow at least. But it is a junior mining silver play, even with sleeping management silver will not be able to slip from the company's property. Question is how much do they actually have? In the beginning of Silver boom years ago they had some kind of a huge bogus number posted of historical resources, which have disappeared with more strict reporting. Now we think with resent silver prices everything with the word silver could fly and Avino Silver definitely has some goods. The most important is that its Mill could justify market value of the company alone. We are pleased to see, finally, good results from ongoing exploration program."

 

Avino starts bulk sampling program at San Gonzalo

2010-10-13 08:13 ET - News Release

Mr. David Wolfin reports

AVINO STARTS BULK SAMPLE PROGRAM AT SAN GONZALO

Avino Silver & Gold Mines Ltd. has started its bulk sampling program at the San Gonzalo mine northeast of Durango, Mexico.

Avino's contractor DMG had been developing two raises to connect the lower level 2 (elevation, 2,260 metres) with the upper level 1 (elevation, 2,306 m). The first raise connected Oct. 6 allowing the start of stoping (cut and fill) for the bulk sample. Within four days an initial 731 tonnes had been produced from the block of ground (see map and section on Avino's website) which is estimated to contain approximately 11,000 tonnes.

The rock will be stockpiled for approximately six to eight weeks while the mill completes its present program of flotation concentration of the stockpiled ore from the ET zone of the main Avino vein. Milling operations commenced May 22, 2010, and to Sept. 30, Avino has milled approximately 18,000 tonnes of material to produce an estimated 400 tonnes of concentrate according to the daily mill reports and the on-site lab assays. Of the estimated production, 359 wet tonnes have been trucked to Manzanillo and sold to MRI Trading AG.

The mineral at San Gonzalo is silver, gold, lead and zinc; while ET on the main vein is silver, copper and gold. The rock from ET is harder than the San Gonzalo material and has numerous boulders necessitating additional breakage with a rock breaker ahead of the jaw crusher in the plant.

A planned two-week maintenance schedule has been planned prior to the switchover from stockpiled ET ore with the San Gonzalo material. Maintenance would include changes to all worn and torn conveyor belts and a complete relining of the eight-by-six ball mill.

We seek Safe Harbor."

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Silver in Mexico: Sprott Asset Management takes position in Avino Silver ASM.v, RVM.to, MGN, KTN.v, TNR.v, AMM.to, KS.v, CUU.v, SLV, SLW, SSRI

 

   Finally, we have a positive surprise with Avino Silver - Sprott Asset Management takes position in the company. To pass Sprott's DD means a lot in the Silver market. Erick Sprott is personally very bullish on silver and silver junior miners, you can find his interview with Jim Puplava on his website. Looks like Avino Silver finally has found its footing in this market and gets vote of confidence from Silver market insiders.

Presenatation: An Emerging Silver Producer

"The best store of value is Gold and Silver - the best safe is the mother earth: question is how much do they have exactly and whether management finally has waken up with these silver prices. We have history on our side here: replacement value of the recently modified Mill is more than the market cap of all this junior Silver mining company."

Avino Silver & Gold plans $3-million placement

 

2010-10-21 17:11 ET - News Release

Mr. David Wolfin reports

AVINO ANNOUNCES $3 MILLION FINANCING

Avino Silver & Gold Mines has arranged a non-brokered private placement of up to 2.4 million units at a price of $1.25 per unit, each unit consisting of one common share and one non-transferrable share purchase warrant. Each warrant will entitle the investor to purchase one additional common share with a term of three years at an exercise price of $1.52. Sprott Asset Management LP on behalf of certain funds and managed accounts has agreed to participate in this private placement.

No commissions or fees are payable in connection with this financing. The net proceeds of this offering will be used to advance the company's San Gonzalo silver, gold, lead and zinc project at Durango, Mexico, and general working capital requirements.

The financing is subject to approval of the TSX Venture Exchange and all regulatory authorities. The securities issued by the company in connection with this financing are subject to a four-month hold period as prescribed by the TSX Venture Exchange."



