Canada Zinc Metals Commences Exploration Program at Akie
Vancouver, British Columbia, Canada – Friday June 12th, 2015 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to announce that field crews have mobilized to the 100% owned Akie Zinc-Lead-Silver property located in northeast British Columbia to initiate the 2015 exploration drill program. The planned program of 5,000 metres of diamond drilling will target the Cardiac Creek deposit. The primary objective of the program is resource growth, with holes targeting the lower elevations of both the Indicated and Inferred sections of the mineral resource.
The Company owns 100% of eleven, large, contiguous property blocks that comprise the Akie and Kechika Regional projects. The Company’s flagship Akie Project is host to the Cardiac Creek deposit. The Kechika Regional Project includes the Pie, Yuen, Cirque East and Mt. Alcock properties extending northwest from the Akie property for approximately 140 kilometres along strike of the highly prospective Gunsteel Formation shale; the main host rock for known SEDEX zinc-lead-silver deposits in the Kechika Trough of northeastern British Columbia. These projects are located approximately 260 kilometres north northwest of the town of Mackenzie, British Columbia, Canada.
The 2015 Exploration Plan
The Company previously announced plans for an aggressive 5,000 metre diamond drill program for 2015; with the primary goal of expanding the down-dip extents of the high-grade core to the Cardiac Creek deposit (see Press Release May 12, 2015). The central core represents the highest grade and thickest area of the deposit. The down-dip extent of this high grade core is the primary target area for the 2015 diamond drilling program. The core is currently defined by numerous high grade holes such as A-05-30, A-05-32, A-06-45, A-07-50 and A-07-53. The intercepts from these holes strongly suggest the presence of additional mineralisation of similar tenor at depth. A number of diamond drill holes have been planned to test this target area to determine the extents of the high grade core at depth.
Other work planned for the 2015 season includes field assessment of high priority gravity geophysical targets, as determined from the ongoing airborne gravity data interpretation; and focused soil geochemistry in select areas. Environmental studies, including surface and groundwater sampling, are ongoing. The 2015 exploration program is anticipated to continue through to October.
Peeyush Varshney, President and CEO of the Company, states, "After a busy winter of data compilation, processing and interpretation of airborne gravity data, and drill planning, we are pleased to be active again on the Akie property. An early spring and snow free-conditions has allowed easy access to the property and we will commence drilling shortly. The camp is open and the drill and field crews are mobilizing to site. We anticipate exciting drill results and expect to have drill results to report over the summer and fall months.”
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