Vancouver, British Columbia, Canada – Monday, May 1, 2017 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to announce that it has finalized plans for the upcoming 2017 exploration program on the Akie property. The Company has outlined a comprehensive up to 7,500 metre diamond drill program that will focus primarily on its Cardiac Creek deposit.
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 covering 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 2017 Exploration Plan
Logistical planning for the 2017 exploration program is currently underway with contractual arrangements being finalized with several service providers.
The Company has engaged Canadian Helicopters Ltd. of Edmonton, Alberta, to provide helicopter services for the duration of the exploration program. Canadian Helicopters Ltd. has bases located throughout the interior of British Columbia including; Smithers, Fort St. John and Terrace, and is strategically located to support the program. Canadian Helicopters Ltd. recently provided similar services to Teck at its Cirque Project located approximately 20 kilometres from the Akie property; as such they are familiar with the local terrain and expected weather conditions.
The Company has also engaged Western Exploration Drilling Ltd. of Kamloops, British Columbia to once again provide drilling services to the project. Western Exploration Drilling Ltd. has provided drilling services to the Akie project over the course of four exploration seasons since 2011 and has been instrumental in allowing the Company to effectively and efficiently define the Cardiac Creek deposit, and explore the Akie property. In addition to the drilling and helicopter companies the Company is currently finalizing arrangements with several other key service providers.
Diamond Drilling Program
The 2017 exploration program will focus on the Cardiac Creek stratiform Zn-Pb-Ag deposit located on the Akie property. The Company plans on mobilizing two drills to the Akie property to complete a comprehensive up to 7,500 metre diamond drilling program in 2017. Up to 5,000 metres of drilling will target the Cardiac Creek deposit with a focus on expanding the down-dip limits of the high-grade core of the deposit as well as other expansion targets down-dip and along strike. An additional up to 2,500 metres of drilling will be allocated for infill targets across the deposit with the primary objective of providing additional material for subsequent metallurgical lab testing.
Additional exploration drill targets across the Akie property will be considered and include: the North Lead Zone where previous drilling intersected extensive intervals of bedded pyrite mineralisation that were highly anomalous in zinc and a thin massive sulphide lens; the South Zinc Anomaly which is defined by a large (~2 kilometre by 500 metre) zinc-in-soil anomaly; and the Sitka Showing located on the eastern edge of the Akie property that is characterized by a thick barite sequence hosting disseminated coarse grained galena and sphalerite.
The diamond drill program is expected to start early June and continue through to end of September.
Mr. Peeyush Varshney, President and CEO of the Company, stated, "We are pleased with the progress we have made in finalizing our exploration targets at Akie and look forward to soon mobilizing the drill rigs for commencement of drilling".
The Akie Zn-Pb-Ag Project
The Company's flagship Akie property is situated within the Kechika Trough, the southernmost area 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 Canada Zinc Metals since 2005 has identified a significant body of baritic-zinc-lead-silver SEDEX mineralisation 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 19.6 million tonnes grading 8.2% zinc, 1.6% lead and 13.6 g/t silver (at a 5% zinc cut-off grade) and an inferred resource of 8.1 million tonnes grading 6.8% zinc, 1.1% lead and 11.2 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