Akie and Kechika Regional Property Update
Vancouver, B.C. – September 23, 2009 – Canada Zinc Metals Corp. (TSX Venture:CZX) (“Canada Zinc” or the Company) is pleased to provide the following update on the status of the Company’s extensive, 100% owned mineral tenures in the Kechika Trough SEDEX zinc-lead district of northeastern British Columbia.
The 2009 exploration program’s focus was on discovery of new mineralized targets within the Kechika Regional tenures and completion of additional detailed geologic mapping and soil, silt and rock sampling in specific areas on both the regional claims and on the Akie Property. Several new mineral occurrences have successfully been identified as a result of the 2009 program. The most prospective ones, based on presently available information, are the ‘GPS’ barite-laminated pyrite showing and the ‘Breccia’ sphalerite-galena-barite showing in the western and central areas of the Pie claim, respectively (refer to August 12, 2009 news release for details). The GPS showing is hosted by black shales similar to, and along strike from, rocks containing the Cirque deposit. The Breccia occurrence is at a shale-limestone contact, a common stratigraphic address for lead-zinc mineralization in the Kechika Trough. The 2009 exploration program has recently been concluded. Complete analytical data sets for both discoveries are awaited. Once the results for all samples have been reviewed and compiled, the Company looks forward to providing this information to shareholders.
The Company’s current mineral tenures comprise two claim groups, a large eastern block, some 140 km long and encompassing 75,596 hectares, that includes the Akie Property (10,205 hectares) and the contained Cardiac Creek zinc-lead deposit, and a nearby, smaller western block, that encloses 2,293 hectares. The eastern claims are underlain generally by highly prospective pyritic black shales of the Gunsteel Formation, the host rocks to the Cardiac Creek, Cirque and Driftpile deposits and the important Mt. Alcock occurrence, while the western claims overlie older pyritic black shales containing abundant structurally controlled pyrite and lesser sphalerite .
The Company is very pleased to report that, as a consequence of two recent submissions to the British Columbia government of applicable 2008 exploration work expenditures, the expiry dates of all of the claims in the large block have been extended to December, 2018.
About the Akie and Kechika Regional Properties
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.
John R. Fraser, P.Geo. (B.C.), Vice President of Exploration and a Director of Canada Zinc Metals is the Qualified Person for the Company, as defined by NI 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