CZM Capital Corp. is a resource exploration company focused on the exploration and development of Gold, Silver and Precious Metal properties in Canada.
In June 2006, CZM announced results from twelve holes drilled on its TAG gold-silver property within the Atlin Mining Division of British Columbia. The Property is located 6 km north of the past producing Engineer Gold Mine.
Grades from drilling range up to 7.5g/t Au and up to 106.5g/t Ag including 12.45m of 2.7g/t gold and 15.1g/t silver.
The management of CZM is very encouraged by the results of this drill program and the Company is currently engaged in a Phase 2 work program including up to 2000m of drilling.
| Tagish 025 Gold-Silver Property, Atlin, B.C. |
CZM recently entered into an option agreement to acquire a 100% interest in the TAG Gold Silver Property within the Atlin Mining Division of British Columbia. The Property is located 35 km west of Atlin, British Columbia on the east shore of Taku Arm, Tagish Lake. The property is located 6 km north from the past producing Engineer Mine.
The claim group consists of 65 cell claims totaling over 1000 hectares. The claims were staked in 1988 by G.R.Thompson upon the discovery of an outcrop of gold bearing breccia near the shore of Tagish Lake. The property is bounded to the west by the long-lived deep-seated Llewellyn Fault system and the Coast Crystalline Complex. The claims cover a 6 km long, 10-100 m wide splay fault off the Llewellyn Fault system. Phyllic, illite, silica and carbonate are the main alteration assemblages associated with epithermal-mesothermal quartz flooding stockwork-microstockwork and breccia. Also, mineralization is hosted within sediments without quartz. Gold and silver mineralization occurs in the hanging and footwall as native metal and associated with disseminations, blebs and fracture fillings of arsenopyrite, pyrite. 3 km of anomalous gold-silver strike from 4 zones have been identified to date within the 6km structure.
In May 2006, CZM completed a 1400 metre drill program over 1.2km of the 6km structure. Six holes were completed on the Main Zone and six were completed on the Bearox Zone. The drilling was done from three drill pads per Zone spaced approximately 50m apart. Two drill holes were completed from each pad.
The drilling was being conducted to test the structure that was identified by surface prospecting, trenching and soil geochemistry by the property vendor.
Grades range up to 7.5g/t Au and up to 106.5g/t Ag. Weight averaged intersections of the twelve holes are as follows:
| Main Zone |
| Hole No |
From m |
To m |
Int. m |
Au g/t |
Ag g/t |
| TAG-06-01 |
24.20 |
35.30 |
11.00 |
2.4 |
10.1 |
| TAG-06-02 |
16.8 |
19.0 |
2.2 |
1.5 |
12.4 |
| |
27.7 |
29.8 |
2.1 |
1.1 |
1.7 |
| |
36.0 |
51.1 |
15.1 |
2.1 |
10.7 |
| TAG-06-03 |
25.85 |
43.3 |
17.45 |
2.3 |
11.7 |
| TAG-06-04 |
34.65 |
36.1 |
1.45 |
3.1 |
20.7 |
| |
43.75 |
54.2 |
10.45 |
2.0 |
10.6 |
| TAG-06-05 |
26.10 |
31.90 |
5.80 |
2.9 |
12.6 |
| |
34.30 |
38.30 |
4.00 |
2.3 |
9.5 |
| TAG-06-06 |
45.1 |
59.4 |
14.3 |
1.9 |
15.0 |
| Bearox Zone |
| Hole No |
From m |
To m |
Int. m |
Au g/t |
Ag g/t |
| TAG-06-07 |
27.90 |
32.90 |
5.00 |
2.0 |
4.0 |
|
35.10 |
38.10 |
3.00 |
2.5 |
5.0 |
| TAG-06-08 |
37.15 |
37.75 |
0.60 |
1.2 |
1.9 |
| TAG-06-09 |
36.85 |
46.60 |
9.75 |
1.8 |
5.1 |
| TAG-06-10 |
24.30 |
26.30 |
2.00 |
1.0 |
2.3 |
|
51.50 |
54.50 |
3.00 |
2.0 |
7.1 |
| TAG-06-11 |
26.80 |
33.60 |
6.80 |
1.3 |
3.5 |
|
45.70 |
52.80 |
7.10 |
1.0 |
3.6 |
| |
88.70 |
90.70 |
2.00 |
1.2 |
2.0 |
| TAG-06-12 |
38.80 |
46.30 |
7.50 |
1.4 |
3.3 |
|
59.40 |
60.40 |
1.00 |
1.2 |
2.5 |
The intersections listed above are not true widths as the orientation of the mineralized zone has not yet been determined. Also additional sampling will be completed in all holes above and below to determine if the gold-silver values extend beyond the upper and lower margins of the intersections quoted above.
The Main and Bearox Zones consist of quartz breccia and stockwork veining within the "025 Fault" and also incorporates sulphide veinlets and disseminations in the wallrock adjacent to the fault.
Previous work shows the Main Zone strikes for 360m and has varied widths up to 15m. Rock samples collected by the property vendor returned up to 8.7 g/t Au and 1374 g/t Ag from rock samples and soil samples define a gold-arsenic soil anomaly centered on the southern portion of the zone.
On surface the Bearox zone is expressed by a 700m long gold-arsenic soil anomaly that is up to 100m wide in places. Previous work has returned gold from soils up to 17.6g/t Au, rock grab samples up to 5g/t Au.
Previous work has also identified the "Central" and "Barney" zones to the northeast of the Bearox Zone along the 025 Fault. The Barney Zone displays anomalous gold, silver, arsenic and antimony values in quartz-carbonate breccia and stockwork zones over a strike of 1km. The highest rock assay returned 1.0g/t Au. The Central Zone is weakly defined by a 500m long gold-arsenic anomaly. Rock exposure in the area is very poor so the character and extent of the mineralization is not known.
