Since this year’s drill program began in May at Canada Zinc Metals‘ (CZX-V) Cardiac Creek SEDEX zinc-lead-silver deposit on its Akie property, 260 km northwest of the town of Mackenzie in northeastern British Columbia, the company has completed six holes and received assay results for four, including the previously reported holes A-11-92 and A-11-93 and new results from A-11-95 and A-11-96.
The holes provide infill information both up and down-dip as well as testing the strike extent of the high-grade trend along the southeastern edges of the deposit. Step-out drilling was also conducted to the southeast designed to expand the known limits of the deposit.
Hole A-11-92 returned 6.04 metres of 1.83% zinc, 0.30% lead, 5.43 grams silver per tonne and 2.13% zinc plus lead, including 2.35 metres of 3.41% zinc, 0.58% lead, 7.72 grams silver and 3.99% zinc plus lead. Hole A-11-93 cut 15.22 metres of 6.61% zinc, 1.45% lead, 9.84 grams silver and 8.06% zinc plus lead, including 8.52 metres of 8.60% zinc, 2.02% lead, 11.82 grams silver and 10.62% zinc plus lead.
Hole A-11-95 represents an approximate 100-metre step-out along strike from the high grade intercept in A-11-93 to the southeast and results from this hole demonstrate that the mineralization remains open to the southeast. The hole cut 12.72 metres of 3.98% zinc, 0.61% lead, 6.84 grams silver and 4.59% zinc plus lead, including 3.13 metres of 7.40% zinc, 1.28% lead, 10.13 grams silver and 8.68% zinc plus lead.
Hole A-11-96 returned 26.12 metres of 4.80% zinc, 0.84% lead, 7.7 grams silver and 5.64% zinc and lead, including 13.47 metres of 7.15% zinc, 1.24 grams lead, 11.18 grams silver and 8.39% zinc plus lead, and including 5.28 metres of 8.59% zinc, 1.43% lead, 12.43 grams silver and 10.01% zinc plus lead. The area remains open for further drilling and continued expansion of the deposit towards the surface and the Cardiac Creek showing.
The Akie zinc-lead property lies within the southernmost area (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, Canada Zinc says on its website.
Inmet Mining (IMN-T, IEMF-O) drilled the Akie property from 1994 to 1996 and Canada Zinc has drilled it since 2008. The Cardiac Creek deposit is hosted by siliceous, carbonaceous, fine grained clastic rocks of the Middle to Late Devonian Gunsteel formation.
In 2008 Canada Zinc outlined a National Instrument 43-101 compliant inferred resource for Cardiac Creek totalling 23 million tonnes grading 7.6% zinc. 1.5% lead and 13 grams silver per tonne, which amounts to 3.95 billion pounds zinc, 780 million pounds lead and 8.95 million oz. silver.
About 20 km to the northwest of Cardiac Creek, two similar deposits, Cirque and Cirque South Cirque, are being explored by a joint venture between Teck Resources (TCK.B-T, TCK-N) and Korea Zinc.
In addition to the Akie property, Canada Zinc controls a large contiguous group of claims that make up the Kechika regional project. These claims are underlain by geology identical to that on the Akie property. The Kechika project includes the 100%-owned Mt. Alcock property.
At presstime in Toronto Canada Zinc was trading at 51¢ per share within a 52-week range of 33.5¢-83¢ per share.
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