Mr. Peeyush Varshney reports
DRILLING INTERSECTS 9.82 M OF 7.69% ZINC+LEAD AND 9.67 G/T SILVER ON THE CARDIAC CREEK DEPOSIT
Canada Zinc Metals Corp. has released the first batch of preliminary results from the recently completed 2010 diamond drill program on its 100-per-cent-owned Akie property, which includes the Cardiac Creek SEDEX zinc-lead-silver deposit. The property is located approximately 260 kilometres north-northwest of the town of Mackenzie in northeastern British Columbia.
Highlights:
- Cardiac Creek deposit:
- 9.82 metres of 7.69 per cent zinc plus lead and 9.67 grams per tonne silver;
- NW extension:
- 800 metres along strike from the Cardiac Creek deposit;
- 1.17 metres of 2.69 per cent zinc, 0.60 per cent nickel and 4.4 grams per tonne silver;
- Interval is also anomalous in gold, lead, copper, molybdenum, antimony, phosphorus, vanadium, thallium and other elements;
- Possible discovery of a new style of mineralization;
- North lead anomaly:
- 2.02 metres of 1.52 per cent zinc plus lead and 5.4 grams per tonne silver;
- Suggestion of another zinc-rich sulphide system present on the Akie property.
2010 Akie property drill program
The 2010 diamond drilling program on the Akie property has been concluded. Eleven drill holes were completed totalling 6,127.57 metres Exploration targets included the Cardiac Creek deposit, the NW extension and the highly prospective North lead anomaly.
Cardiac Creek deposit
Drilling on the Cardiac Creek deposit focused on the northwestern edge and central areas of the deposit. Three drill holes were completed totalling 2,078.78 metres.
CADILLAC CREEK
Drill hole Width(m) Zinc(%) Lead(%) Silver(g/t) Zn+Pb(%)
A-10-74 17.56 5.70 0.89 8.52 6.59
Including 9.82 6.61 1.08 9.67 7.69
A-10-75 pending
A-10-73B pending
NW extension target
Drilling on the NW extension was designed to test the northwest strike extent of the Cardiac Creek deposit. Four drill holes (A-10-69, A-10-69A, A-10-71, A-10-72) were completed on approximate 400-metre centres totalling 1,464 metres. All four drill holes intersected variable widths of laminated to thickly bedded pyrite mineralization interbedded with nodular to massive beds of barite and Gunsteel formation shale. This mineralization occurs at the same stratigraphic position as the Cardiac Creek deposit. Results from three of these drill holes (A-10-69A, A-10-71, A-10-72) returned highly anomalous values of zinc ranging from 1,000 parts per million to 5,000 parts per million zinc. The fourth drill hole, A-10-69, intersected 18.47 metres of thickly bedded pyrite and minor sphalerite (zinc sulphide) of identical character and style as the Cardiac Creek deposit. Results are pending for this drill hole.
In addition to the mineralization encountered within the Gunsteel formation shales, drill hole A-10-72 also intersected a sulphide-replaced section of interpreted debris flow. The sulphides are predominantly pyrite with crosscutting sphalerite stringers.
NW EXTENSION
Drill hole Width(m) Zinc(%) Nickel(%) Silver(g/t)
A-10-72 1.17 2.69 0.60 4.4
This interval is also anomalous in gold, lead, copper, molybdenum, antimony, phosphorus, vanadium, thallium and other elements. This mineralization appears to be a unique occurrence within in the Kechika trough. The character and elemental enrichment suggest possible similarities to the zinc-lead-PGE mineralization of the Nick deposit in the Yukon.
The results from the NW extension target are encouraging, indicating that mineralization of similar character and style exists approximately 800 metres along strike from the Cardiac Creek deposit and the possible discovery of a new style of mineralization. This target will be evaluated for future drilling.
North lead anomaly
The drilling on the North lead anomaly continued to test the mineralization encountered in the 2008 Canada Zinc Metals and 1996 Inmet Mining drill holes. Four drill holes (A-10-67, A-10-68, A-10-70 and A-10-76) were completed totalling 2,584.79 metres. All drill holes intersected variable widths of thinly to thickly bedded pyrite mineralization with minor sphalerite (zinc sulphide); however, A-10-68 contained a significant 126-metre interval of interbedded Gunsteel formation shale and thickly bedded pyrite mineralization, located 100 metres along strike, northwest of the 2008 drill holes. This mineralization occurs at the same stratigraphic position and is similar in character to that of the pyrite mineralization closely associated with the Cardiac Creek deposit.
Results from three of these drill holes (A-10-67, A-10-68, A-10-70) returned consistently highly anomalous zinc values ranging from 1,000 parts per million to 7,000 parts per million. In addition to the anomalous zinc values, drill hole A-10-68 included an interval of higher-grade zinc.
NORTH LEAD ANOMALY
Drill hole Width(m) Zinc(%) Lead(%) Silver(g/t) Zn+Pb(%)
A-10-68 2.02 1.47 0.045 5.4 1.52
The final drill hole (A-10-76) of the 2010 program was drilled 200 metres along strike to the northwest of A-10-68 testing the mineralization encountered in A-10-68. Results are pending.
The results from the North lead anomaly are extremely positive, suggesting that another zinc-rich sulphide system is present on the Akie property. All results will be evaluated in order to delineate future drill targets as a follow up to this year's drill program.
Qualified person
Peter Dadson, BSc, PGeol, is the qualified person for the company, as defined by National Instrument 43-101, and is responsible for the technical information contained in this release.
© 2024 Canjex Publishing Ltd. All rights reserved.