Zinc One Resources Inc. (TSX-V: Z) (OTC: ZZZOF)

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Zinc One Resources Inc. (TSX-V: Z) (OTC: ZZZOF)

Postby QualityStocks » Thu Nov 02, 2017 1:34 pm

Zinc One Resources Inc. is a Vancouver, Canada-based company focused on the acquisition, exploration and development of prospective and advanced zinc projects in mining friendly jurisdictions. Zinc One’s key assets are the Bongará Zinc Mine and Charlotte-Bongará Zinc-Oxide Project in north-central Peru. Historical production of the Bongará Mine, which was mined from 2007-2008 until a fall in zinc prices shut it down, revealed greater than 20 percent zinc grades and recoveries over 90 percent, all from surface mining. Bongará’s high grade zinc mineralization is considered a rare situation and one that Zinc One management is poised to explore further. The neighboring Charlotte-Bongará Zinc-Oxide Project has multiple at-surface, high-grade drill intercepts providing numerous drill targets.

Zinc One controls both zinc-oxide mine projects, making it the first time a single operator has been in control of the two locations, giving the company a unique opportunity to delineate a substantial high-grade, zinc-oxide resource along a 4 kilometres-long trend. A previous operator produced 55.1 million pounds of zinc, running at 358 tonnes a day. Zinc One has access to all data and technical work dating back to the 1990s and controls a third zinc prospect located in central Peru as part of its portfolio.

The company has also received approval from Peru’s Ministry of Energy and Mines to suspend the mine closure at the Bongará location, which allows Zinc One to utilize the current Environmental Impact Assessment attached to the project for current and future permitting. This critical approval allows the company to take another important step forward in its plans to reopen production at the Bongará zinc-oxide project. Zinc One’s project locations involve open pit/surface mining, requiring less infrastructure and a much better cost ratio than traditional underground mines.

Zinc One is managed by a proven team of exploration geologists and engineers with extensive experience in constructing and operating successful mining operations. The company’s business strategy includes restarting production at the Bongará Zinc-Oxide Mine with exploration of targets along a 6-kilometer strike as well as exploring the Charlotte Bongará Zinc-Oxide Project.

World stockpiles of zinc are at multiyear lows while demand continues to be strong. In 2016, zinc demand became greater than the available supply for the first time in a decade. Zinc is essential for rustproofing steel and is used in a variety of infrastructures. It’s also used to produce batteries, fertilizers, paints, plastics, cosmetics and multivitamins. The International Zinc Association estimates that zinc could save the world over $300 billion annually in direct corrosion costs and another $300 billion annually in indirect costs. Zinc is an invaluable base metal and a strategic priority for many industries.
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Re: Zinc One Resources Inc. (TSX-V: Z) (OTC: ZZZOF)

Postby QualityStocks » Thu Nov 02, 2017 4:25 pm

Zinc One Resources Inc. (TSX.V: Z) (OTC: ZZZOF) (FSE: RH33) is “One to Watch”

- Zinc demand predicted to grow steadily in coming years
- Global stockpiles of zinc are at multiyear lows
- Zinc prices doubled since January 2016, soaring to above $3,000 per tonne

Zinc One Resources Inc. (TSX.V: Z) (OTC: ZZZOF) (FSE: RH33) is a Vancouver, Canada-based company focused on the acquisition, exploration and development of prospective and advanced zinc projects in mining friendly jurisdictions. Zinc One’s key assets are the Bongará Zinc Mine and Charlotte-Bongará Zinc-Oxide Project in north-central Peru. Historical production of the Bongará Mine, which was mined from 2007-2008 until a fall in zinc prices shut it down, revealed greater than 20 percent zinc grades and recoveries over 90 percent, all from surface mining. Bongará’s high grade zinc mineralization is considered a rare situation and one that Zinc One management is poised to explore further. The neighboring Charlotte-Bongará Zinc-Oxide Project has multiple at-surface, high-grade drill intercepts providing numerous drill targets.

Zinc One controls both zinc-oxide mine projects, making it the first time a single operator has been in control of the two locations, giving the company a unique opportunity to delineate a substantial high-grade, zinc-oxide resource along a 4 kilometres-long trend. A previous operator produced 55.1 million pounds of zinc, running at 358 tonnes a day. Zinc One has access to all data and technical work dating back to the 1990s and controls a third zinc prospect located in central Peru as part of its portfolio.

The company has also received approval from Peru’s Ministry of Energy and Mines to suspend the mine closure at the Bongará location, which allows Zinc One to utilize the current Environmental Impact Assessment attached to the project for current and future permitting. This critical approval allows the company to take another important step forward in its plans to reopen production at the Bongará zinc-oxide project. Zinc One’s project locations involve open pit/surface mining, requiring less infrastructure and a much better cost ratio than traditional underground mines.

