Showing posts with label Teck Resources. Show all posts
Showing posts with label Teck Resources. Show all posts
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Monday, August 03, 2015
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Wednesday, October 23, 2013
Canada Zinc Metals: New Discovery of SEDEX Mineralization at Akie East Panel Positive Channel Sample Results from Sitka Showing CZX.v, TCK, LUN.to
One more junior is coming back to life: Canada Zinc Metals announces very encouraging results from its exploration program with drill results pending. Few weeks ago CZX.v has made a very impressive deal with Teck for exploration on its vast properties around the known Zinc and Lead deposits. Teck has taken a small financing at CAD0.40, which was a double of the market price at that time.
Financial Times reports today that investors are coming back to Zinc Story and it helps to know that Chinese Giant Tongling Non-Ferrous and Lundin Mining are among Canada Zinc main shareholders.
More than 2m tonnes of new supply is needed by 2016. There is a real shortage of quality projects in the pipeline which are anywhere near ready for production
- Daniel Maté, Glencore Xstrata
Canada Zinc Metals Announces Option Deal on Kechika Regional Project – Pie, Cirque East and Yuen Properties
China M&A: Canada Zinc Metals Files Revised NI 43-101 Mineral Resource Estimate Report for the Cardiac Creek Deposit CZX.v, LUN.to
Canada Zinc Metals Announces New Discovery of SEDEX Mineralization at Akie East Panel - Positive Channel Sample Results from Sitka Showing
Vancouver, British Columbia CANADA, Oct 23, 2013 (Filing Services Canada via COMTEX) -- Canada Zinc Metals Corp. (CZX - TSX Venture), is pleased to provide an update on the Company's recently completed exploration program conducted on the Akie project and on several of the Kechika Regional properties.
The 2013 exploration program had two main objectives: 4,000 metres of diamond drilling on the Akie property and completion of the airborne Versatile Time Domain EM (VTEM) geophysical survey over the entire Kechika Regional claim package, including the Pie, Yuen and Cirque East properties recently optioned to Teck Resources (see press release dated September 9, 2013).
The Akie property is the Company's flagship exploration project and host to the Cardiac Creek SEDEX Zn-Pb-Ag deposit. The Kechika Regional Project, represented by a series of property blocks including Pie and Mt. Alcock, extends northwest from the Akie property for approximately 140 kilometres covering the highly prospective Gunsteel Formation shale. The southernmost project boundary is located approximately 260 kilometres northwest of the town of Mackenzie, in northeastern British Columbia, Canada.
2013 Exploration Update
The Company is pleased to report the 2013 Exploration Program has been successfully concluded and all field crews and drill equipment have been safely demobilized from the property.
Diamond Drilling:
The final hole of a planned nine-hole diamond drill program on the Akie property was recently completed on the SE Zone at its intended target depth. The drill program began with two holes on the West Akie GPS Zone; followed by one hole each on the North Lead and South Zinc Anomalies. Specific targets were tested on the Cardiac Creek deposit with a total of 2,350 metres drilled in four holes.
Approximately 4,855 metres were drilled this season and over 1,350 drill samples were collected including QA/QC samples. The samples have been shipped to Acme Analytical Laboratories in Vancouver, BC, Canada and results are pending. Samples were collected in accordance with accepted industry standards and procedures and routine QA/QC analysis is conducted on all assay results, including the systematic utilization of certified reference materials, blanks and duplicate samples.
Airborne VTEM Survey:
Earlier in the season, the Company completed a comprehensive airborne geophysical survey over the remainder of the Kechika Regional properties using Geotech Ltd.'s Versatile Time-Domain Electromagnetic (VTEM) system. The primary goal of the survey was to obtain lithological and structural information near surface and at depth across the properties, as well as define geophysical responses for Gunsteel shale stratigraphy. A total of 2,795 line kilometres were flown. The final dataset has now been received and is currently being reviewed. An interpretative report is planned for completion in late fall.
