Canada Zinc Metals to Showcase Akie Property at Roundup 2017
FOR IMMEDIATE RELEASE
Contact: Investor Relations Tuesday, January 17, 2017
Phone (604) 684-2181 (No.2017-01-01)
Canada Zinc Metals to Showcase
Akie Property at Roundup 2017
Vancouver, British Columbia, Canada – Tuesday, Janu ary 17, 2017 – Canada Zinc Metals Corp.
(“Canada Zinc Metals” or “the Company”, TSX Venture Exchange: CZX) is pleased to announce it will
showcase the Akie and Kechika Regional projects at the upcoming Roundup 2017 Mineral Exploration
Conference in Vancouver, BC, Canada.
The Roundup 2017 Mineral Exploration Conference ( http://roundup.amebc.ca/ ) is being held January 23 rd
to January 26 th at the Vancouver Convention Center. The annual conference is the showcase event for the
Association for Mineral Exploration (AME) and bring s together a mixture of provincial, national and
international mineral explorers, mining companies, financiers, investors and geoscientists from across a
broad spectrum of the mining industry.
The Company will be exhibiting at Booth #1423 in the Exhibit Hall on Wednesday January 25 th (9am to
4pm) and Thursday January 26 th (9am to 2:30pm) and cordially invites its sharehol ders, investors and
interested participants to visit with management an d staff over the 2-day period. The Company will be
updating visitors on its recent activities, handing out information brochures as well as displaying so me of
the high-grade drill core obtained from recent drilling at the Company’s flagship Akie property.
More than 6,000 delegates are expected at Roundup 2 017 making it one of the most attractive and well
attended exploration and technical conferences in t he world. Over 300 companies are currently register ed
as exhibitors; representing a cross between mining, financing, exploration and service companies. The
annual convention has grown significantly since inc eption in 1984. The featured keynote speaker is Dav id
Garofalo, President and Chief Executive Officer of Goldcorp. This year’s Patron Sponsor is Teck
Resources, a Canada Zinc Metals shareholder and opt ionee (along with its JV Partner, Korea Zinc) of th e
Company’s Pie Option Properties.
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. The
Kechika Regional Project includes the Pie, Yuen, Ci rque East and Mt. Alcock properties extending
northwest from the Akie property for approximately 140 kilometres along the strike of the highly prospective
Gunsteel Formation shale; the main host rock for kn own SEDEX zinc-lead-silver deposits in the Kechika
Trough of northeastern British Columbia. These proj ects are located approximately 260 kilometres north
northwest of the town of Mackenzie, British Columbi a, Canada. The generative portfolio of Kechika
Regional properties offer shareholders and interest ed exploration companies high-potential opportuniti es
for new discoveries in the Kechika Trough.
Pie Option Agreement
The Pie, Yuen and Cirque East properties are the subject of an option agreement with Teck Resources Ltd.
(“Teck” TSX: TCK.B) and its JV partner, Korea Zinc Co., Ltd. ("Korea Zinc" KRX:KorZinc 010130). The
option agreement would see Teck and Korea Zinc spend up to $8.5 million to acquire up to 70% interest in
the Pie, Yuen and Cirque East properties.
Teck has spent over $1.3 million in exploration exp enditures in two field seasons on the Pie Option
Properties using an integrated approach to explorat ion to decrease risk and maximize the potential for
discovery. In accordance with the Option Agreement Teck must spend an additional $2.2 million by the end
of 2017 to exercise the “First Option” and earn Teck/Korea Zinc an undivided 51% interest in the Pie Option
Properties. Upon exercising the First Option, Teck would have an additional option (the "Second Option ")
to acquire a further 19% interest in the properties for a total of 70%, by incurring an additional $5. 0 million
in exploration expenditures on or before December 31, 2019.
Expenditures for the recently completed 2016 explor ation program on the Pie Option Properties are
anticipated to be on the order of $1.5 to $1.7 million.
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