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Canadian Zinc Corporation is a development stage company listed on the Toronto Stock Exchange under the symbol "CZN", in the United States on the OTCQB under the symbol "CZICF" and in Germany on the Frankfurt under the symbol "SRS" and is engaged in the business of exploration and development of natural resource properties. The Company has an experienced Executive and Board and is headquartered in Vancouver, BC.

Prairie Creek Mine, Northwest Territories

Canadian Zinc aims to bring its 100%-owned Prairie Creek Mine into production at the earliest possible date once financing can be arranged. The mine, situated in the Mackenzie Mountains of the Northwest Territories, has a fascinating history which includes the famous Hunt Brothers' plan to corner the world silver market in the early 1980s. The mine hosts substantial resources of high-grade silver, zinc, and lead coupled with the established infrastructure development.

Canadian Zinc completed a Preliminary Feasibility Study ("PFS") in 2012 and in 2016. The 2016 PFS completed at Prairie Creek established a Proven and Probable Mineral Reserve of 7.6 million tonnes averaging 8.93% Zn, 8.33% Pb and 127.58 g/t Ag located in proximity to three underground levels. The Mineral Resources, which are less well-defined than reserves, were estimated to be 8.7 million tonnes of Measured and Indicated Mineral Resources with an average grade 9.5% Zn, 8.9% Pb and 136 g/t Ag (which were subsequently converted into the Reserves) as well as 7.0 million tonnes of Inferred Mineral Resources with an average grade of 11.3% Zn, 7.7% Pb and 166 g/t Ag  (which remain open-ended for future definition drilling).  

These revised numbers represent a 32% increase in the Measured and Indicated Resource tonnage and a 46% increase in the Proven and Probable Reserve tonnage compared to the resource and reserve tonnages in the 2012 Preliminary Feasibility Study.

Prairie Creek has received a positive decision on the Environmental Assessment completed by the Mackenzie Valley Environmental Impact Review Board in December 2011 and in June 2013, the Mackenzie Valley Land and Water Board completed its regulatory process for the issue to Canadian Zinc of a Type "A" Water Licence. This Licence and the Reasons for Decision, which describe the rationale behind the conditions finalized in the Water Licence, was forwarded to the Federal Minister of Aboriginal Affairs and Northern Development Canada with the recommendation that the Minister approve and sign the Licence.

This Licence was signed on September 8, 2013 and, in tandem with receiving the necessary permits from Parks Canada for road access through the Nahanni National Park Reserve, Canadian Zinc now holds all the necessary significant documents for the construction, development and operation of the Prairie Creek Mine.

In April 2014, the Company submitted an application to the Mackenzie Valley Land and Water Board and to Parks Canada for Land Use Permits to permit an All Season Road into the Prairie Creek Mine. The All Season Road will increase the total capex compared with the 2012 PFS; however, it will reduce the mine concentrate inventory tied up at the mine, reduce the risk of delivering concentrates to the market and delivering supplies and equipment into the mine, and enable the consideration of alternative, more environmentally friendly, energy sources.

Public hearings for the All Season Road permit took place in April 2017 and final arguments were submitted in June 2017. In September 2017 the Mackenzie Valley Environmental Impact Review Board issued its Report recommending the approval of the Prairie Creek All Season Road be made subject to implementation of the measures described in the Report. The Report was submitted to the Honourable Carolyn Bennet, Federal Minister of Crown-Indigenous Relations and Northern Affairs for Ministerial approval.

CZN has engaged HCF International Advisers to negotiate terms for debt financing for the Prairie Creek Project. In September 2017, CZN announced the initial results from the 2017 Feasibility Study ("2017 FS") indicating notable improvements to the operation with a minor increase to the capital cost as compared to the 2016 PFS. A Technical Report in support of the 2017 Feasibility Study prepared in accordance with National instrument 43-101 Standards for Disclosure for Mineral Projects was filed in October 2017.

