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Gold/Mining/Energy : Canadian Zinc -- Ignore unavailable to you. Want to Upgrade?


To: Internship who wrote (10)9/8/2020 1:50:32 AM
From: Internship  Respond to of 13
 
Federal Grants for First Nation Housing in coordination with a project for NorZinc :D
Federal government pledges $5 million to northern Indigenous initiatives Published: August 10, 2020 at 4:56pm MEAGHAN BRACKENBURY

A 2006 view of the Prairie Creek mine site. Photo: Canadian Zinc Corporation
CanNor will be investing nearly $5 million in 11 Indigenous projects across the three territories, a news release announced Sunday – International Day of the World’s Indigenous Peoples
cabinradio.ca
Federal Minister of Economic Development, Mélanie Joly, said the investment will help Indigenous communities “seize opportunities…deliver important local projects…and [support them] on their path to self-sufficiency and prosperity.”

“True reconciliation means supporting Indigenous communities and businesses by providing opportunities for their success,” she said. “I’m excited to see the difference that this investment will make for Indigenous communities across the territories.”

“Indigenous small, and medium-sized businesses exemplify the ingenuity and drive that is at the core of the entrepreneurial spirit in Canada’s territories,” Larry Bagnell, Yukon’s MP, added.

NWT will receive the biggest chunk of funding with nearly $1.9 million. It will be split between six projects across the territory:

$908,635 will go to Det’on Cho Management LP, the economic development arm of the Yellowknives Dene First Nation [YKDFN], to launch a rock aggregate production business division to supply local infrastructure needs. This will create the necessary aggregate to reclaim and remediate Giant Mine. The project is expected to create 12 to 14 new positions in Ndilo.$320,000 to the YYKDFN to create a tourism, culture, and business incubator. Money will also be spent on constructing a new facility to support the tourism industry, Indigenous start-ups, and employment training opportunities for members of the First Nation.$264,000 to the Denendeh Development Corporation to establish strategic investments and partnerships in the NWT. The corporation will deliver an economic forum and determine a five-year plan.$215,000 to the Sahtu Dene Council to create Sahtu Keepers of the Land, a tourism development initiative. This two-year plan includes developing partnerships between the council and local community organizations to stimulate the tourism sectors in Indigenous Protected Areas in Déli?ne, Tulita, and Fort Good Hope.$150,000 to the City of Yellowknife and YKDN to develop a shared five-year economic development strategy.•$75,000 to the Acho Dene Koe First Nation, to negotiate an impact benefits agreement with NorZinc Inc. This will help establish community involvement in the proposed Prairie Creek Mine Project and an all-season access road. The project plans to hire 360 people for day-to-day operation of the mine.Nunavut will get $1.7 million in funding from CanNor, while nearly $1.27 million will go to the Yukon.



To: Internship who wrote (10)9/11/2020 3:09:00 AM
From: Internship  Respond to of 13
 
Fireweed Zinc says geophysical survey at Yukon project shows potential to extend Boundary Zone

The project is host to the Tom, Jason, Boundary Zone and End Zone zinc-lead-silver deposits


Fireweed believes the Boundary Zone is potentially a large 'feeder' system to nearby mineralization similar to the Tom and Jason deposits ca.proactiveinvestors.com

Fireweed Zinc Ltd ( CVE:FWZ) (OTCMKTS:FWEDF) updated investors on exploration Thursday at its district-scale Macmillan Pass project in the Yukon, where early results from a ground gravity survey show a potential extension to the Boundary Zone.

The project is host to the Tom, Jason, Boundary Zone and End Zone zinc-lead-silver deposits. Tom and Jason already boast a combined resource of 11.21 million tonnes (Mt) of indicated resources at 9.61% zinc equivalent (ZnEq).

READ: Fireweed Zinc begins drill program at its Macmillan Pass zinc-lead-silver project in Yukon, CanadaFireweed believes the Boundary Zone is potentially a large 'feeder' system to nearby mineralization similar to the Tom and Jason deposits. Two drill holes have been completed there, while another two are currently being drilled.

"The broad gravity anomaly extending from Boundary Zone into untested ground presents an intriguing opportunity for expansion of an already large zone there," said CEO Brandon Macdonald.

"We are looking forward now to the drilling planned in that area and finding out if Boundary Zone extends well to the west."

The company boss added that, thanks to the recent financing, the addition of a further third reverse circulation drilling, or RC drill rig to the program would allow some drilling at Tom and Jason that was previously unplanned.

This rig will be mobilized this week, the firm added.

Fireweed also noted on Thursday that it plans to drill the 240 Mile Target later this season, marked by a large gravity anomaly that may indicate buried mineralization between the Tom and Jason deposits.

Shares advanced 5.63% to C$0.75 each in Toronto.