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• Gold and Silver: Junior gold miners 'provide M&A allure' TNR.v, GRC.to, AMM.to, NGQ.to, SGC.v, ASM.v, EPZ.v, KTN.v, MGN, CUU.v, ALK.ax, MXR.v, BVG.v, BVA.v, GG, FCX, NEM, KGC, BVN, AUY, (sufiy.blogspot.com)
• Gold Fever: Rise in gold sector M&A raises eyebrows TNR.v, MAI.to, GRC.to, ASM.v, SGC.v, NGQ.v, KTN.v, EPZ.v, ALK.ax, GBN.v, RVM.v, MGN, AMM.to, AUY, BTT.v, KS.v, ABX, NEM, GG, BVN, (sufiy.blogspot.com)
• Why and how to invest in Lithium and what Gold at 5000 USD/oz will tell us? Inflation, Inflation, Inflation. TNR.v, CZX.v, GRC.to, AMM.to, RM.v, LMR.v, SGC.v, NGQ.to, CUU.v, EPZ.to, KTN.v, GBN.v, BVA.v, BVG.v, BTT.v, ASM.v, MGN, RVM.to (sufiy.blogspot.com)
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• Copper, Gold and Silver in Canada: Copper Fox drills visible mineralization at Schaft CreekCUU.v TNR.v, GRC.to, ASM.v, SGC.v, NGQ.v, KTN.v, EPZ.v, ALK.ax, GBN.v, RVM.v, MGN, AMM.to, AUY, BTT.v, KS.v, ABX, NEM, GG, BVN, LUN.to, TCK, FCX, BHP, RTP (sufiy.blogspot.com)
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• Gold and Copper in Argentina: Minera Andes surges on rumours and Rob McEwen's commitment MAI.to, TNR.v, GRC.to, ASM.v, SGC.v, NGQ.v, KTN.v, EPZ.v, ALK.ax, GBN.v, RVM.v, MGN, AMM.to, AUY, BTT.v, KS.v, ABX, NEM, GG, BVN, (sufiy.blogspot.com)
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Avino Silver drills 1,037 g/t Ag over 5.5 metres

"Avino Drills 5.5 Metres, 1,037 grams/tonne (33 ounces/tonne) Silver, 3.69 g/t (0.1186 oz/t) Gold Which Includes 1.45 metres, 3,908 g/t (125 oz/t) Silver, 13.71 g/t (0.4408 oz/t) Gold"

http://www.kitco.com/pr/1267/article_09262007205916.pdf

New Discoveries beyond the mine:

http://www.avino.com/s/Avino.asp

More on Avino Gold and Silver Mines ASM.v:

http://sufiy.blogspot.com/search?q=Avino

Avino Silver drills 4.05 m of 239 g/t Ag at Avino

2007-06-11 13:27 ET - News Release
Mr. David Wolfin reports
AVINO ANNOUNCES FURTHER RESULTS OF DRILLING
Avino Silver & Gold Mines Ltd. is continuing to explore its large Avino property located 80 kilometres northeast of Durango, Mexico. The company is pleased to announce results of its diamond drill holes on the various gold, silver, lead and zinc zones in the area of its former producing (1976 to 2001) silver, copper and gold mine.
The location of these different deposits can be viewed on the company's website.
Significant intersections are in the attached table.

Avino Silver & Gold Mines ASM.v update

Slowly but surely Avino is moving close to 43-101 resource estimate. Two drills now are working on San Gonzalo deposit on Avino's Durango Mexico Property. Market Cap of the company now representing ONLY the value of production assets without any credit for mineral resources. It looks like a real bargain at this level: stock is totally forgotten and is bottoming out at double bottom.

