Tuesday, December 14, 2010

Canada Zinc Metals: Drilling intersects 12.53 m of 12.42 % Zinc + Lead and 18.72 g/t Silver in hole A-10-73B on the Cardiac Creek Deposit & Cardiac Creek Style Mineralization intersected on NW Extension , lun.to, tnr.v, bwr.to, cs.to, imn.to, ncu.to, tko.to, wrn.to, qux.to, rio, bls.to, tck



  We have a very impressive results from this company - deposit promise to grow now in size and it is very important to see high grade intersections in that step out hole.

  Company has a new presentation on its website as well now.


"What is the common sense in the so different investment situations: when Erick Sprott buys into Avino Silver, Silver Wheaton buys into Revett Minerals, Lukas Lundin buys into NGeX Resources and invest more to keep its stake in Sunridge Gold, Panasonic buys into Tesla, Tongling buys into Canada Zinc Metals and Nova Gold sells 50% of 1 mil NON 43-101 historical resource of gold at Shotgun for shares of TNR Gold and significantly increase its position in that company? All these situations are common only in one, but very powerful in investment world thing: industry and/or company insiders are buying in. Can they be mistaken - yes, by all means - but we like to follow the "smart" money."


"Ireland is a non starter for any serious discussion about reasons for Mr Market depressed mood  these few days - just due to the size of its economy - it will be bailed out. There will be no Lehman Brothers any more - insolvent financial system will never recover from another shock. Constant pump of liquidity is the name of the game - all Central Banks have The License to Print now. Real Things will appreciate against all FIAT currencies.
  The reason behind the-long-time-due correction in the overheated markets is China and its Inflation. Everybody is rushing to sell today - we will send you back to the 2002, when the previous cycle of Higher Nominal Rates has been started. Study the charts of Gold, Silver, Copper and Zinc for starters - the keys to the commodities super-cycle are real growth in Emerging Markets and Negative Real Rates.    The US Dollar party will be very short lived, even green buck can not take seriously all those talks about QE "not debasing dollar value". Now with "crashing markets" and "non-existing" Inflation in official statistics General Bernanke can chop every tree in the DC area for his QE games, problem will come later when the price of Oil will be too expensive to run his choppers to drop the bucks.
   As per Inflation - just jump across the pond - UK is the indicator of things to come after QE and universal bailouts. Inflation there is above 3% and will "stay now at elevated levels throughout 2011" And it is when they have already students on the streets after first austerity measures. Who will dare to try it at home? 
     Canada Zinc Metals in this sense, is a very interesting indicator with Chinese Tongling taking its stake above 36% in the company during this financing. We guess they have some clues about the real state of the Chinese economy and why do they need one of the world's top zinc deposits in Canada, into which they are buying with premium to the market price."


Drilling intersects 12.53 m of 12.42 % Zinc + Lead and 18.72 g/t Silver in hole A-10-73B on the Cardiac Creek Deposit & Cardiac Creek Style Mineralization intersected on NW Extension


December 13, 2010
Vancouver, British Columbia, Canada – Monday, December 13, 2010 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to provide the second batch of results from the recently completed 2010 diamond drill program on its 100% owned Akie property, which includes the Cardiac Creek SEDEX zinc-lead-silver deposit.  The property is located approximately 260 kilometers north-northwest of the town of Mackenziein northeastern British ColumbiaCanada
2010 Akie Property Drill Program
During the 2010 diamond drilling program on the Akie property, eleven drill holes were completed totaling 6,127.57 metres of drilling.  Exploration targets included the Cardiac Creek deposit (3 holes), the NW Extension (4 holes) and the highly prospective North Lead Anomaly (4 holes). All drill holes have intersected mineralized shales of the Gunsteel formation, the primary host of the Cardiac Creek deposit. Please refer toJune 30, 2010 press release for more details on the geological setting and the objectives for the 2010 program.
This release details results from hole A-10-73B on the Cardiac Creek deposit and hole A-10-69 on the NW Extension.
Cardiac Creek Deposit
Drilling on the Cardiac Creek deposit focused on the northwestern edge and central areas of the deposit.  Three drill holes were completed totaling 2,078.78 metres (A-10-73B, A-10-74 and A-10-75).  Drill hole A-10-73B was drilled into the central area of the deposit and intersected significant mineralization, demonstrating the continuity of the known high grade zone.  Results from A-10-73B can be seen in the following table.

