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Canada Zinc Metals Announces New High Grade Drill Results from the Cardiac Creek Deposit (Akie Property)

Vancouver, British Columbia, Canada – Monday, November 25, 2013 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to announce drill assay results have been received from two drill holes completed on the Cardiac Creek deposit.

The 2013 exploration program had two main objectives: 4,000 metres of diamond drilling on the Akie property, and completion of the airborne Versatile Time Domain EM (VTEM) geophysical survey over the entire Kechika Regional claim package, including the Pie, Yuen and Cirque East properties recently optioned to Teck Resources and Korea Zinc (see press releases dated September 9, 2013 and November 19, 2013).

The Akie property is the Company’s flagship exploration project and host to the Cardiac Creek SEDEX Zn-Pb-Ag deposit. The Kechika Regional Project, represented by a series of property blocks including Pie and Mt. Alcock, extends northwest from the Akie property for approximately 140 kilometres covering the highly prospective Gunsteel Formation shale. The southernmost project boundary is located approximately 260 kilometres northwest of the town of Mackenzie, in northeastern British Columbia, Canada.

2013 Exploration Update

Please refer to earlier exploration updates for more detail on the 2013 Exploration Program at http://canadazincmetals.com/news/2013/

Diamond Drilling:

The Company completed 9 HQ/NQ drill holes, totaling 4,854 metres on the Akie property in 2013. The drilling program progressed in a sequential manner with two holes targeting the West Akie GPS Zone; followed by one hole each on the North Lead Anomaly and the South Zinc Anomaly. The program then shifted to the Cardiac Creek deposit for 4 drill holes totaling 2,350 metres. The final hole of the season was completed on the SE Zone located approximately 2.5 kilometres to the southeast and along strike of the Cardiac Creek deposit. A drill hole location plan is provided on the company website.

http://canadazincmetals.com/_resources/20131125-fig1.jpg.

A total of 1,369 core samples, including QA/QC samples, have been cut and sent to Acme Analytical Laboratories in Vancouver, BC, Canada. Samples are collected in accordance with accepted industry standards and procedures. Routine QA/QC analysis is conducted on all assay results, including the systematic utilization of certified reference materials, blanks and duplicate samples.

Results have now been received for the first two drill holes of 2013 that tested the Cardiac Creek deposit, including drill hole A-13-105 which pierced the deposit on the southeast side and drill hole A-13-106 which tested the up-dip potential on the NW side. Drill results from regional targets on Akie were released earlier (see press release dated November 7th, 2013).

Drill results are pending from three additional holes, including two holes on the Cardiac Creek deposit and one test of the SE Zone. The Company expects to announce these results shortly.

Cardiac Creek Deposit

Drilling on the Cardiac Creek deposit was focused on several infill and expansion targets located on the northwest and southeast margins. These targets were selected to demonstrate the ongoing continuity of the high grade mineralization within the core of the deposit as well as expand its known limits. This plan is consistent with the recommendations contained within the revised NI 43-101 Technical Report entitled “NI 43-101 Technical Report, Akie Zinc-Lead-Silver Project, British Columbia, Canada”, dated April 27, 2012, with an effective date of March 14, 2012.

Drill hole A-13-105 targeted the deposit in an area located between drill hole A-08-64 and A-08-66 and high grade drill holes A-05-33 and A-11-93. The pierce point for A-13-105 is located some 50 metres down-dip from A-08-64.

The drill hole passed through a thick sequence of Gunsteel Formation shale before intersecting the proximal facies characterized by thickly bedded pyrite mineralization at a depth of 358.64 metres. The proximal facies transitioned to Cardiac Creek style mineralisation at a depth of 374.42 metres. The hole then intersected a thin interval of debris flow before being shut down in well-bedded siltstone of the Road River Group at a depth of 442.87 metres.

The hole intersected an extensive interval grading 3.24% combined Zn+Pb and 5.35g/t Ag over 40.08 metres including a higher grade core grading 8.89% combined Zn+Pb and 11.09g/t Ag over 6.01 metres.  The results are tabulated below. The drill hole confirms grade and continuity in the southeast area of the deposit that has seen relatively few drill holes. The Company believes more drilling is warranted in this locale to extend the known strike length of the deposit to the SE and at a depth down-dip of known intersections.