New drilling results:

Avino Continues to Receive Encouraging Drill Results on Durango's Mexico Property

Avino Silver and Gold Mines

Avino Silver and Gold is one of the Juniors with most OZ resources in the ground at recent price:

http://www.howlett-research.com/Research%20Reports/Avino%20Silver-Gold%20Howlett%20Research%20Report%209-4-06.pdf

message from the president of ASM.v:

http://www.silverstrategies.com/CompanyProfileNewIE.aspx?ticker=ASM.V

Gold and Silver: Buy Signal on Daily - Correction Could Be Over tnr.v, ng.to, laq.v, bvg.c, bva.v, grc.to, amm.to, ktn.v, gbn.v, rvm.to, mgn, asm.v, sgc.v, ngq.to, btt.v, alk.ax, fvi.to, mxr.v, sgc.v, ktn.v, epz.v, cuu.v, mgn, nem, fcx, bvn, auy, abx,

  We have Buy on Daily for Gold and Silver now. It is not the precise science, but rather the opportunity for the markets to develop the next move. It is in any case not an investment advise, as usual, but we would like to share this observation - let's see what will happen next...

Catalyst 2011: Gold and Silver:

"Our list here, which is for our and your own homework - if you like our ideas about the good time on the road - will be the following: TNR Gold, Goldstone Resources, Revett Minerals, Avino Silver, NGeX Resources, La Quinta Resources, Golden Band Resources, Fortuna Silver, Esperanza Silver, Mines Management, Bitteroot Resources, Max Resource, Copper Fox Metals, Cornerstone Resources, Kootenay Gold, Yamana Gold, Bravo Gold, Bravada Gold, Almaden Minerals, Sunridge Gold.

  Most of these stocks have already enjoyed QE party and we had fun with the most of them after summer napping time, others are still in consolidation patterns and some are the clear underdogs - further investigation and DD in the management, properties and potential catalyst on the company level could show, who of them can have the next run."

"We are what we eat" and our financial and regulation authorities must be all eating nuts these days. The guy with 10 million dollars "under management" can control 10% of the U.S. Gold Futures - welcome to post crisis risk management!

  This is nothing, but the excuse for the correction in Gold soon to be over - time is to make your shopping list of your favorite juniors. Gold has easily found buyers during recent retracement after incredible run and now is posed for another uphill battle with the wall of worry.

  On a daily chart we are at the same level on MACD as we were at the last correction in the beginning of August, just before Gold and junior miner's 2010 home run.

  Below on weekly chart we have a strong bullish candle and STO is close to potential reversal - the way how the Gold market held this recent correction provide us with comfort that this Bull is far from over and juniors miners, particularly, will ignite the next leg up.

  Geopolitical situation in the Middle East ignited by the uprising Egypt and Oil closing above 100 will spike Inflation fears all around the world -negative real rates during this stagflation phase will provide necessary fundamental support to the gold bull market, silver will bring even more excitement and cherry picked juniors will bring the memories of the fun days just before the crisis.

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Canada Zinc Metals drills 9.82 m of 7.69% Zn+Pb at Cardiac czx.v, lun.to, tnr.v, bwr.to, cs.to, imn.to, ncu.to, tko.to, wrn.to, qux.to, rio, bls.to, tck

This company is in a consolidation pattern - nobody wants it - apart from Chinese giant Tongling, another Chinese investor and Lundin Mining, which is still sniffing around this deposit. Will it be in the end the same "nobody wants time" as we had with other juniors this August? We do not know, but we like the things, which insiders or industry leaders or both are buying. We had a very exciting run after summer napping time in Almaden Minerals, Copper Fox Metals, Goldstone Resources, Sunridge Gold, Avino Silver, Alkane Resources, NGeX Resources, Revett Minerals - to name a few among other companies. 

Canada Zinc Metals and TNR Gold are still lagging the performance and they are late to the QE party, but whether it is still a buying opportunity will be decided by the Mr Market in the end, as usual.

What is the common sense in the so different investment situations: when Erick Sprott  buys into Avino Silver, Silver Wheaton buys into Revett Minerals, Lukas Lundin buys into NGeX Resources and invest more to keep its stake in Sunridge Gold, Panasonic buys into Tesla, Tongling buys into Canada Zinc Metals and Nova Gold sells 50% of 1 mil NON 43-101 historical resource of gold at Shotgun for shares of TNR Gold and significantly increase its position in that company? All these situations are common only in one, but very powerful in investment world thing: industry and/or company insiders are buying in. Can they be mistaken - yes, by all means - but we like to follow the "smart" money.

