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Canadian Zinc Corp.
Summary
| Project: | South Tally Pond | |
|---|---|---|
| Deposit: | Lemarchant | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Copper-Silver-Gold | |
| Date: | 11/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-11-2017: Canadian Zinc Corp. announces an Exploration/Drilling Update report for its Lemarchant deposit at the South Tally Pond project. Drilling results incl. 2.9m @ 10.97% Zn, 0.27% Pb, 1.31% Cu, 28.09g/t Ag, 1.73g/t Au from 201.4m. VANCOUVER, Nov. 1 | |
| Resources: | (Resource): 1.24Mt @ 5.38% Zn, 1.19% Pb, 0.58% Cu, 59.17g/t Ag, 1.01g/t Au (Ind.) at project | |
| CP/QP: | [Overall Report]: Michael J. Vande Guchte (Internal) | |
| ABSTRACT: | VANCOUVER, Nov. 10, 2017 /CNW/ - Canadian Zinc Corporation (TSX: CZN; OTCQB: CZICF) is pleased to report further positive results from its ongoing diamond drill exploration program on the Lemarchant zinc-lead-copper-silver-gold volcanogenic massive sulphide deposit, located on the 100%- owned South Tally Pond project in central Newfoundland. Lemarchant Main Zone Extension Drill Results The 2017 Lemarchant summer drill program focused on further testing and defining the up-dip mineralization discovered during the 2017 winter drill program at the Lemarchant Main Zone. Drillholes LM17-145 and 146 totaling 496 metres targeted additional up- and down-dip extensions to the Lemarchant Main Zone mineralization. LM17-146 intersected 11% zinc over 2.9 metres, up-dip of LM11-66 and extended the massive sulphide horizon by 25 metres in this area. LM17-145 intersected stringer base metal mineralization (footwall) down-dip of LM11-43, where the mineralization appears to be have been displaced by local faulting related to the Lemarchant thrust fault. To date in 2017, the Main Zone has been tested with 32 drillholes and 3 extension drillholes totaling almost 7,500 metres. The 2017 drilling program has successfully extended the Lemarchant deposit up-dip by up to 80 metres over a 200-metre strike length at vertical depths between 120 to 170 metres below surface. "The 2017 drill program at Lemarchant has intersected significant extensions of very good grade base and precious metal massive sulphide mineralization, both up-dip and to the immediate south of the currently defined Lemarchant deposit," stated Mike Vande Guchte, VP Exploration Newfoundland for Canadian Zinc. "The Lemarchant deposit is a sizeable volcanogenic massive sulphide system that remains open for expansion and we look forward to updating the previous Lemarchant resource estimate with the new results." | |
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