Canada Zinc Metals â€" Commencement of 2013 Exploration Program On the Akie and Kechika Regional Projects
Vancouver, British Columbia, Canada – Thursday, July 11, 2013 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to announce that the Company has commenced its planned 2013 exploration program for the Akie and Kechika Regional projects. The Akie property is the Company’s flagship exploration project and is 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 kilometers covering the highly prospective Gunsteel Formation shale. The southernmost project boundary is located approximately 260 kilometers north-northwest of the town of Mackenzie, in northeastern British Columbia, Canada.
The 2013 Exploration Program
The 2013 exploration program has two primary objectives: up to 4,000 metres of diamond drilling planned for the Akie property and an expansion of the 2012 airborne VTEM survey that was completed over the Akie, Pie and Mt. Alcock properties. The survey will extend to cover the remaining Kechika Regional claims.
Geotech Ltd, of Aurora Ontario, has mobilized to site and commenced the VTEM Airborne Geophysical survey. Approximately 2,700 line kilometers are planned and the Company is pleased to announce that to-date over 80% of the program has been completed. Pending favorable weather, the survey should be complete within the next week.
Western Exploration Drilling of Kamloops, BC, is presently mobilizing to site and is anticipated to be set up and drilling by mid July. The up to 4,000 metre drilling program will test several key targets on the Akie property, including the Cardiac Creek deposit, the GPS bedded barite showing, the South Zinc Anomaly and other promising property-scale targets that have been identified through careful analysis of exploration data coincident with anomaly targets from the 2012 Airborne VTEM survey.
Targeted ground exploration on Akie, including soil sampling and detailed mapping will also commence by mid July and will focus on several geophysical anomalies identified in the 2012 Airborne VTEM survey.
Peeyush Varshney, President & CEO of the Company, commented on the progress so far this season, “Given the current economic challenges that many junior exploration companies face, we are pleased to be able to plan and execute on a significant 2013 program that will both advance the flagship Cardiac Creek deposit with additional definition drilling, and will test new targets on Akie that have been developed in concert with the recent airborne geophysical data. In addition, we will complete the VTEM Airborne Geophysical survey over the entire Kechika Regional Project, which coupled with the new digital database of historical data, would give Canada Zinc Metals a powerful exploration toolkit with which to outline new exploration targets.”
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, LL.B
CEO & CHAIRMAN