ZincX Resources Corp. to Host Investor Call
FOR IMMEDIATE RELEASE
Contact: Investor Relations Tuesday, October 9, 2018
Phone (604) 684-2181 (No.2018-10-18)
ZincX Resources Corp. to Host Investor Call
Vancouver, British Columbia, Canada –Tuesday, Octob er 9, 2018 – Following the release of ZincX
Resources Corp’s (“ZincX Resources” or “the Company”, TSX Venture Exchange: ZNX) positive preliminary
economic assessment (PEA) of the Cardiac Creek (Akie Property) Zinc-Lead-Silver deposit, interest in the
Company and its projects has increased significantly.
Peeyush Varshney, Chief Executive Officer of ZincX Resources, commented: "The positive results outlined
in the PEA demonstrate a robust, stand-alone base m etal project with a large and potentially growing
resource base, all-season access, good rail and roa d infrastructure, and amenable to conventional mining
and milling practices common to similar projects. W e are delighted with the strong results of the PEA and
intend to now move to advance the project through feasibility, permitting and towards production.”
In response to recent increased investor interest, the company will host an investor call with Mr. Var shney
on Friday, October 12, 2018, at 1:15 pm PST. There will be a question-and-answer session following th e
call for participants.
Topics to be discussed will include:
• The progress and milestones achieved over the pas t year;
• The PEA and what the numbers mean; and
• Objectives of the current exploration program on the Akie Property.
The call will be open to a maximum number of partic ipants. Once at capacity, callers will be placed in a
queue. The company cannot guarantee any spaces on the call as it is hosted by a third party and operates
on a first-come basis.
Dial-in numbers:
Toll-free dial-in number from Canada and the United States: 1-877-216-4736
Toll-free dial-in number from Germany: +49 0-800-180-2557
+49 0-800-183-8208 (mobile)
Toll-free dial-in number from Switzerland: +41 080-083-4650
Participant passcode: 2448400383
Should you need a dial-in number for a country that is not listed above please email
[email protected] with the country you will be calling from and we would be happy to provide the
corresponding number.
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 from the 2018 Preliminary Economic Assessment (PEA).
The PEA envisages a conventional underground mine a nd 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 inc ludes 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
reserves have not yet demonstrated economic viabili ty. 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