Canadian Zinc Corp. (TSX:CZN,OTCQB:CZICF) provided results from the diamond drill program completed recently on the Lemarchant deposit of its South Tally Pond copper-lead-zinc-silver-gold project, located in Newfoundland, Canada.
Of the 15 holes drilled, nine intersected significant sulfide mineralization. Key results include 8.21-percent zinc, 3.66-percent lead, 0.72-percent copper, 150 grams per tonne (g/t) silver and 3.24 g/t gold over 8.7 meters in the Northwest zone.
Other highlights include:
- Additional massive sulphide mineralization intersected at the Northwest zone discovered in early 2013. The new Northwest zone, located 250 metres northwest of the Lemarchant deposit, now extends over a 100 metre strike length and remains open for expansion.
- Significant precious metal values accompany the Northwest zone base metal mineralization, including samples assaying 463.0 g/t silver over 1.0 metre and 17.5 g/t gold over 0.8 metre.
- Drilling at the North target intersected strongly altered felsic volcanic rocks directly below the overlying basalts, which is similar to the stratigraphy associated with the massive sulphide mineralization of the Lemarchant deposit to the immediate south.