Drill hole A-13-106 was designed to test the up-dip mineralization potential of A-10-74. The pierce point is located approximately 150 metres along strike from A-94-11 and 150 metres up-dip of A-10-74. The hole intersected a thick package of Gunsteel Formation black shale with local interbedded bands of laminated pyrite and nodular barite to a depth of 464.42 metres. The laminated pyrite and nodular barite beds increased in frequency and size to a depth of 477.21 metres. The Cardiac Creek zone was intersected from 477.21 to 488.06 metres consisting of sphalerite dominated sulphides beds with pyrite and galena. Two large quartz-carbonate veins with brecciated sulphides bracket the main section of mineralisation. Underlying the deposit, coarse nodular barite with pyrite laminations interbedded with Gunsteel Formation shale is present to a depth of 493.42 metres. The hole intersected a thin interval of Paul River Formation debris flow and fossiliferous limestone from 493.43 to 501.13 metres before being shut down in rocks of the Road River Group at a depth of 531.27 metres.

The hole intersected an interval grading 7.53% combined Zn+Pb and 10.70 g/t Ag over 10.56 metres that including a high grade core grading 10.53% combined Zn+Pb and 13.69g/t Ag over 6.63 metres. The results are tabulated below. The drill hole confirms grade and continuity in the upper reaches of the northwest portion of the deposit and demonstrates the up-dip and strike extension potential. More drilling is warranted in this locale to extend the known dip and strike extents of the deposit to the northwest.

Drill Hole
From (m)
To (m)
True Width (m)
Zn (%)
Pb (%)
Ag (g/t)
Zn+Pb (%)
A-13-105
357.00
411.33
40.08
2.79
0.45
5.35*
3.24
including
377.00
404.40
20.26
4.49
0.77
7.44
5.26
including
392.85
404.40
8.56
6.42
1.21
9.51
7.63
including
395.15
403.25
6.01
7.46
1.43
11.09
8.89
A-13-106
476.00
488.06
10.56
6.47
1.06
10.70
7.53
including
476.76
486.50
8.53
7.96
1.30
13.00
9.26
including
477.21
484.78
6.63
9.03
1.50
13.69
10.53

(*) Ag values below detection were given a value half of the detection limit for the purposes of weighted averaging.

In addition to the Cardiac Creek style mineralization, another narrow interval of Nick style mineralization was intersected over 1.23 metres along the unconformable contact between the fossiliferous limestone of the Kwadacha Reef and the underlying Silurian Siltstone. This interval is identical to the occurrence intersected in A-13-103 from the South Zinc Anomaly. The interval returned 0.3% Ni, 0.11% Zn and was elevated in Pb, U, P, and Se. The samples are being rerun with a 54 element ICP analytical package to test its potential for Au and PGE’s and provide a full spectrum of elements for the interval. The Company has now intersected Nick style mineralisation in three widely spaced drill holes (A-10-72, A-13-103, A-13-106) all within or associated with Paul River Formation rocks. The spacing of these three intersects suggest that this style of mineralisation could be widespread across the property and possibly the district.

The Akie Zn-Pb-Ag Project

The Akie property is situated within the Kechika Trough, the southernmost area of the regionally extensive Paleozoic Selwyn Basin and 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 Canada Zinc Metals since 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization known as the Cardiac Creek deposit. The deposit is hosted by siliceous, carbonaceous, fine grained clastic rocks of the Middle to Late Devonian Gunsteel Formation.

The Company has outlined a NI 43-101 compliant mineral resource at Cardiac Creek, including an indicated resource of 12.7 million tonnes grading 8.4% zinc, 1.7% lead and 13.7 g/t silver (at a 5% zinc cut-off grade) and an inferred resource of 16.3 million tonnes grading 7.4% zinc, 1.3% lead and 11.6 g/t silver (at a 5% zinc cut-off grade). 

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”
                                                           
PEEYUSH VARSHNEY, LL.B
CEO & CHAIRMAN

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