The Company had successfully completed 1,526 line kilometres of VTEM coverage over the Akie, Pie and Mt. Alcock properties in 2012. The combined 2012 and 2013 surveys provide complete airborne VTEM coverage over the Company's entire Kechika Trough mineral tenure holdings. This represents a total of 4,321 line kilometres of survey at a nominal line spacing of 200 metres or better, spanning over 140 kilometres of strike length of prospective Gunsteel Formation stratigraphy, the known host to SEDEX Zn-Pb-Ag deposits in the Kechika Trough district.
Geochemical Surveys:
Several significant new soil anomaly trends have been identified, including a prominent linear silver anomaly downslope of the newly discovered Sitka showing on the Silver Creek grid, and a large multi-element Pb-Ag-Zn-Tl anomaly on the West Akie Grid.
Channel and grab sampling on and along-strike of the Sitka Showing has produced significant grade zinc-lead-silver-barite results indicative of a new SEDEX horizon on the eastern Akie panel. Significant channel assay results to-date from Sitka sampling include 5.1% Zn over 0.7 metres from Channel 1, 1.9% Zn over 0.8 metres from Channel 5, and 0.9% Zn, 1.6% Pb & 4014 ppb Ag over 2.4 metres from Channel 3. Grab samples taken along strike of the main showing returned high grade zinc-lead values including 43.55% Zn and 48.95% Pb. The true width, strike extent and depth dimension of the Sitka showing is unknown due to poor exposure at the location. More detail is provided below.
Peeyush Varshney, President and CEO of Canada Zinc Metals, commented, "This discovery confirms the presence of SEDEX related mineralization at a previously unknown horizon on the East Akie panel. The results are very encouraging given the high grade nature of the zinc-lead mineralization in channel and grab samples and the fact that the mineralization is open in all directions and within favourable stratigraphy. This is an exciting new discovery of SEDEX mineralization of a style known elsewhere in the Kechika Trough."
Targeted ground exploration was also completed earlier in the season, including mapping, prospecting and the collection and analysis of over 2,400 soil samples. Geological mapping and prospecting was completed on several select targets on the Akie property; as well as several promising areas on the Weiss, Kwad and Mt. Alcock properties. A total of approximately 24 km2 of area has been systematically evaluated in the West GPS area and on the Eastern Akie panel.
Soil samples were taken from four separate soil grids on the Akie property (covering an aggregate of 24 km2) and from two soil grids on the Mt. Alcock property (covering an aggregate of 5 km2). All analytical results have now been received.
Sitka Showing
Earlier in the season, prospecting and mapping discovered the Sitka showing, a vein or fault structure hosting massive barite and abundant coarse grained galena and sphalerite that measures at least 6.0 metres wide at surface. A secondary parallel structure is located 10 metres to the northeast and measures approximately 3.0 metres wide. The showing is located within the East Akie panel and is associated with the thrust contact between the Earn Group shales and the underlying but over-thrusted Silurian Siltstones and Kwadacha Limestone.
Mapping and channel sampling has identified a NW-SE trend to the zone with an apparent NE dip. The mineralization is characterized by massive barite hosting clots or disseminations of coarse grained galena and red brown sphalerite. Locally the structure is brecciated and is associated with barite-quartz +/- carbonate veining especially along its contacts with the host rocks (shale/siltstone). The parallel structure found to the northeast is similar in style and character as the primary structure. Additional soil sampling was completed in the vicinity of the showing to tie into the main soil grid.
Results from the channel sampling have now been received and are outlined in the table below. A total of 23 samples were taken from 7 channels cut perpendicular to the NW-SE trend of the structure. The aggregate length of the channels ranged from 1.3 to 5.1 metres with an average line spacing of about 3.5 metres. Material was sampled from within the barite Zn-Pb sulphide structure as well as the overlying Silurian Siltstone and the underlying black shale of the Earn Group. All samples returned anomalous to highly anomalous Ba and Zn ?Pb ?Ag values indicating mineralization extends beyond the structures themselves into the surrounding host rocks. Significant zinc values included assays ranging from 1.04% to 5.12%. Lead and silver geochemical values were variable ranging up to >10,000 ppm and 9,442 ppb respectively. Lead assays returned values up to 3.72%.
