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Canada Zinc Metals Corp.
Summary
| Project: | Akie | |
|---|---|---|
| Deposit: | Cardiac Creek | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 1/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-1-2018: Canada Zinc Metals Corp. announces a Resource Estimation report for its Cardiac Creek deposit at the Akie project. 15% increase in Indicated resource for the project. Vancouver, British Columbia, Canada –Monday, January 29, 2017 – Canada Zinc M | |
| Resources: | (Resource): 22.7Mt @ 8.32% Zn, 1.61% Pb, 14.1g/t Ag (Ind) at Cardiac Creek | |
| CP/QP: | [Resources]: Robert Sim (Independent) | |
| ABSTRACT: | Vancouver, British Columbia, Canada –Monday, January 29, 2017 – Canada Zinc Metals Corp. (TSX Venture Exchange: CZX) is pleased to announce that the Company has received an updated mineral resource estimate for the Cardiac Creek Zn-Pb-Ag deposit on its 100% owned Akie Project. The new mineral resource estimate incorporated the results of 8 new drill intercepts from the successful 2017 drill program which totaled 4,700 metres. All drill results were previously announced (see website for details). Comparison to Previous Resource The current mineral resource estimate (November 2017) is compared to the previous mineral resource estimate (effective date May 16, 2016, presented in a technical report dated June 28, 2016). The drill holes completed in 2017 encountered similar or slightly thicker intervals of mineralization, with similar or slightly higher zinc, lead, and silver grades compared to the previous drill results. The 2017 drilling increased the area that is delineated with 100 metres spaced drill holes, expanding the extent of resources in the Indicated category in the northwest area of the deposit. Indicated resources have increased by about 3 million tonnes (+15%) compared to the previous estimate with increases in the average grades of zinc, lead and silver. After previously reported Inferred class resources were upgraded to the Indicated category, the 2017 drilling also added about 2.5M tonnes of new resources in the Inferred category, primarily in the northwestern part of the deposit. | |
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