- 14.06% zinc, 6.27% lead, 1.88% copper, 382.9 g/t silver and
2.01 g/t gold over 6.0 metres
- 10.23% zinc, 2.19% lead, 0.78% copper, 148.4 g/t silver and
2.41 g/t gold over 7.1 metres
CZN-TSX
CZICF-OTCQB
VANCOUVER, April 18, 2017 /CNW/ - Canadian Zinc
Corporation (TSX: CZN; OTCQB: CZICF) ("the Company" or
"Canadian Zinc") is pleased to report the results of the
recently completed 2017 winter diamond drill program on its
Lemarchant copper-lead-zinc-silver-gold volcanogenic massive
sulphide ("VMS") deposit located on the 100%-owned South
Tally Pond project in central Newfoundland.
Ten drillholes and three drillhole extensions, totaling 3,070
metres were completed at the Lemarchant massive sulphide deposit.
Highlights of the drilling program include:
- Significant massive sulphide mineralization with mineralized
barite was intersected in drillholes LM17-115 and LM17-116
extending the Lemarchant deposit mineralization 35 and 65 metres
up-dip respectively on section 102+50N.
|
|
|
LM17-115 : 10.23%
zinc, 2.19% lead, 0.78% copper, 148.4 g/t silver, 2.41 g/t gold
over 7.1 m.
|
|
|
|
LM17-116 : 14.06%
zinc, 6.27% lead, 1.88% copper, 382.9 g/t silver, 2.01 g/t gold
over 6.0 m.
|
- Significant massive to semi-massive sulphide mineralization and
mineralized barite was intersected in drillholes LM17-110 and
LM17-111 extending the Lemarchant deposit mineralization 25 and 50
metres up-dip respectively on section 101+25N.
|
|
|
LM17-110 : 11.20%
zinc, 0.46% lead, 0.94% copper, 46.3 g/t silver, 1.06 g/t gold over
6.9 m.
|
|
|
|
LM17-111
: 2.84% zinc, 1.01% lead, 0.75% copper, 73.4 g/t
silver, 0.45 g/t gold over 3.8 m.
|
- Mineralized massive barite intervals (separated by a mafic
intrusive) were intersected in drillhole LM17-113 extending the
Lemarchant deposit mineralization 25 metres on strike to the south
on section 100+75N.
|
|
|
LM17-113 : 10.10%
zinc, 4.54% lead, 2.32% copper, 147.9 g/t silver, 0.88 g/t gold
over 1.5 m.
|
"The winter drill program has intersected significant
extensions of very good grade base and precious metal massive
sulphide mineralization, both up-dip and to the immediate south of
the currently defined Lemarchant deposit," commented
Michael Vande Guchte, VP Canadian
Zinc Corporation.
"This new mineralization occurs in areas that remain
relatively untested and is expected to add significant tonnage to
the currently defined Lemarchant resource. We believe that the
Lemarchant deposit is a sizeable volcanogenic massive sulphide
system that remains open for expansion".
The recently completed central milling metallurgical research
program (see news release dated March 7,
2017) concluded that the Lemarchant is a priority deposit
for the potential central milling program. The winter drilling
program focused on testing for mineralized extensions to the
Lemarchant deposit along strike, up-dip and down-dip of the
currently defined Lemarchant resource.
The drilling successfully extended the Lemarchant mineralization
up to 65 metres up-dip on two sections located 125 metres apart and
25 metres along strike to the south. The vertical depths of the
mineralized drill intercepts range from 130 -170 metres and remain
open for further expansion up-dip and along strike.
The newly discovered mineralization has well-developed footwall
alteration zones with local zones of intense hydrothermal
alteration and stringer mineralization that could help vector to
additional mineralization.
The three extended drillholes LM13-90Ext, LM11-68Ext, and
LM11-50Ext and drillholes LM17-108, 109 and 117, tested for
down-dip extensions to the Lemarchant mineralization below the
Lemarchant thrust fault zone. These drill holes intersected
variably altered, favorable felsic volcanic rocks with no
significant concentrations of base metal mineralization
identified.
Significant assay results are provided below with a drillhole
location map and key sections provided on the Canadian Zinc website
www.canadianzinc.com.
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|
|
|
|
|
|
|
|
|
Drillhole
|
Section
|
From
(m)
|
To
(m)
|
Length
(m)
|
Zn
(%)
|
Pb
(%)
|
Cu
(%)
|
Ag
(g/t)
|
Au
(g/t)
|
LM13-90Ext
|
104+00N
|
304.4
|
311.0
|
6.6
|
1.78
|
0.26
|
0.15
|
11.09
|
.08
|
LM17-108
|
104+00N
|
345.6
|
348.7
|
3.1
|
3.32
|
0.53
|
0.16
|
28.52
|
0.06
|
LM17-109
|
102+00N
|
|
|
|
No assay
samples
|
LM11-68Ext
|
102+00N
|
|
|
|
No assay
samples
|
LM17-110
|
101+25N
|
150.6
|
157.5
|
6.9
|
11.20
|
0.46
|
0.94
|
46.30
|
1.06
|
LM17-111
|
101+25N
|
151.4
|
155.2
|
3.8
|
2.84
|
1.01
|
0.75
|
73.40
|
0.45
|
LM17-112
|
101+25N
|
157.8
|
190.0
|
33.2
|
0.60
|
0.04
|
0.35
|
7.80
|
0.24
|
includes
|
|
159.8
|
162.7
|
2.9
|
2.89
|
0.15
|
0.31
|
9.10
|
0.18
|
LM17-113
|
100+75N
|
157.4
|
158.3
|
0.9
|
7.21
|
2.93
|
0.36
|
53.00
|
0.16
|
LM17-113
|
100+75N
|
161.0
|
162.5
|
1.5
|
10.10
|
4.54
|
2.32
|
147.90
|
0.88
|
LM17-114
|
102+00N
|
214.0
|
217.9
|
3.9
|
3.85
|
0.21
|
0.45
|
7.80
|
0.08
|
LM17-115
|
102+50N
|
202.0
|
209.1
|
7.1
|
10.23
|
2.19
|
0.78
|
148.40
|
2.41
|
LM17-116
|
102+50N
|
212.3
|
218.3
|
6.0
|
14.06
|
6.27
|
1.88
|
382.90
|
2.01
|
LM17-116
|
102+50N
|
225.3
|
229.8
|
4.5
|
2.59
|
0.66
|
0.57
|
21.50
|
0.33
|
LM11-50Ext
|
108+00N
|
387.4
|
398.7
|
11.3
|
0.62
|
0.03
|
0.13
|
6.30
|
0.10
|
LM17-117
|
105+00N
|
295.15
|
297.1
|
1.95
|
3.12
|
0.89
|
0.31
|
38.20
|
0.31
|
* All intervals are core length; true thickness is estimated
to be near core length.
