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Canada Zinc Metals Provides Update on Activities in the Kechika Trough Zn-Pb-Ag District
Canada Zinc Metals Provides Update on Activities in the Kechika Trough Zn-Pb-Ag District Van...
About this update from Zincx Resources Corp.
[{"type":"text","content":"Canada Zinc Metals Provides Update on Activities in the Kechika Trough Zn-Pb-Ag DistrictCanada Zinc Metals Provides Update on Activities in the Kechika Trough Zn-Pb-Ag District\nVancouver, British Columbia CANADA, October 04, 2013 /FSC/ - Canada Zinc Metals Corp. (CZX - TSX Venture), (\"the Company\") is pleased to acknowledge that diversified miner Teck Resources Limited (\"Teck\" TSX:TCK.B) has commenced exploration on the Pie, Cirque East and Yuen Properties recently optioned from the Company in the Kechika Trough Zn-Pb-Ag district.\nThe Pie, Cirque East and Yuen Properties are contiguous to Teck/Korea Zinc Co., Ltd.'s (\"Korea Zinc\" KOSE:A010130) road accessible Cirque deposit which is subject to a 2013 drill program and is located approximately 20 kilometres to the northwest of the Company's Cardiac Creek deposit. Both the Cirque and Cardiac Creek deposits share many similarities including: deposit type (SEDEX), mineralization hosted within the same stratigraphic unit, and considerable exploration potential.\nCanada Zinc Metals Corp. has been actively exploring within the Kechika Trough since 2005 developing the Cardiac Creek deposit and welcomes Teck's presence as a strong endorsement of the prospectivity of the belt.\nTeck maintains a series of claim blocks within the Kechika Trough commonly known as the Cirque, Driftpile, Elf and Fluke properties. Both the Cirque and Driftpile properties host Zn-Pb-Ag mineralization in historical resource estimates, which are not NI 43-101 compliant. The Elf and Fluke properties are prospects hosting Zn-Pb-Ag-Ba mineralization that has been tested by several drilling campaigns. The Cirque, Elf and Fluke properties are jointly owned 50%/50% by Teck and Korea Zinc, whereas the Driftpile property is 100% owned by Teck.\nTeck's properties, covering approximately 17,480 hectares, are situated adjacent to and surrounded by the Company's claims that cover over 78,500 hectares. Together, the claim holdings controlled by the two entities cover prospective rocks representing a strike length of 176 kilometres throughout the Kechika Trough. As a result the Company and Teck (and their JV partner) effectively control 100% of the Kechika Trough Zn-Pb-Ag district\nPeeyush Varshney, President and CEO of Canada Zinc Metals, states \"We believe there is a looming zinc shortage which will arrive in the nea...