Experts say China could soon look to import refined metal as its available zinc concentrate continues to fall, per a May 2013 Economic Times report (http://nnw.fm/v8PAW). The falling demand there for steel galvanization is partly to blame; a national crackdown on industrial pollution is helping to drive this decline as well. A decline in refined zinc output from 43,400 tonnes in March 2017 to 41,300 tonnes in April 2017 has been noted by the National Bureau of Statistics, and refined metal production has been affected by major mine closures in Australia and Ireland. In contrast to Chinese production cuts, Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) has stepped up its exploration efforts to meet a global demand for zinc imports.
In a recent press release (http://nnw.fm/2k1MI), the company reported that China boosted its refined zinc imports 21 percent year-over-year while, according to Reuters, zinc ore and concentrates shipments rose 44 percent. These are just a few statistics proving the importance of Kootenay Zinc Corp.’s step up of zinc exploration. The Vancouver-based company is expanding its exploration program at its Sully Property, which is 18 miles east of one of the world’s largest mineral deposits, the legendary Sullivan Mine.
Although the renowned Sullivan Mine closed in 2001 after nearly 100 years in operation, geological data thus far suggests Kootenay Zinc’s Sully Project shares many of the same geological features. These are known for sedimentary exhalative, or SEDEX deposits, that fed the original mine’s 17 million tons of lead and zinc obtained over its operating life. Both locations also reside in the same basin; the company has already seen evidence of a lead-zinc soil anomaly cause by a buried deposit. Minerals may be being leaked up through faults and dispersed amongst the till and alluvium.
An aerial survey also found magnetic anomalies up to two miles long in the area. Exploration efforts continue as these nearly coincide with gravity anomalies. A drilling effort in 2004 may have missed the main deposit site by about 100 meters, according to downhole readings of the local magnetic field and temperature, taken in 2014. Testing has continued into June 2017, when a Kootenay Zinc Corp. exploration update (http://nnw.fm/5kQc1) revealed that scientific observations were ongoing. These included gravity surveying, soil geochemistry sampling, and interpretation and mass modeling. In addition to drilling preparations, road and access preparations were ongoing at the site. The company has been focused on the E3 drilling target, which appears to be a more attractive drilling target compared to the extensively measured and analyzed E1 site.
In fact, outcrop samples have been taken from multiple sites for assay; at two of them, zinc values were above 10,000 parts per million, per a soil geochemical survey in June. Several other samples at the base of the slope were in the 150 to 300 parts per million range. The Sully property is currently 1,375 hectares, or nearly 3,398 acres, in size, and located in British Columbia, where Kootenay continues its mineral exploration and development efforts.
To find out more about Kootenay Zinc Corp. and the company’s exploration efforts at Sully, visit www.KootenayZinc.com
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