2012-11-08 14:34:11 -
Vancouver, British Columbia CANADA, November 08, 2012 /FSC/ - Canada Zinc Metals Corp. (CZX - TSX Venture), is pleased to provide an update on the regional exploration program completed on the Akie and Kechika Regional projects. The Akie property is the Company's flagship exploration project and is host to the Cardiac Creek SEDEX Zn-Pb-Ag deposit. The Kechika Regional Project, represented by a series of contiguous property blocks including Pie and Mt. Alcock, extends northwest from the Akie property for approximately 140 kilometres covering the prospective Gunsteel Formation shale. The southernmost project boundary is located approximately 260 kilometers north-northwest of the town of Mackenzie, in northeastern British Columbia, Canada.
Airborne Geophysical Survey
At this time, the Company is in receipt of
Geotech Ltd.'s final report on the recent 1,526 line kilometre airborne Vertical Time Domain EM (VTEM) geophysical survey flown over the Akie, Pie and Mt. Alcock properties. The survey consisted of 200 metre spaced lines across all three properties. Detailed infill areas over the Cardiac Creek deposit and the West Pie target area of the Pie property were flown with 100 metre line spacing. The primary goal of the survey was to obtain lithological and structural information near surface and at depth across the three properties, as well as define a geophysical response directly from the Cardiac Creek deposit.
The report is currently under review however a preliminary examination of the geophysical data indicates a good correlation between the known geology and the geophysical response. A number of key geological units appear to have been defined by the survey, including the Gunsteel Formation shale hosting the Cardiac Creek deposit (as well as the associated hanging wall and footwall Silurian siltstone), the Gunsteel Formation shale across the central Pie property where the bulk of the historical drilling on the property has taken place; and the prospective, newly interpreted, Gunsteel Formation shale of the West Pie target area.
Condor Consulting Inc., of Lakewood Colorado, has been engaged to review the data and provide a full geophysical interpretative report. Condor are recognized as experts in the field of airborne electromagnetics and provide a full range of services for processing, modeling and analysis of geophysical data. Ken Witherly of Condor previously had provided advice on type and orientation of survey prior to commencement of the survey. The final interpretive report is expected sometime in December. Upon receipt, the Company will review the report and its recommendations for follow-up work. Canada Zinc Metals looks forward to providing a further update on the results of the VTEM survey.
Regional Exploration Program
Preliminary sulphate results have been received from the hydro-geochemistry program conducted across several of the company's properties including Akie, Pie and Mt. Alcock. In total over 120 samples were collected and analyzed for sulphate and metal concentrations.
The analytical sulphate values confirmed the initial field observations with several areas that returned highly anomalous levels of sulphate. These include the northern area of Central Pie, West Pie and Mt. Alcock.
Additional samples taken downstream of the GPS showing returned elevated levels of sulphate that confirm the previously known anomaly. This result continues to demonstrate the viability of this technique. Interestingly, certain drainages underlain by rocks of the Road River Group, generally thought to be non-prospective, returned anomalous values on the Pie, Mt. Alcock and Yuen properties. These areas will need to be investigated further in order to determine a possible source. With a few exceptions the field observations correlated extremely well with the analytical results. At this time the Company is waiting for final results from the metals analysis. These results are expected shortly. Based on the final interpretation, future sampling will focus on tertiary drainages in order to pinpoint the source of the sulphate anomalies and the presence of possible SEDEX style mineralization. For QA/QC purposes, several samples from the 2011 baseline survey were duplicated to test for possible seasonal variation; and a series of duplicates and blanks were inserted roughly every ten samples in the 2012 survey.
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
Contact: Investor Relations
Phone (604) 684-2181
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Source: Canada Zinc Metals Corp. (CZX - TSX-V)
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