New Research Report by Clarus Securities 12/10/13 CZN BUY
Canadian Zinc Corp.
Mike Bandrowski, MBA (416) 343-3352
Tuesday, December 10, 2013
Clarus Securities Inc.
Exchange Tower, 130 King Street, W. Suite 3640, P.O. Box 38 Toronto, ON M5X 1A9 Ph (416) 343-2777 Fax (416) 343-2799
Royal Bank Building, 335 – 8th Avenue SW, Suite 1220, Calgary, AB T2P 1C9 Ph (403) 269-5900 Fax (403) 269-8900
New Discovery at Prairie Creek
Canadian Zinc announced assay results from the recently
completed 2013 diamond drill program on the company’s
100% owned high grade Prairies Creek Project in the
Northwest Territories. Drilling of the multi stacked
electromagnetic anomaly identified in 2012 has resulted in a
new discovery while exploration drilling has extended near
surface mineralization outside the currently delineated NI 43-
101 compliant resource. We maintain our BUY
recommendation and $1.30 per share target price.
1. New High Grade Zone Discovered at Prairie Creek
Two holes collared 320m apart targeted a 900m wide EM
anomaly identified in 2012. Both holes intercepted the main
part of the anomaly at depth. Hole PC-13-220 cut stockwork
located outside and above the current resource estimate, while
PC-13-222 cut an additional vein structure at depth, Exhibit 1.
2. Prairie Creek – Exploration Drill Results
Three drill holes totalling 404m were drilled immediately
adjacent to the existing plant. PC-13-223 & 224 cut
stratabound mineralization 60m from surface as well as several
mineralized vein structures. The near-surface target area has
two historic holes that cut stratabound mineralization. Based
on the current results and historic results, additional work is
warranted to potentially add near-surface tonnage to the
current 11 year reserve life.
3. Canadian Zinc - Near-Term Events
Near-term we expect CZN to release final drill results from the
South Tally Pond exploration program followed by closure of
the Messina Minerals acquisition Dece
everything thing they promote goes south, paid shills and hucksters. Paid promoters while they get fat cat friends out and the little fools to buy.
Checkout article on PWE Oct 25th, 2013" Time to buy PWE at $11.00!
Hope the SEC has them on their radar. 90% tSeeking Alpha is dead wrong, call them Seeking Trash to Pawn.
Never read or believe anything they have to say, just some jackazzes opinion who are dead wrong.
Thank you for your inquiry. You are correct; earlier this week there was a Canadian holiday and several Canadian companies, including PWE, have experienced delays on their dividends. We are anticipating the dividend later today and we will post the dividend upon allocation.
Please let us know if you have any additional questions.
no dividend showing up at Ameri-trade either. Usually it gets posted after market close on payable date. Should have been there yesterday. Last Monday was Canada's Thanksgiving holiday on the 14th, so maybe things got delayed a business day.