Canada Zinc Metals Corp.: Exhibiting and Presenting at Cambridge House Investment Conference
22.05.2013 | FSCwire
Vancouver, May 22, 2013 - Canada Zinc Metals Corp. (CZX - TSX Venture), ("Canada Zinc Metals" or the "Company) is pleased to announce that it will be exhibiting and presenting at Cambridge House International Inc.'s "2013 World Resource Investment Conference", being held at the Vancouver Convention Centre at 1055 Canada Place, Vancouver, BC, from Sunday, May 26th to Monday May 27th, 2013.Canada Zinc Metals extends an invitation to all attendees to visit Booth #936. 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 zinc-lead-silver Akie property. The Company is sponsoring one of the four workshops at the conference this year and will be giving a short presentation in Workshop #4 from 10:30 to 11:00am on Sunday, May 26th. Light refreshments will be provided.
Significant shareholders of the Company include Tongling Nonferrous Metals Group Holdings Co. Ltd. and Lundin Mining Corporation.
About the Akie Property
The Akie property is situated within the Kechika Trough, the southernmost area of the regionally extensive Paleozoic Selwyn Basin and 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 from 1994 to 1996 by Inmet Mining Corporation and by Canada Zinc Metals since 2005 has identified a significant body of zinc-lead-silver SEDEX mineralization 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 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.
The Cirque deposit, located some 20 km northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, is also hosted by Gunsteel rocks.
About the Kechika Regional Project
In addition to the Akie property, the Company owns 100% of a large contiguous group of mineral claims known as the Kechika Regional project, that aggregate to a total of 10 properties that cover 68,000 hectares. The mineral claims stretch a distance of 140 kilometers from the Pie property on the north boundary of the Akie claims to the Thro property, near the northern reaches of the Gataga River. The properties cover the extent of the prospective Gunsteel Formation shale which is the known host of SEDEX mineralization in the Kechika Trough. The southernmost project boundary is located approximately 260 kilometers north-northwest of the town of Mackenzie.
The Kechika project includes several properties with significant historical drill intercepts, including the Mt. Alcock property which has yielded a drill intercept of 8.8 metres grading 9.3% Zn + Pb from the main showing (1). Historical drilling on the Bear-Spa property returned several drill intercepts of >10 metres grading 2.5 to 3.0% Zn + Pb and up to 20.6 g/t Ag (2). There has been no modern follow-up exploration on many of these properties.
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.
(1) Murrell, M., and Roberts, W., 1990; Summary Report, 1989 Exploration Program on the Mt. Alcock Property, British Columbia Ministry of Energy, Mines and Petroleum Resources, Assessment Report 19829A & B, 133p.
(2) Carne, R.C., 1980; Report on Diamond Drilling on the Bear and SI Claim Group, British Columbia Ministry of Energy, Mines and Petroleum Resources, Assessment Report 8626, 51p.
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"
PEEYUSH VARSHNEY, LL.B, CEO & CHAIRMAN
Contact:
Canada Zinc Metals Corp.
Investor RelationsWednesday,
Phone (604) 684-2181
info@canadazincmetals.com
www.canadazincmetals.com
(No.2012-05-06)