---------------- --------- ----------- ----------- ----------------------------
Channel Length Zn ppm Pb ppm Including
# (m)* Geochem** Geochem** (weighted ave. assays***)
---------------- --------- ----------- ----------- ----------------------------
Channel 1 1.4 8663 280.7 5.1% Zn over 0.7m
---------------- --------- ----------- ----------- ----------------------------
Channel 2 1.6 5203 6350 0.6% Zn & 1.8% Pb over 1.0m
---------------- --------- ----------- ----------- ----------------------------
Channel 3 5.1 7941 2174 0.9% Zn & 1.6% Pb &
4014 ppb Ag over 2.4m
---------------- --------- ----------- ----------- ----------------------------
Channel 4 2.1 1259 1618
---------------- --------- ----------- ----------- ----------------------------
Channel 5 2.4 7222 144 1.9% Zn over 0.8m
---------------- --------- ----------- ----------- ----------------------------
Channel 6 1.8 6835 34
---------------- --------- ----------- ----------- ----------------------------
Channel 7 1.3 4180 19
---------------- --------- ----------- ----------- ----------------------------
* Channel sampling intercepts are sample lengths and further work is required
to determine true widths.
** Weighted averages calculated using uncut geochemical results.
***Weighted averages calculated using uncut assays.
In addition to the Sitka sampling, a total of 38 grab samples were taken including 13 samples that exceeded >10,000 ppm zinc and 6 samples that exceeded >10,000 ppm lead (see table below).
These 13 samples were re-run for assay and returned values of Zn and Pb that ranged from 1.6% to 43.55% and 2.2% to 48.95%, respectively. All 13 samples are also anomalous in Ag. These samples were collected either in the immediate vicinity of the Sitka showing or along strike to the south east, at or near the contact between Earn Group shale and the Kwadacha Limestone/Silurian Siltstone, representing a collective strike length of over 2.1 kilometres.
The discovery of SEDEX style mineralization in this locale will provide impetus
for more focused exploration on the largely under-explored eastern half of the Akie property. Results from mapping and surface channel sampling at Sitka are encouraging and the Company is assessing the significance of the data in a regional context to better define potential drill targets.
Silver Creek & South Zinc Grids (Akie)
To better define the South Zinc soil anomaly and evaluate the eastern half of the Akie property, an extensive soil sampling program was executed with over 1,000 samples being collected. The results of this program have clearly defined the boundaries of the South Zinc anomaly, a prominent Zn-Pb soil anomaly measuring 2.25 kilometres long and 600 metres wide. The South Zinc anomaly is located to the southeast of the Cardiac Creek deposit on the eastern side of Silver Creek. The north eastern corner of the anomaly was the target of drill hole A-13-103 (results pending).
The Sitka showing as discussed above is associated with a strong, NW-SE trending open-ended Ag soil anomaly with values consistently exceeding 5,000 ppb and ranging up to 15,765 ppb. This anomaly is situated just below the Gunsteel Formation shale to Silurian siltstone/Kwadacha limestone contact and occurs along a SW facing slope. The anomaly currently measures 1.4 kilometres long and 300 metres wide and appears to be associated with another anomalous Ag trend located 1 kilometre along strike to the southeast. These anomalies are also associated with anomalous values of Zn, Pb, Tl, and Ba. Additional soil sampling, prospecting and mapping will be required to fully evaluate the Sitka showing and the associated soil anomaly.
West Akie Grid
The 2012 VTEM survey over the Akie property identified a well-defined NW-SE oriented EM anomaly along strike of the GPS bedded barite showing. Mapping in 2013 identified Earn Group black shale coincident with the EM trend and soil sampling across this trend has now identified a prominent northwest trending Pb-Tl-Mo ? Zn-Ba-Ag soil anomaly. This soil anomaly roughly measures 1.3 kilometres long by 300 metres wide. The mapped Earn Group black shale represents a continuation of the Western Panel of Earn Group stratigraphy that is host to the GPS bedded barite showing, the West Pie target area and ultimately the Cirque deposit situated approximately 18 kilometres to the northwest. The spatial relationship of the anomaly, oriented perpendicular and located directly to the SW of the Cardiac Creek deposit, is suggestive of a thrust repeat of Cardiac Creek stratigraphy. However, this tentative interpretation will have to be evaluated in context with the recent mapping to determine its significance and potential as a future drill target.
