ZincX targets Cardiac Creek zinc upgrades
Mining Explorers 2019 – Published Nov. 1, 2019
Last updated 8/14/2020 at 9:26am
Following the 2018 preliminary economic assessment for Cardiac Creek, ZincX Resources Corp. completed a 2,347-meter drill program this year that targeted the initial five years of future mine production proposed in the scoping level study for this zinc deposit on the Akie property in northern British Columbia.
The PEA contemplates a 4,000-metric ton underground mine at Cardiac Creek providing ore for a 3,000-metric-ton-per-day mill that is expected to produce 3.27 billion pounds of zinc and 362 million lb of lead over an initial 18-year mine life.
This is based on 22.7 million metric tons of indicated resource averaging 8.32 percent (4.16 billion lb) zinc, 1.61 percent (804 million lb) lead and 14.1 grams per metric ton (10.3 million ounces) silver; and 7.5 million metric tons of inferred resource averaging 7.04 percent (1.17 billion lb) zinc; 1.24 percent (205 million lb) lead and 12 g/t (2.9 million oz) silver.
"We achieved a very significant milestone for the Akie project in 2018 with the completion and announcement of an economically positive and robust maiden PEA on the Cardiac Creek deposit," said ZincX Resources President and CEO Peeyush Varshney.
This year's drilling focused on increasing the confidence in the resource with additional infill holes, as well as extending the high-grade core of the deposit to the southeast.
In addition to expanding the high-grade core and upgrading the resource, the 2019 drilling collected data to improve the understanding of the rock mass characteristics of the deposit and provide advanced engineering data for future underground mine design and stope dimensions.