Click here to close now.

Welcome!

.NET Authors: Carmen Gonzalez, Elizabeth White, Liz McMillan, Greg O'Connor, Jason Bloomberg

News Feed Item

Canadian Zinc Reports Results of 2012 Exploration Program

- Richest silver intercept of 2,059 g/t Ag over 1.3 metres

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/22/12 -- Canadian Zinc Corporation (TSX:CZN)(OTCQB:CZICF) ("the Company" or "Canadian Zinc") is pleased to report results from the 2012 Exploration Program at the Company's 100% owned Prairie Creek Minesite property in the Northwest Territories.

The results include assays from drillhole PC-12-216 which returned a grade of 2,059 g/t silver (or 60 oz./ton silver) over 1.3 metres and is the highest grade silver intercept ever reported from the property. In addition, a significant coincident electromagnetic ("EM") and gravity geophysical anomaly was delineated proximal to the Prairie Creek Minesite property.

Diamond Drill Exploration Program

The 2012 diamond drilling program at Prairie Creek completed 5,629 m of coring in 12 holes. Exploration focused on two areas: at the Minesite area, where further shallow testing and extension of the current resources was completed, and at.Casket Creek where the deep-hole program continued from the previous year.

Alan Taylor, Vice President Exploration and Chief Operating Officer commented that "The 2012 drill program close to the Prairie Creek Minesite was designed to fill in a number of open areas and also to test for extensions of the known resource and the drill results continued to confirm the grade and extent of the deposit. Drillhole PC-12-216, with an intercept of 1.3 metres grading 2059 g/t or 60 oz./ton Ag, returned the highest grades of silver ever reported from a drillhole on the Prairie Creek property",

"The delineation of a new strong coincident EM and gravity geophysical anomaly approximately one kilometre from the Minesite is particularly encouraging and testing this anomaly will be a high priority of the 2013 exploration program" added Mr. Taylor.

Minesite Area Drill Program

Infill drilling focused close to the Minesite and within the defined resource was carried out with the Company's Longyear #1 drill rig. Drilling commenced in June 2012 and was completed in September. Most of these holes were drilled at depth and along strike in the proximity of the known underground workings. Targeted areas included locations that have the potential to be upgraded from the inferred category to the indicated resource category. A total of 3,366 metres over nine holes were drilled, with seven holes completed to target in 2012, six of which intersected significant mineralization and many with multiple intercepts.

Drillhole PC-12-216 returned the highest grades of silver ever reported from a drillhole on the Prairie Creek property with an intercept of 1.3 metres grading 2059 g/t or 60 oz./ton Ag. The same hole also returned a combined grade of 51.3% lead+ zinc over a different intercept of 1.0 metres. Many other intercepts returned multi-ounce silver assays with high lead and zinc values, with Hole PC-12-214 reporting double intercepts of 44% and 23% combined lead+zinc, and Hole PC-12-215 also reporting double intercepts of 43% and 16.2% combined lead+zinc Results are now being incorporated into the mine model and assessed for future exploration planning. Significant results are as follows:


----------------------------------------------------------------------------
                                   Minerali                                 
                                     zation                                 
                             Length   style                                 
Hole ID    From (m)  To (m)  (m)(i)     (i)  Pb (%)  Zn (%) Ag (g/t)  Cu (%)
----------------------------------------------------------------------------
PC-12-217    459.50  460.50    1.00     STK    4.43   15.60       60    0.08
----------------------------------------------------------------------------
             463.60  465.60    2.00     STK    9.09   10.68      141    0.31
----------------------------------------------------------------------------
             469.90  470.90    1.00     STK    0.03    6.42        2    0.01
----------------------------------------------------------------------------
             473.10  474.10    1.00     STK    0.00   12.00        4    0.02
----------------------------------------------------------------------------
             475.95  476.95    1.00     STK    1.69    5.22       33    0.07
----------------------------------------------------------------------------
PC-12-216    418.28  419.59    1.31     STK    4.02   10.30     2059    9.37
----------------------------------------------------------------------------
             431.90  438.00    6.10     STK    2.04    6.12       19    0.03
----------------------------------------------------------------------------
             447.14  448.14    1.00     STK   31.10   20.20      184    0.56
----------------------------------------------------------------------------
PC-12-215    507.34  508.34    1.00     STK    1.35    2.88      126    0.27
----------------------------------------------------------------------------
             517.20  518.46    1.26     STK    0.86   18.48       16    0.04
----------------------------------------------------------------------------
             527.55  528.05    0.50     STK    3.83    2.08       82    0.20
----------------------------------------------------------------------------
             575.59  576.34    0.75     STK   14.02    1.40      103    0.03
----------------------------------------------------------------------------
             578.51  579.35    0.84     STK   36.90    6.30      268    0.04
----------------------------------------------------------------------------
PC-12-214    129.06  130.45    1.39       S    0.13   10.70        2    0.00
----------------------------------------------------------------------------
             152.84  153.74    0.90       S    9.07   19.50      TBD    0.45
----------------------------------------------------------------------------
             191.00  191.60    0.60       S   13.88   30.17        4    0.69
----------------------------------------------------------------------------
             305.00  306.80    1.80     MQV   18.67    4.61      TBD    0.22
----------------------------------------------------------------------------
PC-12-212    210.43  214.26    3.83     SMS    4.20   10.65       28    0.02
----------------------------------------------------------------------------
             217.77  219.94    2.17     SMS    3.10    1.43       20    0.00
----------------------------------------------------------------------------
PC-12-211    215.62  216.39    0.77     MQV    3.87    4.66       47    0.13
----------------------------------------------------------------------------
                                                                            

