WHOAstocks
5 years ago
A Look At Why Zinc Is Currently A Good Investment
The Global and U.S zinc market has seen prices drop over the past few weeks particularly due to the volatile nature of the markets. This is especially due to the ongoing trade war between China and the U.S, as well as the geopolitical factors in the European region.
Regardless of the not so appealing nature of the market, zinc still remains a good investment and, for all the good reasons. It is currently one of the most useful metals in the world and this means that its demand in major industrial markets such as the U.S and other global markets will remain high. However, the opposite can be said for its supply.
According to Shine Minerals Corp (CVE: SMR), zinc inventories are currently at their lowest point over the last ten years. Shine Minerals is also making significant strides in zinc mining and has shown a lot of promise. The main reason for investing in zinc is because prices are expected to improve. For example, the prices of the metal recently surged slightly in April due to concerns about shortages. However, the price of the metal lost some of its gains since early May due to the volatile trade conditions.
The U.S is one of the major Zinc consumers while China is the largest producer of zinc in the world. The current trade situation, therefore, affected the supply in a major way. There is currently a lot of friction for Chinese products making their way into the U.S market.
Meanwhile, the global zinc market is still experiencing a major supply deficit which has prevailed since 2016. This slow supply was mainly due to the closure of some major zinc mines, thus leading to less production of the metal.
Zinc market outlook
Market experts believe that the zinc market, especially the supply aspect will improve between 2019 and 2022. Shine Metals is among the companies expected to lead the supply especially following its recent breakthrough in Canadian mining expeditions at Watts Lake, Saskatchewan. The current growth forecast for the 2019-2022 period projects that the global supply of zinc will grow at a 3.8% compound annual rate to around 15.7Mt over the three year period.
Market analysts also expect the supply and demand gap to continue narrowing and even shift into a surplus state very soon. This optimistic outlook for the market is fueled by the new zinc mining projects that are scheduled to kick off soon. There are roughly 100 zinc mining projects that are expected to commence their operations in the next three to four years. These projects are expected to fill the supply gap for the metal, thus satisfying the massive demand for the metal in the market.
This growth outlook will also influence zinc prices which will most likely improve over the next three years thus making it a good metal invest in. It makes sense to invest now and reap the benefits later on once the prices of the metal reach more stable and more appealing levels in the future.
DDHOUND
11 years ago
http://www.otcbb.com/marketwatch/
Just Resumed Trading. Just a news halt due to the following:
PAU Signs LOI on Colorado Dispensary
KELOWNA, BRITISH COLUMBIA, Apr 28, 2014 (Marketwired via COMTEX) -- PAPUAN PRECIOUS METALS CORP. (the "Company") (TSX VENTURE: PAU) (OTCQX: PAUFF) is pleased to announce that it has entered into a non-binding Letter of Intent with a Colorado licensed dispensary/cultivation facility to conduct a due diligence review of its Colorado operations. The Company has agreed to immediately place $100,000 in escrow to conduct the due diligence review of the business and has the exclusive right to acquire the business, subject to the successful outcome of the review. The Company may exercise its right to acquire the business upon completion of formal documentation to acquire the assets of the business for cash consideration of US $1,250,000.
The Colorado facility currently grows and sells medical marijuana to patients within the State of Colorado and looks to use the resources to be provided by the Company to expand its cultivation facilities to meet the current demand for its product, and to expand into the retail (recreational) market made possible due to recent Colorado legislation, which allows the sale of up to 1 ounce to Colorado residents over the age of 21, and 1/4 ounce to out-of-state residents over the age of 21.
Dev Randhawa, Chairman and CEO of Papuan Precious Metals, commented,
"This is a superb opportunity to enter a positive cash flow business in a rapidly emerging agricultural sector. The potential upside for our shareholders is excellent."
The Company will retain its mineral resource prospects in Papuan New Guinea and is considering a plan of arrangement to spin-out the Company's assets into two separate entities.
http://www.otcmarkets.com/stock/PAUFF/news
15for2
14 years ago
Papuan Precious Metals Corporation: Kuliuta Gold Prospect Grab Sampling Yields 128 g/t Au, 188 g/t Ag, 1.78 % Cu from Outcrop-Dr
PAPUAN PRECIOUS METALS CORPORATION (TSX VENTURE: PAU)(TSX VENTURE: PAU.WT)(OTCQX: PAUFF) ("PPM" or the "Company") announces that it has received geochemical results from selective grab sampling of various altered outcrops from its highly prospective 100% owned Kuliuta Gold Property, New Hanover, Papua New Guinea. A drill program, to test both the near surface gold potential, in addition to the deeper porphyry copper potential, as indicated by results obtained to date, will commence in mid-May.