Mt. Alcock Property
A total of 615 soil samples were taken on the NW and SE extensions to the main soil grid to test EM trends identified by the 2012 VTEM survey. The EM trends appear to represent strike extensions of known occurrences of Gunsteel Formation shale. The 2013 sampling expanded the strike extents of the NW-SE trending Pb-Zn soil anomaly that corresponds to the main barite showing originally outlined by historical soil sampling. The anomaly now extends over a distance of 3.25 kilometres with an approximate width of 600 metres. The anomaly is coincident with mapped Gunsteel Formation shale and its central core overlies the massive barite occurrence that has been the focus of limited historical diamond drilling. Along strike to the southeast, a discrete Pb-Zn-Tl soil anomaly that measures approximately 1 kilometre long and 200 metres wide is situated along the edge of one of the EM trends. Mapping in the immediate area was unsuccessful in finding any outcrops of Gunsteel Formation shale due to vegetative cover. This new anomaly will be evaluated in the coming months.
Hydrogeochemistry
In addition to the soil sampling program, a comprehensive hydrogeochemistry barium sulphate survey was completed on the underexplored area northwest of the Mt. Alcock property including the Weiss and the Kwad properties. Nearly 200 samples were collected from selected primary, secondary and tertiary streams. Colourimetry and trace metal analysis are pending from Acme Analytical Labs of Vancouver, BC. Initial results from field testing have identified several prominent anomalous trends from the Kwad and Weiss properties.
The Akie Zn-Pb-Ag Project
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 by Canada Zinc Metals since 2005 has identified a significant body of baritic-zinc-lead 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 at Cardiac Creek, 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).
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"
_____________________________
PEEYUSH VARSHNEY, LL.B
CEO & CHAIRMAN
To view the press release as a PDF file, please click on the following link:
Source: Canada Zinc Metals Corp. (CZX - TSX-V)"
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Tuesday, July 24, 2012
China M&A: Canada Zinc Metals - Update on Akie and Kechika Regional Projects – 2012 Exploration Program CZX.v, LUN.to
China M&A: Canada Zinc Metals - Akie Targets Upcoming Zinc Shortage CZX.v, LUN.to
"With announced today China Central Bank's Rate Cut - it is time to revisit what actually Chinese companies are buying now in the resource sector."China M&A: Canada Zinc Metals - Bob Moriarty: How to Unscramble an EGG CZX.v, LUN.to
"Canada Zinc Metals has seen some activity last couple of days - Bob Moriarty thinks that it is cheap now. We can not argue here - all juniors have been beaten into the dust lately, but not all of them will rise again. You need solid projects and team, which is able to develop them. Tongling Nonferrous from China with 36% in Canada Zinc Metals and Lundin Mining are good company to navigate the recent market.
Interestingly enough, the company has renewed its "poison pill" plan couple of weeks ago."
China M&A: Canada Zinc Metals Files Revised NI 43-101 Mineral Resource Estimate Report for the Cardiac Creek Deposit CZX.v, LUN.to
In our big picture view, when Energy Transition will be the major driver for the next phase of the economic development, Copper and Zinc will play a very important role as well.
"Electric Cars produce the one life time opportunity for China now - do not get us wrong, not everything is driven by the ancient wisdom of "The Art Of War", but just look at what people are doing and not what they are talking about. It is the most apparent situation in the strategic commodities markets - Rare Earths are already controlled by China, Graphite is under the siege and Lithium is the next frontier. Despite all noise in the media, China is steadily implementing its 12th Five Year Plan - to build the new strategic industry based on Electric Cars."
"Electric Cars produce the one life time opportunity for China now - do not get us wrong, not everything is driven by the ancient wisdom of "The Art Of War", but just look at what people are doing and not what they are talking about. It is the most apparent situation in the strategic commodities markets - Rare Earths are already controlled by China, Graphite is under the siege and Lithium is the next frontier. Despite all noise in the media, China is steadily implementing its 12th Five Year Plan - to build the new strategic industry based on Electric Cars."
