Akie

Akie (100% owned)

The Akie claim block covers 6,400 hectares and hosts the Cardiac Creek deposit, which is now road accessible. The Cirque deposit (also road accessible), which is a well defined zinc-lead asset owned under a 50-50 Joint Venture between Teck Resources and Korea Zinc, is located only 20 km to the Northwest of the Akie property.  Both the Cirque and Cardiac Creek deposits have many similarities: age, SEDEX origin, mineralization within the same stratigraphic units, and considerable exploration potential.

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  from 1994 to 1996 and by Canada Zinc Metals from 2005 to 2008 has identified a significant body of baritic-zinc-lead SEDEX mineralization, which has been named the Cardiac Creek deposit.  The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian ‘Gunsteel’ formation. Combined, Cirque and South Cirque,  have a geologic inventory in excess of 50 million tonnes averaging approximately 10% combined zinc plus lead.

Canada Zinc Metals commenced work at Akie in 2005 and by the end of 2008 had completed 37 drill holes for a total of 18,290 metres to define the Cardiac Creek deposit. Exploration completed to date suggests that the Cardiac Creek deposit is open for expansion, particularly the higher grade mineralization along plunge to the northwest and southeast.

In mid-April, 2008, the Company reported an initial resource estimate for the Cardiac Creek deposit based on drill information from programs carried out by the Company during the period September 2005 to November 2007. The estimate was prepared by Robert C. Sim, P.Geo. (BC), an independent Qualified Person (QP) as defined by National Instrument (NI) 43-101, which is filed on SEDAR at www.sedar.com.

Click here to view AKIE Project (NI) 43-101

The inferred mineral resource at a series of cut-off grades ranging from 2% to 7% is summarized in the table below (please note that the 2008 drill results from 13 holes are not incorporated in this report):

Cardiac Creek 43-101 Resource Estimate at Various Zinc Cut-Off Grades

Akie 2008 Work Program

In addition to the drilling of 11 holes that targeted the Cardiac Creek deposit, two holes tested the North Lead anomaly and encountered significant textural evidence of post depositional sulphide mineralization that supports a more active deposition setting. Geological evidence from the North Lead anomaly supports the concept that the general area may be a likely source of fluid focus, with the expectation of more sulphide occurrences. Further drilling at both the Cardiac Creek deposit and the North Lead anomaly is planned. Also, during 2008, a 10 kilometre extension from the existing logging road and two access trails, now provide surface access to the Cardiac Creek deposit in support of future activity that is planned for 2009. Throughout 2008, additional base line data was also collected.