Zinc One is managed by a proven team of exploration geologists and engineers with extensive experience in constructing and operating successful mining operations. The company’s business strategy includes restarting production at the Bongará Zinc-Oxide Mine with exploration of targets along a 6-kilometer strike as well as exploring the Charlotte Bongará Zinc-Oxide Project.

World stockpiles of zinc are at multiyear lows while demand continues to be strong. In 2016, zinc demand became greater than the available supply for the first time in a decade. Zinc is essential for rustproofing steel and is used in a variety of infrastructures. It’s also used to produce batteries, fertilizers, paints, plastics, cosmetics and multivitamins. The International Zinc Association estimates that zinc could save the world over $300 billion annually in direct corrosion costs and another $300 billion annually in indirect costs. Zinc is an invaluable base metal and a strategic priority for many industries.

For more information, visit the company’s website at www.ZincOne.com
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Re: Zinc One Resources Inc. (TSX-V: Z) (OTC: ZZZOF)

Postby QualityStocks » Fri Nov 03, 2017 4:12 pm

NetworkNewsBreaks – Zinc One Resources Inc. (TSX.V: Z) (OTC: ZZZOF) (FSE: RH33) Positioned to Exploit Strong Demand for Zinc

Vancouver, Canada-based Zinc One Resources Inc. (TSX.V: Z) (OTC: ZZZOF) (FSE: RH33) is focused on the acquisition, exploration and development of prospective and advanced zinc projects in mining friendly jurisdictions. The company boasts a proven team of exploration geologists and engineers to operate its two key assets, the Bongará Zinc Mine and Charlotte-Bongará Zinc-Oxide Project in north-central Peru. An article discussing this reads: “World stockpiles of zinc are at multiyear lows while demand continues to be strong. In 2016, zinc demand became greater than the available supply for the first time in a decade. Zinc is essential for rustproofing steel and is used in a variety of infrastructures. It’s also used to produce batteries, fertilizers, paints, plastics, cosmetics and multivitamins. The International Zinc Association estimates that zinc could save the world over $300 billion annually in direct corrosion costs and another $300 billion annually in indirect costs. Zinc is an invaluable base metal and a strategic priority for many industries.”
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Re: Zinc One Resources Inc. (TSX-V: Z) (OTC: ZZZOF)

Postby QualityStocks » Tue Nov 07, 2017 6:13 pm

Soaring Zinc Price, Mounting Supply Deficit Create Opportunity for Sector Operators

NetworkNewsWire Editorial Coverage: Zinc supplies are dwindling, and spot prices are soaring. Futures look robust, as well, and, despite a minor pullback toward the end of the week of October 23, there appears to be a stable forward price trajectory for the foreseeable future. As fundamental drivers such as China’s reduced production of mined and refined zinc loom large, the upside for smaller sector participants such as Vancouver-based Zinc One Resources, Inc. (OTC: ZZZOF) (TSX.V: Z) (Zinc One Profile) is now coming sharply into focus, and there is still plenty of upside for other sector players like Vedanta (NYSE: VEDL), Hecla Mining (NYSE: HL), Southern Copper (NYSE: SCCO) and Teck Resources (NYSE: TECK).

According to a recent Technavio report, zinc demand is projected to continue providing upward of 2 to 3 percent CAGR, as it has in preceding years. The report predicts that the global zinc market will bear a hearty 4 percent CAGR through 2021 on the continued strength of vectors such as China’s trillion dollar-plus “One Belt, One Road” infrastructure development initiative, given that more than half of the demand for zinc comes from galvanizing (steel) applications. Zinc on the London Metal Exchange hit a 10-year high of $3,308 per metric ton ($1.50 per pound) in October and hit a nine-and-a-half-year high on the Shanghai Futures Exchange of $4,048 per metric ton. Meanwhile, stockpiles of zinc on both the LME and SHFE are at some of their lowest levels since 2008 and 2009. As of the end of the week of October 23, the cash/three-month LME spread is in significant backwardation, adding further weight to the supply shortage in the spot market. According to the International Lead and Zinc Study Group, the zinc supply shortfall was up 30 percent year-on-year for the first eight months of 2017 alone.

Such factors are what makes a smaller zinc-focused developer like Zinc One Resources (OTC: ZZZOF) (CVE: Z) so interesting, particularly given the company’s direct access to historically proven high-grade zinc-oxide mineralization via its Bongara zinc-oxide mine project in mining-friendly northern Peru’s mineral-rich Amazonas Region, obtained via the acquisition of Forrester Metals in June. In concert with the acquisition, Zinc One Resources closed a fully subscribed $10 million private placement that will fund exploration and development costs at Bongara, and it tapped industry veteran Dr. William “Bill” Williams (PhD, Economic Geology) as its COO.

