SG:Canada Zinc Metals update on Akie Zn-Pb-Ag Project
Canada Zinc Metals Corp provide an update on the Akie project. The Akie property is the Company's flagship exploration project and is host to the Cardiac Creek SEDEX Zn-Pb-Ag deposit, located approximately 260 kilometers north-northwest of the town of Mackenzie, in northeastern British Columbia, Canada.
During 2011, Canada Zinc Metals completed another successful exploration program on the Akie property. A total of 6 diamond drill holes (A-11-92, A-11-93, A-11-95, A-11-96, A-11-98 and A-11-99) were completed on the Cardiac Creek deposit. These holes provided important infill information both up and down-dip of previous holes; and allowed several tests of the strike extent of the high grade trend along the southeastern edge of the deposit. Results from 4 of 6 holes were released in the Company's December 5th and December 28th news releases. The results from the final two holes will be released shortly after all assays have been received and analyzed. Results from 2011 drilling indicate that the mineralization of the deposit remains open to the southeast, to the surface and towards the Cardiac Creek showing, allowing for further expansion of the deposit.
Update of Mineral Resource Estimate Initiated
The company is pleased to announce it has re-engaged SIM Geological Inc. of Delta, BC, to update the Cardiac Creek NI 43-101 compliant block model and recalculate the mineral resource incorporating drill data from 2008, 2010 and 2011. The current inferred mineral resource estimate was released as part of the Technical Report published in 2008, entitled “Technical Report: Geology, Diamond Drilling and Preliminary Resource Estimation, Akie Zinc-Lead-Silver Property, Northeast British Columbia, Canada”, dated May 31st 2008.
The current inferred mineral resource, as reported in Table 14 of the Technical Report, at a 5% Zn cut-off grade, is 23.6 million tonnes at 7.6% Zn, 1.5% Pb and 13 gpt Ag.