The results of the 2017 drilling program at the Lemarchant
Deposit will be incorporated into the current geological model with
plans for a follow-up drill program in the early summer. The future
drilling will continue to target the expansion of the Lemarchant
deposit and to test several priority targets at Spencers Pond and
Lost Pond located in the Lemarchant deposit area.
South Tally Pond Project
The South Tally Pond project covers approximately 13,700
hectares and is located in a proven mining district in the same
productive volcanic belt as the past-producing Duck Pond Cu-Zn
Mine, owned by Teck Resources. The Lemarchant deposit is situated
20 km southwest of the former Duck Pond Mine.
An initial NI43-101 mineral resource estimate completed on the
Lemarchant deposit in 2012 reported an Indicated Resource of 1.24
million tonnes with an average grade of 5.45% Zn, 0.58% Cu, 1.19%
Pb, 1.01 g/t Au and 59.17 g/t Ag; and an Inferred Resource of 1.34
million tonnes with an average grade of 3.70% Zn, 0.41% Cu, 0.86%
Pb, 1.0 g/t Au and 50.41 g/t Ag.
About Canadian Zinc
Canadian Zinc is a TSX-listed exploration and development
company trading under the symbol "CZN". The Company's key project
is the 100%-owned Prairie Creek Project, a fully permitted,
advanced-stage zinc-lead-silver property, located in the
Northwest Territories.
The Company also owns an extensive land package in central
Newfoundland that it is exploring
for copper-lead-zinc-silver-gold deposits. These include the
South Tally Pond project (Lemarchant deposit);
Tulks South project (Boomerang-Domino and Tulks East
deposits) and Long Lake
project (Long Lake deposit).
The Company's exploration strategy in central Newfoundland is to continue to build on its
existing polymetallic resource base with the aim of developing
either a stand-alone mine, similar to the past-producing base metal
mines at Buchans and Duck Pond, or
a number of smaller deposits that could be developed simultaneously
and processed in a central milling facility.
The recently completed metallurgical research program on the
various VMS deposits in Newfoundland successfully demonstrated that
the ore from satellite deposits can be successfully processed in a
central mill, and that zinc, lead and copper concentrates at
marketable grades can be produced (see CZN News Release dated
March 7, 2017).
Quality Assurance and Quality Control
Drillhole intervals are core length with true thickness
estimated to be 90% of core length. Samples were analyzed for Cu,
Pb, Zn, Ag and Au at Eastern Analytical Labs in Springdale, NL from sawn NQ-sized half core
sections. Data quality is monitored through the insertion of
control samples consisting of one prepared base and precious metal
standard and one blank sample for every 20 samples of drill core.
All control samples conformed to the accepted contained grades of
base and precious metals. Select samples pulps were shipped to ALS
Chemex in North Vancouver, BC for
33-element ICP analysis for further check assays of significant
base and precious metal bearing samples. Historical results were
obtained from published reports and news releases available in the
public domain.
Michael J. Vande Guchte,
P.Geo., VP Exploration NL for Canadian Zinc Corporation is
responsible for the Newfoundland exploration programs, and is
a Qualified Person as defined by NI 43-101 and has reviewed and has
approved the contents of this news release.
Cautionary Statement – Forward-Looking Information
This press release contains certain forward-looking
information, including, among other things, the expected completion
of acquisitions and the advancement of mineral properties. This
forward looking information includes, or may be based upon,
estimates, forecasts, and statements as to management's
expectations with respect to, among other things, the completion of
transactions, the issue of permits, the size and quality of mineral
resources, future trends for the company, progress in development
of mineral properties, future production and sales volumes, capital
costs, mine production costs, demand and market outlook for metals,
future metal prices and treatment and refining charges, the outcome
of legal proceedings, the timing of exploration, development and
mining activities, acquisition of shares in other companies and the
financial results of the company. There can be no assurances that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Mineral resources that are not mineral reserves do
not have demonstrated economic viability. Inferred mineral
resources are considered too speculative geologically to have
economic considerations applied to them that would enable them to
be categorized as mineral reserves. There is no certainty that
mineral resources will be converted into mineral reserves.
Cautionary Note to United States Investors
The United States Securities and Exchange Commission ("SEC")
permits U.S. mining companies, in their filings with the SEC, to
disclose only those mineral deposits that a company can
economically and legally extract or produce. We use certain terms
in this press release, such as "measured," "indicated," and
"inferred" "resources," which the SEC guidelines prohibit U.S.
registered companies from including in their filings with the
SEC.
SOURCE Canadian Zinc Corporation