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Mining Explorers 2013: Canada Zinc Metals Corp.

 

Last updated 11/3/2013 at Noon



CZX: TSX-V

Chairman, President and CEO: Peeyush Varshney

Vice President Exploration: Ken MacDonald

Director: Henry Giegerich

Canada Zinc Metals Corp. is focused on the Akie and Kechika Regional projects in northeastern British Columbia.

The flagship Akie property hosts the Cardiac Creek Sedex zinc-lead-silver deposit.

The Kechika regional project, represented by a series of property blocks including Pie and Mt. Alcock, extends northwest from the Akie property for about 140 kilometers (87 miles) covering the highly prospective Gunsteel Formation shale.

The company has outlined a NI 43-101-compliant mineral resource at Cardiac Creek, including an indicated resource of 12.7 million metric tons grading 8.4 percent zinc, 1.7 percent lead and 13.7 grams per metric ton silver (at a 5 percent zinc cut-off grade) and an inferred resource of 16.3 million metric tons grading 7.4 percent zinc, 1.3 percent lead and 11.6 g/t silver (at a 5 percent zinc cut-off grade).

In July, the company commenced 2013 exploration with two main objectives, diamond drilling up to 4,000 meters in 10 holes on the Akie property; and expanding a 2012 airborne VTEM survey that was completed over the Akie, Pie and Mt. Alcock properties.

The program on Akie includes soil sampling and detailed mapping of several geophysical anomalies identified in 2012.

Recent geological mapping and prospecting has discovered a new zone of surface Sedex mineralization on the eastern Akie property.

Canada Zinc also formally signed a tripartite exploration cooperation and benefit agreement with the Kwadacha and Tsay Keh Dene First Nations The agreement covers all exploration and related activities on the Akie property, which is a shared area within the respective traditional lands of the Tsay Keh Dene and the Kwadacha.

In August, the company said it received a three-year extension to 2017 of its Akie underground exploration permit.

Cash and short-term deposits: C$2.6 million (May 31, 2013)

Working capital: C$2.7 million (May 31, 2013)

Market capitalization: C$37 million (Aug. 27, 2013)

Suite 2050 - 1055 West Georgia Street

PO Box 11121, Royal Centre

Vancouver, B.C.

Canada, V6E 3P3

Tel: 604- 684-2181

Fax: 604- 682-4768

http://www.canadazincmetals.com

 

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