Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) is expanding its exploration of its Sully property in British Columbia, Canada, near one of the world’s most historic and largest proven reserves of zinc, as the price of zinc has soared 60% to $1.17 per pound versus one year ago, according to InfoMine.com. KTNNF on May 8, 2017, reported that its actively searching for zinc in the company’s Sully Project. Three exploration holes have been completed and the project team is extending its survey efforts to the west anomaly, including state-of-the-art gravity mapping.
The Vancouver-based mineral exploration and development company sees vast potential in Sully, which is located just 18 miles (30 kilometers) from the Sullivan Zinc Mine, historically one of the largest proven deposits of the metal in the world. Zinc has jumped in value this year, to $1.17 per pound in May 2017 from 70 cents per pound one year ago. The overall size of market was $34 billion in 2016, according to a Keeping Stock article on how the sometimes underrated metal might be the most bullish investment for 2017. And, there is projected to be a shortage of the metal in 2017 of about 500,000 tons, according to the Hindu Business Line.
Zinc is vital to the building of infrastructure, such as roofs, buildings, bridges and staircases. It is critical in the manufacture of strong galvanized steel, is used in the exteriors of airplanes and is also employed in the production of batteries. If President Trump makes good on his campaign promise to rebuild parts of the U.S. infrastructure, zinc will play an important role — making its scarcity even greater. To date, China is the world’s largest producer of zinc, but it may not be able to meet the worldwide shortfall in supply versus demand. Australia is second largest, but its production may fall off this year, experts predict. Kazakhstan may produce promising quantities to export, but KTNNF’s Sully exploration project in Canada has great potential, too.
Sully is located near the Sullivan Zinc Mine of Tech Resources. It has produced more than 17 million tons of zinc and lead and 337 million ounces of silver over its lifespan. At current prices, it has generated $49 billion in production value. Data suggests Sullivan and Sully represent different environments of the same basin, the company said.
Sources used for article content: http://nnw.fm/fTg5k, http://nnw.fm/u3Clr, http://nnw.fm/vfI3I.
For more information, refer to www.kootenayzinc.com.
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