|By Marketwired .||
|June 19, 2014 08:29 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/20/14 -- Canadian Zinc Corporation (TSX:CZN)(OTCQB:CZICF) ("the Company" or "Canadian Zinc") is pleased to announce the results of its 2014 annual general meeting of shareholders (the "Meeting") held in Vancouver, British Columbia on June 19, 2014.
All of the director nominees set out in the management information circular dated May 15, 2014 were unanimously re-elected as directors by a show of hands, to serve until the next annual general meeting of shareholders or until their successors are elected or appointed. The detailed results of the proxies submitted for the vote on the election of directors are as follows:
Percentage of Percentage of Votes Votes Votes For Votes For Withheld Withheld Brian A. Atkins 20,287,305 98.95 215,752 1.05 John F. Kearney 18,528,115 90.37 1,974,941 9.63 John A. MacPherson 19,073,291 93.03 1,429,766 6.97 Dave Nickerson 20,275,382 98.89 227,675 1.11 Alan B. Taylor 18,567,832 90.56 1,935,225 9.44
The shareholders voted in favour of all matters brought before the Meeting. The results of the other matters considered at the Meeting including the appointment of auditors and approval of the Restricted and Deferred Share Unit Plans are reported in the Report of Voting Results as filed on SEDAR on June 19, 2014.
About Canadian Zinc
Canadian Zinc is a TSX-listed exploration and development company trading under the symbol "CZN". The Company's key project is the 100%-owned Prairie Creek Project, a fully permitted, advanced-staged zinc-lead-silver property, located in the Northwest Territories.
The Prairie Creek Project contains a Mineral Reserve of 5.2 million tonnes averaging 9.4% zinc, 9.5% lead and 151 g/t silver. In addition, Prairie Creek hosts an Inferred Resource of 6.2 million tonnes averaging 14.5% zinc, 11.5% lead, 0.57% copper and 229 g/t silver. (AMC Mining Consultants (Canada) Ltd. J M Shannon and D Nussipakynova, Qualified Persons, June 2012).
A Preliminary Feasibility Study was completed by SNC-Lavalin in July 2012. Prairie Creek is an underground operation that will utilize multiple mining methods to access readily available ore. Canadian Zinc has the majority of infrastructure in place including a 1,000 tonne per day mill, five kilometres of underground workings and related equipment, a heavy duty and light duty surface fleet, three exploration diamond drills and a 1,000 m airstrip.
Canadian Zinc also owns an extensive land package in central Newfoundland that it is exploring for Cu-Pb-Zn-Ag-Au deposits. Key projects include the South Tally Pond project (Lemarchant deposit), the Tulks South project (Boomerang-Domino deposit) and Long Lake project (Long Lake deposit). The Company's strategy is to continue build the zinc-copper-lead-silver-gold resources base with the aim of developing the deposits capable of processing through a central milling facility.
John F. Kearney
(416) 368-5344 (FAX)
Alan B. Taylor
Vice President Exploration & Chief Operating Officer
(604) 688-2001 or Tollfree:1-866-688-2001
(604) 688-2043 (FAX)
(416) 368-5344 (FAX)
Canadian Zinc Corporation
E-mail: [email protected]