Business
Canada Zinc Metals Reports Commencement of Exploration at the Akie Project
Jun. 14, 2011 (Filing Services Canada) -- Canada Zinc Metals Corp. (CZX - TSX Venture), is plea...
About this update from Zincx Resources Corp.
[{"type":"text","content":"\nCanada Zinc Metals Reports Commencement of Exploration at the Akie Project\n\n Jun. 14, 2011 (Filing Services Canada) -- Canada Zinc Metals Corp. (CZX - TSX Venture), is pleased to announce that diamond drilling has commenced on its 100% owned Akie property, which hosts the Cardiac Creek SEDEX Zn-Pb-Ag deposit. The property is located approximately 260 kilometers north-northwest of the town of Mackenzie, in northeastern British Columbia, Canada. Exploration permits were received mid-May and exploration crews, a heli-portable diamond drill and a helicopter were mobilized to the Akie camp on June 4th. Drilling commenced on  June 8th. The 2011 drilling program will continue to  explore for additional Zn-Pb-Ag mineralization on strike from the Cardiac Creek deposit, both to the northwest and southeast. The target areas include the North Lead Anomaly, the NW Extension and SE Extension. Drilling on the NW Extension will test the SEDEX style Zn-Pb-Ag mineralization encountered in A-10-69, which intersected 18.5m of thickly bedded pyrite and minor  sphalerite, including 12.4m of 0.9% combined Zn+Pb & 2.7 g/t Ag. The style of mineralization  encountered in A-10-69 is strikingly similar to the Cardiac Creek deposit. It is anticipated that this mineralization will continue to develop along strike and down-dip, as observed at the Cardiac Creek deposit. In addition, drilling will test the Zn-Ni mineralization encountered in A-10-72, which intersected 1.17m of 2.69% zinc & 0.60% nickel, and returned anomalous values in Au, Pb, Cu, Mo, Sb & other elements. This style of mineralization is similar in nature to the Zn-Ni-PGE mineralization of the Nick deposit in the Yukon. This intersection may represent the first known occurrence of Nick style mineralization within the Kechika Trough.The North Lead Anomaly remains a high priority target on the Akie property. Drilling will test the down-dip and strike extents of the large intervals of interbedded Gunsteel Formation shale & thickly bedded pyrite mineralization encountered in A-10-68 and A-10-76. These holes returned highly anomalous Zn with values reaching 2.1%.  Mineralization from this zone occurs at the same stratigraphic horizon and is similar in nature to the proximal style pyrite mineralization of the Cardiac Creek deposit. Drilling will be...