DRILL HOLE
FROM (m)
TO
(m)
WIDTH (m)
ZINC (%)
LEAD (%)
SILVER (g/t)
Zn+Pb (%)
A-10-73B
597.11
619.90
22.79
8.33
1.69
16.03
10.02
Including
606.12
618.65
12.53
10.30
2.12
18.72
12.42

Note: Widths reported in the table represent core lengths, not true widths.
“We are very excited by the assay results of hole A-10-73B,” commented Peeyush Varshney, President and CEO of Canada Zinc Metals. “We have intersected a 12.53 metre interval of 12.42% combined zinc-lead and 18.72 grams per tonne silver - which further increases our confidence in the location and continuity of the high grade zone in the Cardiac Creek deposit.  This interval was within a considerably thicker zone of 22.79 metres assaying more than 10% zinc-lead and 16.03 grams per tonne silver.” 
Results from hole A-10-74 on the Cardiac Creek deposit were announced on November 4, 2010.   Assay results for the third hole, A-10-75, are still pending.
            NW Extension Target
Drilling on the NW Extension was designed to test the (NW) strike extent of the Cardiac Creek deposit.  Four drill holes (A-10-69, A-10-69A, A-10-71 and A-10-72) were completed on approximate 400 metre centers, totaling 1,464 metres of drilling. 
Drill hole A-10-69 intersected 18.47 metres of thickly bedded pyrite and sphalerite (zinc sulphide) from 207.05 to 225.52 metres. The mineralization is of similar character and style as the Cardiac Creek deposit.  Assay results returned zinc values consistently greater than 0.5% from 210.87 to 225.52 metres with individual samples returning 1.13% (1.00 m), 1.28% (0.88 m), 1.57% (0.95 m), 1.90% (0.77 m), and 1.03% (0.61 m) zinc.  The mineralization encountered in A-10-69 was truncated by a fault which may indicate depth of zone or offset by faulting. Additional drilling is required to determine significance of structure in this area.
The assay results from hole A-10-69 included the following:


DRILLHOLE
FROM (m)
TO
(m)
WIDTH (m)
ZINC (%)
LEAD (%)
SILVER (g/t)
A-10-69
212.00
224.44
12.44
0.81
0.07
2.68

Note: Widths reported in the table represent core lengths, not true widths.
Previously reported results from the NW Extension (see news release dated November 4, 2010) include the 1.17 metre wide sulphide zinc-nickel enriched zone intersected in drill hole A-10-72 that is also anomalous in gold, lead, copper and other elements (see table below) and appears to be similar in character to zinc-lead-PGE mineralization of the Nick Deposit in the Yukon.


DRILLHOLE
FROM (m)
TO
 (m)
WIDTH (m)
ZINC (%)
NICKEL (%)
SILVER (g/t)
A-10-72
299.40
300.57
1.17
2.69
0.60
4.4

Note: Widths reported in the table represent core lengths, not true widths.
The presence of Cardiac Creek style mineralization located approximately 800 metres along strike from the Cardiac Creek deposit and the newly discovered nickel rich mineralization at depth enhance the prospectively of the NW Extension target.  This target will be evaluated for future drilling.
Assay results on hole A-10-76 drilled on the North Lead Anomaly are still pending.
Canada Zinc Metals has implemented a rigorous quality assurance/quality control program at the Akie property using best industry practices. The program includes chain of custody of samples from drill to laboratory. All drill core is logged for geology, structure, mineralization, RQD and photographed. Sections of sulphide mineralization are marked for sampling with a series of standards, duplicates and blanks inserted into the sample stream for QA/QC purposes.  Samples are split by a diamond saw, tagged and bagged and forwarded to Acme Analytical Laboratories Ltd. of Vancouver, B.C. for analysis.  All remaining drill core is stored at the Akie exploration camp.
About the Akie Property
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 during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization (Cardiac Creek deposit).  The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian ‘Gunsteel’ formation.  The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off grade). 
Two similar deposits, Cirque and Cirque South Cirque, located some 20 km northwest of Akie and owned under a joint venture by Teck Resources and Korea Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory in excess of 50 million tonnes (not 43-101 compliant) grading  approximately 10% combined zinc + lead.
In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property (Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies.
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. 

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