ZincX Resources Announces 2018 Exploration Plans
FOR IMMEDIATE RELEASE
Contact: Investor Relations Thursday, June 7, 2018
Phone (604) 684-2181 (No.2018-06-07)
ZincX Resources Announces 2018 Exploration Plans
Vancouver, British Columbia, Canada – Thursday, June 7, 2018 – ZincX Resources Corp. (“ZincX
Resources” or “the Company”, TSX Venture Exchange: ZNX) is pleased to announce its plans for the
2018 field season for the 100% owned Akie project. The Company has outlined a comprehensive 2,500
metre diamond drill program that will focus on its 100% owned Akie property.
The Company also wishes to advise it is in the final stages of its Preliminary Economic Assessment (PEA)
on the Cardiac Creek deposit and expects to be able to announce results shortly.
2018 Exploration Plan Highlights
• Drill test the southeastern strike extent of the C ardiac Creek deposit beyond the current limits of
the resource model
• Drill test the North Lead target by drilling down- dip where previous drilling intersected extensive
intervals of bedded pyrite mineralisation that are highly anomalous in zinc and lead and a thin
massive sulphide lens; drill targeting to be guided by new facies model developed at Akie and Mt.
Alcock
• Shallow drill targets at the Sitka showing to test the Zn-Pb-barite mineralization outcropping at
surface and previously channel sampled in 2013 with high grade assay results
• Expand upon the 2017 satellite based structural s tudy completed from Akie to Mt. Alcock; by
extending from the Kwad property to the north end o f the Kechika Regional claims, amounting to
100% coverage of all of the Akie and Kechika Regional claim holdings
• Continue to evaluate forward modelling and Proof o f Concept designs for ground geophysical
surveys to “fingerprint” known SEDEX mineralization, including the Cardiac Creek deposit, to assist
in vectoring future ground surveys in Gunsteel Formation
2018 Exploration Plan
Planning for the 2018 exploration program has concluded and the field crew expects to begin mobilizing to
the Akie camp by mid-June. Contractual arrangements have been finalized with several service providers.
The Company has engaged Western Exploration Diamond Drilling Ltd. of Kamloops, British Columbia to
once again provide drilling services to the project . Western Exploration Drilling Ltd. has provided dr illing
services to the Akie project since 2011 and has bee n instrumental in allowing the Company to effective ly
and efficiently define the Cardiac Creek deposit, and explore other targets on the Akie property.
The Company has also engaged Canadian Helicopters L td. of Edmonton, Alberta to provide helicopter
services for the duration of the exploration progra m. Canadian Helicopters Ltd. has bases located
throughout the British Columbia interior including; Smithers, Fort St. John and Terrace. Canadian
Helicopters Ltd. is strategically located to support the program having recently providing similar services to
the Company in 2017, and with returning personnel is aptly suited to the local terrain and expected weather
conditions.
Diamond Drilling Program
Sitka Target:
The 2018 exploration program will commence with sev eral drill holes planned for the Sitka showing on t he
eastern panel of Earn Group stratigraphy, located s everal kilometres east of the Cardiac Creek deposit .
The Sitka showing was discovered in 2013 and remain s untested by drilling. The Sitka is characterized by
a zone of massive barite mineralization in a vein o r healed fault structure with abundant galena (lead
sulphide) and visible sphalerite (zinc sulphide). The showing is situated along the contact between the Earn
Group (Gunsteel shale) and Silurian Siltstone.
Detailed mapping, channel sampling and soil samplin g in the vicinity of the showing were completed in
2013. Channel and grab sampling on- and along-strik e of the Sitka Showing produced significant grade
zinc-lead-silver-barite results indicative of a new SEDEX horizon on the eastern Akie panel. Significa nt
channel assay results reported in 2013 from Sitka sampling include 5.1% Zn over 0.7 metres from Channel
1, 1.9% Zn over 0.8 metres from Channel 5, and 0.9% Zn, 1.6% Pb & 4,014 ppb Ag over 2.4 metres from
Channel 3. Grab samples taken along strike of the m ain showing returned high grade zinc-lead values
including 43.55% Zn and 48.95% Pb. The true width, strike extent and depth dimension of the Sitka showing
is unknown. The discovery of SEDEX style mineraliza tion in this locale has provided impetus for more
focused exploration on the largely under-explored eastern Gunsteel panel on the Akie property.
