ENP Newswire - 20 December 2013 Release date- 19122013 - Vancouver, British Columbia , Canada - Canada Zinc Metals Corp. ( TSX Venture Exchange : CZX) is pleased to announce a non-brokered private placement of up to 1,500,000 flow-through common shares of the Company at a price of $0.40 per Flow-Through Share, for the total proceeds of $600,000 . A finder's fee of 4% will be paid in cash. The Company has agreed to allocate the Offering to subscribers found by Secutor Capital Management Corp. The private placement is subject to TSX Venture Exchange approval. The proceeds are to be used for further exploration of the Akie SEDEX zinc-lead property and to explore the Kechika Regional project - the balance of the Company's portfolio of mineral holdings located within the highly prospective Kechika Trough SEDEX zinc-lead basin of northeastern British Columbia . About the Akie Property The Akie zinc-lead property is situated within the southern-most part (Kechika Trough) of the regionally extensive Paleozoic Selwyn Basin , one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits. Drilling on the Akie property by Inmet Mining Corporation during the period 1994 to 1996 and by Canada Zinc Metals since 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization ( Cardiac Creek deposit). The deposit is hosted by variably siliceous, fine grained clastic rocks of the Middle to Late Devonian 'Gunsteel' formation. The Company has outlined a NI 43-101 compliant inferred resource of 23.6 million tonnes grading 7.6% zinc, 1.5% lead and 13.0 g/t silver (at a 5% zinc cut off grade). In addition to the Akie property, Canada Zinc Metals Corp. controls a large contiguous group of claims which comprise the Kechika Regional project. These claims are underlain by geology identical to that on the Akie property ( Cardiac Creek deposit) and Cirque. This project includes the 100% owned Mt. Alcock property, which has yielded a historic drill intercept of 8.8 metres grading 9.3% zinc+lead, numerous zinc-lead-barite occurrences, and several regional base metal anomalies. Contact: Canada Zinc Metals Corp. Suite 2050 - 1055 West Georgia Street Vancouver, BC V6E 3P3 Canada Tel: +1 (604) 684-2181 Toll Free: 1-855-684-2181 Fax: +1 (604) 682-4768 Email: firstname.lastname@example.org [Editorial queries for this story should be sent to email@example.com ] ((Comments on this story may be sent to firstname.lastname@example.org ))
Most Popular Stories
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- Some California Cities Seeking Water Independence
- Will Missing Malaysian Jet Prompt Aviation System Change?
- Keurig Adds Peet's coffee, Alters Starbucks deal
- Quiznos Files for Chapter 11
- Obama Seeks to Stay Neutral in CIA-Senate Conflict
- President Obama Touts Overhaul of Overtime Rules