--  Mineralization styles are defined as mineralized quartz vein (MQV),
    stratabound massive sulphides (SMS), stockwork (STK), or sulphides (S). 

--  Drill intercepts are not true widths 

The Company's Longyear #2 drill rig was rehabilitated during 2012 and used as a training drill on one short hole.

Casket Creek Deep-Hole Program

The deep-hole diamond drill exploration program at Casket Creek, 1.6 kilometres north of the current mineral resource, utilized the Company's TM-2500 coring rig. Following encouraging results from this area in 2011, drilling at Casket Creek commenced in May 2012 to search below PC-11-187W2, which intersected 5% Pb and 11% Zn over 3.5 metres. A total of 2,182 metres over two drillholes (with wedging) was completed. Assay results for the 2012 deep drill program are as follows:


----------------------------------------------------------------------------
                                  Length                                    
Hole          From (m)   To (m)   (m)(i)   Pb (%)   Zn (%) Ag (g/t)   Cu (%)
----------------------------------------------------------------------------
PC-12-206      1763.14  1764.04     0.90     4.23     2.97     31.4    0.001
----------------------------------------------------------------------------
PC-12-206      1831.90  1832.74     0.84     0.26     0.11     31.9    0.148
----------------------------------------------------------------------------
                                                                            

--  Drill intercepts are not true widths 

The drill core confirmed stratigraphy and contained a number of significant structural zones that are weakly mineralized and likely correlate with the previous years' intercept. A third hole, PC-12-213 was halted due to drilling difficulties within a significant fault structure, believed to be the main structural target. After completing this phase of drilling at Casket Creek the drill rig was moved back to the Prairie Creek Minesite for maintenance and winter storage. Further exploration work in this area is being planned for 2013.

Geophysical Program

A geophysical program involving surface and downhole EM and surface gravity surveys was completed in the proximity of the Mine in August 2012. Geophysical surveys at Prairie Creek are somewhat impeded by mountainous terrain, variable amounts of conductive background minerals, and unknown electrical conductivity properties. The last previous geophysical survey was conducted at Prairie Creek in 1995. A short geophysical exploration program was designed in 2012 to test the applicability of modern geophysical survey techniques on the property. A ground-based approach was selected in order to maximize survey sensitivity.

The results define a strong multi-channel EM anomaly located approximately one kilometre from the Minesite, located outside but adjacent to the defined mineral resource. A coincident gravity anomaly was also identified over the same area by a loose-grid gravity survey. This multi-stacked geophysical anomaly has an estimated depth to the source between 200 and 450 metres below surface and remains untested by drilling. Further interpretation and analysis is underway to test this anomaly in 2013.

Mapping Program

The Prairie Creek property contains numerous metal showings throughout its 16 kilometre strike length, some of which have been sampled and drilled in previous years. Showings are referred to as Zones and are generally separated by approximately one kilometre spacings, including Zones 1-3 which contain the current defined resource at the Minesite, then extending 10 kilometres to the south to Zone 12. Mostly, only historical analyses are available in this area and so a new property-wide comprehensive 1:2,000 scale geological map was compiled in September 2012 along with an up-to-date trench sampling program.

The existing Prairie Creek Mining Leases were the focus of the program and were accessed by the network of existing roads in the area with additional traversing as needed. LIDAR and orthophoto surveys were flown earlier in 2012, and provided an accurate base to plot observations from a total of 225 kilometres of traverses. Previously mapped areas were incorporated and infill mapping and resampling of trenches was completed. A georeferenced photographic dataset was also acquired throughout the property.

