Business
Planning 2010 Akie Exploration Program
Planning 2010 Akie Exploration Program
About this update from Zincx Resources Corp.
[{"type":"text","content":"\nPlanning 2010 Akie Exploration Program\n\n\n Feb. 22, 2010 (Filing Services Canada) -- Canada Zinc Metals Corp. (CZX - TSX Venture), (the \"Company\") is pleased to announce that it is currently in the midst of planning the 2010 exploration program for its flagship 100% owned Akie Property, located in northeastern British Columbia. In general terms, the work being planned will comprise up to 5,000 meters of diamond drilling to test the possible extension of the Cardiac Creek Deposit to the northwest and to further explore the highly prospective North Lead Anomaly; and to continue environmental, geotechnical and archaeological studies which will elevate the project towards advanced exploration status (that may include advanced underground drilling and sampling activities) in 2011. Additional details of the exploration plan, including estimated budget, will be announced once the program is finalized.\"We are very excited to be putting together plans for the 2010 exploration program at Akie,\" stated Mr. Peeyush Varshney, President and CEO of Canada Zinc Metals.  \"We look forward to once again aggressively moving the project forward.\"Significant shareholders of the Company include Tongling Nonferrous Metals Group Holdings Co. Ltd and Lundin Mining Corporation.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 combin...