According to this: http://phys.org/news...kin-cancer.html
Zinc, when exposed to sunlight, creates free radicals which may be greater than that generated by UV itself.
The good news is that the experiment was done in conditions which make it questionable as to how much its results relates to actual use of zinc in a sunscreen. They covered lung cells with zinc and then blasted them with UVR.
Regardless, it's an interesting result--perhaps a worrying one too.