- A New Updated Resource Estimate to be Completed on Lemarchant
Deposit
- Second Drill Rig Mobilized to Test Boomerang-Domino
Deposit
VANCOUVER, Sept. 25, 2017 /CNW/ - Canadian Zinc
Corporation (TSX: CZN; OTCQB: CZICF) is pleased to report
further positive results from 10 additional drill holes completed
as part of its diamond drill exploration program on the Lemarchant
zinc-lead-copper-silver-gold volcanogenic massive sulphide deposit,
located on the 100%-owned South Tally Pond project in central
Newfoundland.
Highlights of the latest assay results from the Lemarchant
Up-dip drill program include:
LM17-130:
29.26% zinc, 2.33% lead, 1.91% copper, 168.3 g/t silver, 7.1 g/t
gold over 2.25 m.
|
LM17-136: 5.04% zinc, 1.29% lead,
0.60% copper, 29.6 g/t silver, 0.3 g/t gold over 6.05
m.
|
LM17-136: 5.59% zinc, 0.79% lead,
0.69% copper, 7.8 g/t silver 0.1 g/t gold over 3.70
m.
|
The 2017 summer drill program focused on further testing and
defining the up-dip mineralization discovered during the 2017
winter drill program at the Lemarchant deposit (see CZN news
releases, April 18, 2017 and
August 14,
2017).
Twenty one drillholes, totaling 4,275 metres, were completed
during the summer drill program on the Lemarchant Main Zone with
assay results now received for the remaining 10 drillholes. Nine of
the 21 drillholes intersected significant base and precious metal
massive sulphide mineralization with numerous drillholes reporting
lower grade, stringer base metal mineralization in the underlying
Footwall Zone.
The summer drill program has successfully extended the
Lemarchant Main Zone massive sulphide mineralization up-dip, by up
to 80 metres on sections 101+75N through 103+25N (150 metres strike
length). The up-dip mineralization typically has a well-developed
footwall alteration zone with local zones of intense hydrothermal
alteration and stringer mineralization. The vertical depths of the
mineralized drill intercepts range from 120 to 170 metres.
Canadian Zinc is preparing an updated NI43-101 resource estimate
on the Lemarchant deposit, including the Main Zone and Northwest
Zone, which will be completed later this year.
Significant assay results for all 21 drillholes are provided
below with a drillhole location map and several key drill sections
provided on the Canadian Zinc website (www.canadianzinc.com).
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Drill
Hole
|
Section
|
From
(m)
|
To
(m)
|
Length
(m)
|
Zone
|
Zn
(%)
|
Pb
(%)
|
Cu
(%)
|
Ag
(g/t)
|
Au
(g/t)
|
LM17-118
|
102+50N
|
139.8
|
153.5
|
13.7
|
FW
|
0.78
|
0.05
|
0.26
|
2.3
|
0.1
|
LM17-119
|
102+50N
|
149.1
|
156.4
|
7.3
|
MZ
|
6.99
|
2.83
|
0.64
|
79.6
|
1.3
|
LM17-119
|
102+50N
|
156.4
|
167.9
|
11.5
|
FW
|
2.7
|
0.53
|
0.31
|
18.8
|
0.2
|
LM17-120
|
102+50N
|
|
|
|
|
No significant
mineralization
|
LM17-121
|
102+00N
|
158.3
|
166.1
|
7.8
|
MZ
|
5.35
|
1.59
|
0.59
|
136.1
|
2.9
|
LM17-122
|
102+00N
|
161.7
|
166.1
|
4.4
|
MZ
|
9.78
|
3.17
|
1.04
|
91.0
|
2.9
|
LM17-123
|
102+00N
|
|
|
|
|
No significant
mineralization
|
LM17-124
|
102+00N
|
154.65
|
157.45
|
2.8
|
MZ
|
8.82
|
1.02
|
1.14
|
46.5
|
0.5
|
LM17-125
|
103+00N
|
210.0
|
211.8
|
1.8
|
MZ
|
9.29
|
2.92
|
2.32
|
155.6
|
0.6
|
LM17-126
|
103+00N
|
210.6
|
218.1
|
7.5
|
MZ
|
14.41
|
3.41
|
2.40
|
576.9
|
1.1
|
LM17-127
|
103+00N
|
139.3
|
147.8
|
8.5
|
FW
|
0.71
|
0.04
|
0.11
|
2.2
|
0.1
|
LM17-128
|
103+25N
|
191.2
|
194.1
|
2.9
|
MZ
|
10.26
|
3.06
|
0.96
|
33.8
|
0.2
|
(above assay
results were previously reported in press release dated August 14,
2017)
|
LM17-129
|
103+25N
|
182.0
|
186.0
|
4.0
|
FW
|
2.83
|
0.17
|
0.21
|
5.8
|
0.1
|
LM17-130
|
101+75N
|
158.75
|
161.0
|
2.25
|
MZ
|
29.26
|
2.33
|
1.91
|
168.3
|
7.1
|
LM17-131
|
101+75N
|
163.2
|
165.95
|
2.75
|
MZ
|
2.25
|
0.21
|
0.14
|
25.4
|
0.4
|
includes
|
|
163.2
|
163.55
|
0.35
|
MZ
|
3.50
|
1.61
|
0.49
|
184.6
|
2.3
|
includes
|
|
165.5
|
165.95
|
0.45
|
MZ
|
11.00
|
0.05
|
0.44
|
11.7
|
0.6
|
LM17-132
|
101+75N
|
161.2
|
163.0
|
2.8
|
FW
|
2.21
|
0.01
|
2.21
|
4.6
|
0.2
|
includes
|
