Canada Zinc Metals Engages JDS for Preliminary Economic Assessment for Akie Project
FOR IMMEDIATE RELEASE
Contact: Investor Relations Thursday March 15, 2018
Phone (604) 684-2181 (No.2018-03-12)
Canada Zinc Metals Engages JDS for Preliminary Economic Assessment for Akie
Project
Vancouver, British Columbia, Canada – Thursday, Mar ch 15, 2018 – Canada Zinc Metals Corp.
(“Canada Zinc Metals” or “the Company”, TSX Venture Exchange: CZX) is pleased to announce that
it has formally engaged JDS Energy & Mining Inc. (" JDS") of Vancouver, British Columbia, to conduct a
Preliminary Economic Assessment ("PEA") of its 100% owned zinc-lead-silver Cardiac Creek deposit
located on the Akie property in northeast British Columbia.
JDS is widely regarded as a leader in mine project engineering and economic assessments, both in Canada
and abroad. JDS has completed assessments for simil ar zinc projects in several Canadian jurisdictions,
including British Columbia, N.W.T. and the Yukon Territory.
JDS, through its affiliate JDS Silver, also acted as the EPCM contractor for the newly constructed Silvertip
silver-lead-zinc mine in northern British Columbia, which was sold to Coeur Mining in October 2017.
JDS had previously worked with the Company in 2017 developing a high-level assessment of the Akie
Project. JDS will now build on the past work by incorporating new metallurgical test results and the recently
updated NI 43-101 resource announced for the Cardiac Creek deposit in January 2018.
The PEA study will focus on practical, fit-for-purp ose solutions that will maximize the value of the p roject.
JDS anticipates completing the PEA in late May 2018 and will subsequently file a technical report base d
on National Instrument (NI) 43-101 guidelines and C anadian Institute of Mining (CIM) best practices. T he
PEA will provide a solid project evaluation to be u sed by management to establish the approximate valu e
and outline the key decision points for the future development of the project.
The PEA report will be authored by JDS in collaboration with a number of other specialized and experienced
consulting and advisory firms in the area of tailin gs disposal, metallurgy, environmental science and
geology. JDS has previously completed a site visit during the 2017 drilling campaign.
The Akie Zn-Pb-Ag Project
The 100% owned Akie property is situated within the Kechika Trough, the southernmost area of the
regionally extensive Paleozoic Selwyn Basin and one of the most prolific sedimentary basins in the wor ld
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 SEDEX mineralization 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.
With additional drilling completed in 2017, the Com pany has updated the estimate of mineral
resources at Cardiac Creek, as follows:
5% Zinc Cut-Off Grade Contained Metal:
Category Tonnes
(million) Zn (%) Pb (%) Ag (g/t) Zn (B lbs) Pb (B lbs) Ag (M oz)
Indicated 22.7 8.32 1.61 14.1 4.162 0.804 10.3
Inferred 7.5 7.04 1.24 12.0 1.169 0.205 2.9
In addition to the Akie Project, the Company owns 100% of eight of eleven large, contiguous property blocks
that comprise the Kechika Regional Project includin g the advanced Mt. Alcock prospect. The Kechika
Regional Project also includes the Pie, Yuen and Ci rque East properties within which the Company
maintains a significant 49% interest with partners Teck Resources Limited (TSX: TECK.B) and Korea Zinc
Co. Ltd. These properties collectively extend north west from 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
approximately 260 kilometres north northwest of the town of Mackenzie, British Columbia, Canada.
Ken MacDonald P.Geo., Vice President of Exploration for the Company, is the designated Qualified Person
as defined by National Instrument 43-101 and is res ponsible 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