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ZincX Resources Corp.
Summary
| Project: | Akie | |
|---|---|---|
| Deposit: | Sitka | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 9/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-9-2018: ZincX Resources Corp. announces an Exploration/Drilling Update report for its Sitka deposit at the Akie project. Drilling results incl. 5.08m @ 3.79% Zn from 196.70m. Vancouver, British Columbia, Canada – Wednesday, June 20, 2018 – ZincX Resour | |
| 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 – Wednesday, June 20, 2018 – ZincX Resources Corp. (“ZincX” or “the Company”, TSX Venture Exchange: ZNX) is pleased to announce it has received positive and robust results from the recently commissioned independent Preliminary Economic Assessment (“PEA”) for the 100% owned zinc-lead-silver Cardiac Creek deposit located on the Akie property in northeast British Columbia, Canada. “The positive results outlined in the PEA demonstrate a robust, stand-alone base metal project with a large and potentially growing resource base, all-season access; good rail and road infrastructure and amenable to conventional mining and milling practices common to similar projects. We are delighted with the strong results of the PEA and intend to now move to advance the project through feasibility, permitting and towards production. This project has significant exposure to zinc given the almost 10 to 1 zinc to lead ratio in payable metal production over life-of-mine. We have a strong competitive advantage that will appeal to mining and investment partners, including 100% ownership, 0% NSR, long-term mineral tenure security, good stable jurisdiction, and strong First Nation community support. The PEA demonstrates low risk economics and well-established mining and milling techniques,” stated Mr. Peeyush Varshney, President and CEO. | |
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