Select results from trench sampling in some of the southern Zones are as follows:


----------------------------------------------------------------------------
Zone      Sample Type Length (m)     Pb (%)     Zn (%)   Ag (g/t)     Cu (%)
----------------------------------------------------------------------------
Zone 5           Chip       0.40       16.7       11.7        279       0.86
----------------------------------------------------------------------------
Zone 5           Grab        N/A       74.1        1.6        697       0.60
----------------------------------------------------------------------------
Zone 5           Grab        N/A       66.3        0.7       1038       1.80
----------------------------------------------------------------------------
Zone 5           Grab        N/A       42.2        8.1        489       0.63
----------------------------------------------------------------------------
Zone 5           Grab        N/A       45.5        2.6        633       0.77
----------------------------------------------------------------------------
Zone 5           Grab        N/A       41.4        0.2        440       0.08
----------------------------------------------------------------------------
Zone 5           Grab        N/A         34        1.2        491       0.68
----------------------------------------------------------------------------
Zone 6        Channel       0.69        8.6        9.4        145       0.23
----------------------------------------------------------------------------
Zone 6           Chip       2.00       20.5       11.3        274       0.35
----------------------------------------------------------------------------
Zone 6           Grab        N/A       12.2       12.9        194       0.40
----------------------------------------------------------------------------
Zone 6           Grab        N/A       12.8        4.7        188       0.24
----------------------------------------------------------------------------
Zone 7        Channel       1.10       15.5       26.5        233       0.85
----------------------------------------------------------------------------
Zone 7        Channel       1.70       15.3        7.2        223       0.19
----------------------------------------------------------------------------
Zone 7           Chip       1.90        6.9       17.7        102       0.38
----------------------------------------------------------------------------
Zone 7           Chip       2.00        7.3       13.8        208       0.54
----------------------------------------------------------------------------
Zone 7           Grab        N/A       50.4        0.4        965       0.92
----------------------------------------------------------------------------
Zone 8        Channel       1.40       10.7       17.2        214       0.19
----------------------------------------------------------------------------
Zone 8        Channel       0.88        7.8       10.7        395       0.60
----------------------------------------------------------------------------
Zone 8           Chip       2.00       20.6       29.6        321       0.45
----------------------------------------------------------------------------
Zone 8           Chip       2.85       17.1       17.4        250       0.25
----------------------------------------------------------------------------
Zone 8           Chip       1.90       16.8       11.8        342       0.39
----------------------------------------------------------------------------
Zone 10       Channel       0.66       10.5        9.1        266       0.60
----------------------------------------------------------------------------
Zone 10          Chip       4.00       21.2       14.3        279       0.40
----------------------------------------------------------------------------
Zone 10          Chip       4.00        5.5        8.4        118       0.31
----------------------------------------------------------------------------
Zone 10          Grab        N/A         21        6.6        176       0.13
----------------------------------------------------------------------------
Zone 11          Chip       0.42        7.3       23.2         80       0.26
----------------------------------------------------------------------------

The mapping database is presently being compiled from more than 1,300 field observations in a Geographic Information System and will provide a solid basis for planning future exploration of the extensive length of the Prairie Creek property.

Quality Assurance and Quality Control

The drill core samples were cut by diamond saw and securely, through chain of custody, shipped to AGAT Laboratories for initial multi-element assay by ICP-OES analysis. Further assays and analysis was completed where appropriate and standards, duplicates and blanks were inserted and included within the analysis. Alan Taylor, P. Geo., Chief Operating Officer & Vice President Exploration and a Director of Canadian Zinc Corporation, is responsible for the exploration program, and is a Qualified Person for the purposes of NI 43-101 and has approved this press release.

About Canadian Zinc

Canadian Zinc is a Toronto-listed exploration and development company. 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 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).

A Pre-Feasibility study completed by SNC Lavalin in June 2012 indicates a pre-tax net present value ("NPV") of $253 million using an 8% discount, with an internal rate of return ("IRR") of 40.4% and payback period of 3 years using long-term metal price projections of $1.00/lb zinc, $1.00/lb lead and $26.00/oz. silver, based on the Mineral Reserve alone.

Canadian Zinc also holds the South Tally Pond VMS exploration project in Newfoundland, where a winter drilling program is planned.

