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ZincX Resources Provides Company Update
VANCOUVER, BC / ACCESSWIRE / May 5, 2023 / ZincX Resources Corp. ("ZincX" or the "Company", (TSX ...
About this update from Zincx Resources Corp.
[{"type":"text","content":"ZincX Resources Provides Company UpdateVANCOUVER, BC / ACCESSWIRE / May 5, 2023 / ZincX Resources Corp. (\"ZincX\" or the \"Company\", (TSX Venture Exchange:ZNX)(OTCQB:ZNCXF)(FRA:A2JLRM) is pleased to provide a general update on recent company activities.The Company is currently in the initial stages of evaluating plans for the upcoming season across the full breadth of its highly prospective base metal projects in the Kechika Trough. Collectively these properties form a suite of zinc-dominated assets in a massive potential development pipeline located in northeastern British Columbia, Canada. The Company's efforts remain focused on its flagship Akie property (at the southern terminus of the Kechika Trough) that hosts the premier Cardiac Creek Zn-Pb-Ag deposit. Historical exploration drilling on the Company's Mt. Alcock property highlights the prospectivity of the Main Zone.The 100% owned Akie property consists of 46 claims covering 11,583 hectares that overlies the prospective middle to late Devonian black, siliceous, carbonaceous fine-grained shales of the Gunsteel Formation that hosts the Cardiac Creek Zn-Pb-Ag deposit. Drilling on the deposit since 2005 has outlined a significant deposit. The 2018 indicated and inferred resource at a 5% Zn cut-off is listed below.5% Zinc Cut-Off GradeContained Metal:CategoryTonnes(million)Zn (%)Pb (%)Ag (g/t)Zn (B lbs)Pb (B lbs)Ag (M oz)Indicated22.78.321.6114.14.1620.80410.3 Inferred7.57.041.2412.01.1690.2052.9The Cardiac Creek deposit is comprised of two main zones of mineralisation, the Cardiac Creek Zone (CCZ) and the Footwall Zone. A third, new, Hangingwall Zone was recognized in the 2021 drilling program. The deposit remains open for expansion along strike and at depth.The 100% owned Mt. Alcock property consists of 21 claims covering 9,173 hectares and is located approximately 40 kilometres to the northwest of the Akie property and 20 kilometres from Teck Resources/Korea Zinc's Cirque property. The Mt. Alcock property remains a high-priority for the Company and is host to a prominent, highly visible barite kill zone that has been subject to historical drilling. The limited and extremely shallow drilling by previous operators intersected mineralisation with significant grade such as 9.30% combined Zn+Pb and 1.20 oz/t Ag over a downhole thickness of 8.8 metres in drill hole AK-89-3 inclu...