Williams brings a considerable amount of raw experience to the table, having previously served as president and CEO of gold/copper-focused Orvana (OTC: ORVMF), as well as vice president of the copper/molybdenum-focused private company Phelps Dodge Exploration. And quite the table it is, with a proven management team of exploration geologists and engineers whose top three members have over a century of combined mining experience focused on advancing projects into production. Williams will no doubt be instrumental when it comes to ensuring the short-term and long-term success of the roughly 20,000-acre Bongara mine project and adjacent Charlotte Bongara site, which represents nearly 7,700 additional acres of drill-tested high-grade zinc oxide mineralized land.

Williams is joined by a management team with a track record of raising capital, leveraging an extensive network to identify new projects and negotiate potential acquisitions. Backed by this management team, Zinc One is in a favorable position to execute its business plan to successfully bring its Bongara Mine Project back into production and achieve near-term cash flow. A look at the project’s history emphasizes this potential.

The Bongara Zinc project was discovered in 1974 and was mined in 2007 and 2008 via open-pit operations covering just 37 acres of the massive site. The mine yielded 358 metric tons per day resulting in a 60 to 65 percent zinc end product using a very simple Waelz kiln process before the mine was shuttered in late 2008 due to the slumping market price for zinc. In addition to more recent sampling, this historic record offers a solid indicator that the project’s output can be readily extracted and processed using simple and straightforward techniques. The project has good road access and exceptional community relations with the locals.

Extant sampling and analysis indicates a sizeable zinc-oxide mineralization trend that runs all the way along the Bongara Zinc Mine site for nearly three-quarters of a mile, extending northwest into an additional exploration area (Campo Cielo) where trenching and pit mining have shown similarly high-grade zinc-oxide mineralization. The companion Charlotte Bongara mine site is adjacent to the northwest of Bongara. This is the first time these two projects have been controlled by a single operator, and, post-acquisition, they comprise an exceptional opportunity for Zinc One Resources to delineate a substantial trend of high-grade zinc-oxide that stretches for nearly two-and-a-half miles. The historical resource estimate (PDF) from Forrester on the Bongara project contains additional data and technical work stretching back to the 1990s.

The historical measured and indicated resource for the Bongara project is a hefty 1,007,796 metric tons at a grade of 21.61 percent zinc (plus 209,018 metric tons at 21.18 percent zinc inferred). With over 26,247 feet of drilling having already been completed on the project — including gorgeous intercepts such as 29.5 percent zinc across 50.9 feet, 26.1 percent zinc across 41.0 feet and 29.7 percent zinc across 37.7 feet. It is rare for zinc mineralization grades to be as exceptionally high as they are at Bongara, and the fact that the mineralization is on the surface only enhances the project’s expected economics. Ongoing surface sampling at Bongara recently showed (http://nnw.fm/o3ghQ) even more promising results, including two surface channel samples reading 47.73 percent zinc over 26.6 feet and 25.65 percent zinc over 64.6 feet, as well as an exploration pit sample of 32.50 percent zinc over 12.5 feet.

Zinc One is one of the few new zinc companies with near-term production potential, placing it among the ranks of mature companies with a deeper history in metals.

Vedanta’s (NYSE: VEDL) share price has been feeling the momentum from rising zinc prices, climbing to just shy of a yearly high at around $21 (October 30 close). Goldman Sachs (NYSE: GS) recently upped its stake in the company by 3.9 percent (to $3.99 million) after JPMorgan Chase (NYSE: JPM) went whole-hog earlier in October, upping its stake by a whopping 5,527.9 percent (to $1.164 million). With around a 72 percent share of the India zinc market under its thumb and occupying the number two slot for global production behind Glencore, Vedanta, which owns a 64.9 percent stake in subsidiary Hindustan Zinc, is well positioned to capitalize on higher zinc prices moving forward.

With four operating mines in North America and a bevy of exploration projects, Hecla Mining (NYSE: HL) is the biggest primary silver producer in the entire region. However, the company’s zinc component is starting to shine as the price rises. The company had around 111,000 tons of zinc in the proven reserves category at the close of 2016, with the lion’s share located at the company’s deep underground Lucky Friday mine in northern Idaho’s Coeur d’Alene Mining District, from which the company ships lead and zinc concentrates up to British Columbia for processing by Teck’s massive smelting and refining complex in Trail.

