Zazu Metals Corporation

Zazu Metals Corporation

January 27, 2010 08:00 ET

Zazu Receives Positive Metallurgical Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2010) - Zazu Metals Corporation (TSX:ZAZ) ("Zazu") is pleased to announce that SGS Minerals Services ("SGS") completed testing on a composite sample of quartered and crushed drill core from the Lik Deposit. They concluded that a zinc recovery of 85% could likely be obtained with silica levels less than 5% through floatation circuit optimization. Zazu's Lik Deposit is 22km from Teck's Red Dog Mine in North West Alaska.

Zazu commissioned the testing as part of the Preliminary Assessment Study by Scott Wilson Roscoe Postle Associates, Inc. (Scott Wilson RPA) on the Lik Deposit. Previous metallurgical studies by G&T Metallurgical Services in 2008 demonstrated excellent concentrate grades and recoveries with slightly elevated silica.

Silica is a common contaminant in lead-zinc strataform deposits. A typical target for currently operating zinc mines is up to 5% silica in a concentrate. Batch tests by SGS yielded final concentrates assaying below 5% silica and up to 59% zinc. A locked cycle test yielded 83% zinc recovery from a zinc concentrate assaying 55% zinc and 6% silica. The test work showed that a zinc concentrate could be routinely produced below 5% silica and it is very reasonable to assume this would be achievable in a commercial plant. It is likely that a coarser regrind would also achieve target silica grades, but this still needs further testing.

Gil Atzmon, CEO of Zazu commented: "Management is very pleased with these results as they correlate extremely well with concentrate produced from existing mines with similar deposits in terms of grade, recovery, and silica content. Also, the relatively low level of impurities makes the concentrate an attractive product to smelters."

These results will be incorporated into the Preliminary Assessment Study, which is nearing completion.

In May of last year, Zazu moved the Lik deposit into early development stage with the updated resource estimate completed by Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA). Their estimate of Lik South is an Indicated Resource of 20.66mm short tons at 8.08% zinc, 2.62% lead and 1.54 oz/ton silver; plus an Inferred Resource of 1.36mm short tons at 6.80% zinc, 2.12% lead and 1.02 oz/ton silver, at a 5% cut off. Lik North is an additional 5.71mm short tons at 9.65% zinc, 3.25% lead and 1.48 oz/ton silver of Inferred Resource at a 7% cut off grade.

Zazu is in the enviable position of having a limited number of shares outstanding, no debt, and a strong treasury. Teck is a 50% joint venture partner in the Lik deposit, however Zazu has the exclusive right to obtain 80% of the property by meeting certain spending commitments by 2018.

The part of this news release pertaining to the Mineral Resource estimate was reviewed by Dr. William E. Roscoe, P.Eng., a Principal Consulting Geologist with Scott Wilson RPA, who is a qualified person as defined by National Instrument 43-101.

About Zazu Metals Corporation

Zazu is a Canadian-based exploration company focused on acquiring and developing base metal properties in North America. Zazu's principal asset is its 50% joint venture interest with Teck in the Lik zinc-lead-silver deposit in northwestern Alaska. Additional information about Zazu is available on its website at

Additional information about the property is on the Teck website ( Zazu is not responsible for the content, accuracy or timeliness of material contained on the Teck website.


Gil Atzmon, Chairman and CEO

Some of the statements contained in this news release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

Contact Information