Southeast Target:
Drilling will also target the southeastern strike e xtents of the Cardiac Creek mineral horizon beyond the
current limits of the resource on the Akie property . The drilling will target section 4000S which is a n area
previously untested and outbound of the Cardiac cre ek deposit limits by approximately 200 metres. Dril l
hole A-11-95 drilled in 2011 is the closest hole to the target and returned 24.6 metres (true width) o f 3.07
% combined Zn+Pb, including a higher-grade interval of 9.8 metres (true width) of 4.98% combined Zn+Pb.
Successful drilling in this area would expand the deposit resource to the southeast.
North Lead Target:
The Company plans drill testing on the North Lead Zone which is located approximately 3 kilometres along
strike to the northwest of the current limits of th e Cardiac Creek resource model. Historical and rece nt
drilling in this area has intersected a large system of laminar bedded pyrite with barite highly anomalous in
both lead and zinc. Drill hole A-10-68 intersected 126.23 metres (apparent width) of low-grade zinc
mineralization which, when compared to the newly de rived facies model for Cardiac Creek, is suggestive
of increasing grade of the mineralization lower in the section. This intersection in hole A-10-68 is
comparable in character to the proximal facies mine ralisation observed at the Cardiac Creek deposit. D rill
hole A-13-104, drilled in 2013, also tested the Nor th Lead Zone yielding similar results to A-10-68. T he
persistence of a low grade hangingwall scenario appears to conform to modelling.
Additional exploration drill targets across the Aki e property will be considered and include; the Nort h West
Extension, the newly developed structural targets coincident with anomalous soil geochemistry on the West
Akie panel, and the massive South Zinc Anomaly, whi ch is defined by a large (~2 kilometre by 500 metre )
zinc-in-soil anomaly which remains unexplained.
The diamond drill program is expected to start by 3 rd week of June and continue through to September.
Mr. Peeyush Varshney, President and CEO, of the Com pany states; "The past 15 months have been very
busy and productive. We launched and concluded a successful 2017 drill program, updated and expanded
the mineral resource at Cardiac Creek, announced positive metallurgical results from an extensive 12-week
testing program, and we are anticipating the announ cement of the first-ever PEA on the Cardiac Creek
deposit shortly.
The 2018 exploration program is primarily focused o n finding new deposits and/or new zones of
mineralization on the Akie property while we await recommendations from the PEA for future exploration
on the Cardiac Creek deposit. 2018 is shaping up to be another very busy year as we continue to dialogue
with several interested mining and investment groups which clearly see the success at Cardiac Creek an d
like the future, long-life district potential of th e Kechika Regional properties. Talks are also under way with
Teck Resources to determine best steps forward for exploration on the Pie Option properties”.
The Akie Zn-Pb-Ag Project
The 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 wor ld
for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by ZincX Resources (f ormerly Canada Zinc Metals Corp) 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.
With additional drilling completed in 2017, the Com pany has updated the estimate of mineral
resources at Cardiac Creek, as follows:
5% Zinc Cut-Off Grade Contained Metal:
Category Tonnes
(million) Zn (%) Pb (%) Ag (g/t) Zn (B lbs) Pb (B lbs) Ag (M
oz)
Indicated 22.7 8.32 1.61 14.1 4.162 0.804 10.3
Inferred 7.5 7.04 1.24 12.0 1.169 0.205 2.9
In addition to the Akie Project, the Company owns 100% of eight of eleven large, contiguous property blocks
that comprise the Kechika Regional Project includin g the advanced Mt. Alcock prospect. The Kechika
Regional Project also includes the Pie, Yuen and Ci rque East properties within which the Company
maintains a significant 49% interest with partners Teck Resources Limited (TSX: TECK.B) and Korea Zinc
Co. Ltd. These properties collectively extend north west from the Akie property for approximately 140
kilometres covering the highly prospective Gunsteel Formation shale; the main host rock for known SEDEX
zinc-lead-silver deposits in the Kechika Trough of northeastern British Columbia. These projects are located
approximately 260 kilometres north northwest of the town of Mackenzie, British Columbia, Canada.
Ken MacDonald P.Geo., Vice President of Exploration for the Company, is the designated Qualified Person
as defined by National Instrument 43-101 and is res ponsible for the technical information contained in this
release.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
ZINCX RESOURCES CORP.
“PEEYUSH VARSHNEY”
PEEYUSH VARSHNEY, LL.B
CEO & CHAIRMAN