Available zinc concentrate continues to decline in China, driving an increase in zinc imports in the country. Various factors are credited for this, including falling demand for steel galvanization in China and a nationwide crackdown on industrial pollution. The entire world is similarly feeling the zinc shortage in the wake of major mine closures in Australia and Ireland, and Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) has strategically stepped up its own exploration activities to help meet the growing 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 caused by a buried deposit. Minerals may be being leaked up through faults and dispersed amongst the till and alluvium.”
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About Kootenay Zinc Corp.
Kootenay Zinc Corp. is a mineral exploration and development company based in Vancouver, British Columbia that is presently targeting the Sully Property. The company is focused on discovering large-scale sedimentary-exhalative (“SEDEX”) deposits. The Sully Property comprises 1,375 hectares located approximately 30 kilometres east of Kimberley, B.C., and overlies rocks of similar age and origin as those which host the world-class Sullivan deposit, owned by Teck Resources Ltd. Sullivan was discovered in 1892, and is known to be one of the largest SEDEX deposits in the world. Over its 100-year lifetime, Sullivan produced approximately 150 million tonnes of ore, including approximately three hundred million ounces of silver, eight million tonnes of zinc and eight million tonnes of lead. The equivalent level of strata as at Sullivan and that formed on the margin of that same basin are present at the Sully Property. The Company cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Sully Property. For more information, visit http://www.kootenayzinc.com.
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