February 24, 2021
Vancouver, British Columbia, Canada – Wednesday, February 24, 2021 – ZincX Resources Corp. (“ZincX Resources” or the “Company”, TSX Venture Exchange: ZNX, US: ZNCXF, FRA: M9R) is pleased to provide an update on the ongoing Kechika Trough targeting initiative. Detailed work has identified numerous Areas of Interest (AOIs) of which 19 have been classified as high-priority targets. These targets have been ranked and will be assessed in future exploration programs with focused field programs.
Kechika Trough Targeting Initiative
In mid-2020 the Company initiated a district wide, evaluation of its Kechika Regional properties, including the flagship Akie property. Collectively, the contiguous claim block extends over a strike length of approximately 140 kilometres covering the highly prospective Gunsteel formation. The Gunsteel formation is a siliceous, carbonaceous, fine-grained clastic assemblage of the Middle to Late Devonian Earn Group and is the primary host lithology for SEDEX Zn-Pb-Ag deposits and significant mineral prospects within the Kechika Trough.
This work has utilized the extensive Kechika Trough Exploration Database to help identify underexplored regions of its properties by identification of new AOIs and near-term drill targets. The data base represents a comprehensive effort to compile and integrate over 40 years of exploration data derived from B.C. Assessment Reports, B.C. Property Files, internal reports and modern exploration that the Company has itself undertaken, including high-resolution, airborne geophysical surveys and targeted geochemical and mapping campaigns.
The Company has identified 19 high-priority targets from a pool of 95 AOIs across all its Kechika Trough tenure including key properties such as Akie, Pie, Mt. Alcock, and Bear/Spa. A set of district specific exploration criteria have been established from the study of past discoveries in the region (e.g., Cardiac Creek deposit, Cirque, Driftpile, etc.). Potential AOIs were assessed using these criteria and evaluated against the geological, geochemical, geophysical and geographical datasets present within the Kechika Trough Exploration Database to identify prospective AOIs. Work has been recommended representing early stage through to drill exploration targets. This evaluation also identified prospective areas on several properties that have had little to no exploration.
The 19 ranked high-priority targets are located on almost every property within the district. Several target areas are classified as drill-ready while others require additional work in order to be upgraded. In some cases, these high-priority targets are associated with adjacent or proximal AOIs that pending exploration success could elevate their ranking.
One of the highest priority targets is the Mt. Alcock prospect located approximately 40 kilometres northwest of the Akie property and 20 kilometres northwest of Teck Resources/Korea Zinc’s Cirque property. The Mt. Alcock prospect, discovered in the late 1970s, is defined by a prominent massive barite cap (“kill zone) which hosts abundant coarse-grained galena and sphalerite on surface.
Limited and extremely shallow drilling by previous operators intersected mineralisation with significant grade such as 9.30% combined Zn+Pb and 1.20 oz/t Ag over 8.8 metres in drill hole AK-89-3 including 14.20% combined Zn+Pb and 1.60 oz/t Ag over 3.6 metres (*) hosted in Gunsteel formation shale. Facies models recently derived by the Company from close examination of the Cardiac Creek deposit can be applied to the Mt. Alcock prospect and greatly assist in vectoring future targeted drilling at depth and down dip of prospective lithology. The tenor and style of mineralization at Cardiac Creek is a close analog and serve as an exploration model going forward. Mineralization in the district, including Cirque, and Driftpile, along with historical drilling, geochemical data and geophysical EM trends all support the exploration model.