Teck Resources (NYSE: TECK), a diversified mining, smelting and refining group, is one of the world’s top metallurgical producers of coal and zinc and has been looking more toward zinc as the price of coal continues to sag. The company recently reported record zinc production for the second quarter in a row (102,300 metric tons) at its massive Peruvian copper-zinc mine, Antamina. It also upped the 2017 zinc production guidance for the Red Dog site to as much as 550,000 metric tons, with plans to have shipped one million tons of zinc concentrate as the season ends during the first week of November.

Southern Copper (NYSE: SCCO) has a substantial zinc production footprint in Mexico and continues to see big profits on the strength of rising copper prices, with better-than-expected Q3 earnings and a doubling of net profits compared to the same quarter last year. Zinc sales increased for Southern Copper nearly in proportion to the rise in copper sales for the company during the quarter, with zinc sales 31.4 percent higher than in Q3 2016. That’s an astonishing figure for a company that is better known for copper, and, with a supply deficit in the cards for copper similar to the one in the zinc market, SCCO may just be getting warmed up.

Mounting demand for zinc from markets like China and a supply deficit the likes of which we haven’t seen in a decade spell big things for companies with skin in the zinc game. Zinc One is in an especially unique position as one of the few younger zinc companies with near-term production potential. If successfully placed back into production, the company’s Bongara Mine Project stands to be one of the continent’s highest-grade zinc mines.

For more information on Zinc One Resources please visit: Zinc One Resources Inc. (TSX-V: Z) (OTC: ZZZOF) (FSE: RH33)
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Re: Zinc One Resources Inc. (TSX-V: Z) (OTC: ZZZOF)

Postby QualityStocks » Wed Nov 08, 2017 5:55 pm

Producers Aim to Address Growing Global Zinc Deficit amid Price Surge, Rising Demand

NetworkNewsWire Editorial Coverage: Zinc is used for various applications in many industries, including construction, oil & gas, power generation, automotive and shipbuilding. It is also used to produce zinc oxide, a constituent of many diverse products including nuclear reactors, solar cells, sunscreen, multivitamins and fertilizer. Fully 50 percent of the world’s zinc is used in galvanizing steel to prevent corrosion, which makes it highly prized by countries engaged in infrastructure development. Amid heightened demand, Mining.com (http://nnw.fm/9jaWx) reports that zinc prices have surged by 78 percent since 2016, have increased 286 percent in the last two years, and currently stand at over $3,200. This remarkable surge has created a deficit in the zinc market, with producers like Canadian-based Zinc One Resources, Inc. (OTC: ZZZOF) (Z.CA) (Zinc One Profile) poised to capitalize on the increased demand for the base metal. Other established zinc producers preparing to take up the slack include Hudbay Minerals, Inc. (NYSE: HBM) (TSX: HBM), Ivanhoe Mines Ltd. (OTCQX: IVPAF) (TSX: IVN), Lundin Mining Corp. (OTC: LUNMF) (TSX: LUN) and Trevali Mining Corp. (OTCQX: TREVF) (TSX: TV).

China is foremost in the drive for improved infrastructure, and zinc demand is likely to continue in line with the demand for structural steel for construction projects. Furthermore, the Trump Administration has announced its intention to spend $1 trillion on upgrading infrastructure in America. As such, industry projections are that China and the United States will contribute significantly to an annual growth in zinc demand of 2.4 percent over the next few years. This growth will follow a decade-long lag in demand, which triggered a corresponding drop in the zinc price. As a result, many companies cut back on production, resulting in the current market deficit.

Investing News reports a prediction from analysts at Bloomberg Markets that supply will continue to trail demand over the coming years (http://nnw.fm/7F1wa), enabling companies like Vancouver-based Zinc One Resources (OTC: ZZZOF) (Z.CA) to capture their share of market opportunity. With a strong focus on the acquisition, exploration and development of advanced zinc assets, Zinc One’s primary projects are located in Peru, the country with the third-highest zinc reserves in the world. Peru has a mature and stable mining industry that provides half of the country’s GDP.

In June 2017, Zinc One acquired Forrester Metals, Inc., and through this the Bongara Mine zinc-oxide project and Charlotte-Bongara Projects. On par with broader industry trends, the Bongara Mine was in full production from 2007 through 2008, but was shut down when the zinc price collapsed in the wake of the global financial crisis. Historical resource data shows a measured indicated and inferred resource of over 1.2 million tons of high grade (20%+), near-surface zinc. With a history of mining on the concessions, Zinc One enjoys positive and productive community relations in the area, which is of significant value for any mining company.

The Bongara Mine’s high-grade zinc mineralization is a rare find, and Zinc One intends to leverage the zinc-rich soil to bring Bongara back into production.

