Canada Zinc Metals Intersects Massive Envelope of Mineralisation in Drill Hole A-17-137 with 57.79 metres Grading 11.79% Zn+Pb and 19.1 g/t Ag - including High-Grade Core of 22.61% Zn+Pb and 36.2 g/t Ag over 15.44 metres
FOR IMMEDIATE RELEASE
Contact: Investor Relations Tuesday, October 3, 2017
Phone (604) 684-2181 (No.2017-09-17)
Canada Zinc Metals Intersects Massive Envelope of Mineralisation in Drill Hole A-17-137
with 57.79 metres Grading 11.79% Zn+Pb and 19.1 g/t Ag - including High-Grade Core of
22.61% Zn+Pb and 36.2 g/t Ag over 15.44 metres
Vancouver, British Columbia, Canada – Tuesday, October 3, 2017 – Canada Zinc Metals Corp. (TSX
Venture Exchange: CZX) is pleased to announce additional drill results fr om the 2017 Akie drill program.
The program focused on resource expansion and new t arget development on the robust and high-grade
central core of the Zn-Pb-Ag Cardiac Creek deposit. The program commenced in June and was completed
in August using two drills. A total of 8 drill hole s were successfully drilled on the Cardiac Creek de posit for
a total of 4,700 metres. Assay results are pending from the remaining four drill holes.
2017 Drill Result Highlights
• Drill hole A-17-137 returned 11.79% Zn+Pb and 19.1 g/t Ag over a true width of 57.79 metres
including 14.51% Zn+Pb and 23.4 g/t Ag over a true width of 37.06 metres as well as 15.44
metres of 22.61% Zn+Pb and 36.2 g/t Ag.
• Drill hole A-17-138 returned 7.75% Zn+Pb and 10.4 g/t Ag over a true width of 24.96 metres
including 10.07% Zn+Pb and 12.3 g/t Ag over a true width of 11.82 metres
Mr. Peeyush Varshney, CEO of Canada Zinc Metals, co mmented: “We are very pleased to report the
spectacular results from Hole 137 which represents the best intersection ever encountered on the
Cardiac Creek deposit. The drilling in 2017 continu es to demonstrate the consistent nature of the high -
grade core to the Cardiac Creek deposit in terms of grade and thickness. While we continued to expand
the high-grade core in 2017, the potential remains to expand the overall limits of the deposit at dept h and
along strike. We look forward to reporting the remaining results from the 2017 drill program.”
“The Cardiac Creek deposit is a top tier zinc asset with a large, tabular, conformable resource defined that
is amenable to underground mining methods, and stra tegically located within the Kechika Trough, an
untapped massive Zn-Pb-Ag SEDEX district, of which Canada Zinc Metals is the dominant landholder,”
continued Mr. Varshney.
Plans are underway to complete comprehensive metall urgical testing on 2017 drill core composites
representing the known width and breadth of the Car diac Creek deposit. The composites are being
assembled at Base Metallurgical Laboratories Ltd. of Kamloops, BC, under the direction of Tom Shouldice,
Principal Metallurgist. The objective of the progra m is to assess the metallurgical performance of sam ples
from the deposit using heavy media pre-concentratio n followed by conventional flotation processes to
recover lead and zinc into concentrates. The progra m is intended to generate sufficient metallurgical data
to support a Preliminary Economic Assessment (PEA). The work will be assisted by mining and
metallurgical staff at JDS Energy and Mining of Van couver, BC. The Company is planning to proceed to a
Preliminary Economic Assessment (PEA) after metallurgical results are made available, anticipated in early
Q1 2018. In addition to the metallurgical work, the Company anticipates the NI 43-101 Resource will be
updated once the final results are obtained from the remainder of the 2017 drill program.
