NORZINC LTD.: announcements explained, share price

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

12 Dec 2012drilling result▲ GoodMajor

The 2012 program drilled 5,629 m in 12 holes at Prairie Creek and produced the richest silver ever reported on the property, 1.3 m at 2,059 g/t silver in PC-12-216, plus a coincident electromagnetic and gravity anomaly about a kilometre from the mill that became the 2013 priority target. The same filing carries the business acquisition report for Paragon Minerals, bought by plan of arrangement on 24 September 2012, which is how the Newfoundland projects came into the company.

Discuss in chat

6 Dec 2011drilling result▲ Good

Step-out drilling 1.7 km north of the Prairie Creek mine hit the same vein-hosting fault structure: PC-10-187 assayed 0.52 m at 5.90% zinc, 4.92% lead and 34 g/t silver, and a wedge cut 50 m below it, PC-11-187W2, returned 3.50 m at 11.47% zinc, 5.26% lead and 84 g/t silver. Both intercepts sit stratigraphically above the rocks that host the defined resource, and the deeper follow-up hole PC-11-206 was stopped 230 m short of its target when winter closed the 2011 season.

Discuss in chat

21 Sept 2009drilling progress report● Neutral

A drill program starts at the Tuvatu gold project on Viti Levu, Fiji, under a six-month option to acquire it expiring 31 October 2009 - a gold project on the other side of the Pacific from a zinc developer's only real asset. The drilling is meant to test extensions of the known gold zones and nearby anomalies before the option decision.

Discuss in chat

20 July 2007drilling result▲ GoodMajor

A filing covering four items: a 5 July press release on further vein and stratabound mineralisation at Prairie Creek, a 12 July announcement that surface exploration drilling began, an 18 July $10 million private placement with Sprott Asset Management, and the June proxy voting results.

Discuss in chat

13 Mar 2007drilling result▲ GoodMajor

The earliest cached event, and the record starts mid-programme rather than at a beginning: underground drilling from the newly driven decline at Prairie Creek returned the first six holes of Section 50650N, including PCU-06-003 with 6.40 m at 12.42% zinc, 15.55% lead, 396 g/t silver and 1.185% copper, and PCU-06-001 with 4.59 m at 23.87% zinc, 9.11% lead and 170 g/t silver. One hole, PCU-06-004, found no significant mineralisation.

Discuss in chat