Zinc One in August received approval from Peru’s Ministry of Energy and Mines to suspend the mine closure at the Bongara Mine location, which allows the company to utilize the current Environmental Impact Assessment attached to the project for current and future permitting (http://nnw.fm/mZa3r). This approval allows the company to take another vital step toward its plans to reopen production at the Bongara Mine. Notably, at Bongara, open pit mining can be used to extract the zinc, which can reduce the costs associated with underground mining.

On November 1 the company announced another advancement, publishing positive results from an ongoing surface-sampling program at the Bongarita and Mina Chica areas. The company reported highest grades that include a surface channel sample (#38) with 47.73% zinc over 8.1 meters from a dolomite, a surface channel sample (#72) that yielded 25.65% zinc over 19.7 meters from a dolomite breccia, and 32.50% zinc over a 3.8-metre depth from a dolomite breccia in an exploration pit (#425).

“As expected, the high-grade zinc grades from this current sampling program are very encouraging and augments our opinion that the Bongarita and Mina Chica areas hold significant potential. In particular, these areas have not been drilled and that the base (footwall), outlining the depth extent of mineralization, is not well defined. The upcoming drill program should help to better define the footwall of mineralization as well as better determine the magnitude of mineralization left behind by past mining in the Mina Grande area. Overall, we anticipate that the drill program will better delineate and expand the known mineralization at the Bongara Zinc Mine Project,” Zinc One president and CEO Jim Walchuck stated in the press release announcing the results (http://nnw.fm/lY23V).

Zinc One’s neighboring Charlotte-Bongara Zinc-Oxide Project also shows potential, with multiple at-surface, high-grade drill intercepts providing numerous drill targets.

The Bongara Mine Project mineralization lies on surface with simple metallurgy and greater than 90 percent recovery, as demonstrated in past production. The Charlotte-Bongara Project will require exploration to determine the extent of the mineralization; near-surface drill intercepts conducted over a stretch of 8 kilometers (4.9 miles) at this location by Rio Cristal Zinc in 2008 showed extremely high-grades of 29.5 percent zinc at 15.5 meters, 26.1 percent at 12.5 meters, and 29.7 percent zinc at 11.5 meters.

As it stands, Zinc One is one of the few new zinc focused companies with near-term production potential, allowing the company to occupy a position alongside its large-cap, older peers like Hudbay Minerals (NYSE: HBM) (TSX: HBM). With interests principally in mining operations and exploration, Hudbay focuses on reserves of base and precious metals including copper, zinc, gold and silver. The company operates three mines in the Flin Flon Greenstone Belt in Manitoba, another in southern Peru and is busy with a development project in Arizona. The company has just released its third quarter results for 2017, which show operating cash flow of USD$154 million, an increase of 24 percent over the previous quarter. Copper production for the quarter was over 40,000 tons, with zinc production of almost 37,000 tons.

Ivanhoe Mines (OTCQX: IVPAF) (TSX: IVN) is a mining company that has been operating in sub-Saharan Africa for more than 24 years. Its Kipushi mine, located in the Democratic Republic of Congo (DRC), produces silver, germanium, copper and zinc. The company also has the Kamoa-Kakula copper mine located in Congo’s copper belt. A new exploration project in Kakula West returned Ivanhoe operates the Platreef mine in South Africa that produces both base and precious metals, including copper, nickel, gold and platinum group metals.

Another larger and older peer, Trevali Mining (OTCQX: TREVF) (TSX: TV) has mining interests in the Americas and Africa. Its presence in New Brunswick, Canada extends to the 100 percent owned Caribou Mine in the north of the province, while it also owns the Halfmile and Stratmat concessions of base metal deposits that are under review for potential development. The company also has controlling interests in three other mines; the wholly-owned Santander mine in Peru, a 90 percent share in the Perkoa mine in Burkina Faso and 80 percent ownership of the Rosh Pinah mine in Namibia.

Also enjoying uptrends in zinc is Lundin Mining (OTC: LUNMF) (TSX: LUN), a diversified Canadian-based metals mining company with operations in the United States, Chile, Portugal and Sweden. In addition to its production of zinc, copper and nickel, the company has a 24 percent stake in a cobalt refinery, Freeport Cobalt Coy, located in Kokkola, Finland. For 2019, Lundin provides outlook for zinc production between 152,000-162,000, its same forecast for 2017 (http://nnw.fm/ioaR1).

Zinc is an invaluable base metal and a strategic priority for many industries, and all indications are that the price of zinc will continue to increase over the next few years while producers scale-up their operations in an effort to meet market demands. The sudden surge in the demand for zinc has caught some producers unprepared, but with three c-level managers totaling 100 years of combined mining experience putting projects into production, Zinc One has the resources and expertise to meet demand.