Tongling, apparently, has spent some time and money with one of the leading consultants in the industry on DD before making a decision to increase its stake to over 30% in Canada Zinc Metals. Time will tell you and us, as usual - who is making mistake us or the market in pricing of this M&A situation in Canada with Chinese deep pockets. Catalyst will be:

1. Closing of Tongling financing.

2. Higher zinc and lead prices (QE multiplied by Zinc shortage, according to some reports).

3. Growth of the deposit size at NW extension.

4. New discoveries at the North Lead anomaly.

5. Lukas Lundin involvement.

Email from the Company:

Please find below, for your information, an excerpt from the November 3, 2010 “Metals Morning Note” issued by Salman Partners of Vancouver, British Columbia, Canada.

Regards,

Canada Zinc Metals Corp.

TSX.V: CZX; Frankfurt : A0F7E1

“Zinc

The world is exhausting its mines”

“Teck Resources Inc…. also gave a bullish outlook for zinc in its investor day presentation, pointing out – as we have – that a series of mine closures beginning in 2012 is likely to lead to a growing global shortage of mined zinc.”

__________________________________________________________________________________________________________________________________

About Canada Zinc Metals Corp.

Canada Zinc Metals is a mineral exploration company focused on unlocking the potential of a future long life mining district in British Columbia, Canada.   The Company is the dominant land holder in a world class mineral belt called the Kechika Trough which hosts in excess of 80 million tonnes of base metal resources.   Canada Zinc Metals owns a total of 78,526 hectares in 233 claims which extend northwestward from the Akie property for a distance of 125 km.

The Company has filed a NI 43-101 report supporting the estimated inferred resource of 23.6 million tonnes grading 7.6% Zn, 1.5% Pb and 13.0 g/t Ag (at a 5% Zn cut off grade) at its flagship Akie property.  Using this estimate, 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.

Tongling Nonferrous Metals Group and Lundin Mining are significant shareholders of the Company.

Please visit us at www.canadazincmetals.com

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Lithium Plays: PineTree Capital: Lomiko investor Inwentash inceases holdings to 17.7% tnr.v, czx.v, lmr.v, rm.v, alk.ax, sqm, fmc, roc, lit, li.v, wlc.v, clq.v, res.v, ree, avl.to, nsany, f, gm, rno.pa, dai, byddf, hev, aone, vlnc

  Lomiko Metals is an interesting company in a sense that nothing is really happening there, which should draw an attention of the investor like Sheldon Inwentash. Actually, the only thing which is happening is that he is increasing his position in the company - maybe sometimes it could be enough to make it a solid story in the very beginning?

"Lomiko investor Inwentash buys two million shares.


  PineTree Capital and its founder and CEO Sheldon Inwentash are very well known players amongst junior mining companies in Canada. The company was one of the first to invest in Lithium and REE sector. 

  Lomiko Metals had its own troubles after JOGMEC canceled its engagement in company's project in Nevada and later that project was drop all together by the company. This announcement shows that maybe there is some juice and ideas left in the Lomiko Metals with its lithium properties in Chile,  Vines Lake Gold project in B.C., Rose and Cunningham Lake Soda ash Property and new investment in Mobile Power Corp. new technologies.

  Endorsement from Sheldon Inwentash will make us to run our DD on this company one more time. 

  PineTree Capital also holds amongst other investments 5.5 million shares stake in TNR Gold in its portfolio according to its website.

  "What is the common sense in the so different investment situations: when Erick Sprott  buys into Avino Silver, Silver Wheaton buys into Revett Minerals, Lukas Lundin buys into NGeX Resources and invest more to keep its stake in Sunridge Gold, Panasonic buys into Tesla, Tongling buys into Canada Zinc Metals and Nova Gold sells 50% of 1 mil NON 43-101 historical resource of gold at Shotgun for shares of TNR Gold and significantly increase its position in that company? All these situations are common only in one, but very powerful in the investment world thing: industry and/or company insiders are buying in. Can they be mistaken - yes, by all means - but we like to follow the "smart" money."

