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Rebranded Canada Zinc Metals now ZincX

 

Last updated 5/25/2018 at 3:45am

ZincX Resources Kechika SEDEX belt map Canada Zinc Metals Akie property

ZincX Resources Corp.

Canada Zinc Metals Corp. May 7 announced that it has changed its name to ZincX Resources Corp., part of a rebranding initiative to highlight and distinguish the company in the expanding junior zinc space.

ZincX owns zinc-lead-silver properties that blanket 79,870 hectares (197,359 acres) of the Kechika SEDEX (sedimentary exhalative) belt in northeastern British Columbia.

The rebranded company has divided this land package into two projects – Akie, which hosts the Cardiac Creek deposit, and the Kechika regional, a series of property blocks that extend roughly 140 kilometers (85 miles) northwest of Akie.

ZincX said the new name, logo and rebranding provide a distinctive look for new strategic shareholders that recognize the significant value proposition of these assets.

This new look for the longtime zinc company includes a modern corporate website that provides viewing capabilities across multiple platforms and allows easy access to key information about ZincX and its properties.

The company's ticker symbol has changed to ZNX on the Toronto Venture Exchange (TSX) and its new website can be found at http://www.zincxresources.com.

Cardiac Creek PEA coming

While the zinc exploration company has a new look and moniker, the focus of ZincX remains the same – advance the exploration and development of the Cardiac Creek zinc-lead-silver deposit on its flagship Akie property.

According to a calculation completed in 2017, Cardiac Creek hosts 22.7 million metric tons of indicated resource grading 8.3 percent (4.2 billion pounds) zinc, 1.6 percent (804 million lb) lead and 14.2 grams per metric ton (10.3 million oz) silver; and 7.5 million metric tons of inferred resources grading 7 percent (1.2 billion lb) zinc, 1.2 percent (205 million lb) lead and 12 g/t (2.9 million oz) silver.

A preliminary economic assessment for Cardiac Creek is expected to be complete by the end of May.

ZincX said the next steps for this zinc deposit is to move forward on the more advanced engineering assessments and gain the permits to begin developing a mine there.

Planning is well underway for a drill program on select targets on the Akie property, which will include some infill holes at Cardiac Creek and testing geological targets outbound of the deposit, including the Sitka showing situated east of the Cardiac Creek deposit.

Discovered in 2013, the Sitka showing consists of a six-meter-thick vein or fault structure with massive barite containing abundant coarse-grained galena and sphalerite. A three-meter-thick parallel structure is situated about 10 meters to the northeast. Channel samples collected from Sitka in 2013 returned assays ranging from 1.9 to 5.1 percent zinc and up to 3.7 percent lead.

ZincX is also considering the start of underground drill definition at Cardiac Creek deposit. The company has the permits it needs for the program and all final designs are complete.

Kechika Regional

ZincX Resources Kechika SEDEX zinc exploration Akie property BC

ZincX Resources Corp.

This core is from a 15.44-meter section of hole A-17-137 that averaged 18.27 percent zinc, 4.34 percent lead and 36.2 grams per metric silver at ZincX Resources' Cardiac Creek deposit in northern British Columbia.

The Kechika regional project encompasses 11 properties that stretch northwest from Akie – (from south to north) Pie, Cirque East, Yuen, Yuen North, Mt. Alcock, Kwad, Weiss, Bear-Spa, Driftpile South, Saint, and Thro.

A joint venture between Teck Resources Ltd. and Korea Zinc Co. own a 51 percent interest in three of these properties – Pie, Cirque East, and Yuen. ZincX owns the remaining interest in these properties and full ownership of the other eight.

In consultation with Teck and Korea Zinc, ZincX said it is considering plans and budget for follow-up exploration on the Pie Option properties located north of Akie and adjacent to the Teck and Korea Zinc's jointly owned Cirque project.

ZincX said it is considering spinning out its Kechika regional properties into another company, providing company shareholders more value from the blue-sky potential provided by these earlier staged zinc properties.

–SHANE LASLEY

 

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