"Highlights of the updated mineral resource are as follows:
- Indicated resource of 12.7 million tonnes of 8.38 % Zn, 1.68% Pb & 13.7 g/t Ag at 5% Zn cut-off
- Inferred resource of 16.3 million tonnes of 7.38% Zn, 1.34% Pb & 11.6 g/t Ag at 5% Zn cut-off
- 23% increase in overall tonnage compared to the previous (2008) estimate
- Upgrade of 44% of the total resource into the indicated category"
China M&A: Canada Zinc Metals Corp - Akie Property Updated Resource Estimate
"Canada Zinc Metals has come out with another great exploration results, deposit has all chances to grow further. Stock was moving Up strongly from the recent lows couple of months ago fueled by this drill program expectations and constant rumours about Chinese consolidation. Chinese giant Tongling Nonferrous holds 36% in the company and the only question left is when they will move to increase their stake. Lundin Mining keeps all its options open with the strategic stake in the company - these two companies can easily make this Canadian region play into one of the largest Zinc and Lead mines in the world. We can talk about the magnitude of 100 million tons Zinc and Lead above 5% grade combined after consolidating the Korea Zinc and Teck Resources J/V property in the region.
In our small interconnected world Canada Zinc Metals holds strategic stake in TNR Gold with its Lithium, Rare Earths and, now - Iron Ore projects. The most intriguing part is Los Azules litigation TNR Gold vs Minera Andes with more than Half of this "Big Copper deposit in Argentina" at stake now. One day, after Canada Zinc Metals acquisition, Chinese Tongling can be knocking together with TNR Gold on the Minera Andes and US Gold door after their merger."
Update on Akie and Kechika Regional Projects – 2012 Exploration Program
Vancouver, British Columbia, Canada – Monday, July 23, 2012 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) (“Canada Zinc Metals” or the “Company”) is pleased to provide an update 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 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 is located approximately 260 kilometers north-northwest of the town of Mackenzie, in northeastern British Columbia, Canada. The Company has been engaged in ongoing discussions with both the Tsay Keh Dene and Kwadacha First Nations communities that are located at the northern end of the Williston Lake Reservoir. At this time the two communities and the Company have entered into an interim agreement reflected in a Letter of Understanding. The objective over the coming months will be to conclude a formal agreement between the three parties. Canada Zinc Metals remains committed to maintaining a strong beneficial relationship with the two communities in the region. The Akie Zn-Pb-Ag Project The Company recently published a NI 43-101 report that provided an updated mineral resource calculation for the Cardiac Creek deposit. This report, authored by Robert Sim, P. Geo, is filed on SEDAR (www.sedar.com) and outlined an indicated resource of 12.7Mt of 8.38% Zn, 1.68% Pb, 13.7g/t Ag and an inferred resource of 16.3Mt 7.38% Zn, 1.34% Pb, 11.6g/t Ag. In response to the report, a delegation from Tongling Nonferrous Metals Group Holdings Co. Ltd., a major shareholder of Canada Zinc Metals, recently visited the Akie property to review ongoing exploration and infrastructure developments on the Cardiac Creek deposit. The Tongling delegation was very pleased with progress to-date and met with Company management to discuss further potential business developments. In preparation for underground exploration, a construction program to upgrade the portal access trail and finalize the preparation of the portal site and the waste rock dump was initiated in the fall of 2011. This was largely completed; with a 4 to 6 week program this season expected to complete the balance of the outstanding work. Environmental monitoring and baseline studies will continue throughout the summer months. The 2012 Exploration Program The 2012 exploration program is anticipated to primarily focus on the southern Kechika Regional properties following up on the recommended work proposed in the two recently published NI 43-101 reports on the Pie and Mt. Alcock properties. A prospecting, mapping, and geochemistry program is being planned on the Pie and Mt. Alcock properties to follow up on promising showings and extend soil geochemical anomalies defined in the 2011 field season. The work in 2012 is designed to improve drill target definition on both properties. In addition, prior to finalizing any subsequent drill targets on the Pie property, a review and possible resampling of the 2006 drill core may be conducted. To further enhance the understanding of the prospectivity of the Pie, Mt. Alcock and Akie properties, an airborne time-domain EM geophysical survey is being considered