zena mining corp (ZCC) Snapshot

Zena Mining Corp. announced that it has completed its 2012 exploration program on its Lapin Barite property situated near Rock Creek, B.C. The company owns 100% of the rights to the Industrial Minerals subject to a 10% net profits interest and royalty and other payments based on production to the original underlying vendors. Barite (Barium sulphate - BaSO4) the primary industrial mineral on this property, is a major component and the weighting agent used in drilling mud for the oil and gas industry's exploration and developmental drilling programs. The property has at present three known zones with Barite mineralization, known as "A", "B" and "C" zones. The company's 2013 planned exploration program, subject to renewal of the exploration and test mining permit from the Mines Inspection Branch, is recommended to be approximately the same as the 2012 program, with a cost budget to be approximately the same as the 2012 program. The 2013 program will include additional stripping of the northern limits of the Barite lenses in the "B" zone, with the goal of producing a larger test sample. The company may also include in the exploration program further review of the "A" zone.

Zena Mining Corp., Annual General Meeting, Jun 15, 2012., at 10:00 Pacific Standard Time. Location: Suite 300, 576 Seymour Street. Agenda: To receive and consider the report of the directors; to receive and consider the audited financial statements for the fiscal year 2011 together with the auditor's report thereon; to appoint auditors for the ensuing year and fix their remuneration; to elect directors to hold office until the next Annual General Meeting and to fix the number of directors at four; to approve the proposed Stock Option Plan; to authorize on a disinterested basis the issuance of a number of shares to any one insider upon the exercise of stock options within a one year period that exceeds 5% of the outstanding listed shares; and the grant to insiders, within a 12 month period, a number of options exceeding 10% of the number of outstanding listed shares; to ratify, approve and confirm all lawful acts, contracts, proceedings, appointments and payments of money of and by the directors since the date of last annual general meeting; and to transact such other business as may properly come before the meeting.

Zena Mining Corp. filed its Annual on Apr 05, 2012 for the period ending Dec 31, 2011. In this report its auditor, Morgan & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.