Sampling completed earlier this year, and conducted after the trenching program of late 2010, located a narrow (less than 1m wide) "single event" manganese-sulphide breccia within the Le'mu'sing or "Zone A" gold-in-soil anomaly (and near soil sample 31940 - assay 3.21 g/t Au) that contained 128 g/t Au, 188 g/t Ag, 1.78 % Cu, 18.8 % Mn and 30 ppm Mo (http://www.ppmpng.com/Zone%20A.pdf). Seven other outcrop samples, collected adjacent to the breccia zone, returned anomalous gold contents ranging from 0.1 to 0.5 g/t Au. The high copper and anomalous molybdenum content of the breccia suggest sourcing from a possible porphyry copper at depth below "Zone A". In addition, the recently completed airborne geophysical survey detected a thorium anomaly (http://www.ppmpng.com/thorium.pdf) underlying the coincident large 1,400 m x 600 m greater than 0.1 g/t Au soil anomaly, providing further indication of a possible copper mineralized porphyry at depth below a "gold cap". Thorium anomaly is associated with other porphyry copper deposits in PNG.
SJ Geophysics Ltd, Delta, BC, Canada, has been contracted by the Company to complete a 3D-IP geophysical survey over the area of coincident gold in soil and thorium anomaly. This program is expected to commence during the second week of May, 2011 and will provide additional information to aid in targeting planned deeper drilling of the copper porphyry potential.
Previous reported gold samples from trenching "Zone A" include: Trench 12 - 39 m grading 3.89 g/t Au including 21 m grading 6.54 g/t Au, including 3 m grading 31.64 g/t Au; Trench 11 - 51 m grading 0.90 g/t Au, including 9 m grading 1.56 g/t Au; Trench 2 (500 m SE of Trench 12) - 27 m grading 3.58 g/t Au, including 12 m of 7.64 g/t Au, including 3 m of 23.43 g/t Au; and Trench 4 - 33 m grading 0.90 g/t Au, including 6 m grading 1.83 g/t Au (see press release dated February 22, 2011).
Quest Exploration Drilling (PNG) Ltd of Lae, PNG, has been contracted to complete 1,500m of drilling. A barge transporting drilling equipment, a bulldozer, fuel and drilling supplies is planned to depart the port of Lae for New Hanover on May 4, 2011. It is expected to arrive at New Hanover on May 8, 2011. Kuliuta is 7 km inland from the south coast of New Hanover, and drilling equipment and supplies will be hauled overland to site using a support bulldozer contracted from Garom Ltd, Rabaul. The first two drill holes are planned in the vicinity of Trench 12, to be followed by two holes in the vicinity of Trench 2. At least two deep drill holes of approximately 300 m will test the deeper copper porphyry potential below Kuliuta.
The initial budget, totaling C $600,000, may be expanded depending on results. Core samples will be sent to the Genalysis Laboratory in Lae, PNG, for sample preparation prior to being forwarded to their lab in Townsville, Australia for analysis. Gold analyses will include standard 25g lead collection Fire Assay followed by Flame Atomic Absorption Spectrometry.
Copper and molybdenum analyses involved multi-acid digest including hydrofluoric, nitric, perchloric and hydrochloric acids in Teflon tubes. Analyses will be completed by Inductively Coupled Plasma Optical (Atomic) Emission Spectrometry. Results will be provided when available.
The New Hanover Project
New Hanover is an outstanding opportunity for the discovery of Lihir-style gold mineralisation in a geological terrane that has been bypassed by modern mineral exploration for the past 22 years. The project comprises two 100% owned exploration licences (EL 1566 & ELA 1856) covering 591.6 km2 at the north-western end of the Lihir-Tabar alkaline volcanic belt, host to the giant Lihir and Simberi gold deposits. Andesitic-dacitic volcanic rocks are widespread on New Hanover. They were erupted from a coalesced complex of Late Miocene-Early Pliocene stratovolcanoes that were built upon older Late Eocene-Late Oligocene submarine andesitic and basaltic rocks. Diorite, microdiorite and micromonzonite stocks intrude the younger volcanic rocks. Of particular interest is the presence of alkalic rocks, having relatively low silica content and enriched in sodium and potassium, at the Kuliuta epithermal gold prospect, indicating that New Hanover is geologically related to the Plio-Pleistocene Lihir-Tabar chain of alkaline volcanic islands.