that was recommended in the recently published NI 43-101 reports for both the Pie and Mt. Alcock properties. A review of the historical geophysical data conducted over the Akie deposit and elsewhere in the Kechika Trough, indicates that this method should effectively delineate geology and structure. Furthermore, an earlier EM survey conducted over the Akie property appeared to obtain a geophysical response from the Cardiac Creek horizon, differentiating it from the carbonaceous to graphitic Gunsteel Formation shale host rocks. This initial survey was isolated to a few clustered lines and very limited in scope however it strongly suggests that SEDEX style mineralisation can be identified using this technique. Also, preliminary testing of drill core samples from the Cardiac Creek horizon demonstrated that the orebody is conductive. The proposed survey will cover the Pie, Mt. Alcock and Akie properties with a 200 metre spaced grid. Areas of interest will have detailed coverage with infill lines being flown at 100 metre spacing. The information obtained over the Cardiac Creek deposit will be used to calibrate a geophysical SEDEX model and will be applied to the remainder of the survey areas to identify targets for follow up ground work or possible drilling. This type of geophysical survey has been successfully utilized in helping Teck Resources define its world class Red Dog deposit in Alaska. Towards the end of the 2011 exploration season a baseline water geochemistry survey was completed on the Pie and Akie properties to test for the presence of increased amounts of sulphate in the water column down-stream of known mineralized occurrences. Samples collected downstream of the Cardiac Creek showing (the surficial representation of the Cardiac Creek deposit) and the GPS bedded barite showing returned elevated to highly anomalous amounts of sulphate. This survey will be expanded upon in 2012 to cover all major rivers, creeks and stream draining from the Akie property north to the Mt. Alcock property. To assist the Company’s exploration efforts on the Kechika Regional Project, the project area has been sub-divided into 10 major property blocks including Pie and Mt. Alcock. They are, from northwest to southeast, Thro, Saint, Driftpile South, Bear/Spa, Weiss, Kwad, Mt. Alcock, Yuen, Cirque East and Pie. Compilation of the historical exploration work is well underway on all properties. This compilation effort will endeavor to digitize all information regarding geology, geochemistry, geophysics, drilling and other pertinent data. This work is largely complete on the Pie, Mt Alcock and Akie properties and a preliminary review and compilation of the historical data from the properties northwest of Mt. Alcock has also been completed. One of the more significant prospects to the north of Mt. Alcock is the Bear prospect, located on the Bear/Spa property block, southeast of Teck’s SI property. Historical drilling on the Bear prospect includes 15 drill holes totaling a minimum of 1,578.80 metres (6 drill holes were not reported in assessment work). This work defined a stratiform lead-zinc-silver-barium enriched horizon hosted within the Gunsteel Formation shale, with an approximate strike length of 800 metres, which appears to be open ended. Encouraging results were obtained from historical drilling, with 6.7 metres (true width) of 3.95% Zn+Pb and 26 g/t Ag in drill hole B-80-02; and 4.4 metres (true width) of 3.45% Zn+Pb and 2.5 g/t Ag in drill hole B-80-01. Individual samples from the drilling demonstrate high grade tenor, with results reaching up to 8.06% Zn, 1.6% Pb and 47.5 g/t Ag in B-80-01; and 10.70% Zn, 5.73% Pb and 52.5 g/t Ag in B-80-02. Drilling conducted by Teck Exploration Ltd in the mid 1990’s continued to intersect encouraging results, including 6.84% Zn in B-95-14 and 2.27% Zn in B-95-15; some 400 metres to the northwest of the initial drilling. Continued examination of this data is required to determine the viability of the Bear prospect for further exploratory drilling. Continuation of the compilation work will enhance the Company’s decision making ability allowing it to focus on high priority targets present on the individual properties and identify areas that are underexplored for SEDEX and possible Nick (Ni, Zn, Mo) style mineralisation. As part of the Company’s obligation under its Road Use Agreement and Road Use Permit it will be funding repairs and maintenance in a joint project with Canfor (major logging company). Repairs will be made to a few bridges leading to and allowing access to the Akie property. This work is expected to be completed by the end of July. 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” PEEYUSH VARSHNEY, LL.B CEO & CHAIRMAN |
Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.
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