Saturday, September 26, 2026
MiningNewsTerminal
Saturday, September 26, 2026 Admin

ZNX.V ·

Canada Zinc Metals Engages Contractors for the 2017 Exploration Program on the Akie Project

Corporate Updates

FOR IMMEDIATE RELEASE

Contact: Investor Relations Monday, May 1, 2017

Phone (604) 684-2181 (No.2017-05-09)

[email protected]

Canada Zinc Metals Engages Contractors for the

2017 Exploration Program on the Akie Project

Vancouver, British Columbia, Canada – Monday, May 1 , 2017 – Canada Zinc Metals Corp. (TSX

Venture Exchange: CZX) is pleased to announce that it has finalized plans for the upcoming 2017

exploration program on the Akie property. The Compa ny has outlined a comprehensive up to 7,500 metre

diamond drill program that will focus primarily on its Cardiac Creek deposit.

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. The Kechika

Regional Project includes the Pie, Yuen, Cirque Eas t and Mt. Alcock properties extending northwest fro m

the Akie property for approximately 140 kilometres covering the highly prospective Gunsteel Formation

shale; the main host rock for known SEDEX zinc-lead-silver deposits in the Kechika Trough of northeastern

British Columbia. These projects are located approx imately 260 kilometres north northwest of the town of

Mackenzie, British Columbia, Canada.

The 2017 Exploration Plan

Logistical planning for the 2017 exploration progra m is currently underway with contractual arrangemen ts

being finalized with several service providers.

The Company has engaged Canadian Helicopters Ltd. of Edmonton, Alberta, to provide helicopter services

for the duration of the exploration program. Canadi an Helicopters Ltd. has bases located throughout th e

interior of British Columbia including; Smithers, F ort St. John and Terrace, and is strategically loca ted to

support the program. Canadian Helicopters Ltd. rece ntly provided similar services to Teck at its Cirqu e

Project located approximately 20 kilometres from the Akie property; as such they are familiar with the local

terrain and expected weather conditions.

The Company has also engaged Western Exploration Dr illing Ltd. of Kamloops, British Columbia to once

again provide drilling services to the project. Western Exploration Drilling Ltd. has provided drilling services

to the Akie project over the course of four explora tion seasons since 2011 and has been instrumental i n

allowing the Company to effectively and efficiently define the Cardiac Creek deposit, and explore the Akie

property. In addition to the drilling and helicopte r companies, the Company is currently finalizing

arrangements with several other key service providers.

Diamond Drilling Program

The 2017 exploration program will focus on the Card iac Creek stratiform Zn-Pb-Ag deposit located on th e

Akie property. The Company plans on mobilizing two drills to the Akie property to complete a

comprehensive up to 7,500 metre diamond drilling pr ogram in 2017. Up to 5,000 metres of drilling will

target the Cardiac Creek deposit with a focus on ex panding the down-dip limits of the high-grade core of

the deposit as well as other expansion targets down-dip and along strike. An additional up to 2,500 metres

of drilling will be allocated for infill targets ac ross the deposit with the primary objective of prov iding

additional material for subsequent metallurgical lab testing.

Additional exploration drill targets across the Aki e property will be considered and include: the Nort h Lead

Zone where previous drilling intersected extensive intervals of bedded pyrite mineralisation that were highly

anomalous in zinc and a thin massive sulphide lens; the South Zinc Anomaly which is defined by a large

(~2 kilometre by 500 metre) zinc-in-soil anomaly; and the Sitka Showing located on the eastern edge of the

Akie property that is characterized by a thick barite sequence hosting disseminated coarse grained galena

and sphalerite.

The diamond drill program is expected to start early June and continue through to end of September.

Mr. Peeyush Varshney, President and CEO of the Company, stated, "We are pleased with the progress we

have made in finalizing our exploration targets at Akie and look forward to soon mobilizing the drill rigs for

commencement of drilling”.

The Akie Zn-Pb-Ag Project

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