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Akie Property: Permitting - Extension Granted for Notice of Work
Akie Property: Permitting - Extension Granted for Notice of Work
About this update from Zincx Resources Corp.
[{"type":"text","content":"\nAkie Property: Permitting - Extension Granted for Notice of Work\n\n\n Nov. 24, 2009 (Filing Services Canada) -- Canada Zinc Metals Corp. (CZX - TSX Venture), is pleased to report that the Notice of Work approved on November 20, 2007 by the Ministry of Energy, Mines and Petroleum Resources authorizing road construction and diamond drill activities on the Akie Property has been extended for a period of two years until December 31, 2011.  The Akie Property, which encompasses the high-grade Cardiac Creek zinc-lead-silver deposit, owned 100% by the Company and unencumbered by any royalty, is centered approximately 245 kilometers north-northwest of the town of Mackenzie in northeastern British Columbia. Issuance of this extension completes the permitting required for the significant 2010 exploration campaign at Akie currently being planned by the Company.  \"We are very pleased to have the extension of the Notice of Work in place.  The Company is anticipating an extensive diamond drilling program next year to test both the northwest continuation of the Cardiac Creek Deposit and the highly prospective North Lead Anomaly,\" commented Mr. Peeyush Varshney, CEO of Canada Zinc Metals.  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 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 (...