The Prospector News

Canadian Zinc Commencing New Drill Program at Prairie Creek

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

 

 

 

 

 

 

Canadian Zinc Corporation (TSX:CZN)(OTCQB:CZICF) is pleased to report a new diamond drill exploration program is set to commence at the Company’s Prairie Creek Project, Northwest Territories.

 

Five drill holes totalling approximately 2,500 metres of coring are planned to test a large multi-stacked gravity and electromagnetic geophysical anomaly that is estimated to be at a depth of between 200 and 450 metres below surface, situated approximately one kilometre from the mine site, outside but adjacent to the defined mineral resource. The drill rig is being mobilized to the first pad and drilling is expected to commence by the end of the week.

 

Alan Taylor, Vice President of Exploration and COO of Canadian Zinc stated, “The delineation at the end of last season of a new strong coincident EM and gravity geophysical anomaly adjacent to the defined deposit was particularly interesting and we are anxious to drill test it. The discovery of any resource in this area could have a significant impact on the economics of the existing project and future implications on additional property-wide exploration at Prairie Creek.”

 

In 2012, a geophysical exploration program involving surface and downhole electromagnetic and surface gravity surveys was completed in the proximity of the Prairie Creek deposit. The results defined a strong multi-channel EM anomaly. A coincident gravity anomaly was also identified over the same area by a loose-grid gravity survey.

 

This 2013 drill program is fully supported by a recently completed $4 million flow-through financing which closed on August 20, 2013 (refer to Company news release of same date). The Company has mobilized one of its three surface diamond drill rigs to commence this program which will continue for the next two months.

 

Prairie Creek Mine Background

 

The Company’s main project is the 100%-owned Prairie Creek zinc, silver and lead project located in the Northwest Territories, Canada. The Prairie Creek Project contains a Mineral Reserve of 5.2 million tonnes averaging 9.4% zinc, 9.5% lead and 151 g/t silver. In addition, Prairie Creek hosts an Inferred Resource of 6.2 million tonnes averaging 14.5% zinc, 11.5% lead, 0.57% copper and 229 g/t silver. (AMC Mining Consultants (Canada) Ltd. J M Shannon and D Nussipakynova, Qualified Persons, June 2012).

 

The Mackenzie Valley Land and Water Board completed its regulatory process July 5, 2013 by finalizing a Type “A” Water Licence and subsequently forwarding it to the Minister of Aboriginal Affairs and Northern Development Canada with the recommendation that the Minister approve and sign the Licence. The MVLWB has previously issued three Land Use Permits and a Type “B” Water Licence to the Company for future operations.

 

About Canadian Zinc

 

Canadian Zinc is a TSX-listed exploration and development company trading under the symbol “CZN”. The Company’s key projects are the 100%-owned Prairie Creek property, an advanced-staged zinc-lead-silver property, located in the Northwest Territories in Canada and the 100% owned South Tally Pond project, which includes the Lemarchant deposit, along with other property interests in central Newfoundland.

Posted September 4, 2013

Share this news article

MORE or "UNCATEGORIZED"


Fortuna Reports First Quarter 2021 Financial Results

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reported record... READ MORE

May 10, 2021

McEwen Mining Reports Upbeat Exploration & Delineation Results

Including true width intervals of 6.08 g/t Au over 25.7 m at Stoc... READ MORE

May 10, 2021

Imperial Reports First Quarter 2021 Financial Results

Imperial Metals Corporation (TSX:III) reports financial results ... READ MORE

May 10, 2021

McEwen Mining: Q1 2021 Results

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)  reported its first qu... READ MORE

May 10, 2021

Cameco reports first quarter results, Cigar Lake restart and the continued execution of strategy to support global clean-air transition

Cameco (TSX: CCO) (NYSE: CCJ) reported its consolidated financial... READ MORE

May 7, 2021

Copyright 2021 The Prospector News