Canada Zinc Metals Announces the Completion of the 2016 Pie Option Exploration Program
FOR IMMEDIATE RELEASE
Contact: Investor Relations Tuesday, February 14, 2017
Phone (604) 684-2181 (No.2017-02-02)
Canada Zinc Metals Announces the Completion of the
2016 Pie Option Exploration Program
Vancouver, British Columbia, Canada – Tuesday, 14 F ebruary, 2017 – Canada Zinc Metals Corp.
(“Canada Zinc” or “the Company”, TSX Venture Exchan ge: CZX) is pleased to announce that Teck
Resources Limited (“Teck” TSX: TECK.B) has completed the 2016 exploration program on the Pie Option
Properties and has demobilized from the site.
2016 Pie Option Exploration Program
Teck has concluded the 2016 exploration program on the Pie Option Properties for the season. Field work
included mapping, prospecting, soil sampling and gr ound geophysics which continued to advance and
refine ranked drill targets across the three option properties. A single drill hole was completed late in the
season and encountered favorable Gunsteel shale str atigraphy approximately one kilometre west of
previous historical drilling on the Pie Main prospe ct. The exploration program was based out of Teck’s
Cirque exploration camp situated on the banks of th e Paul River and located approximately 20 kilometre s
northwest of the Company’s flagship Akie property.
Pie Option Properties
Teck’s progressive and integrated exploration strategy has identified a number of top-ranked drill tar gets
across the three optioned properties and work in 2016 continued the evolution of target definition.
The 2016 field program objectives included:
• Geological mapping and prospecting at 1:10,000 sca le.
• Collection of rock and portable XRF (pXRF) chip sa mples to assess historic mapping and to better
understand the lithogeochemical signature of prospective stratigraphy on the Pie Option tenure and
to identify possible vectors to mineralization.
• Completion of infill soil surveys at Cirque East, Yuen and Pie to validate historic data, develop
geochemical vector tools, and refine or add to the pipeline of targets.
• Target development and advancement through the exe cution of ground gravity surveys over select
high-rank targets to validate and refine airborne g ravity gradiometry (AGG) results at Pie, Cirque
East and Yuen.
• Follow-up drill testing of a high-rank integrated target on the Pie Option tenure
• Collection of geochemical data (pXRF and whole roc k lithogeochemistry) focused on Earn Group
stratigraphy to characterize the host lithology at Pie, as well as identify Zn-Pb mineralization and
other pathfinder elements that may vector towards more prospective areas.
Results of the field and geophysical program include:
• A total of 21 geological/prospecting traverses cov ering key high-priority target areas on the Pie,
Cirque East and Yuen properties. This work provided a better understanding of the geological
context and spatial geochemical relationships.
• Geological mapping and prospecting identified new mineralisation located on the Cirque East
property and associated rock and chip sampling char acterized the lithogeochemistry of key rock
units (114 whole-rock lithogeochemistry samples; 64 2 pXRF samples) and possible vectors to
additional mineralization at Cirque East.
• The collection of 733 soil samples (including QA/Q C samples) at three priority target areas
confirmed the metal association of Zn-Pb+/-Ag defin ed by historic surveys and identified multi-
element anomalies (Pb, Zn, +/-Ag+/-Hg+/-Tl+/-As+/-Mo) of interest.
• Successful execution of 10 ground gravity survey l ines over targets at Yuen North, Yuen South,
Cirque East, Pie Main and Del North. The results co nfirmed the validity of several small AGG
anomalies.
• Completion of one drill hole to a total of 1,080 m etres depth in favourable Gunsteel formation
stratigraphy. The hole was targeted based on large coincident geochemical and geophysical
anomalies and is located approximately one kilometre west of historical drilling at Pie Main. Assay
results returned nominal values for Zn-Pb-Ag from t wo thick sequences of fine laminar pyrite with
nodular barite. Further modelling and interpretatio n is required to integrate the geological and
gravity data in order to explain the anomaly.
The Company looks forward to the 2017 exploration s eason and will be providing input and assistance in
the planning of Teck’s 2017 exploration program through the joint technical committee.
Pie Option Agreement
The Pie, Yuen and Cirque East properties are the subject of an option agreement concluded on September
9, 2013 with Teck and its JV partner, Korea Zinc Co ., Ltd. ("Korea Zinc" KRX:KorZinc 010130). Under th e
terms of the option agreement, Teck and Korea Zinc can acquire up to a 70% interest in the Pie, Yuen and
Cirque East properties for $8.5 million of cumulative exploration expenditures.
Teck incurred over $1.3 million of exploration expe nditures to the end of 2015 (two field seasons) on the
Pie Option Properties using an integrated approach to exploration to decrease risk and maximize the
potential for discovery. In accordance with the Opt ion Agreement Teck and Korea Zinc must spend an
additional $2.2 million by the end of 2017 to exercise the “First Option” and earn an undivided 51% interest
in the Pie Option Properties.
Upon exercising the First Option, Teck and Korea Zi nc would have an additional option (the "Second
Option") to acquire a further 19% interest in the p roperties for a total interest of 70%, by incurring an
additional $5.0 million in exploration expenditures on or before December 31, 2019. Expenditures for t he
2016 exploration program on the Pie Option Properti es are anticipated to be on the order of $1.6 to $1 .9
million.
The Kechika Regional Project
The Company owns 100% of eleven, large, contiguous property blocks that comprise the Akie and Kechika
Regional projects. The Company’s flagship Akie Project is host to the Cardiac Creek deposit and remain s
the primary corporate focus. The Kechika Regional P roject includes the Pie, Yuen, Cirque East and Mt.
Alcock properties extending northwest from the Akie property for approximately 140 kilometres along th e
strike of the highly prospective Gunsteel Formation shale; the main host rock for known SEDEX zinc-lead-
silver deposits in the Kechika Trough of northeaste rn British Columbia. These projects are located
approximately 260 kilometres north northwest of the town of Mackenzie, British Columbia, Canada. The
generative portfolio of Kechika Regional properties offer shareholders and interested exploration
companies high potential opportunities for new discoveries in the Kechika Trough.
Akie Property
The Company’s flagship Akie property is situated within the Kechika Trough, the southernmost area 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 Canada Zinc Metals since 2005 has identified a significant body of ba ritic-
zinc-lead-silver SEDEX mineralisation known as the Cardiac Creek deposit. The deposit is hosted by
siliceous, carbonaceous, fine grained clastic rocks of the middle to late Devonian Gunsteel Formation.
The Company has outlined a NI 43-101 compliant mine ral resource at Cardiac Creek, including an
indicated resource of 19.6 million tonnes grading 8 .2% zinc, 1.6% lead and 13.6 g/t silver (at a 5%
zinc cut-off grade) and an inferred resource of 8.1 million tonnes grading 6.8% zinc, 1.1% lead and
11.2 g/t silver (at a 5% zinc cut-off grade).
Ken MacDonald P.Geo., Vice President of Exploration , is the designated Qualified Person as defined by
National Instrument 43-101 and is responsible for the technical information contained in this release.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
CANADA ZINC METALS CORP.
“PEEYUSH VARSHNEY”
PEEYUSH VARSHNEY, LL.B
CEO & CHAIRMAN