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Canada Zinc Metals Files Revised NI 43-101 Mineral Resource Estimate Report for the Cardiac Creek Deposit
Canada Zinc Metals Files Revised NI 43-101 Mineral Resource Estimate Report for the Cardiac Cr...
About this update from Zincx Resources Corp.
[{"type":"text","content":"\nCanada Zinc Metals Files Revised NI 43-101 Mineral Resource Estimate Report for the Cardiac Creek Deposit\n\nCanada Zinc Metals Files Revised NI 43-101 Mineral Resource Estimate Report for the Cardiac Creek Deposit\nVancouver, British Columbia CANADA, April 30, 2012 /FSC/ - Canada Zinc Metals Corp. (CZX - TSX Venture), is very pleased to announce the filing of the revised NI 43-101 compliant technical report entitled \"NI 43-101 Technical Report, Akie Zinc-Lead-Silver Project, British Columbia, Canada\" dated April 27, 2012, with an effective date of March 14, 2012. This report is authored by Robert Sim, P.Geo., an independent qualified person for the purposes of NI 43-101, and documents the newly reconfigured mineral resource for the Cardiac Creek deposit, situated on the Company's 100% owned Akie property and located in northwestern British Columbia, Canada.\nThe report updates the work done by the Company since May of 2008, the date of the previous 43-101 compliant resource calculation. The new resource results from additional surface diamond drilling completed by the Company during the period mid-2008 to the end of 2011 and further establishes the Cardiac Creek deposit as one of the premier undeveloped zinc-rich base metal projects in the world. The new resource is summarized below.\nCardiac Creek Deposit Mineral Resource\nThe Company has outlined a NI 43-101 compliant mineral resource including an indicated resource of 12.7 million tonnes grading 8.4% zinc, 1.7% lead and 13.7 g/t silver (at a 5% zinc cut-off grade) and an inferred resource of 16.3 million tonnes grading 7.4% zinc, 1.3% lead and 11.6 g/t silver (at a 5% zinc cut-off grade). Using this estimate, the deposit contains 2.4 billion pounds of zinc, 472 million pounds of lead and 5.6 million ounces of silver in the indicated category, and 2.6 billion pounds of zinc, 482 million pounds of lead and 6.1 million ounces of silver in the inferred category (at 5% zinc cut-off).\nCARDIAC CREEK DEPOSIT: MINERAL RESOURCE SUMMARY\n-***-\n-------------------------------------------------------------------------\nCut-off Grade     ktonnes    Zn(%)    Pb(%)   Ag(Gpt)   Combined Zn \n(Zn %)                  &#x...