I see where this was discussed ad nausem earlier, but I'd like to bring it up one more time. I was just crawling under my truck looking at a few things and decided to count the zerks. I counted 12 on my 03 Z71. I do not know if it has any replacement parts on it as I bought it used. I'm not mechanically inclined so I don't know the names of all the parts, but here's where I counted them.
4 (x2) in the wheel
1 (x2) on the bottom of a "rod" that seems to have a rubber seal on it
1 (x2) on the top of the same rod a little further in (away from the wheel)
That makes 12 zerks for me. I'll try to get some pictures later this afternoon.
Edit: It's pouring rain here now, so the pictures might have to wait until tomorrow.