Canadian Zinc Completes $2.5 Million Private Placement

Canadian Zinc (TSX:CZN)  announced that a $2.5 M private placement  to fund exploration is now complete.

The press release is quoted as saying:

The drill rig has been winterized and remains on location at the drill site and it is planned that the deep hole exploration program will continue in 2011. The nearest drill hole, PC-95-125 located approximately 1.5 kilometres to the south towards the Mine, drilled in 1995, returned multiple mineralized vein intersections 750 metres down the hole, including a 6.3 metre intercept grading 18.6% zinc, 8.5% lead and 239 grams per tonne silver

To access the full release, click here.