Canadian Zinc Participates in Vatukoula Financings Canadian Zinc Corporation has Conditionally Agreed to Subscribe for 125 Million New Shares in Vatukoula Gold Mines plc(“Vgm”) for an Investment of £1.5 Million(1.2 Pence 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 Approximately 37 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 31 August 2009 was 6,722 Ounces. On Sep 29, 2009
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. On Sep 02, 2009
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 Approximately 37 KM to the Southwest of the 11 Million Ounce Vatukoula(Formerly Known as Emperor) Gold Deposit. According to the August 2000 Pre-Feasibility Study Completed by Emperor the Geological Resource was Estimated to be 1,844,000 Tonnes Grading 9.1 G/T(Approximately 540,000 Ounces) . Indicated Resources Were Stated to be 852,300 Tonnes Grading 7.71 G/T(Contained Gold of 211,000 Ounces) , While the Inferred Resources Were Stated to be 608,200 Tonnes Grading 14.47 G/T(Contained Gold of Approximately 283,000 Ounces) . 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. On May 19, 2009
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