Zazu Metals Corporation

Zazu Metals Corporation

March 02, 2009 11:08 ET

Zazu's Remaining Assays From the 2008 Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 2, 2009) - Zazu Metals Corporation (TSX:ZAZ) ("Zazu") is pleased to provide the remaining results from the 2008 program at the Lik zinc - lead - silver deposit, 22km from the Red Dog zinc mine of Teck Cominco ("Teck") in northwestern Alaska.

During 2008, Zazu conducted a 58 drill hole program for a total of 6,829m which included both infill and step out drilling. Zazu is in receipt of all assay results for the 2008 program. This assay data will be incorporated into an NI 43-101 resource estimate to be prepared by Scott Wilson Roscoe Postle Associates, Inc. (Scott Wilson RPA). Table 3. Contains the final assay results from the 2008 program.

A map of the drill hole locations is available at

Table 3. Remaining assay results for 2008 program.

From (m) To (m) (m) Pb% Zn% Pb+Zn% Ag g/t
DDH-156 30.78 49.68 18.9 0.96 4.34 5.3 2.15
including 33.83 48.16 14.33 0.91 4.47 5.38 2.09
including 33.83 39.93 6.1 1.23 6.09 7.33 1.25
DDH-188 14.94 49.83 34.9 2.55 8.28 10.83 13.36
including 14.94 32.31 17.37 4.06 12.79 16.85 14.14
AND 71.93 86.26 14.33 3.43 7.6 11.03 19.34
DDH-192 12.5 35.81 23.32 1.87 6.31 8.18 6.01
DDH-195 81.69 89.31 7.62 2.52 6.84 9.36 45.36
Note: 1) Assays were analyzed by ALS Chemex Laboratories of Fairbanks,
2) It is estimated that true thicknesses are approximately 85% to
90% of the sample lengths. The Lik South deposit is a shallow
dipping stratiform deposit and all drill holes are vertical.

As of December 31st, 2008, Zazu's treasury was US$4.52 million.

The historical mineral resource at the Lik deposit is 26.7 million tonnes grading 9.16% zinc, 3.15% lead and 49 g/t silver, representing one of the largest undeveloped zinc - lead deposits in the world. These historical estimates that predate NI 43-101 are thought to be reliable at current drilling density and are considered to be relevant as they provide an estimate of the approximate size of the Lik deposit. They should not be relied upon until current work is used to update the resource.

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.

This news release was reviewed by Mr. Neil N. Gow, P.Geo., an Associate 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 Cominco website.


Michael A. Steeves, President and COO

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.

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