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. The Company does not currently hold a permit for the operation of the Prairie Creek Mine. 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
So I guess we’ve officially entered a new era of lean and mean. I say this with the announcement of Ubuntu Snappy Core, “designed for lightweight cloud container hosts running Docker and for smart devices,” according to Canonical. “Snappy Ubuntu Core is the smallest Ubuntu available, designed for security and efficiency in devices or on the cloud.” This first version of Snappy Ubuntu Core features secure app containment and Docker 1.6 (1.5 in main release), is available on public clouds, and for ARM and x86 devices on several IoT boards. It’s a Trend! This announcement comes just as...
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Raspberry Pi, BeagleBone, Spark and Intel Edison. You will also get an overview of cloud technologies s...
The best mobile applications are augmented by dedicated servers, the Internet and Cloud services. Mobile developers should focus on one thing: writing the next socially disruptive viral app. Thanks to the cloud, they can focus on the overall solution, not the underlying plumbing. From iOS to Android and Windows, developers can leverage cloud services to create a common cross-platform backend to persist user settings, app data, broadcast notifications, run jobs, etc. This session provides a high level technical overview of many cloud services available to mobile app developers, includi...
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Health care systems across the globe are under enormous strain, as facilities reach capacity and costs continue to rise. M2M and the Internet of Things have the potential to transform the industry through connected health solutions that can make care more efficient while reducing costs. In fact, Vodafone's annual M2M Barometer Report forecasts M2M applications rising to 57 percent in health care and life sciences by 2016. Lively is one of Vodafone's health care partners, whose solutions enable older adults to live independent lives while staying connected to loved ones. M2M will continue to gr...
While not quite mainstream yet, WebRTC is starting to gain ground with Carriers, Enterprises and Independent Software Vendors (ISV’s) alike. WebRTC makes it easy for developers to add audio and video communications into their applications by using Web browsers as their platform. But like any market, every customer engagement has unique requirements, as well as constraints. And of course, one size does not fit all. In her session at WebRTC Summit, Dr. Natasha Tamaskar, Vice President, Head of Cloud and Mobile Strategy at GENBAND, will explore what is needed to take a real time communications ...
SYS-CON Events announced today that Vicom Computer Services, Inc., a provider of technology and service solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. They are located at booth #427. Vicom Computer Services, Inc. is a progressive leader in the technology industry for over 30 years. Headquartered in the NY Metropolitan area. Vicom provides products and services based on today’s requirements around Unified Networks, Cloud Computing strategies, Virtualization around Software defined Data Ce...
Dave will share his insights on how Internet of Things for Enterprises are transforming and making more productive and efficient operations and maintenance (O&M) procedures in the cleantech industry and beyond. Speaker Bio: Dave Landa is chief operating officer of Cybozu Corp (kintone US). Based in the San Francisco Bay Area, Dave has been on the forefront of the Cloud revolution driving strategic business development on the executive teams of multiple leading Software as a Services (SaaS) application providers dating back to 2004. Cybozu's kintone.com is a leading global BYOA (Build Your O...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that Ciqada will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Ciqada™ makes it easy to connect your products to the Internet. By integrating key components - hardware, servers, dashboards, and mobile apps - into an easy-to-use, configurable system, your products can quickly and securely join the internet of things. With remote monitoring, control, and alert messaging capability, you will meet your customers' needs of tomorrow - today! Ciqada. Let your products take flight. For more inform...
What exactly is a cognitive application? In her session at 16th Cloud Expo, Ashley Hathaway, Product Manager at IBM Watson, will look at the services being offered by the IBM Watson Developer Cloud and what that means for developers and Big Data. She'll explore how IBM Watson and its partnerships will continue to grow and help define what it means to be a cognitive service, as well as take a look at the offerings on Bluemix. She will also check out how Watson and the Alchemy API team up to offer disruptive APIs to developers.
The IoT Bootcamp is coming to Cloud Expo | @ThingsExpo on June 9-10 at the Javits Center in New York. Instructor. Registration is now available at http://iotbootcamp.sys-con.com/ Instructor Janakiram MSV previously taught the famously successful Multi-Cloud Bootcamp at Cloud Expo | @ThingsExpo in November in Santa Clara. Now he is expanding the focus to Janakiram is the founder and CTO of Get Cloud Ready Consulting, a niche Cloud Migration and Cloud Operations firm that recently got acquired by Aditi Technologies. He is a Microsoft Regional Director for Hyderabad, India, and one of the f...
SYS-CON Events announced today that GENBAND, a leading developer of real time communications software solutions, has been named “Silver Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. The GENBAND team will be on hand to demonstrate their newest product, Kandy. Kandy is a communications Platform-as-a-Service (PaaS) that enables companies to seamlessly integrate more human communications into their Web and mobile applications - creating more engaging experiences for their customers and boosting collaboration and productiv...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
SYS-CON Events announced today that BroadSoft, the leading global provider of Unified Communications and Collaboration (UCC) services to operators worldwide, has been named “Gold Sponsor” of SYS-CON's WebRTC Summit, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BroadSoft is the leading provider of software and services that enable mobile, fixed-line and cable service providers to offer Unified Communications over their Internet Protocol networks. The Company’s core communications platform enables the delivery of a range of enterprise and consumer calling...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, will provide some practical insights on what, how and why when implementing "software-defined" in the datacenter.
SYS-CON Media announced today that @ThingsExpo Blog launched with 7,788 original stories. @ThingsExpo Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @ThingsExpo Blog can be bookmarked. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago.
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting wearables as fashion accessories and moving away from the original clunky technology associated with t...