Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Canada Zinc Metals Corp. V.CZX

"Canada Zinc Metals Corp is a Canada based company that operates only in one business segment, that being the Exploration and Evaluation of resource properties. The organization extracts majorly zinc, lead, and silver, out of which zinc provides more revenue to the company."


TSXV:CZX - Post by User

Post by ilikeznon Apr 10, 2015 7:12pm
142 Views
Post# 23618406

Good News -- COMPLETES LARGE AIRBORNE GEOPHYSICAL SURVEY

Good News -- COMPLETES LARGE AIRBORNE GEOPHYSICAL SURVEY Friday April 10 2015 - News Release CANADA ZINC METALS COMPLETES LARGE AIRBORNE GEOPHYSICAL SURVEY Canada Zinc Metals Corp. has provided the following update. CGG of Mississauga, Ont., has completed a large, helicopter-borne Falcon gravity gradiometry survey over the Akie, Mt. Alcok and Yuen North properties. The Company previously announced the commencement of the survey in November 2014; however inclement weather forced an early shutdown of the program. Favorable weather conditions in mid-February allowed the recommencement of the survey and it was completed during March. This survey represents the first of its type to be flown in the Kechika Trough. The survey was flown over two large property blocks covering the Akie, Mt. Alcok and Yuen North properties. Flight lines were flown orthogonal to the dominant geological fabric of the area (NE-SW @50degree) with a nominal spacing of 200 metres. The two survey blocks represent an approximate total of 940 line kilometres. As previously announced, Teck Resources Limited ("Teck" TSX:TCK.B) undertook a similar survey over the Company's 100%-owned Pie, Cirque East and Yuen contiguous block of properties. That survey totaled approximately 840 line kilometres, for combined survey coverage of 1,780 line kilometres, covering a lineal distance of 45 kilometres of prospective Gunsteel Formation stratigraphy. The Pie, Yuen and Cirque East properties are the subject of an option agreement concluded on September 9, 2013 with Teck 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. The primary goal of the airborne gravity survey was to target large massive sulphide bodies that are expected to produce positive gravity anomalies within the highly prospective Gunsteel Formation. The previous 2012 and 2013 VTEM surveys allowed the Company to accurately trace the Gunsteel Formation across the Akie property and along the entire 140 kilometres of strike length encompassing the Kechika Regional properties, due to its conductive characteristics. Known mineralization such as the Cardiac Creek and Mt. Alcok deposits are located along these conductive trends and data collected from the gravity survey will be used in drill targeting along strike of these zones. The gravity data will also be useful in delineating new targets in areas of coincident anomalous soil and rock samples and EM conductivity. SEDEX lead-zinc-silver deposits are known to commonly exhibit positive gravity anomalies. Data from the surveys is anticipated to be available in the coming weeks; affording the Company time to use the acquired information to assist in drill targeting for the planned 2015 drill program. Results from this survey will be compiled along with airborne VTEM survey data collected from earlier surveys in 2012 and 2013. To assist in the data processing, interpretation, definition and delineation of gravity anomalies the Company has retained the services of Kit Campbell of Campbell and Walker Geophysics Ltd. President and CEO of Canada Zinc Metals, Peeyush Varshney, commented, "The gravity gradiometry survey is a key component in Canada Zinc Metals' exploration strategy, representing an effective tool to rapidly assess the Company's Akie property and several of the other extensive tenure holdings in the Kechika Trough. We look forward to making use of the airborne geophysical results as we continue to prioritize our list of key drill targets for the 2015 drill program. The gravity survey will provide key insights into the characteristics of the Gunsteel Formation, especially in areas of known exposed barite mineralization, such as at Mt. Alcok and at the Sitka showing on the Akie property."
<< Previous
Bullboard Posts
Next >>