The results of the 2017 FS indicate notable improvements compared to the 2016 PFS completed in 2016 and confirm that the Prairie Creek Mine can support a significant increase in the mining rate and mill throughput that will enable production of higher quantities of zinc, lead and silver, and at lower operating cost as compared to the mine plan presented in the 2016 PFS.

Central Newfoundland Mineral Properties

Canadian Zinc acquired two companies with extensive land packages in central Newfoundland considered highly prospective for copper-lead-zinc-silver-gold Volcanogenic Massive Sulphide ("VMS") deposits. Canadian Zinc now controls in excess of 450 square kilometres of prospective ground that includes three polymetallic deposits with NI 43-101 compliant resources as well as numerous early stage exploration targets.

The South Tally Pond Project is located in a proven base metal mining district, approximately 40 kilometres south of the past-producing Buchans Mine with historic production of 16.2 million tonnes grading 16.2% Zn, 7.6% Pb, 1.37 g/t Au and 126 g/t Ag; and immediately adjacent to Teck Resources Limited's Duck Pond Mine and mill complex which was placed on care and maintenance in 2016. The South Tally Pond Project includes the Lemarchant deposit and the Northwest target which are similar in geology to that of Duck Pond. Additional resources are drill-defined within the Tulks South Project and include the Boomerang and Domino deposits and the Hurricane target while the Long Lake Project hosts the Main Zone deposit, all within 50 kilometres of South Tally Pond.

Canadian Zinc, in collaboration with Buchans Minerals Corporation, ("BMC") agreed to jointly undertake a research program aimed at investigating the technical and economic viability of developing their respective central Newfoundland Zn-Pb-Cu-Ag-Au deposits through a central milling facility. The concept is based on the potential that collectively, the satellite deposits can be economically mined, pre-concentrated, trucked and then milled, simultaneously or sequentially, through a central mill. 

The Company was awarded funding by the Research & Development Corporation of Newfoundland and Labrador ('RDC") through the GeoEXPLORE Industry-led program to undertake a research program to complete physical and metallurgical bench scale studies on four key NI 43-101 compliant Zn-Pb-Cu-Ag-Au VMS deposits. Two of the deposits are held by Canadian Zinc (Lemarchant and Boomerang-Domino) and two are held by BMC (Bobbys Pond and Daniels Pond). In June 2016, the research program was extended to include the Lundberg Cu-Pb-Zn-Ag deposit (100% held by BMC).

The metallurgical research study demonstrated that the ore from the Company’s Lemarchant and Boomerang-Domino deposits can be successfully processed in a central mill using a sequential flotation flowsheet, and that selective zinc, lead and copper concentrates at marketable grades can be produced from these deposits.

The positive results of the research project provide valuable direction to guide future exploration on the Company’s central Newfoundland deposits and the conceptual economic modelling provided key information on which to focus future economic studies and development plans for advancing the development of these deposits through a centralized milling facility. It was recommended that further review of the satellite deposits should be undertaken to examine the potential to increase minable resource size, run of mine ore grades and mine production rates, and to evaluate alternative cost effective mining methods.

In February 2017, the Company initiated a drill program on the South Tally Pond and the Tulks South Projects. At South Tally Pond, the drill program was designed to test for mineralized extensions to the Lemarchant massive sulphide deposit immediately along the strike and up-dip of the currently defined Lemarchant resource. In addition, initial drill testing of an EM target at the Spencers Pond prospect, located along strike approximately 2 kilometres southwest of the Lemarchant deposit was completed.

During the year, more than 20,000 metres of drilling was completed at the South Tally Pond and Tulks South projects. At the Lemarchant deposit, more than 15,000 metres of drilling in 59 drillholes was completed that successfully extended the Lemarchant Main Zone massive sulphide mineralization up-dip, by up to 80 metres over a 250 metre strike length. The vertical depths of the mineralized drill intercepts range from 120 to 170 metres. A geological structural study is underway at the Lemarchant deposit and the Company is preparing an updated National Instrument (“NI”) 43-101 Resource Estimate. This work is expected to be completed later in 2018.

Our Mission Statement

To bring value to our shareholders through the development of advanced precious and base metals projects.