Canada Zinc Metals Engages Structural Consultant for 2017 Exploration Program
FOR IMMEDIATE RELEASE
Contact: Investor Relations Monday, March 27, 2017
Phone (604) 684-2181 (No.2017-03-05)
Canada Zinc Metals Engages Structural Consultant
for 2017 Exploration Program
Vancouver, British Columbia, Canada –Monday, March 27, 2017 – Canada Zinc Metals Corp.
(“Canada Zinc Metals” or “the Company”, TSX Venture Exchange: CZX) is pleased to provide an
update on its 2017 exploration plans for the Akie and Kechika North projects.
The Company has engaged Murphy Geological Services to conduct a structural interpretation and analysis
of the Company’s high-resolution satellite imagery across several properties including Akie, Yuen Nort h
and Mt. Alcock. This work will be initiated in earl y April and will provide valuable targeting data in advance
of this year’s regional and drilling exploration programs. Planning for the Company’s previously announced
2017 exploration program, including up to 7,500 metres of drilling, is currently entering the final detail phase.
2017 Exploration Plan
Kechika Trough Structural Interpretation
The Company has engaged Murphy Geological Services of Midleton, Cork, Ireland to conduct a detailed
structural interpretation of the Company’s high-resolution satellite imagery across several of its pro perties
including Akie, Mt. Alcock and Yuen North. This work is anticipated to begin in early April with final products
to be delivered in advance of the exploration program set to begin in early June.
In 2013, the Company acquired 1-metre resolution Pl eiades satellite imagery over the Kechika Trough
mineral tenures. The imagery has been used extensiv ely for interpretation and planning purposes. This
work by Murphy Geological Services will utilize the Pleiades satellite imagery as well as Landsat-7 an d
Sentinel-2 imagery in order to establish the regional structural framework. The interpretation will identify the
presence of all regional scale and other major first-order fault structures as well as characterizing the nature
and timing of these structures. This will be follow ed by a detailed interpretation over the Company’s
properties that will identify both second and third -order structures as well as other structurally sig nificant
features.
This interpretation will be integrated and assessed in conjunction with data from the Company’s extensive
digital database which includes topographical datasets, additional imagery datasets, geophysical datasets
(including the 2012 and 2013 airborne VTEM survey a nd the 2015 airborne gravity gradiometry survey),
geological datasets and geochemical datasets.
Top ranked targets will be generated as a result of the interpretation and data synthesis, and specific areas
of interest will be assessed during the upcoming ex ploration program to determine their viability as d rill
targets. At a future date the Company may expand the scope of this interpretation to include all the property
blocks in the Kechika Regional project including Bear/Spa, Driftpile South and Saint.
Mr. Peeyush Varshney, President and CEO, of the Com pany stated, "The results from the structural
interpretation will provide important structural da ta allowing us to refine and prioritize Akie and re gional
future drill targets and will enhance our understan ding of how the Cardiac Creek deposit resides withi n
regional structural framework.”
Diamond Drilling Program
Planning for the previously announced 2017 exploration program has reached the detail stage with contract
tenders prepared and sent out for costing. The plan is to mobilize two drills to the Akie property to complete
an extensive and aggressive diamond drill program o f up to 7,500 metres for 2017. Approximately 5,000
metres of drilling is planned to target the Cardiac Creek deposit with a focus on expanding the down-d ip
limits of the high-grade core of the deposit as wel l as other expansion targets down-dip and along str ike.
Up to 2,500 metres of drill testing is planned as infill targets across the deposit with the primary purpose of
providing additional material for subsequent metallurgical lab testing. The diamond drill program is expected
to start early June and continue through to the end of September.
In addition to the drilling, the Company is also co nsidering a ground gravity survey over select targe ts as
well as additional geochemical sampling to expand u pon open-ended anomalies located on the eastern
edge of the property associated with the Sitka Showing. These data, coupled with existing airborne gravity
data, airborne VTEM data, structural analysis and a recently revised regional geological base map will be
used to prioritize additional drill targets on the Akie property.
The Kechika Regional Project
The Company is the 100% owner of eleven, large, con tiguous property blocks that comprise the Akie and
Kechika Regional projects. The Company’s flagship Akie Project is host to the Cardiac Creek deposit an d
remains the primary corporate focus. The Kechika Re gional Project includes the Pie, Yuen, Cirque East
and Mt. Alcock properties extending northwest from the Akie property for approximately 140 kilometres
along strike of the highly prospective Gunsteel Formation shale; the main host rock for known SEDEX zinc-
lead-silver deposits in the Kechika Trough of north eastern British Columbia. These projects are locate d
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.
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 has incurred $3.0 million of exploration expenditures to the end of 2016 on the Pie Option Properties
using an integrated approach to exploration to decr ease risk and maximize the potential for discovery. In
accordance with the Option Agreement Teck and Korea Zinc must spend an additional $0.5 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.
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