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2010Drilling Intersects 9.82 m of 7.69% Zinc+Lead and 9.67 g/t Silver on the Cardiac Creek DepositNovember 4, 2010 Vancouver, British Columbia, Canada –Thursday, November 4, 2010 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to provide the first batch of preliminary results from the recently completed 2010 diamond drill program on its 100% owned Akie property, which includes the Cardiac Creek SEDEX zinc-lead-silver deposit. The property is located approximately 260 kilometers north-northwest of the town of Mackenzie in northeastern British Columbia. Highlights: Cardiac Creek Deposit
NW Extension
North Lead Anomaly
2010 Akie Property Drill Program The 2010 diamond drilling program on the Akie property has been concluded. Eleven drill holes were completed totaling 6,127.57 metres Exploration targets included the Cardiac Creek deposit, the NW Extension, and the highly prospective North Lead Anomaly. Cardiac Creek Deposit Drilling on the Cardiac Creek deposit focused on the northwestern edge and central areas of the deposit. Three drill holes were completed totaling 2,078.78 metres. Results from the first of these drill holes is outlined in the following table.
Drilling on the NW Extension was designed to test the (NW) strike extent of the Cardiac Creek deposit . Four drill holes (A-10-69, A-10-69A, A-10-71, A-10-72)were completed on approximate 400 metre centerstotaling 1,464 metres. All four drill holes intersected variable widths of laminated to thickly bedded pyrite mineralization interbedded with nodular to massive beds of barite and Gunsteel Formation shale. This mineralization occurs at the same stratigraphic position as the Cardiac Creek deposit. Results from three of these drill holes (A-10-69A, A-10-71, A-10-72) returned highly anomalous values of zinc ranging from >1000 ppm to >5000 ppm zinc. The fourthdrill hole, A-10-69, intersected 18.47 metres of thickly bedded pyrite and minor sphalerite (zinc sulphide) of identical character and style as the Cardiac Creek deposit. Results are pending for this drill hole. In addition to the mineralization encountered within the Gunsteel Formation shales, drill hole A-10-72 also intersected a sulphide-replaced section of interpreted debris flow. The sulphides are predominantly pyrite with crosscutting sphalerite stringers. The results of this interval are outlined in the table below.
This interval is also anomalous in gold, lead, copper, molybdenum, antimony, phosphorus, vanadium, thallium and other elements. This mineralization appears to be a unique occurrence within in the Kechika Trough. The character and elemental enrichment suggest possible similarities to the zinc-lead-PGE mineralization of the Nick deposit in the Yukon. The results from the NW Extension target are encouraging, indicating that mineralization of similar character and style exists approximately 800m along strike from the Cardiac Creek deposit and the possible discovery of a new style of mineralization. This target will be evaluated for future drilling. North Lead Anomaly The drilling on the North Lead Anomaly continued to test the mineralization encountered in the 2008 Canada Zinc Metals and 1996 Inmet Mining drill holes. Four drill holes (A-10-67, A-10-68, A-10-70, and A-10-76) were completed totaling 2,584.79 metres. All drill holes intersected variable widths of thinly to thickly bedded pyrite mineralization with minor sphalerite (zinc sulphide) however, A-10-68 contained a significant 126 metre interval of interbedded Gunsteel Formation shale and thickly bedded pyrite mineralization , located 100 metres along strike, northwest of the 2008 drill holes . This mineralization occurs at the same stratigraphic position and is similar in character to that of the pyrite mineralization closely associated with the Cardiac Creek deposit. Results from three of these drill holes (A-10-67, A-10-68, A-10-70) returned consistently highly anomalous zinc values ranging from >1000 ppm to >7000 ppm . In addition to the anomalous zinc values, drill hole A-10-68 included an interval of higher grade zinc outlined in the table below.
The final drill hole (A-10-76) of the 2010 program was drilled 200 metres along strike to the northwest of A-10-68 testing the mineralization encountered in A-10-68. Results are pending. The results from the North Lead Anomaly are extremely positive, suggesting that another Zn-rich sulphide system is present on the Akie property. All results will be evaluated in order to delineate future drill targets as a follow up to this year’s drill program. All drill core is logged for geology, structure, mineralization, RQD and photographed. Sections of sulphide mineralization are marked for sampling with a series of standards, duplicates and blanks inserted into the sample stream for QA/QC purposes. Samples are split by a diamond saw, tagged and bagged and forwarded to Acme Analytical Laboratories Ltd. of Vancouver, B.C. for analysis. All remaining drill core is stored at the Akie exploration camp. Assay results are pending for all holes. 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. Qualified person Peter Dadson, BSc, PGeol, 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” |
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