ZincX Resources Commences 2018 Drill Program at Akie
FOR IMMEDIATE RELEASE
Contact: Investor Relations Thursday, June 28, 2018
Phone (604) 684-2181 (No.2018-06-11)
ZincX Resources Commences 2018 Drill Program at Akie
Vancouver, British Columbia, Canada – Thursday, Jun e 28, 2018 – ZincX Resources Corp. (“ZincX
Resources” or “the Company”, TSX Venture Exchange: ZNX) is pleased to announce that drilling has
commenced on the Akie Project. The Company is now executing on its planned 2,500 metre large-diameter
HQ diamond drilling program that will focus on high-priority targets along strike of the Cardiac Creek deposit
and on the eastern Akie Gunsteel panel.
2018 Drill Objectives:
• Drill test the southeastern strike extent of the C ardiac Creek deposit beyond the current limits of
the resource model.
• Drill test the down-dip extent of the North Lead t arget where previous drilling intersected extensive
intervals of bedded pyrite mineralisation and a thin massive sulphide lens that are highly anomalous
in zinc and lead. The drill targeting is guided by a new facies model developed from the
mineralisation on Akie and Mt. Alcock properties.
• Shallow drill targets at the Sitka showing to test the Zn-Pb-barite mineralization outcropping at
surface where previous channel sampling in 2013 returned high grade assay results.
Drilling has commenced on the Sitka target. Subsequ ent drilling will shift to test the mineralized Car diac
Creek horizon northwest and southeast of the Cardia c Creek deposit. The Sitka showing was discovered
in 2013 and is located on the eastern Gunsteel thru st panel. The target is characterized by a zone of
massive barite mineralization in a vein or healed f ault structure associated with abundant galena (lea d
sulphide) and visible sphalerite (zinc sulphide). The showing is situated along the highly prospective contact
between the Earn Group (Gunsteel Formation shale) and Silurian Siltstone.
Channel and grab sampling on- and along-strike of the Sitka Showing returned significant grade zinc-lead-
silver-barite results indicative of a new SEDEX horizon on the eastern Gunsteel panel. Significant cha nnel
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 main show ing returned high grade zinc-lead values including
43.55% Zn and 48.95% Pb. The discovery of SEDEX style mineralization in this locale has provided impetus
for more focused exploration on the largely under-explored eastern Gunsteel panel on the Akie property.
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
The Company announced robust positive results on Ju ne 20th, 2018 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.
Pre-Tax After-Tax
NPV 7% IRR NPV 7% IRR
$649M 35% $401M 27%
The base case parameters for the PEA used US$1.21/lb Zinc, US$1.00/lb Lead, and US$16.50/oz Silver
See ZNX news releases from June 20 th , 2018 for important disclosures with respect to th e Cardiac Creek
PEA.
The PEA is considered preliminary in nature and includes mineral resources, including inferred mineral resources that are considered
too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral
reserves. Mineral resources that are not mineral re serves have not yet demonstrated economic viability. Due to the uncertainty that
may be attached to mineral resources, it cannot be assumed that all or any part of a mineral resource will be upgraded to mineral
reserves. Therefore, there is no certainty that the results concluded in the PEA will be realized.
Kechika Regional Project
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. Mike Makarenko P.Eng, JDS Energy and Mining, is the designated Qualified Person as defined by
National Instrument 43-101 and is responsible for the PEA 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