Lomiko investor Inwentash inceases holdings to 17.7%

2011-01-25 16:48 ET - News Release

Mr. Sheldon Inwentash reports

INWENTASH ACQUIRES SECURITIES OF LOMIKO METALS INC.

Sheldon Inwentash, on Jan. 24, 2011, has acquired ownership of two million common shares and one million common share purchase warrants of Lomiko Metals Inc. Each warrant entitles the holder thereof to acquire one additional common share at a price of 10 cents until Jan. 24, 2012. In the event that the warrants are fully exercised, these holdings represent approximately 6.6 per cent of the total issued and outstanding common shares of Lomiko as of Jan. 24, 2011, calculated on a partially diluted basis assuming the exercise of the warrants. As a result of this transaction, Mr. Inwentash and his joint actors collectively held, as at Jan. 24, 2011, an aggregate of 9,582,999 common shares of Lomiko, including the common shares and rights to acquire an additional 4,083,332 common shares of Lomiko upon the exercise of convertible securities, including the warrants. Of these totals, Mr. Inwentash owns 6,203,333 common shares, including the common shares, and rights to acquire an additional two million common shares upon exercise of certain convertible securities, including the warrants, directly. In the event that the convertible securities are fully exercised, the holdings of Mr. Inwentash and his joint actors represents a total of 13,666,331 common shares of Lomiko, or approximately 28.3 per cent of all issued and outstanding common shares as at Jan. 24, 2011, calculated on a partially diluted basis assuming the exercise of the convertible securities only. In the event that the Inwentash convertible securities are fully exercised, the direct holdings of Mr. Inwentash represent a total of 8,203,333 common shares of Lomiko, or approximately 17.7 per cent of all issued and outstanding common shares as at Jan. 24, 2011, calculated on a partially diluted basis assuming the exercise of the Inwentash convertible securities only.

These transactions were made for investment purposes, and Mr. Inwentash and his the joint actors could increase or decrease their respective investments in Lomiko depending on market conditions or any other relevant factor."

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"Today's call - from the World Bank "to debate the return of the Gold Standard" - we are finding just fascinating and it would be unbelievable just a few months ago. We can expect some tree shaking and corrections now in Gold and Silver markets, but they will only provide more buying opportunities to those who seeks ones."

  Ireland is a non starter for any serious discussion about reasons for Mr Market depressed mood these few days - just due to the size of its economy - it will be bailed out. There will be no Lehman Brothers any more - insolvent financial system will never recover from another shock. Constant pump of liquidity is the name of the game - all Central Banks have The License to Print now. Real Things will appreciate against all FIAT currencies.

  The reason behind the-long-time-due correction in the overheated markets is China and its Inflation. Everybody is rushing to sell today - we will send you back to the 2002, when the previous cycle of Higher Nominal Rates has been started. Study the charts of Gold, Silver, Copper and Zinc for starters - the keys to the commodities super-cycle are real growth in Emerging Markets and Negative Real Rates.    The US Dollar party will be very short lived, even green buck can not take seriously all those talks about QE "not debasing dollar value". Now with "crashing markets" and "non-existing" Inflation in official statistics General Bernanke can chop every tree in the DC area for his QE games, problem will come later when the price of Oil will be too expensive to run his choppers to drop the bucks.

   As per Inflation - just jump across the pond - UK is the indicator of things to come after QE and universal bailouts. Inflation there is above 3% and will "stay now at elevated levels throughout 2011" And it is when they have already students on the streets after first austerity measures. Who will dare to try it at home? 

     Canada Zinc Metals in this sense, is a very interesting indicator with Chinese Tongling taking its stake above 36% in the company during this financing. We guess they have some clues about the real state of the Chinese economy and why do they need one of the world's top zinc deposits in Canada, into which they are buying with premium to the market price.

