11 September 2018
(September 11, 2018 - Vancouver, British Columbia) NorZinc Ltd. (TSX:NZC; OTCQB:CZICF) (the “Company” or “NorZinc”) is pleased to announce that the Company has changed its name from Canadian Zinc Corporation (previous TSX symbol CZN) and will begin trading on the Toronto Stock Exchange under the new name NorZinc Ltd. and the new symbol “NZC” effective today. A new US symbol for the OTCQB trading has been requested.
The new corporate name is part of a rebranding initiative that will see the Company evolve from a base and precious metal exploration and development company into a zinc, lead and silver (Zn-PbAg) mining company focused in Canada’s north. The Company’s flagship asset is the Prairie Creek Zn-Pb-Ag Mine, which remains 100% owned by subsidiary Canadian Zinc Corporation. A new website for NorZinc is under construction and will be launched in the coming months.
Background on the Prairie Creek Project
The Prairie Creek Mine in the Northwest Territories, Canada was initially developed in the 1980’s, but never placed into production. There is significant existing infrastructure including a 1,000 ton per day mill, 5 kilometres of underground workings, 1,000 metre gravel airstrip, administration, warehouse and workshop buildings with supporting infrastructure including a 7 million litre diesel fuel tank storage farm and over 50 kilometres of exploration roads.
Since 1992, Prairie Creek has undergone significant exploration including 296 surface and underground drillholes totaling 78,587 metres. Prairie Creek has been the subject of two preliminary feasibility studies and a Feasibility Study that was completed in 2017 (“2017 FS”).
The 2017 FS indicates Prairie Creek has the following reserves and resources: