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Canada Zinc Metals Expands its Kechika Regional Properties
Canada Zinc Metals Expands its Kechika Regional Properties Vancouver, British Columbia CANA...
About this update from Zincx Resources Corp.
[{"type":"text","content":"Canada Zinc Metals Expands its Kechika Regional PropertiesCanada Zinc Metals Expands its Kechika Regional Properties\n\nVancouver, British Columbia CANADA, January 16, 2014 /FSC/ - Canada Zinc Metals Corp. (CZX - TSX Venture), is pleased to announce that it has added additional mineral claims to its 100% owned Kechika Regional Project. The new property, designated Yuen North, lies between and is contiguous with the Mt. Alcock property to the north, and the Yuen property to the south. \n\nThe Yuen property, along with the Cirque East and Pie properties, are the subject of an option agreement entered into with Teck Resources Limited (\"Teck\" TSX: TCK.B) and Korea Zinc Company Ltd. (\"Korea Zinc\"), pursuant to which Teck and Korea Zinc can spend up to $8.5 million to acquire up to 70% interest in the Pie, Cirque East and the Yuen properties. The new Yuen North property is not included in the option agreement. \n\nThe Akie property is the Company's flagship exploration project and host to the Cardiac Creek SEDEX Zn-Pb-Ag deposit. The Kechika Regional Project, represented by a series of contiguous property blocks including Pie and Mt. Alcock, extends northwest from the Akie property for approximately 140 kilometres covering the highly prospective Gunsteel Formation shale. The southernmost project boundary is located approximately 260 kilometres northwest of the town of Mackenzie, in northeastern British Columbia, Canada.\n\nYuen North\n\nThe Yuen North property measures approximately 2,687 hectares and extends claim coverage over an inferred western panel of Gunsteel Formation shale by a strike length of approximately 5 kilometres. The interpreted western panel is along strike of Teck's Cirque deposit located approximately 14 kilometres to the southeast.\n\nThe Yuen North area was coincidently flown this summer by the Company as part of its 2013 VTEM Airborne Geophysical Survey. Preliminary examination of the data shows several strong parallel linear conductive trends similar to the distinctive EM signature of the Gunsteel Formation shale known from the Akie and Pie properties. The conductive trends connect the Yuen property to the Mt Alcock property, adding a collective 15 kilometres of strike extent of the prospective western panel of interpreted Gunsteel Formation shale. \n\nThe conductive trend on Yuen North demonstrates severa...