Vancouver, British Columbia, Canada – Monday, Sept. 28, 2020 – ZincX Resources Corp. (“ZincX Resources” or the “Company”, TSX Venture Exchange: ZNX) is pleased to provide an update on the permitting status for its flagship Akie project.
Permitting Status Update:
The Company has been advised by the Ministry of Energy, Mines and Petroleum Resources (MEMPR) that the surface drill permit for Akie has been extended from December 31, 2020 to December 31, 2021. This date extension has been issued as part of a joint COVID-19 MEMPR/Association of Mineral Exploration (AME) initiative.
The MEMPR has also developed COVID-19 information on how to safely implement mineral exploration activities in BC site which is helpful guidance that the Company has incorporated into their required Emergency Preparedness Plan. These prevention and control protocols are essential safety steps to ensure the health, safety and well-being of employees, contractors and local hires from remote First Nations communities on the Company’s exploration programs and at the Akie exploration camp.
The MEMPR has also advised the Company that the Akie Underground Exploration permit has been extended from December 31, 2020 to December 31, 2021 as part of the same joint COVID-19 MEMPR/Association of Mineral Exploration (AME) initiative.
These date extensions will allow the Company to execute on their intended surface drill program with funding partner Tongling Non-Ferrous Metals of China (Tongling) in 2021. The planned 2021 drill program will consist of approximately 2,000 metres of drilling with a primary objective of acquiring mineralized drill core sample material for advanced metallurgical testing. Testing will commence after completion of the program at a state-of-the-art metallurgical testing facility at laboratories in Tongling, China. The underground exploration date extension provides the Company ample time to apply for and secure a new Akie Underground Exploration permit with a 5-year duration.
Kechika Regional Targeting
The Company’s district wide targeting initiative covering all the Kechika Trough properties is currently underway. This work has incorporated a variety of historical and recent datasets such as: geochemical (silts, soils and rocks), geophysics (VTEM), geology, satellite imagery, and others from the Company’s massive digital data base. Each dataset is being assessed in order to identify key areas of interest (AOI’s) and potential drill-ready targets that will be distilled into a cohesive, ranked, table of targets based on a range of criteria established from known occurrences and deposits within the Kechika Trough (e.g. Cardiac Creek deposit, Cirque deposit, Mt. Alcock). The extension and renewal of all the Company’s Kechika Trough drilling and exploration permits provides the flexibility to plan exploration programs to prioritise and develop these targets in a timely manner.
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.