For more information on Zinc One Resources, visit Zinc One Resources (OTC: ZZZOF) (Z.CA)
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Re: Zinc One Resources Inc. (TSX-V: Z) (OTC: ZZZOF)

Postby QualityStocks » Thu Nov 09, 2017 6:50 pm

Backwardation in Zinc Market Signals Strong Demand and Tightening Supplies

NetworkNewsWire Editorial Coverage: Zinc is in a bull market. Over the past two years, global supplies of the metal have fallen by 3-4% while demand has continued to rise. In recent months, the resulting price increases have been accelerating. One-year spot zinc trading at $1,000 per pound in June 2017 is now near $1,500 per pound, according to KITCO data (http://nnw.fm/53yPa). That 50-percent increase has led to a market condition known as backwardation, when spot prices rise above current futures prices. With backwardation signaling strong demand and tightening supplies, proactive miners like Zinc One Resources, Inc. (OTC: ZZZOF) (Z.CA) (Zinc One Profile), Hecla Mining Company (NYSE: HL), Southern Copper Corp. (NYSE: SCCO), Teck Resources (NYSE: TECK) and Vedanta Ltd (NYSE: VEDL) are taking steps to increase output and take advantage of a favorable market.

The recent increases in the spot price of zinc will undoubtedly make shuttered operations look more viable. Respected industry consultants Wood Mackenzie believe the critical issue for the market, in the near to medium term, is the response of the world’s largest producer, Glencore. The world’s No. 1 zinc producer is widely expected to return its major zinc mines to full production, but the timing remains uncertain. For the medium to long term, Wood Mackenzie questions ‘whether the zinc mining industry will be able to develop sufficient new mine capacity to offset scheduled mine closures and the incremental increase in global demand’ (http://nnw.fm/0YUHz). That disquiet is real. Nothing has changed since the International Lead and Zinc Study Group released its Spring 2017 report (http://nnw.fm/yl6VF), which forecast an increase in global demand for refined zinc metal by 2.6% to 14.30 million tons in 2017.

The present supply shortfall hasn’t gone unnoticed by Zinc One Resources (OTC: ZZZOF) (Z.CA), which is focused on the acquisition, exploration and development of prospective and advanced zinc projects. The Vancouver-based company plans to revive the past-producing Bongará Zinc Mine project, which was discovered in 1973 and mined by a previous owner from 2007 to 2008 employing open-pit methods, but it was subsequently shut down due to declining zinc prices.

At that time, the zinc oxide rich mineralized soil was dug up and dried on site and then shipped 540 kilometers (just over 335 miles) westward to the coast where it was processed through a Waelz kiln using a process technology typically applied to recover zinc from flue dust in steel mills. A greater than 60% zinc calcine was captured and subsequently marketed to smelters and refineries in Peru and the United States.

While in operation, Bongará showed its value, with high zinc grades above 20 percent and recoveries from surface deposits exceeding 90 percent. A neighboring asset is the icing on Zinc One’s cake. Adjacent to the main Bongará site is the Charlotte Bongará Zinc-Oxide Project, which has several at-surface high-grade drill intercepts providing numerous drill targets (i.e. 29.5% zinc across 15.5 meters, 26.1% zinc across 12.5 meters and 29.7% zinc across 11.5 meters), many with blue-sky potential. This is the first time that these two assets have been controlled by a single operator, giving Zinc One a unique opportunity to delineate a substantial high-grade, zinc-oxide resource along a 6-kilometer-long trend (3.7 miles), from which 55.1 million pounds of zinc (358 tonnes per day) have been produced in the past. Zinc One also has access to all data and technical work dating back to the 1990s and controls a third zinc prospect located in British Columbia, Canada as part of its portfolio.

Moreover, Peru’s Ministry of Energy and Mines has suspended the closure of the Bongará Zinc Mine, which allows Zinc One to take another important step forward in its plans to reopen production at Bongará by utilizing the current Environmental Impact Assessment attached to the project for current and future permitting (http://nnw.fm/O82uE).

The company recently reported promising results from an ongoing surface sampling program at the Bongará Zinc Mine (http://nnw.fm/82oMy). The highest grades have included a surface channel sample (#38) with 47.73% zinc over 8.1 meters from a dolomite, a surface channel sample (#72) that yielded 25.65% zinc over 19.7 meters from a dolomite breccia, and 32.50% zinc over a 3.8-metre depth from a dolomite breccia in an exploration pit (#425).

