Canada Zinc Metals

A 5000 metre drill program is under way at the Akie project in British Columbia. (Image: Canada Zinc Metals)

Canada Zinc Metals - (CZX:TSXV) - Canada Zinc Metals has released plans for the 2015 field season at the Akie project in northeast British Columbia.  Field crews are in place and 5000 metres of drilling is expected to take place targeting the Cardiac Creek deposit.

The goal of the program is resource growth from the April 2012 NI -43101 resource estimate. Holes will target lower sections of the current indicated and inferred resource (shown below).

  • Indicated 12.7 million tonnes grading 8.4% zinc, 1.7% lead and 13.7 g/t silver (at a 5% zinc cut-off )
  • Inferred   16.3 million tonnes grading 7.4% zinc, 1.3% lead and 11.6 g/t silver (at a 5% zinc cut-off )

Akie is one of the highest grade undeveloped zinc projects in the world with excellent exploration potential to grow in size.

The central core represents the highest-grade and thickest area of the deposit. Several drill holes have been planned to test the down-dip extent of this high grade core. CZX is hoping to hit additional mineralization at depth. If they do the resource will grow.

Peeyush Varshney, president and chief executive officer of the company, stated: "After a busy winter of data compilation, processing and interpretation of airborne gravity data, and drill planning, we are pleased to be active again on the Akie property. An early spring and snow-free conditions has allowed easy access to the property, and we will commence drilling shortly. The camp is open, and the drill and field crews are mobilizing to site. We anticipate exciting drill results and expect to have drill results to report over the summer and fall months."

Canada Zinc Metals 1 year chart

A 1 year chart of the stock shows CZX trading near 52 week lows last at 23 cents.

CZX has $10 million in working capital with a $2 million dollar program planned for this summer. Teck and Korea Zinc are also expected to be funding an exploration program on the optioned Pie, Yuen and Cirque East properties.

As zinc enters a greater supply/demand deficit I would expect the zinc price to move and attract significant investor attention. One option that is flying under the radar is Canada Zinc Metals. With steady news flow (assays) and a possible zinc price move (many analysts expecting) it could be a great time to start looking at zinc stocks.

Read:  Canada Zinc Metals Commences Exploration Program at Akie

Related: Canada Zinc Metals: A well funded Zinc play ready for the space to turn

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This is not investment advice. All facts are to be checked and verified by reader. As always please do your own due diligence. Canada Zinc Metals is an advertiser on CEO.ca. Visit Canada Zinc's profile on www.SEDAR.com for important information pertaining to risks. This article may contain forward-looking statements which are based on various assumptions and estimates by Canada Zinc Metals and involves a number of risks and uncertainties. Readers should not place undue reliance on forward-looking statements. Canada Zinc Metals expressly disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.