2010 Akie Property Diamond Drilling Program Commences
Vancouver, B.C. – Wednesday, June 30, 2010 – Canada Zinc Metals Corp. (TSX Venture : CZX) (“Canada Zinc Metals” or the “Company”) is pleased to announce commencement of the 2010 diamond drill program on its Cardiac Creek SEDEX zinc-lead-silver deposit on the Akie property. The property, owned 100% by the Company, is centered approximately 260 kilometers north-northwest of the town of Mackenzie in northeastern British Columbia.
About the 2010 drill program
This program will encompass some 5,000 metres of drilling, yielding NQ/HQ size core, in up to 9 or 10 drill holes, in two areas northwest of the known Cardiac Creek deposit. The objectives of the program are twofold:
To test the permissive Gunsteel Formation – Road River Group stratigraphy present along strike, to the northwest, of the Cardiac Creek deposit for the continuation of this mineralization and;
To further explore the highly prospective North Lead Anomaly, which is underlain by geology similar to that of the Cardiac Creek deposit located some 2.2 km to the southeast. Previous drilling has encountered massive sulphides containing sphalerite and galena (0.8 metres grading 11.6% zinc and 9.05% lead), sulphide replacement (pyrite, sphalerite and galena) of an underlying footwall carbonate debris flow and quartz-carbonate alteration of footwall rocks, all suggestive of proximity to a vent zone.
Rodren Drilling Ltd. of West St. Paul, Manitoba is the drill contractor for this work and will provide two helicopter portable, modified BBS-56 drill rigs and all of the ancillary equipment necessary to complete the program. During the past three drill seasons on the property, Rodren has acquired considerable knowledge and experience (17.3 km drilling/36 holes) and has exhibited a high level of technical and operational competency The two drill rigs are currently setup on the North Lead Anomaly and both started drilling on June 29. “We are very excited to announce that drilling has commenced again on the Akie property,” commented Peeyush Varshney, CEO of Canada Zinc Metals. “A significant program has been planned for this year and we look forward to keeping our shareholders informed of developments. The quality of our projects continues to attract the interest of several large base metal mining companies.”
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.
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