Engineering and Procurement Contracts Awarded for Prairie Creek
Mine
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 20, 2014) -
Canadian Zinc Corporation (TSX:CZN)(OTCQB:CZICF) ("the Company" or
"Canadian Zinc") is pleased to announce the engagement of Tetra
Tech for engineering and procurement services relating to the
Company's 100% owned Prairie Creek zinc/lead/silver mine in the
Northwest Territories.
Tetra Tech has been engaged to provide technical services for
basic engineering and procurement services for the development of
major equipment packages, facility rehabilitation and repair work
and capital items for the Prairie Creek Mine. Specifically these
technical services will develop tender packages for mine
rehabilitation and development; mill completion, power generation
and distribution; heat recovery systems; a dense media separation
plant; a paste fill plant; a water treatment plant; instrumentation
and control systems; camp construction and winter road construction
and maintenance needed to put the Prairie Creek Mine into
production.
Canadian Zinc and Tetra Tech will issue these tender packages
for competitive tender to qualified bidders in the first and second
quarters of 2014, giving full recognition to opportunities for
participation by local First Nations and adjacent communities.
The tendering and procurement process, to be managed by Tetra
Tech, is an important phase of the project that will refine and
augment the design work completed previously and will generate
definitive estimates of the capital cost and schedules required to
place the Prairie Creek Mine into operation.
Canadian Zinc has also engaged AMC Mining Consultants (Canada)
Ltd. ("AMC") to undertake an optimization study of the underground
mine plan with a view to reducing the initial development, shorten
the development schedule and optimize mine operating costs.
The engagement of Tetra Tech and AMC follows receipt of the Type
"A" Water Licence and all permits needed to operate the mine and
marks the start of engineering and procurement to complete the
construction and development of the Prairie Creek Mine.
About Tetra Tech
Tetra Tech is a leading provider of consulting, engineering,
project management and technical services worldwide. Tetra Tech's
Vancouver office includes a team of experienced professionals
specializing in the design, delivery and support of all engineering
disciplines. Tetra Tech's capabilities include engineering,
procurement, logistics and construction management of underground
and surface mines, mineral processing plants, power, and
administrative infrastructure with recent experience of major
projects in northern Canada, including the Ekati Diamond Mine and,
the Izok zinc copper project.
About AMC Mining Consultants (Canada) Ltd.
AMC is a leading independent mining consultancy, providing
services to plan new mines and improve the operations of existing
mines with a primary focus on achieving optimum output and return.
AMC has worked previously with Canadian Zinc and has extensive
knowledge of the Prairie Creek deposit, carried out the 2012
mineral resource estimation, and authored the 2012 Technical
Report.
About Canadian Zinc
Canadian Zinc is a TSX-listed exploration and development
company trading under the symbol "CZN". The Company's key project
is the 100%-owned Prairie Creek Project, a fully permitted,
advanced-staged zinc-lead-silver property, located in the Northwest
Territories.
The Prairie Creek Project contains a Mineral Reserve of 5.2
million tonnes averaging 9.4% zinc, 9.5% lead and 151 g/t silver.
In addition, Prairie Creek hosts an Inferred Resource of 6.2
million tonnes averaging 14.5% zinc, 11.5% lead, 0.57% copper and
229 g/t silver. (AMC Mining Consultants (Canada) Ltd. J M Shannon
and D Nussipakynova, Qualified Persons, June 2012).
Prairie Creek is an underground operation that will utilize
multiple mining methods to access readily available ore. Canadian
Zinc has the majority of infrastructure in place including a 1,000
tonne per day mill, five kilometres of underground workings and
related equipment, a heavy duty and light duty surface fleet, three
exploration diamond drills and a 1,000 m airstrip.
Canadian Zinc also owns an extensive land package in central
Newfoundland that includes the South Tally Pond project, which
hosts the Lemarchant deposit, along with other exploration targets.
The Company recently acquired Messina Minerals Inc. (refer to
December 20, 2013 press release). Messina's key projects are the
Tulks South project and the Long Lake project, both of which are
situated approximately 50 kilometers from Canadian Zinc's
Lemarchant deposit of the South Tally Pond Project. A detailed and
updated database is now being assembled from which exploration
programs will be planned on key central Newfoundland properties
during 2014.
Cautionary
Statement - Forward-Looking Information
This press release contains certain forward-looking
information, including, among other things, the expected completion
of acquisitions and the advancement of mineral properties. This
forward looking information includes, or may be based upon,
estimates, forecasts, and statements as to management's
expectations with respect to, among other things, the completion of
transactions, the issue of permits, the size and quality of mineral
resources, future trends for the company, progress in development
of mineral properties, future production and sales volumes, capital
costs, mine production costs, demand and market outlook for metals,
future metal prices and treatment and refining charges, the outcome
of legal proceedings, the timing of exploration, development and
mining activities, acquisition of shares in other companies and the
financial results of the company. There can be no assurances that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Mineral resources that are not mineral reserves do
not have demonstrated economic viability. Inferred mineral
resources are considered too speculative geologically to have
economic considerations applied to them that would enable them to
be categorized as mineral reserves. There is no certainty that
mineral resources will be converted into mineral reserves.
Cautionary Note to
United States Investors
The United States Securities and Exchange Commission ("SEC")
permits U.S. mining companies, in their filings with the SEC, to
disclose only those mineral deposits that a company can
economically and legally extract or produce. We use certain terms
in this press release, such as "measured," "indicated," and
"inferred" "resources," which the SEC guidelines prohibit U.S.
registered companies from including in their filings with the
SEC.
John F. KearneyChairman(416) 362-6686(416) 368-5344Alan B.
TaylorVP Exploration & Chief Operating Officer(604)
688-2001(604) 688-2043Tollfree:1-866-688-2001Steve DawsonVP
Corporate Development(416) 203-1418(416)
368-5344invest@canadianzinc.comwww.canadianzinc.com
Norzinc (QB) (USOTC:NORZF)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Norzinc (QB) (USOTC:NORZF)
Gráfica de Acción Histórica
De May 2023 a May 2024
