ZincX Resources Reports Voting Results from its Annual General Meeting
FOR IMMEDIATE RELEASE
Contact: Investor Relations Friday, April 30, 2021
Phone (604) 684-2181 (No.2021-04-07)
ZincX Resources Reports Voting Results from its Annual General Meeting
Vancouver, British Columbia, Canada – Friday, April 30, 2021 – ZincX Resources Corp. (“ZincX” or the
“Company”, TSX Venture Exchange: ZNX, US: ZNCXF, FRA: A2JLRM )) announces the details of the voting
results from its Annual General Meeting, held on April 29, 2021 in Vancouver, BC.
By resolution passed via ballot, the five nominees referenced below were appointed as Directors of the
Company to serve until the next annual meeting of shareholders of the Company, or until their successors
are elected or appointed. The results of the ballot were as follows:
Name of Nominee Votes For Percent Votes Withheld Percent
Peeyush Varshney 4,803,420 95.74% 213,500 4.26%
Marco Strub 4,828,920 96.25% 188,000 3.75%
Praveen Varshney 4,771,920 95.12% 245,000 4.88%
John Thomas 5,013,920 99.94% 3,000 0.06%
Xinfu Hu 5,008,920 99.84% 8,000 0.16%
Shareholders also voted to approve the re-appointment of Davidson & Company LLP as auditors of the
Company.
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 world
for the occurrence of SEDEX zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by ZincX Resources 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.
The Company updated the estimate of mineral resources at Cardiac Creek in 2018, 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 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. Key parameters for the PEA are as follows:
Parameter Base Case1
Tonnes Mined 25.8 Mt
Mined Head Grades 7.6% Zn; 1.5% Pb; 13.08 g/t Ag
Tonnes Milled 19.7 Mt
Milled Head Grades (after DMS2 upgrade) 10.0% Zn; 1.9% Pb; 17.17 g/t Ag
Total Payable Metal (LOM) $3,960M3
Initial CAPEX $302.3M including $45.7M contingency
LOM Total CAPEX $617.9M including $58.5M contingency
All-in Total OPEX $102.4 per tonne milled
Pre-Tax NPV7% $649M
Pre-Tax IRR 35%
Pre-Tax Payback 2.6 years
After-Tax NPV7% $401M
After-Tax IRR 27%
After-Tax Payback 3.2 years
1. The base case used metal prices are calculated from the 3 year trailing average coupled with two year forward
projection of the average price; and are: US$1.21/lb for zinc, US$1.00/lb for lead and US$16.95 for silver. A CDN$/US$
exchange rate of 0.77 was used. The NPV discount rate is 7%. 2. DMS = dense media separation. 3. All dollar amounts
expressed in Canadian dollars.
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 reserves 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 including the advanced Mt. Alcock prospect. The Kechika
Regional Project also includes the Pie, Yuen and Cirque East properties which the Company maintains a
significant 49% interest with partners Teck Resources Limited (TSX: TECK.B) and Korea Zinc Co. Ltd
holding 51%. These properties collectively extend northwest 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 responsible 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