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ZincX Resources Corp.
Summary
| Project: | Akie | |
|---|---|---|
| Deposit: | Sitka | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 11/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-11-2018: ZincX Resources Corp. announces an Exploration/Drilling Update report for its Sitka deposit at the Akie project. Drilling results incl. 12.98m @ 1.10% Zn from 94.86m. Vancouver, British Columbia, Canada – Friday, Nov. 16, 2018 – ZincX Resource | |
| Resources: | (Resource): 22.7Mt @ 8.32% Zn, 1.61% Pb, 14.1g/t Ag (Ind) at Cardiac Creek | |
| CP/QP: | [Overall Report]: Ken Macdonald (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, Canada – Friday, Nov. 16, 2018 – ZincX Resources Corp. (“ZincX Resources” or “the Company”, TSX Venture Exchange: ZNX) is pleased to announce assay results from the final three drill holes of the 2018 exploration campaign that targeted alternate drill targets at Akie, including the Sitka, North Lead and Southeast zones. The final three holes of the program targeted, in order of drilling, the Southeast zone, the North Lead Anomaly zone, and the Sitka extension. Sitka Extension The final drill hole of the 2018 season was completed approximately 400 metres southeast of the Sitka Zone targeting a strong silver-in-soil anomaly projected to be the strike extents of the Sitka Zone. The Sitka Zn-Pb massive barite showing is hosted within the eastern thrust panel of prospective Gunsteel Formation stratigraphy and is located approximately 4 kilometres east of the Cardiac Creek deposit. The showing is the first known occurrence of mineralisation on the eastern thrust panel of the property. The first two holes of the program totaled 508 metres and tested the down-dip extent of the Zn-Pb-barite mineralisation that outcrops at surface. They traced sphalerite-bearing vein mineralisation to a depth of approximately 100 metres below surface. Assay results from the Sitka Zone drilling are shown in the table below. DDH A-18-149 The hole collared in strongly limonite-altered siltstone of the Road River Group to a downhole depth of 66 metres followed by intercalated silty mudstone, bioturbated mudstone and siltstone intervals. The contact between the Road River Group and the Kwadacha limestone at 97.98 metres is heavily faulted and marked by strong limonitic to hematitic alteration. Blue-grey quartz veins, cross cut by white quartz veins, are present within the faulted contact and are similar to the mineralized veins observed in previously reported holes A-18-144 and A-18-145. The vein/fault zone hosts weathered sphalerite and visible seams of galena. The Akie Formation was intersected at a downhole depth of 133.3 metres and is characterized by common silty/sandy beds. From 199 to 240 metres there are scattered centimetre-wide bands of nodular barite and thin pyrite lenses. The hole was shut down at a downhole depth of 249 metres. | |
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