CANADA ZINC METALS CORP.
FOR IMMEDIATE RELEASE
����������������� info@canadazincmetals.com
2010
Akie Property Diamond Drilling Program Commences
Vancouver, B.C. � Wednesday, June 30, 2010 �
Canada Zinc Metals Corp. (TSX Venture : CZX) (�Canada
Zinc Metals� or the �Company�) is pleased to announce
commencement of the 2010 diamond drill program on its Cardiac Creek SEDEX
zinc-lead-silver deposit on the Akie property.�
The property, owned 100% by the Company, is centered approximately 260 kilometers
north-northwest of the town of Mackenzie
in northeastern British Columbia.
About the 2010
drill program
This program will encompass some 5,000 metres of
drilling, yielding NQ/HQ size core, in up to 9 or 10 drill holes, in two areas
northwest of the known Cardiac Creek deposit. The objectives of the program are
twofold:
�
To test the permissive Gunsteel Formation � Road
River Group stratigraphy present along strike, to the northwest, of the Cardiac
Creek deposit for the continuation of this mineralization and;
�
To further explore the highly prospective North
Lead Anomaly, which is underlain by geology similar to that of the Cardiac
Creek deposit located some 2.2
km to the southeast. Previous drilling has encountered
massive sulphides containing sphalerite and galena (0.8 metres grading 11.6%
zinc and 9.05% lead), sulphide replacement (pyrite, sphalerite and galena) of
an underlying footwall carbonate debris flow and quartz-carbonate alteration of
footwall rocks, all suggestive of proximity to a vent zone.
Rodren
Drilling Ltd. of West St. Paul, Manitoba is the drill
contractor for this work and will provide two helicopter portable, modified
BBS-56 drill rigs and all of the ancillary equipment necessary to complete the
program. During the past three drill seasons on the property, Rodren has
acquired considerable knowledge and experience (17.3 km drilling/36 holes)
and has exhibited a high level of technical and operational competency
The two drill rigs are currently setup on the North Lead
Anomaly and both started drilling on June 29.
�We are very
excited to announce that drilling has commenced again on the Akie property,�
commented Peeyush Varshney, CEO of Canada Zinc Metals.� �A significant program has been planned for
this year and we look forward to keeping our shareholders informed of
developments.�� The quality of our
projects continues to attract the interest of several large base metal mining
companies.�
About the Akie Property
The Akie
zinc-lead property is situated within the southern-most part (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.
Drilling on the Akie property by Inmet Mining
Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005
has identified a significant body of baritic-zinc-lead SEDEX mineralization
(Cardiac Creek deposit).� The deposit is
hosted by variably siliceous, fine grained clastic rocks of the Middle to Late
Devonian �Gunsteel� formation.� The
Company has outlined a NI 43-101 compliant inferred resource of 23.6 million
tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off
grade).�
Two similar deposits, Cirque and Cirque South Cirque,
located some 20 km
northwest of Akie and owned under a joint venture by Teck Resources and Korea
Zinc, are also hosted by Gunsteel rocks and have a combined geologic inventory
in excess of 50 million tonnes (not 43-101 compliant) grading� approximately 10% combined zinc + lead.
In addition to the Akie property, Canada Zinc Metals
Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims
are underlain by geology identical to that on the Akie property (Cardiac Creek
deposit) and Cirque. This project includes the�
100% owned Mt. Alcock property, which has yielded a historic drill
intercept of 8.8 metres
grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences,� and several regional base metal anomalies.
Qualified Person
John R. Fraser, P.Geo. (B.C.), Vice President of
Exploration and a Director of Canada Zinc Metals is the Qualified Person for
the Company, as defined by NI 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