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Tuvatu (Canadian Zinc)
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Canadian Zinc Participates in Vatukoula Financings
Canadian Zinc Corporation has Conditionally Agreed to Subscribe for125Million New Shares in Vatukoula Gold Mines plc(“Vgm”)for an Investment of £1.5Million (1.2Pence PER Share). Canadian Zinc Also Reports That it has Agreed to Cancel its Option on the Tuvatu Gold Project in Fiji. Tuvatu is a High Grade Gold Deposit on the Island of Viti Levu,Fiji,and Located Approximately37 Kilometres to the Southwest of the Vatukoula Gold Mine. the Tuvatu Project is Currently Owned by American Eagle Resources Inc.,Through its 100 % Owned Fijian Subsidiary Lion one Limited. Vatukoula has Announced That Gold Production From the Vatukoula Mine for the Quarter Ending 31August 2009was6, 722 Ounces.
Tuvatu Gold Project Drilling Commenced
Canadian Zinc Announced That it is Commencing a Diamond Drill Exploration Program on the Tuvatu Gold Project on the Island of Viti Levu,in Fiji.
Tuvatu Gold Project Optioned
Canadian Zinc Corporation Entered Into an Option Agreement on the Tuvatu Gold Project in Fiji. Tuvatu is a High Grade Gold Deposit Located on the Island of Viti Levu,Fiji,and Located Approximately37 KM to the Southwest of the11 Million Ounce Vatukoula(Formerly Known as Emperor)Gold Deposit. According to the August 2000PRE-Feasibility Study Completed by Emperor the Geological Resource was Estimated to be1, 844 ,000Tonnes Grading9.1G/T(Approximately540,000Ounces). Indicated Resources Were Stated to be852, 300 Tonnes Grading7. 71G/T(Contained Gold of 211 ,000Ounces), While the Inferred Resources Were Stated to be 608,200 Tonnes Grading14 .47 G/T(Contained Gold of Approximately283,000Ounces). the Tuvatu Project is Currently Owned by American Eagle Resources,Inc. Through its 100 % Owned Fijian Subsidiary,Lion one Limited,the Holder of the Special Prospecting Licences and the Special Prospecting Licence Application Comprising the Tuvatu Property.
2/10/2016 10:34:13 PM