Canada Zinc Metals Expands Diamond Drilling Program on Cardiac Creek Deposit, Akie Property
Vancouver, British Columbia, Canada – Monday, July 7, 2014 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to announce that the planned diamond drilling program on the Akie property has been expanded to include an additional 1,700 metres of drilling. The Akie property is the Company’s flagship exploration project and is host to the Cardiac Creek SEDEX Zn-Pb-Ag deposit. The Akie property is located approximately 260 kilometres north-northwest of the town of Mackenzie, in northeastern British Columbia, Canada.
The 2014 Drilling Program
The expanded 2014 drilling program will continue to focus on the Cardiac Creek deposit with the primary objective to demonstrate the ongoing continuity of the high grade mineralization within the core of the deposit as well as expand its known limits.
The Company has completed a total of 1,530 metres in 5 HQ drill holes since start-up on June 14th, 2014. The drill is presently turning on the 6th drill hole and is making excellent progress towards a planned completion depth of 425 metres.
The additional drill holes will target the northwest edge of the deposit along strike the high grade mineralisation encountered in A-13-106 which returned an interval grading 7.53% combined Zn+Pb and 10.70 g/t Ag over 10.56 metres including a high grade core grading 10.53% combined Zn+Pb and 13.69 g/t Ag over 6.63 metres (see Company News Release November 25th, 2013). Drill hole 106 confirms grade and continuity in the northwest up-dip corner of the deposit and indicates the deposit’s potential for expansion both up-dip and along strike. The Company believes additional drilling is warranted in this locale. The planned drilling represents a 200 metre step-out along strike from A-13-106 (and 100 metres from the recently completed drill hole A-14-112).
Holes are also planned along the southeast edge of the deposit in an area situated directly under the discovery showing in Cardiac Creek. Drill targets situated under Cardiac Creek represent a continued expansion of the high grade core of the deposit to the southeast.
A total of 236 core samples, including QA/QC samples, have been collected and will be 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.
The expanded drill program is expected to continue through to the end of July.
A targeted soil sampling program to extend the historical soil survey coverage on Yuen North is ongoing concurrently with the drill program and is expected to be completed in the coming days. Further work this season includes a planned airborne gravity survey on the Akie, Mt. Alcock and Yuen North properties.
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-silver 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