ZincX Resources to Participate at PDAC 2019 Conference
FOR IMMEDIATE RELEASE
Contact: Investor Relations Tuesday, February 26, 2019
Phone (604) 684-2181 (No.2019-02-19)
ZincX Resources to Participate at PDAC 2019 Conference
Vancouver, British Columbia, Canada – Tuesday, Feb. 26, 2019 – ZincX Resources Corp. (“ZincX
Resources” or “the Company”, TSX Venture Exchange: ZNX) is pleased to announce the Company
will participate in the upcoming PDAC 2019 Mining and Investment Conference to be held at the Metro
Toronto Convention Centre (MTCC) from March 3-6, 2019.
PDAC 2019
The four-day convention is held annually in Toronto , Canada, and it is anticipated that this year’s ev ent
will host greater than 1,000 exhibitors, 3,500 inve stors, and 25,000 attendees from more than 135
countries. Since inception in 1932 the PDAC has gro wn to become one of the world’s leading mineral and
mining investment conventions.
Corporate Booth
The Company will be exhibiting at Booth #2317 on the Investors Exchange floor at the MTCC from
10am to 5pm each day. There is an open invitation to all shareholders and investors to visit with
management and staff over the 4-day period and revi ew information from the Akie Project that highlight s
the Company’s 100% owned zinc-lead-silver Cardiac Creek deposit. This includes the positive 2018 PEA
results, new metallurgical information, excellent s pecimens of high-grade drill core, data from recent
drilling, and learn of exploration plans for the up coming 2019 program. Additional technical informati on
such as maps and cross sections will also be on display.
PDAC represents another important networking opport unity to showcase the progress on the flagship
Akie property and the premier zinc-lead-silver Cardiac Creek deposit.
A map showing the booth location can be found at: http://www.pdac.ca/convention/maps?l=2317
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, carbon aceous, 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 a nd concentrator operation with an average
production rate of 4,000 tonnes per day. The mine w ill have an 18-year life with potential to extend t he
life-of-mine (LOM) through resource expansion at depth. Key parameters for the PEA are as follows:
Parameter Base Case 1
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 DMS 2 upgrade) 10.0% Zn; 1.9% Pb; 17.17 g/t Ag
Total Payable Metal (LOM) $3,960M 3
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 NPV 7% $649M
Pre-Tax IRR 35%
Pre-Tax Payback 2.6 years
After-Tax NPV 7% $401M
After-Tax IRR 27%
After-Tax Payback 3.2 years
1. The base case used metal prices are calculated f rom the 3 year trailing average coupled with two ye ar forward projection of the
average price; and are: US$1.21/lb for zinc, US$1.0 0/lb for lead and US$16.95 for silver. A CDN$/US$ e xchange 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 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 viability. Due
to the uncertainty that may be attached to mineral resources, it cannot be assumed that all or any par t 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 1 00% of eight of eleven large, contiguous property
blocks that comprise the Kechika Regional Project i ncluding the advanced Mt. Alcock prospect. The
Kechika Regional Project also includes the Pie, Yue n 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 pr ospective Gunsteel Formation shale; the main host
rock for known SEDEX zinc-lead-silver deposits in t he Kechika Trough of northeastern British Columbia.
These projects are located approximately 260 kilome tres 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, JD S 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