|
161.2
|
161.4
|
0.20
|
FW
|
26.80
|
0.09
|
4.13
|
35.9
|
0.3
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LM17-133
|
101+75N
|
171.5
|
186.0
|
14.5
|
FW
|
0.84
|
0.43
|
0.07
|
24.0
|
0.2
|
LM17-134
|
101+50N
|
144.6
|
162.0
|
17.4
|
FW
|
1.13
|
0.28
|
0.20
|
16.7
|
0.3
|
includes
|
|
144.6
|
147.6
|
3.0
|
FW
|
1.81
|
0.91
|
0.15
|
46.1
|
0.3
|
includes
|
|
155.6
|
162.0
|
6.4
|
FW
|
1.76
|
0.18
|
0.44
|
18.6
|
0.4
|
LM17-134
|
101+50N
|
172.7
|
177.2
|
4.5
|
FW
|
2.05
|
0.09
|
0.43
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3.2
|
0.1
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LM17-135
|
101+00N
|
168.8
|
170.65
|
1.85
|
FW
|
2.90
|
0.11
|
0.29
|
10.5
|
0.2
|
LM17-136
|
101+00N
|
191.35
|
197.4
|
6.05
|
FW
|
5.04
|
1.29
|
0.60
|
29.6
|
0.3
|
LM17-136
|
101+00N
|
204.4
|
208.1
|
3.7
|
FW
|
5.59
|
0.79
|
0.69
|
7.8
|
0.1
|
LM17-136
|
101+00N
|
223.8
|
225.3
|
1.5
|
FW
|
2.99
|
0.01
|
1.40
|
8.0
|
0.2
|
LM17-137
|
101+75N
|
197.9
|
198.4
|
0.5
|
FW
|
2.37
|
0.81
|
0.19
|
32.9
|
2.4
|
LM17-138
|
101+75N
|
203.2
|
205.4
|
1.5
|
FW
|
1.89
|
0.53
|
0.18
|
30.3
|
0.1
|
* All
intervals are core length; true thickness is estimated to be near
core length; FW = Footwall, MZ = Mineralized Zone
|
Lemarchant Area Drilling
The drill program is continuing in the Lemarchant area and is
focused on testing several priority targets located to the north of
the Lemarchant deposit and to the immediate south (see below).
Four drillholes (1,076 metres) tested for down-dip and north
extensions to the Lemarchant Main Zone and two drillholes (872
metres) tested for north extensions to the Northwest Zone. Assay
results from these drillholes are pending.
Two other high priority base metal prospects located in the
Lemarchant area, including Lost Pond and Spencers Pond are being
prepared for drill testing.
Five drillholes, totaling 1,479 metres (LM17-139 to LM17-144)
were completed on a priority target area (T1) located 500 metres
south of the Lemarchant deposit. The five drillholes targeted
conductive zones modelled from the ground electromagnetic (EM)
geophysical surveys completed in June.
Drilling in this area intersected up to 5-metre thick, pyrite
and/or pyrrhotite-rich mudstone horizons similar to those seen
immediately above the massive sulphide mineralization at the
Lemarchant deposit. The iron-rich mudstones are typically located
at the mafic-felsic transition; however, no significant base
mineralization was intersected in these drillholes. Whole rock
geochemical samples are pending and may provide further vectoring
information to mineralization in this 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 Duck Pond Mine.
A NI 43-101 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, 1.19% Pb, 0.58%
Cu, 59.17 g/t Ag and 1.01 g/t Au and; an Inferred Resource of 1.34
million tonnes with an average grade of 3.70% Zn, 0.86% Pb, 0.41%
Cu, 50.41 g/t Ag and 1.0 g/t Au.
Tulks South Project
A second drill is being mobilized to the Tulks South property in
central Newfoundland to begin
testing for massive sulphide mineralization along strike of the
Boomerang-Domino-Hurricane deposit.
A NI 43-101 mineral resource estimate completed for the
Boomerang-Domino deposit in 2007 reported an Indicated Resource of
1.36 million tonnes grading 7.1% Zn, 3.0% Pb, 0.5% Cu, 110 g/t Ag
and 1.7 g/t Au plus an additional Inferred Resource of 0.69 million
tonnes grading 6.5% Zn, 2.8% Pb, 0.4% Cu, 95 g/t Ag and 1.0 g/t
Au.
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.
Quality Assurance and Quality Control
Drillhole intervals are core length with true thickness
estimated to be 85-100% of core length. Samples were sawn from
NQ-sized core with half core sections sealed in plastic bags and
transported by Canadian Zinc personnel to Eastern Analytical Labs
in Springdale, Newfoundland.
Samples were analyzed for Cu, Pb, Zn, Ag and Au at Eastern
Analytical Labs from the 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 Minerals
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