The drill results obtained at the Main and Bearox zones confirm the previous surface results and clearly demonstrate the strong gold-silver potential of 025 Fault structure. Gold-silver mineralization has been already identified intermittently along 3km of this structure and the TAG property covers an additional 3km that remains unexplored.
CZM is very encouraged by the results of the recently completed drill program and intends to continue immediately with an aggressive exploration program.
| Gold Eagle Properties, British Columbia |
CZM recently acquired 6 Gold Eagle Properties totaling over 550 hectares on Porcher Island
located in the Skeena mining division, 35 kilometres south-southwest of Prince Rupert, B.C. There
is a long history of exploration and production from Porcher Island including the Surf Point and
Edye Pass gold mines.
Most notable in these claims are the Promise and the Mascot showings.
The Promise showing occurs in the northwest corner of Porcher Island, a few hundred metres
northwest of the Edye Pass Mine. This showing contains a sheared quartz vein, 30 centimetres
wide, strikes east and dips 60 degrees south within Cretaceous to Tertiary quartz diorite of the
Coast Plutonic Complex near its contact with Paleozoic-Mesozoic metasediments. Mineralization
consists of blebs and streaks of auriferous pyrite.
The Mascot showing occurs near the northwest corner of Porcher Island about 1.5 kilometres east
of the Surf Point Mine. The Mascot showing contains a quartz vein, striking 050 degrees and
dipping 80 degrees north, occurs in Cretaceous to Tertiary quartz diorite of the Coast Plutonic
Complex near its contact with Paleozoic to Mesozoic mixed volcanic and plutonic rock. The vein is
sheared and is up to 1 metre wide and 20 metres long. Mineralization consists of stringers of pyrite.
A selected sample assayed 27 grams per tonne gold and 41 grams per tonne silver (Minister of
Mines Annual Report 1933, page 42). All resource figures were compiled prior to and are not
compliant with National Instrument 43-101 requirements.
There is a small community on Porcher Island, infrastructure is excellent and easy access either by
water or air is available from Prince Rupert. The property can be worked year-round..
Zachery Dingsdale - President, CEO and Director
Zachery Dingsdale is currently a principal of Tangent Management Corp., a financial management firm that provides financial consulting and management services to publicly listed companies. Prior to forming Tangent, Mr. Dingsdale held the position of Mutual Fund Wholesaler at CI Funds Inc. Mr. Dingsdale has over 10 years experience in the capital markets and has completed the Canadian Securities Course. Mr. Dingsdale is a member of the Company's audit and technical committees.
Steve Smith - Director
Steve Smith brings over 16 years experience in the financial markets. He is experienced in the areas of corporate management, corporate finance, public relations and administration. Steve was Vice President of Kakanda Development since 1997, a Director of Kakanda Development Corp since 2000 and President and CEO since 2002. Steve obtained his Bachelor of Arts (Economics) from the University of Toronto in 1982, and has completed the Canadian Securities Course and Canadian Investment Management Course Part 1. Steve is a partner in Tangent Management Corp.,a financial public relations firms serving public companies. From 2004, to present he is a Director of CZM Capital Corp.,a mineral exploration company. Previously, Steve was a Toronto-based stockbroker and Vice-President of a Vancouver based Public Relations firm.
Ickbal Boga - CFO & Director
Ickbal Boga, a chartered accountant, is currently a sole practitioner with I. J. Boga, Chartered Accountant, since 1993. Mr. Boga is also a director, corporate secretary and CFO of Kakanda Development Corp. since 1996. From 1991 to 1992, Mr. Boga was CFO of Workplace Health & Safety Agency, Toronto and was previously with Canada Post, BP Canada Inc. and KPMG. Mr. Boga was a officer and director of Camflo Resources Inc., Ona Energy Inc. and 8 Crown Capital Inc.
Mark Fekete - Director
Mark Fekete, B.Sc., P.Geo. is currently President of Hinterland Metals Inc., a mineral exploration company trading on the TSXV with various projects throughout Canada. Mr. Fekete is a registered Professional Geologist and has worked throughout Canada during his 24-year career in the mineral exploration business. Mr. Fekete is a member of the Company's technical committee.
James R. Tompkins - Director
James R. Tompkins, P. Eng, has for the past 22 years been involved in various capacities and senior positions with several mining companies. Mr. Tompkins has been employed as Mine Manager of the Mineral Park Mine near Kingman, Arizona since June 2003. Mr. Tompkins worked for American Copper Company in 1998 and became a director of that company from October 1998 until March 1999 when the company changed its business to e-commerce. From May 1996 to March 1997 Mr. Tompkins served as Vice President Mining and as a director of Aurex Resources. From March 1995 to February 1996 Mr. Tompkins was Mine Superintendent and chief Engineer at the Similco Mine owned by Princeton Mining. Between 1991 and 1995 Mr. Tompkins worked as a consultant and contract supervisor on several mining and construction projects within North America. From 1986 to 1990 Mr. Tompkins filled several positions including Vice President of Mining and Director of Pioneer Metals Corp. Mr. Tompkins was employed as an engineer and supervisor for Teck Corporation and Manalta Coal between 1980 and 1986. Mr. Tompkins holds a B. S. degree in Mining Engineering from Queen's University and has been a registered Professional Engineer since 1982. Mr. Tompkins is a member of the Company's audit committee
Mr. Zachery Dingsdale
President
Telephone: (604) 642-0115
Fax: (604) 642-0116
Toll Free: 1-800-610-9552
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Corporate Office:
Address: Suite 204, 700 Pender Street West, Vancouver, British Columbia, Canada V6C 1G8
Email: investor@czmcapital.com
Web site: www.czmcapital.com
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