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ZincX Resources Reports Voting Results from Its Annual General Meeting
VANCOUVER, BC / ACCESSWIRE / December 12, 2022 / ZincX Resources Corp. ("ZincX" or the "Company")...
About this update from Zincx Resources Corp.
[{"type":"text","content":"ZincX Resources Reports Voting Results from Its Annual General MeetingVANCOUVER, BC / ACCESSWIRE / December 12, 2022 / ZincX Resources Corp. (\"ZincX\" or the \"Company\")(TSXV:ZNX)(OTCQB:ZNCXF)(FRA:A2JLRM) announces the details of the voting results from its Annual General Meeting, held on December 12, 2022 in Vancouver, BC.By resolution passed via ballot, the five nominees referenced below were appointed as Directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed. The results of the ballot were as follows:Name of NomineeVotes ForPercent Votes WithheldPercent Peeyush Varshney57,075,22699.96% 25,0000.04% Marco Strub57,095,22699.99% 5,0000.01% Praveen Varshney57,055,22699.92% 45,0000.08% John Thomas57,095,22699.99% 5,0000.01% Xinfu Hu57,085,22699.97% 15,0000.03% Shareholders also voted to approve the re-appointment of Davidson & Company LLP as auditors of the Company.The Akie Zn-Pb-Ag ProjectThe 100% owned Akie property is situated within the Kechika Trough, the southernmost area of the regionally extensive Paleozoic Selwyn Basin and one of the most prolific sedimentary basins in the world for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.Drilling on the Akie property by ZincX Resources since 2005 has identified a significant body of baritic-zinc-lead SEDEX mineralization known as the Cardiac Creek deposit. The deposit is hosted by siliceous, carbonaceous, fine-grained clastic rocks of the Middle to Late Devonian Gunsteel Formation.The Company updated the estimate of mineral resources at Cardiac Creek in 2018, as follows:5% Zinc Cut-Off GradeContained Metal:CategoryTonnes(million)Zn (%)Pb (%)Ag (g/t)Zn (B lbs)Pb (B lbs)Ag (M oz)Indicated22.78.321.6114.14.1620.80410.3Inferred7.57.041.2412.01.1690.2052.9The Company announced robust positive results from the 2018 Preliminary Economic Assessment (PEA). The PEA envisages a conventional underground mine and concentrator operation with an average production rate of 4,000 tonnes per day. The mine will have an 18-year life with potential to extend the life-of-mine (LOM) through resource expansion at depth. Key parameters for the PEA are as follows:ParameterBase Case1Tonnes Mined25.8 MtMined Head Grades7.6% Zn; 1.5% Pb; 13.08 g/t AgTonnes Milled19.7 MtMilled Head Grades (...