Further details of the New Hanover project are available at www.ppmpng.com.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the Company by Ian David Lindley, President & Chief Operating Officer of Papuan Precious Metals Corp, a Qualified Person. Dr. Lindley has First Class Honours and Ph.D. degrees in Geology, 34 years mining industry experience, and is a member of the Australian Institute of Geoscientists.
This press release contains "forward-looking information" Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause PPM's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. PPM disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
ON BEHALF OF THE BOARD
David Lindley, COO and President
Contacts:
Papuan Precious Metals Corp.
Greg Downey
1.866.979.7022
info@ppmpng.com
www.ppmpng.com
Soapy Bubbles
14 years ago
PPM Expands Anomalous Zone to 1400m x 600m With Results From 1006 Samples at Kuliuta Gold Prospect
Jan 04, 2011
OTC Disclosure & News Service
Kelowna, BC, Canada -
PPM Expands Anomalous Zone to 1400m x 600m With Results From 1006 Samples at Kuliuta Gold Prospect
Papuan Precious Metals Corp. (“PPM” or the “Company”) (TSX Venture: PAU) is pleased to update field exploration activities at its 100% owned New Hanover Kuliuta gold prospect. Geochemical results from 1,006 soil samples taken from the southern and central sections of the Kuliuta soil grid have expanded the gold-in-soil anomalous zone to 1,400 m X 600 m. This zone remains open in all directions. Gold assays over this part of the Kuliuta grid included 5 samples > 1.0 g/t Au and 211 samples (21%) > 0.1 g/t Au. Results from an additional 155 soil samples from the northern portion of the grid and 208 channel samples/rock samples collected mainly from the historical Kennecott trenches are pending. Significantly, a large portion of the anomaly lies to the west and south of the previous drilling by Kennecott, where it remains open along a 500 m interval on the western edge of the soil grid.
Kuliuta has now been upgraded to the drill stage and a drill program is being planned for the end of Q1 2011.
The present phase of detailed exploration at the Kuliuta prospect concluded in December, 2010. During a series of three campaigns commenced in July, 2010, field teams completed 32 line km of soil sampling at 25 m centres covering a 3 km x 1 km soil grid area and mapped all streams within and adjacent to the grid at 1:1,000 scale. In addition, bulldozer trenches completed by Kennecott in 1988-9 were resampled. PPM’s fieldwork represents the first significant field re-evaluation of the Kuliuta project since Kennecott’s withdrawal in 1989. This program followed PPM’s earlier sampling , which identified geochemical anomalies (gold values in soil > 0.1g/t Au, and up to 5.92 g/t Au) in two zones measuring 225 m x 200 m and 100 m x 200 m (See news release October 25, 2010). These latest results have extended this anomaly over a length of 1,400m in length to a maximum width of 600m.
Drill targets on the Kuliuta prospect will be selected and prioritized from analysis of layers of soil geochemistry data, (creek, grid and trench) geology, and trench geochemistry. Plans are underway for a drill program to be finalized for commencement before the end of Q1, 2011.
All samples were sent to the Genalysis Laboratory in Lae, PNG, for sample preparation prior to pulps being sent to Jakarta for analysis. Complete results will be reported when available.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ian David Lindley, President & Chief Operating Officer of Papuan Precious Metals Corp, a Qualified Person. Dr. Lindley has First Class Honours and Ph.D. degrees in Geology, 34 years mining industry experience, and is a member of the Australian Institute of Geoscientists.
This press release contains "forward-looking information". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause PPM's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. PPM disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
ON BEHALF OF THE BOARD
“David Lindley”
David Lindley, COO and President
For further information contact Greg Downey at 1-250-868-8140.
Or email: info@ppmpng.com
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group, Inc. are solely responsible for the accuracy of such news releases.
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