NORTHWEST TERRITORIES – CANADIAN ZINC CORP. of Vancouver reports that a new underground crosscut at its Prairie Creek property has intersected excellent grades. The Prairie Creek project was under development by the Hunt Brothers of Texas before they abandoned it in 1982 when silver prices collapsed.
The crosscut exposed a 6.5-m vein for over 10 m. Samples taken from the north and south walls of the crosscut averaged 1.20% Cu, 17.02% Pb, 21.30% Zn and 413 g/t Ag. Samples from three rounds of blasting averaged 0.504% Cu, 16.38% Pb, 19.01% Zn and 250 g/t Ag.
Canadian Zinc (www.CanadianZinc.com) is preparing to mine the deposit. At present there are over 5 km of underground development, including three levels, completed. A new decline has reached a length of 210 m from its collar on the tracked 870 level. The decline will allow further underground diamond drilling. The Prairie Creek project has geological resources of 11.85 million tonnes grading 12.5% Zn, 10.1% Pb and 161 g/t Ag.