Canada Zinc Metals Reports Further on Current
Activities on the Akie Project
Vancouver,
British Columbia, Canada - Wednesday, April 6, 2011 - Canada Zinc Metals Corp.
(TSX Venture Exchange: CZX) is
pleased to provide an update on current activities on its 100% owned Akie property, which includes the Cardiac Creek SEDEX
zinc-lead-silver deposit.� The property
is located approximately 260 kilometers
north-northwest of the town of Mackenzie
in northeastern British Columbia,
Canada.�
An
update to the current Cardiac Creek geological model and inferred resource are
well underway along with plans to commence a Preliminary Economic Assessment of
the Cardiac Creek deposit which will provide a decision-making tool to advance
orderly development. Permits applications have been submitted for multi-year
surface drill programs for the Akie property, and for
the Pie and Mt. Alcock properties, which make up
part of the large Kechika regional claim group.� Drill and helicopter tendering is underway
with contracts expected to be finalized over the coming month. Final plans
regarding the 2011 surface exploration program will be made in the coming
weeks, once permits are in hand and drill and helicopter crews are confirmed.
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.
Ken MacDonald P.Geo.,
Vice President of Exploration, is the designated Qualified Person as defined by
National Instrument 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�
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pEEYUSH vARSHNEY, LL.B
CEO & CHAIRMAN