CZM Capital Corp.

CZM Capital Corp.

January 17, 2007 08:00 ET

CZM Acquires "Steep" Gold-Silver Property in Northern British Columbia

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 17, 2007) - CZM Capital Corp. ("CZM") (TSX VENTURE:CZM) is pleased to announce that it has acquired 74 mineral claims (1219 ha) by staking in the Atlin Mining Division of British Columbia. The "Steep" property is situated approximately 50 km west of Atlin, British Columbia at the south end of Taku Arm on Tagish Lake. It can be accessed directly by boat from CZM's year round exploration camp located on the TAG property 12km to the north.

The property is largely underlain by sheared, folded and broken amphibolites belonging to the Mount Stevens group. At least five veins containing silver, gold, galena and pyrite have been previously exploited in the Ben-My-Chree area. The former Ben-My-Chree gold-silver mine is located approximately 400m outside of the Steep property boundary. A number of gold-silver showings have been identified on the property by previous workers with surface grab sample values up to 2g/t gold and 535g/t silver. These results have not been verified by CZM. CZM intends to conduct a surface work program on the property as part of a regional exploration program set for the summer of 2007.

Mark Fekete, P.Geo is the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for the preparation of this release.

CZM Capital Corp. is a resource exploration company focused on the exploration and development of precious metal properties in Canada. CZM has recently completed its phase 2 drill program on its TAG gold/silver project in Northern BC and is currently awaiting assay results.

On behalf of CZM Capital Corp.,

Zachery Dingsdale, President & CEO

Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors identified above and in the corporation's periodic filings with the British Columbia Securities Commission and the U.S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not intend to update this information and disclaims any legal liability to the contrary.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • CZM Capital Corp.
    Zachery Dingsdale
    President & CEO
    Toll Free: 1-800-610-9552