Investorideas.com, a global news source covering leading sectors including mining stocks releases an exclusive podcast interview with Jim Walchuk, President, CEO and Director of Zinc One Resources Inc. (TSX VENTURE: Z) (OTC PINK: ZZZOF).
Hear the full Podcast interview with President, CEO and Director of Zinc One, Jim Walchuk: http://www.investorideas.com/Audio/Podcasts/061517-Interview-JimWalchuk.mp3
Zinc One Resources Inc. is poised to move quickly on their Bongará Zinc-Oxide Project, but is also confident in sustained growth over the long term.
Zinc One’s key assets in Peru are the Bongará Zinc-Oxide Mine Project and the neighbouring Charlotte Bongará Project. According to President, CEO and Director of Zinc One, Jim Walchuk, the short term goals of the company are to begin drilling between the Mina Grande and Mina Chica areas of the Bongará project.
“The goal is to get these permits in place and to be drilling between Mina Grande and Mina Chica. We want to drill that out and have it in a state where we can do a preliminary economic assessment on it. What we want is to have the drilling complete by mid-November.”
“What we want to have accomplished by the end of Q1 or the beginning of Q2 is to have everything drilled out, have resource in place, put out a 43-101 report and have a preliminary economic assessment completed,” he said.
Though Walchuk is eager to start drilling, he said that there is a lot of unexplored area in other parts of the Zinc One assets that could be prospective in the future.
“That whole area between Campo Cielo and Charlotte Bongará is unexplored, and much of Charlotte Bongará is unexplored,” he said. “So we think that we’re going to have a very good opportunity to increase the resource for years. We don’t think it’s just going to be a Mina Grande and Mina Chica operation, we think down the road there’s a lot of exploration potential there.”
Walchuk said that he thinks zinc prices will remain promising as the market currently registers an appetite for zinc, but with a much lower supply than in recent years.
“I think for the next few years I cannot see the zinc price dipping. To me it doesn’t make any sense,” he said. “If you go on Kitco.com and take a look at the price right now, you can see that the stockpiles of zinc at the London Metal Exchange are down below 330,000 tons. Five years ago they were at 1.2 million tons. China hasn’t stopped developing, they used to be an exporter of zinc, they’re now an importer.”
“I started doing my own analysis of it and realized just where the zinc price was going and where the stockpiles of zinc were going. The stockpiles were going down rapidly and the price is probably going to head up.”