Zazu Metals Corporation

Zazu Metals Corporation

July 30, 2009 08:01 ET

Update on Zazu's 3.3 Billion Lbs Indicated Zinc Resource Lik South Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 30, 2009) - Zazu Metals Corporation (TSX:ZAZ) ("Zazu") is pleased to provide an early season update on the Lik zinc - lead - silver deposit, located 22km from the Red Dog zinc mine of Teck Resources Limited ("Teck") in northwestern Alaska. Lik is one of the largest undeveloped zinc deposits in the western world.

Zazu took Lik from exploration into the early development stage last year and in May of this year announced 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 20.66 million short tons at 8.08% zinc, 2.62% lead and 1.54 oz/ton silver plus an Inferred Resource of 1.36 million 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 5.71 million 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 then set the following goals for the remainder of 2009:

1. Ongoing environmental studies as part of future mine permitting through Travis Peterson Environmental.

2. Analysis by PND Engineers, Inc. of the DeLong Mountains port facility to determine expansion and modifications required to ship Lik concentrate.

3. Analysis by Lounsbury Engineers of the approximate costs and requirements of road corridor routes.

4. Incorporate the above data & resource estimate into a Preliminary Assessment (scoping) Study.

5. Convert the Lik federal claims package to state claims.

All items are currently either on or ahead of schedule. Progress made this year also allowed Zazu to bring 3 additional goals forward from the 2010 season. These are:

1. Initiate an Acid Rock Drainage Study

2. Complete a preliminary processing flow sheet requiring additional metallurgical testing

3. Initiate a concentrate marketing study

Zazu will continue to keep investors updated as to progress made on the deposit.

Michael A. Steeves, President and COO of Zazu Metals Corporation announced his intention to retire effective August 31, 2009 in order to attend to personal affairs. Mr. Steeves will remain a director of the company. Gil Atzmon, Chairman and CEO, will assume the duties and title of President.

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 Cominco 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