Canada Zinc Metals Corp. - Exhibiting at Cambridge House Investment Conference
May 30, 2012
Vancouver, B.C. – Wednesday, May 30, 2012– Canada Zinc Metals Corp. (TSX Venture: CZX) (“Canada Zinc Metals” or the “Company) is pleased to announce that it will be exhibiting at Cambridge House International Inc.’s “2012 World Resource Investment Conference”, being held at the Vancouver Convention Centre at 1055 Canada Place, Vancouver, BC, from Sunday, June 3rd to Monday June 4th, 2012.
Canada Zinc Metals extends an invitation to all attendees to visit Booth #1005. The Company will be handing out information brochures as well as displaying some of the high grade drill core obtained from the exploration programs at the Company’s flagship Akie property.
Significant shareholders of the Company include Tongling Nonferrous Metals Group Holdings Co. Ltd. and Lundin Mining Corporation.
About the Akie Property
The Akie zinc-lead property is situated within the southernmost area (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 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 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). The deposit remains open in all directions.
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 historic geologic inventory in excess of 50 million tonnes (not 43-101 compliant) grading approximately 10% Zn+Pb.
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 an historic drill intercept of 8.8 metres grading 9.3% Zn+Pb, numerous zinc-lead-barite occurrences, and several large regional base metal geochemical anomalies.
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