Zazu Metals (TSX: ZAZ, "Zazu") is a Canadian based exploration company formed to acquire an interest in a zinc, lead and silver exploration property, known as the LIK property, located in Alaska. The Company holds a 50% interest in the LIK property (the other 50% interest is held by Teck Resources Limited) with the right to earn an additional 30% through spending commitments. The Company's primary near term objective is to advance the LIK property towards development through completion of scoping, pre-feasibility then feasibility studies. The Company 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.
The Company is determined to pursue an aggressive exploration program with the objective of maximizing the mineral resource at the LIK property and bringing it into production. The LIK property is located in the established and highly prospective Red Dog mine district of Alaska, is proximate to well-developed infrastructure and is based in an area where there has been a long-standing history of, and support for, mining activities.