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ZincX Resources Provides a Permitting Update
VANCOUVER, BC / ACCESSWIRE / July 31, 2020 / ZincX Resources Corp. ("ZincX Resources" or the ...
About this update from Zincx Resources Corp.
[{"type":"text","content":"ZincX Resources Provides a Permitting UpdateVANCOUVER, BC / ACCESSWIRE / July 31, 2020 / ZincX Resources Corp. (\"ZincX Resources\" or the \"Company\") (TSXV:ZNX) is pleased to provide an update on the permitting status and planned exploration activities for its highly-prospective Kechika Regional project.Permitting Status Update:The Company has been advised by the Ministry of Energy, Mines and Petroleum Resources that four Kechika regional drill permits on the Pie, Yuen, Mt. Alcock, and Kechika North properties have been renewed for an additional 5-year period, until November 28, 2025. Drilling on these properties had previously been permitted with a renewal occurring in December, 2015, extending the expiry date until December, 31st 2019.These drill permits cover high-priority drill-ready targets on the largest tenure holdings within the Kechika Trough, and will allow additional drill testing to take place at a progressive and measured pace as new anomalies are identified and confirmed as drill targets.Kechika Regional Project:TheKechika Regional Project extends northwest from the Akie property for approximately 140kilometres along the strike of the highly prospective Gunsteel Formation shale; the host rockfor known SEDEX zinc-lead-silver deposits in the Kechika Trough.The project is comprised of the Kechika North Project and the Pie Option properties.The Company believes the generative portfolio of Kechika Regional properties offershareholders and investment partners significant opportunities for exposure to newdiscoveries in the Kechika Trough.The Kechika North project is comprised of eight contiguous properties 100% owned by the Company: from south to the north the properties are Yuen North, Mt. Alcock,Kwad, Weiss, Bear/Spa, Driftpile South, Saint, and Thro. Theproperties comprise 126 contiguous mineral claims covering an area of 50,515 hectares andhave been explored intermittently over the past 35years. The claims are in good standinguntil the year 2029with no carrying costs. The claims are free and clear of all liens,charges and encumbrances apart from a 1% NSR royalty on the Mt. Alcock property (18mineral claims: 4,897 ha) which the Company has the sole right of first refusal to purchase outright for the sum of $1 million dollars.The Kechika North Project is anchored by two key advanced prospects on the Mt. Alcock and Bea...