Canadian Zinc Reports Financial Results for First Quarter of 2016

Canadian Zinc (TSX:CZN) has reported its interim financial results and development activities for the three month period ended March 31, 2016.
As quoted in the press release:

Financial Results for First Quarter of 2016
The Company reported a net loss and comprehensive loss of $777,000 for the three month period ended March 31, 2016 compared to a net loss and comprehensive loss of $3,822,000 for the three month ended March 31, 2015. Included in the loss for the current period, were exploration and evaluations costs of $368,000, compared to $3,846,000 for the comparable period ended March 31, 2015.
At March 31, 2016, the Company had a positive working capital balance of $1,808,000 including cash and cash equivalents of$1,939,000 and short term investments of $32,000.
Updated Preliminary Feasibility for Prairie Creek Project
On May 12, 2016, Canadian Zinc filed a new Technical Report on the Company’s 100% owned Prairie Creek lead, zinc, silver mine in the Northwest Territories. The Technical Report, entitled “Prairie Creek Property Prefeasibility Update NI 43-101 Technical Report”,effective March 31, 2016, was prepared by AMC Mining Consultants (Canada) Ltd., (“AMC”) with contributions from Tetra Tech Inc. and Canadian Zinc consultants and personnel (collectively “the Authors”), in accordance with National Instrument 43-101 (“NI 43-101”) and is available under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website atwww.canadianzinc.com.

Click here for the full press release.