"This company is in a consolidation pattern - nobody wants it - apart from Chinese giant Tongling, another Chinese investor and Lundin Mining, which is still sniffing around this deposit. Will it be in the end the same "nobody wants time" as we had with other juniors this August? We do not know, but we like the things, which insiders or industry leaders or both are buying. We had a very exciting run after summer napping time in Almaden Minerals, Copper Fox Metals, Goldstone Resources, Sunridge Gold, Avino Silver, Alkane Resources, NGeX Resources, Revett Minerals - to name a few among other companies. 

Canada Zinc Metals and TNR Gold are still lagging the performance and they are late to the QE party, but whether it is still a buying opportunity will be decided by the Mr Market in the end, as usual.

What is the common sense in the so different investment situations: when Erick Sprott  buys into Avino Silver, Silver Wheaton buys into Revett Minerals, Lukas Lundin buys into NGeX Resources and invest more to keep its stake in Sunridge Gold, Panasonic buys into Tesla, Tongling buys into Canada Zinc Metals and Nova Gold sells 50% of 1 mil NON 43-101 historical resource of gold at Shotgun for shares of TNR Gold and significantly increase its position in that company? All these situations are common only in one, but very powerful in investment world thing: industry and/or company insiders are buying in. Can they be mistaken - yes, by all means - but we like to follow the "smart" money.

Tongling, apparently, has spent some time and money with one of the leading consultants in the industry on DD before making a decision to increase its stake to over 30% in Canada Zinc Metals. Time will tell you and us, as usual - who is making mistake us or the market in pricing of this M&A situation in Canada with Chinese deep pockets. Catalyst will be:

1. Closing of Tongling financing.

2. Higher zinc and lead prices (QE multiplied by Zinc shortage, according to some reports).

3. Growth of the deposit size at NW extension.

4. New discoveries at the North Lead anomaly.

5. Lukas Lundin involvement."

StockWatch:

Canada Zinc closes $18-million private placement

2010-11-18 08:00 ET - News Release

Mr. Peeyush Varshney reports

CANADA ZINC METALS ANNOUNCES CLOSING OF $18 MILLION PRIVATE PLACEMENT

Further to Canada Zinc Metals Corp.'s news in Stockwatch July 26, 2010, and Oct. 26, 2010, it has received final approvals from the TSX Venture Exchange and the relevant Chinese authorities with respect to the closing of the non-brokered private placement subscribed to by Tongling Nonferrous Metals Group Holdings Co. Ltd.

Pursuant to the private placement, Tongling has purchased 31,386,224 units of the Company at a price of $0.5735 per unit for gross proceeds of $18,000,000 and now holds a 36.5% equity position in Canada Zinc Metals. Each unit consists of one common share and one half of a common share purchase warrant. Each whole warrant entitles Tongling to purchase, at any time within 24 months from closing, one common share of the Company at a price of $0.675 during the first year and at a price of $0.775 during the second year. These units are subject to a hold period expiring on March 17, 2011.

The proceeds of the private placement will be used primarily to fund further exploration and advancement of the Company's Akie zinc-lead property.

"Along with the Akie property, Canada Zinc Metals' significant prospective land package in the Kechika Trough represents a potential long-term district development opportunity", commented Mr. Li Dongqing, Vice-President and Chief Engineer of Tongling. "We look forward to continuing to build our relationship with the Company."

Tongling Nonferrous Metals Group Holdings Co. Ltd., based in Tongling, Anhui, is a state-owned holding company, and one of China's largest copper smelting companies. Tongling's principal activities are exploration, mining, ore processing, smelting & refining and products processing of copper, lead, zinc, gold, silver and other non-ferrous and rare metals.

Given the nature and size of the strategic investment, the Company has agreed to permit Tongling to appoint up to two nominees as members of the board of directors of Canada Zinc Metals for so long as Tongling maintains an interest of at least 20% of the outstanding common shares of the Company.

Subject to certain conditions, Tongling has agreed to vote its common shares of the Company in support of the board of directors recommended by the management of Canada Zinc Metals until the earlier of 3 years from the date of closing the private placement or the date that Tongling owns at least 50% of the outstanding common shares of the Company.

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 variably siliceous, 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."

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