A-17-137
The objective of hole A-17-137 was to test the high -grade core of the Cardiac Creek deposit in an open
area down-dip of A-15-121, and along strike of A-15-124. This goal was successfully achieved with a pierce
point located approximately 60 metres down-dip of drill hole A-15-121 and 125 metres from A-15-124. The
results from A-17-137 are expected to expand the kn own limits of the high-grade core down-dip and
material from this intercept will also be used for subsequent metallurgical testing.
The hole intersected a very broad envelope of mineralization from 454.40 to 559.44 metres encompassing
both the Cardiac Creek Zone and Footwall Zone, representing a true width of 57.79 metres that returned
11.79% Zn+Pb and 19.1 g/t Ag . Within this envelope the Cardiac Creek Zone returned 14.51% Zn+Pb and
23.4 g/t Ag over a true width of 37.06 metres from 466.78 to 534.09 metres, which includes higher grade
intervals such as 22.61% Zn+Pb and 36.2 g/t Ag over a true width of 15.44 metres from 506.00 to 534.09
metres. The Footwall Zone , present from 544.48 to 559.44 metres, returned 16.77% Zn+Pb and 25.3 g/t
Ag over a true width of 8.20 metres .
Both the Cardiac Creek Zone and Footwall Zones are characterized by thickly layered sulphides
interbedded with siliceous black shale. The sulphide layers host gradually increasing sphalerite and galena
content as indicated by the strong development of mottle-textured sulphides enriched in sphalerite, galena,
quartz, and carbonate, with lesser amounts of pyrite towards the base of the two zones. Underlying the two
zones of mineralisation is a massive sulphide lens (95% pyrite 5% carbonate) occurring from 559.44 to
565.00 metres. Lower in the sequence, thin interval s of massive pyrobitumen within the Silurian siltst ones
were also encountered. The Company is currently inv estigating the nature of the pyrobitumen and its
possible links to the mineralisation represented by the Cardiac Creek deposit. The hole ended at a dep th
of 614.78 metres.
A-17-138
The objective of hole A-17-138 was to test the up-d ip and south-eastern edge of the high-grade core in a
large open area along strike of hole A-11-98 and up -dip of A-06-40. This goal was successfully achieve d
with a pierce point located approximately 60 metres along strike of A-11-98 and approximately 90 metre s
up-dip of A-06-40. The results from this intercept will provide ongoing continuity to the high-grade core and
the material will also be used for subsequent metallurgical testing.
A broad envelope of mineralisation was intersected from 403.32 metres to 440.85 metres representing a
true width of 33.40 metres that returned 6.24% Zn+P b and 9.0 g/t Ag. Within this envelope the Cardiac
Creek Zone is present from 412.15 metres to 440.17 metres, grading 7.75% Zn+Pb and 10.4 g/t Ag over a
true width of 24.96 metres. Higher-grade intervals are present including 10.07% Zn+Pb and 12.3 g/t Ag
over a true width of 11.82 metres from 426.27 to 439.52 metres.
The Cardiac Creek Zone is characterized by massive beds of brown pyrite with increasing amounts of light
grey sphalerite bands and mottled textured sulphide bands enriched in sphalerite, galena, quartz and
carbonate towards the base of the zone. The hole wa s drilled to a depth of 454.776 metres ending in th e
Silurian siltstones of the Road River Group.
Significant results from A-17-137 and A-17-138 are tabulated below along with the previously repo rted
intervals from A-17-132 and A-17-133 (see Sept. 14, 2017 news release).
