Canada Zinc Metals Reports on Current Activities on the Akie Project
Vancouver, British Columbia, Canada – Friday, February 25, 2011 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to provide an update on current activities on its 100% owned Akie property, which includes the Cardiac Creek SEDEX zinc-lead-silver deposit. The property is located approximately 260 kilometers north-northwest of the town of Mackenzie in northeastern British Columbia, Canada.
Geotechnical results from the 2010 geotechnical drill program have provided important engineering design criteria for the planned haul road and rock waste dump that will be required to support the proposed underground diamond drill exploration program.
Crews are planning to mobilize to the Akie project site at the end of February to clear snow, open camp and prepare for the next phase of geotechnical drilling. The current plan is to extend the lower access trail an additional kilometer to the planned portal site. This will be followed up by a series of geotechnical drill holes and excavator test pits that will assess the competency of the overburden and bedrock at the portal site and along the planned decline. Wells will be established for groundwater testing. This program is anticipated to be completed by late April, 2011.
The phase two geotechnical program will provide detailed engineering design criteria for the portal and the decline, including confirmation of the planned ground support. Permitting for underground exploration is anticipated to be complete and ready for submission to the BC government by the end of April 2011. Subject to receiving the necessary permits, a construction start-up is envisioned for the summer of 2011.
About the Akie Property
The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin, one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization (Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian ‘Gunsteel’ formation. The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off grade).
Two similar deposits, Cirque and Cirque South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101 compliant) grading approximately 10% combined zinc + lead.
In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.
Ken MacDonald P.Geo., Vice President of Exploration, is the designated Qualified Person as defined by National Instrument 43-101 and is responsible for the technical information contained in this release.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
CANADA ZINC METALS CORP.
PEEYUSH VARSHNEY, LL.B
CEO & CHAIRMAN