Canadian Zinc Corporation (TSX: CZN; OTCQB: CZICF) (“the Company” or “Canadian Zinc”) is pleased to provide an update on the 2013 Phase 2 diamond drill program underway on its wholly owned South Tally Pond copper-lead-zinc-silver-gold project in central Newfoundland. The South Tally Pond project is located adjacent to, and in the same volcanic belt as, the Duck Pond copper-zinc mine and mill complex operated by Teck Resources.
Assay results from first six drillholes (2,350 metres) of a planned 6,000 metre drill program have been received. The initial six drillholes were aimed at extending the newly discovered Northwest Zone massive sulphide mineralization located 250 metres northwest of the Lemarchant deposit (see CZN press release dated February 27, 2013).
The current drilling program has successfully extended the Northwest Zone mineralization 50 metres to the south of the two discovery drillholes, LM13-73 and LM13-74 (Section 106+00N).
Drillhole LM13-82 intersected a well mineralized interval between 309.0 and 351.6 metres downhole (42.6 m) which includes a base metal sulphide zone from 309 to 312 metres and a barite zone from 332.6 to 351.6 metres.
Drillhole LM13-83, located 35 metres up-dip of the LM13-82 intersection, cored a well mineralized interval between 275.1 and 354.1 metres downhole that contains local semi-massive to massive base metal sulphide zones.
The other four drillholes (LM13-84 to LM13-87) for which assays have been received to date all intersected favourable felsic volcanic stratigraphy similar to that associated with base metal sulphide zones.
Each drillhole contains locally anomalous disseminated to stringer base metal mineralization.