Drill Hole From (m) To (m) True Width (m)* Zn (%) P b (%) Ag (g/t) † Zn+Pb (%)
A-17-137 454.40 559.44 57.79 9.72 2.07 19.1 11.79
CCZ 466.78 534.09 37.06 11.83 2.68 23.4 14.51
including 480.93 534.09 29.26 14.32 3.33 28.0 17.65
including 506.00 534.09 15.44 18.27 4.34 36.2 22.61
FW 544.48 559.44 8.20 14.41 2.36 25.3 16.77
MS 559.44 565.00 3.04 0.98 0.23 10.0 1.21
A-17-138 403.32 440.85 33.40 5.33 0.91 9.0 6.24
CCZ 412.15 440.17 24.96 6.60 1.15 10.4 7.75
including 426.27 439.52 11.82 8.50 1.57 12.3 10.07
A-17-132 520.29 573.08 42.43 6.41 1.08 10.6 7.49
CCZ 537.41 573.08 28.67 8.84 1.54 14.2 10.38
including 546.41 571.06 19.81 10.52 1.87 15.9 12.39
including 546.41 566.01 15.75 10.96 2.01 16.7 12.97
including 546.41 559.05 10.16 12.18 2.24 17.2 14.42
A-17-133 341.08 388.38 33.14 4.77 0.78 8.5 5.55
CCZ 351.03 387.57 25.63 5.68 0.94 9.6 6.62
including 361.90 381.10 13.48 8.00 1.40 12.9 9.40
including 367.68 381.10 9.42 10.30 1.81 16.0 12.11
(*) The true width in metres is calculated utilisin g the Geovia GEMS software package. The orientation of the mineralised horizon is
estimated to have an azimuth of 130 degrees and a dip of -70 degrees. (CCZ) = Cardiac Creek Zone; (HW) = Hangingwall Zone; (FW)
= Footwall Zone; (MS) = Massive Sulphide. (Ɨ) Ag values below detection were given a value half of the detection limit for the purposes
of weighted averaging.
A map showing the 2017 drill collars and traces for the current release can be found here:
http://canadazincmetals.com/_resources/maps/2017-Akie-DDH-Plan-Map-Deposit.pdf
A cross-section of drill hole A-17-137 can be found here:
http://www.canadazincmetals.com/_resources/maps/XS-3150S-28-Sep-2017.pdf
A cross-section of drill hole A-17-138 can be found here:
http://www.canadazincmetals.com/_resources/maps/XS-3475S-26-Sept-2017.pdf
QA/QC
Canada Zinc Metals has implemented a rigorous quali ty assurance/quality control program at the Akie
property using best industry practices. All drill c ore is logged for geology, structure, veining, alte ration,
mineralisation, and geotechnical parameters. Sectio ns of sulphide mineralisation are marked for sampli ng
by a geologist and a series of standards, duplicate s and blanks are inserted into the sample stream fo r
QA/QC purposes. Prior to the cutting of samples, al l core boxes are photographed for due diligence and
record keeping purposes. The samples are split by a diamond saw, tagged and bagged and forwarded by
bonded carrier to Acme Labs (a Bureau Veritas Group Company) of Vancouver, BC, for analysis.
Documentation recording the chain of custody is kept for each shipment.
Assays for zinc, lead and silver are obtained using Acme Labs AQ270 analytical package with sample
digestion using aqua regia solution followed by ICP -ES and ICP-MS analyses. Barium content is
determined by Acme Labs LF300 analytical package using LiBO2/LiB4O7 fusion and ACS grade nitric acid
followed by ICP-ES analysis. Overlimit values of le ad are rerun using Bureau Veritas AQ371 analytical
package using a hot aqua regia solution followed by ICP-ES analyses. Overlimit values for zinc are rer un
using Bureau Veritias GC816 analytical package, usi ng a multi-acid digestion, followed by hydroxide
precipitation and EDTA titration analysis.
Check assays on drill pulps are routinely conducted by ALS Minerals of North Vancouver, BC with their
OG46 analytical package using aqua regia digestion and ICP-ES analysis. All remaining drill core is stored
at the Akie exploration camp.
The Akie Zn-Pb-Ag Project
The Company’s, 100% owned, flagship Akie property i s 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).
In addition to the Akie Project the Company owns 10 0% of ten, large, contiguous property blocks that
comprise the Kechika Regional project. The Kechika Regional 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.
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