Meanwhile, Hecla Mining Company (NYSE: HL), which produces gold, silver lead and zinc, has announced ‘substantial increases in production of all four metals’ in the third quarter ending September 30, 2017 (http://nnw.fm/6iqBs). In particular, production of zinc was 14,498 tons for the third quarter. Hecla, although primarily focused on silver and gold, unearths substantial quantities of zinc ore in its exploration activities. Its Greens Creek and Lucky Friday mines have reported large proven and probable zinc reserves. It is mainly known, however, as a leading, low-cost silver producer with operating silver mines in Alaska (Greens Creek), Idaho (Lucky Friday), and Mexico (San Sebastian) and as a gold producer with an operating mine (Casa Berardi) in Quebec, Canada.

Strangely zinc production was down (by 20%) at the Southern Copper (NYSE: SCCO). As its name indicates, this is a company focused mainly on copper, with operations in Southern Peru and Northern Mexico. It is the world’s largest publicly traded copper mining company and the world’s seventh largest copper mining company. In addition, it produces large quantities of zinc. Reporting for the third quarter 2017, the company said it had produced 19,572 tons of zinc (http://nnw.fm/w6Dk8).

However, Teck (NYSE: TECK), the world’s No. 3 zinc producer continues its reliance on the silvery metal. It has reported that 26% of its gross profit in 2016, before depreciation and amortization, came from zinc. In 2016, Hecla produced 662,000 tons of zinc contained in concentrate and expects to increase that in the near future. At its Red Dog operation in Alaska, the largest zinc pit in the world, a vein of hard-to-refine but zinc-rich rock with ore holding about 24 percent zinc (compared to 14 percent in the pit as a whole) has been discovered.

Vedanta (NYSE: VEDL) has already started to increase output. The company announced (http://nnw.fm/e73IT) that ‘mined metal production at its Indian zinc unit rose 42 percent in the first half, boosted by higher ore production across all its mines.’ The company said its open-pit operations at subsidiary Zinc India reached 452,000 tons for the half-year ended September 30, 2017. This marks a 180 degree turn for Vedanta. It was just two years ago that it closed its Lisheen mine in Ireland. At the time, Lisheen was Europe’s second-largest zinc mine with a capacity of around 175,000 tons. Its closure reduced global supplies by around 1.3 percent.

With zinc prices at a 10-year high, investors are awakening to the growth potential of key industry players. Backwardation in the markets has reinforced that positive outlook, with refiners willing to pay a premium (over future prices) in the spot market to secure supplies. As demand continues to rise in a post-recession world, zinc seems more than likely to maintain its luster.

For more information on Zinc One Resources, visit Zinc One Resources (OTC: ZZZOF) (Z.CA)
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Re: Zinc One Resources Inc. (TSX-V: Z) (OTC: ZZZOF)

Postby QualityStocks » Fri Nov 10, 2017 7:01 pm

NetworkNewsBreaks – Zinc One Resources Inc. (TSX.V: Z) (OTC: ZZZOF) (FSE: RH33) Intends to Update Historically-Producing Bongará Project

Zinc One Resources Inc.’s (TSX.V: Z) (OTC: ZZZOF) (FSE: RH33) past-producing Bongará Zinc-Oxide Mine Project in Peru spans an area of more than 19,768 acres. The company intends to bring Bongará back into production as world stockpiles of zinc are at multi-year lows. An article discussing this reads: “Zinc One’s objective is to delineate and update the historical resource and then be aggressive in taking the next steps to move the company into a producer generating cash flow. The company is extremely confident that it can match or exceed the historical resource at the Bongará Mine Project. The Company will have years of exploration along a six-kilometer strike length on the Bongará concessions, as well as the prospective Charlotte Bongará concessions. The company anticipates a completed updated resource estimate by Q2 of 2018 with a target of between 1.2 million and 2 million tons of zinc at 20 percent grade followed in short order by a Preliminary Economic Assessment.”
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Re: Zinc One Resources Inc. (TSX-V: Z) (OTC: ZZZOF)

Postby QualityStocks » Mon Nov 20, 2017 5:25 pm

NetworkNewsBreaks – Zinc One Resources Inc. (TSXV: Z) (OTC: ZZZOF) (FSE: RH33) Provides Technical Report on Scotia Property

Zinc One Resources Inc. (TSXV: Z) (OTC: ZZZOF) (FSE: RH33) today announced that its optioned Scotia Property, located in the Skeena Mining Division, British Columbia, is now estimated to contain an inferred resource estimate of 632,000 tonnes grading 7.6% Zinc, 0.74% Lead, 0.11% Cu, 19.75 g/t silver and 0.28 g/t gold (at a NSR US $75 cut/off). Data from holes drilled from 1960 to 1997 were used to complete the estimate. To read the full National Instrument 43-101 Technical Report disclosing the inferred resource estimate, visit www.sedar.com.
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Re: Zinc One Resources Inc. (TSX-V: Z) (OTC: ZZZOF)

