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Akie and Kechika Regional Property Mineral Tenures Update
Apr. 21, 2011 (Filing Services Canada) -- Canada Zinc Metals Corp. (CZX - TSX Venture), is plea...
About this update from Zincx Resources Corp.
[{"type":"text","content":"\nAkie and Kechika Regional Property Mineral Tenures Update\n\n Apr. 21, 2011 (Filing Services Canada) -- Canada Zinc Metals Corp. (CZX - TSX Venture), is pleased to provide the following update on the status of the Company's extensive, 100% owned mineral tenures in the Kechika Trough SEDEX zinc-lead district of northeastern British Columbia. Mineral TenuresThe Company's current mineral tenures comprise a large contiguous claim group some 140 km long and encompassing 75,281 hectares, that includes the Akie Property (10,205 hectares) and the contained Cardiac Creek zinc-lead deposit.Canada Zinc Metals recently filed a Statement of Work with the BC Government to record the value of the 2010 exploration program for claim maintenance purposes. The Company is now in receipt of confirmation of acceptance of the filing and is pleased to report the contiguous claim block of 224 claims is now in good standing until December 08, 2021. The claims were pushed out to the maximum allowed date; and the excess expenditures were recorded in the Company's PAC account.The Company has 90 days within which a 2010 exploration report must now be filed that meets the requirements of the Mineral Tenure Act of BC. Preparation of the report is already well underwayThe total applied work value was recorded as $1,806,756 and filing fees totaled $90,420. The Company's PAC account was credited with an exploration expenditure surplus of $3,319,604.About the Akie and Kechika Regional PropertiesThe 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 ...