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UPDATE: Canadian Zinc Corporation Receives Environmental Approval; Set To Close Up Nearly 10% Today, Gained 16% Thursday

Canadian Zinc Corporation (CZN.TO), which rose 16% yesterday, added another 10% today and touched a day high 87 cents after this morning announcing that the Mackenzie Valley Environmental Impact Review Board has approved the proposed operation of the Prairie Creek Mine in the Northwest Territories. The

The Mackenzie Valley Environmental Impact Review Board issued its Report of Environmental Assessment and Reasons for Decision for Canadian Zinc's proposed Prairie Creek Mine on December 8, 2011 and submitted the Report and Decision to the Honourable John Duncan, Federal Minister of Aboriginal Affairs and Northern Development.

The Review Board has concluded that the proposed development of the Prairie Creek Mine is not likely to have any significant adverse impacts on the environment or to be a cause for significant public concern. The Review Board has therefore concluded that an environmental impact review of this proposed development is not necessary and that the Prairie Creek Mine project should proceed to the regulatory phase for approvals.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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