Postby QualityStocks » Tue Nov 28, 2017 6:16 pm

NetworkNewsBreaks – Zinc One Resources Inc. (TSXV: Z) (OTC: ZZZOF) (FSE: RH33) Reports Update on Acquisition Agreement with Nubian Resources

Zinc One Resources Inc. (TSXV: Z) (OTC: ZZZOF) (FSE: RH33) announced this morning that Nubian Resources Ltd. (TSXV: NBR) finished its due diligence to purchase the Esquilache silver-lead-zinc project from Zinc One. Under the terms of the letter of intent announced in September, the entry into the definitive purchase agreement was to take place on November 24th, however, due to the additional time needed to complete the due diligence process, the companies have agreed to extend the entry into the definitive purchase agreement to December 22, 2017. Notably, $25,000 has been advanced to Zinc One, which reduces the cash amount owing on closing from $125,000 to $100,000, which will be in addition to common shares and annual advanced Net Smelter Royalty (NSR) payments specified by the letter of intent. Jim Walchuck, President and CEO of Zinc One, stated, “Zinc One is very pleased to complete this agreement that secures some financing for the Company allowing us to focus on our Bongará and Charlotte Bongará Peru projects which are of higher priority for us.”
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Re: Zinc One Resources Inc. (TSX-V: Z) (OTC: ZZZOF)

Postby QualityStocks » Thu Dec 07, 2017 5:46 pm

NetworkNewsBreaks – Zinc One Resources Inc. (TSXV: Z) (OTC: ZZZOF) (FSE: RH33) Intends to Exploit Hot Market with Bongará Zinc Mine Project

Vancouver, Canada-based Zinc One Resources Inc. (TSXV: Z) (OTC: ZZZOF) (FSE: RH33) remains focused on the acquisition, exploration and development of prospective and advanced zinc projects in mining friendly jurisdictions. The company plans to revive the past-producing Bongará Zinc Mine project in an effort to exploit the global rise in demand as supplies of the metal have fallen. An article discussing this reads: “While in operation, Bongará showed its value, with high zinc grades above 20 percent and recoveries from surface deposits exceeding 90 percent. A neighboring asset is the icing on Zinc One’s cake. Adjacent to the main Bongará site is the Charlotte Bongará Zinc-Oxide Project, which has several at-surface high-grade drill intercepts providing numerous drill targets (i.e. 29.5% zinc across 15.5 meters, 26.1% zinc across 12.5 meters and 29.7% zinc across 11.5 meters), many with blue-sky potential. This is the first time that these two assets have been controlled by a single operator, giving Zinc One a unique opportunity to delineate a substantial high-grade, zinc-oxide resource along a 6-kilometer-long trend (3.7 miles), from which 55.1 million pounds of zinc (358 tonnes per day) have been produced in the past.”
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Re: Zinc One Resources Inc. (TSX-V: Z) (OTC: ZZZOF)

Postby QualityStocks » Wed Dec 13, 2017 7:00 pm

NetworkNewsBreaks – Zinc One Resources Inc. (TSXV: Z) (OTC: ZZZOF) (FSE: RH33) Receives Approval of Permit for 124 Drill Platforms on the Bongará Zinc Mine Project

Zinc One Resources (TSXV: Z) (OTC: ZZZOF) (FSE: RH33) this morning said that a permit for 124 drill platforms has been approved by the Peruvian Ministry of Energy and Mines ("MEM"). The drill platforms are intended to serve the purpose of delineating mineral resources at the company's Bongará Zinc Mine Project in Peru, with drilling anticipated for January 2018. The permit allows for drilling of up to three holes per platform with an average drill depth of approximately 25 metres. The results from this drill program will be utilized in advancing the Bongara Zinc Mine Project toward a Preliminary Economic Assessment (“PEA”). "This is one of the most important milestones we have reached thus far. This permit will allow the Company to drill the areas of known mineralization in the Mina Grande, Mina Chica, and Bongarita sectors and, in conjunction with the results from the ongoing surface and pit sampling, allow us to complete a resource estimate that a PEA can be based on. We are confident that we will be able to confirm the historic resource — 1Mt of 21.6% Measured and Indicated and 0.21Mt of 21.2% Inferred. This is especially significant since the Mina Chica and Bongarita sectors have never been drilled and we believe that our drill program will be able to really define the zinc-rich zones of mineralization on the Mina Chica, Bongarita and Mina Grande sectors of the project," Zinc One president and CEO James Walchuck stated in the news release.
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