S&P Capital IQ Initiates Coverage on Zazu Metals Corporation in S&P Capital IQ Factual Stock Reports

NEW YORK, May 12, 2014 /PRNewswire/ -- S&P Capital IQ announced today that it has commenced Standard & Poor's Factual Stock Report coverage on Zazu Metals Corporation. (ZAZ).

Zazu Metals Corporation (ZAZ) is a Canadian-based exploration company focused on acquiring and  developing  base  metal  properties  in  North  America.  Zazu's principal asset is its 50% interest in the Lik zinc-lead-silver deposit in northwest Alaska. Teck is a 50% joint venture partner in the Lik deposit.

On March 3, 2014, Zazu announced the results of the preliminary economic analysis (PEA) that was completed by JDS Energy and Mining, Inc. (JDS) on the company's Lik property. The PEA considered the open pit potential of the Lik South deposit. The PEA did not consider Lik North, the contiguous deposit to Lik South, which would be mined using underground methods if economics proved viable.

S&P Capital IQ's Factual Stock Report coverage on Zazu Metals Corporation will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.

As modeled, Lik South would have average annual production of 234,000 dry tonnes of zinc concentrate and 55,800 dry tonnes of lead concentrate. In total, 17.1 million tonnes of ore milled at an average grade of 7.7% zinc, 2.6% lead and 47 g/t silver is expected from the Lik South open pit. This would rank Lik South as one of the largest producers of zinc concentrate and one of the largest zinc mines globally, according to the company.

The study estimated a capital cost of US$352 million including a 20% contingency for a 2 million tonne-per-year mine and mill with an initial nine-year mine life. Although not considered as part of the economic analysis, JDS noted the additional exploration potential of Lik North and its potential to further extend the mine life.

The development plan for the Lik deposit as laid out in the PEA involves the construction of a 5,500 tonne-per-day mill that will produce both a zinc and a lead concentrate using on-site crushing/grinding and sequential flotation methods.

Zazu has the exclusive right to obtain 80% of the property by meeting certain spending commitments by 2018. The company's primary near-term objective is to advance its Lik property towards development through the definition of a resource and commencement of a formal feasibility study.

The Lik property consists of 47 contiguous state (MPR) mining claims. The contiguous claims have been grouped together for the purpose of working and operating the same under a common plan of development for the benefit of all of the claims. The claims cover an area of approximately 2,460 hectares. The claims are located in the vicinity of the southwestern DeLong Mountains in the Wulik River drainage, Kateel River Meridian, State of Alaska.

The Lik deposit is a stratiform zinc-lead-silver deposit. The deposit is continuous outside the Lik property onto the adjacent Teck Resources Limited property to the south. The southern continuation of the Lik deposit is referred to as the Su deposit, lying on the Su property. Within the Lik property, the deposit is divided into two parts by the Main Break Fault. The main part of the deposit within the existing claims is referred to as the Lik South deposit. As presently tested, the Lik South deposit is about 1,100 meters long and about 600 meters wide. It has been tested down dip to a depth of about 150 meters to 200 meters. North of the Main Break Fault, the Lik North deposit is about 700 meters long and about 350 meters wide. It has been tested down dip to a depth of about 300 meters.

In addition to advancing the Lik property, Zazu also intends to pursue a strategy of evaluating and potentially acquiring interests in other attractive mineral properties that the company believes will be accretive to its overall growth strategy.

On April 1, 2014, Zazu announced the exercise of 2.285 million options by directors and management, which resulted in proceeds of Canadian Dollar 685,500. Zazu intends to use the proceeds to continue development of the company's Lik property.

Zazu Metals Corporation was founded in 2006 and is headquartered in Vancouver, British Columbia, Canada.

Please visit http://www.zazumetals.com for additional information.

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