|T.S.E. SYMBOL: CZN
S.E.C. Registration: 0-22216
LARGE ZINC ANOMALY DISCOVERED AT GATE CLAIMS, NWT.
|Vancouver, British Columbia, January 25, 2000:
Canadian Zinc Corporation has discovered an extensive surface geochemical zinc anomaly, 5 kilometers south of its recently announced vein discovery on the 100% owned Gate claims.
This new zinc anomaly is 800 meters long by 500 meters wide and open along strike. It is defined by greater than 1000 ppm zinc values in soils, correlated across 4 separate sample lines spaced 200 meters apart. Located above valley floor, the anomaly appears to outline relatively horizontal underlying stratigraphy within rock formations which are similar to those that occur at the Prairie Creek minesite. The anomaly also straddles the same fault system that hosts in-situ vein-type mineralization recently discovered 5 kilometers to the north on the Gate claims. The anomaly features many similarities to that of the more lithologically controlled stratiform mineralization found at the Prairie Creek minesite. Over 980 soil samples were collected and analyzed by ICP methods for 32 elements by Acme Laboratories of Vancouver.
The anomaly is located 160 kilometers north of Fort Liard where Chevron Canada Resources Ltd. recently announced the discovery of a second fast-flowing gas well. This gas discovery together with the further possibility of additional gas discoveries closer to the Prairie Creek minesite bode well for the energy requirements and economics of the project.
These recent zinc/silver discoveries are indicative of the mineral potential of this underexplored region. Validation of this new anomaly by drilling would confirm the Prairie Creek basin as a multi-deposit district. The mineral potential of this area has already been demonstrated by the continued expansion of the Prairie Creek deposit currently hosting an open-ended resource of 11.8 million tonnes of 12.5% zinc, 10.1% lead, 161 g/t silver and 0.4% copper. Canadian Zinc plans to further test these anomalies by drilling and to conduct further regional exploration.
|Alan Taylor, P.Geo., President||(CANADA):||(604) 688-2001|