Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to announce that field crews have mobilized to the Akie property to commence the 2017 diamond drilling program on its 100% owned Akie Project. The Company has outlined a comprehensive program of HQ diamond drilling that will focus primarily on the Cardiac Creek Zn-Pb-Ag 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
The 2017 exploration program will focus on the Cardiac Creek stratiform Zn-Pb-Ag deposit located on the Akie property. The Company will mobilize two drills to the property to complete a comprehensive diamond drilling program. A majority of the 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. Additional drilling will be allocated to 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; 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.
Diamond drilling is expected to start shortly and continue through to end of September.
Mr. Peeyush Varshney, President and CEO of the Company, commented, “We look forward to additional drilling to showcase the near-term development potential of the Cardiac Creek deposit. This year’s drilling and planned metallurgical testing will allow us to advance the project and demonstrate the considerable potential to expand the deposit at depth and along strike. The Akie project continues to stand out as one of the premier zinc-lead-silver projects in today’s marketplace.”
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).