Update on Activities at Akie and the Kechika Trough
Original announcement by tmx on
- Company
- ZincX Resources Corp.
- Ticker
- ZNX
- Exchange
- TSX
- Region
- British Columbia
- Primary commodity
- Zinc
- Secondary commodities
- Lead, Silver
- Document categories
- Resource update, Economic study
- Extracted
- 2026-09-17 07:08:13 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
ZincX Resources provided an update on its Akie and Kechika Trough activities, re-stating its 2018 mineral resource estimate and Preliminary Economic Assessment (PEA) results for the Cardiac Creek deposit. The 2018 PEA envisages an underground mine with a 35% pre-tax IRR and an after-tax NPV of $401M.
Reasoning: The document is a general corporate update that re-releases stale 2018 resource and PEA data. While the economics and grades are strong, the lack of new technical data reduces novelty.
Positive factors
- Robust 2018 PEA economics
- High-grade Indicated zinc resource
Negative factors
- Stale data (2018 resource and PEA)
- High Inferred component in resource
Facts used in scoring: 7
Classification and evidence
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The mineral resource estimate was last updated in 2018.
Evidence · text
“The Company updated the estimate of mineral resources at Cardiac Creek in 2018”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: A significant portion of the resource is in the Inferred category.
Evidence · table
“7.5”
Context: 7.5
PEA Onlyneutral
Only Class 4 / Initial Assessment economics available. Not bankable.
Evidence · text
“robust positive results from the 2018 Preliminary Economic Assessment (PEA)”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Ken MacDonald, P.Geo. is named as the designated Qualified Person.
Evidence · text
“Ken MacDonald P.Geo., Vice President of Exploration for the Company, is the designated Qualified Person”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Resource Estimates (6)
indicatedCardiac Creek (Akie property) · zincTonnes: 22700000Grade: 8.32Grade Unit: %Contained Metal: 4162000000Contained Unit: lbsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cardiac Creek (Akie property)
- Commodity
- zinc
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- ZNX
Resource scope
- Estimate type
- resource
- Effective date
- 2018-08-02T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:ed317070a81f2b0e1c05
- Deposit or zone
- Cardiac Creek
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 22700000
- Grade
- 8.32
- Grade Unit
- %
- Contained Metal
- 4162000000
- Contained Unit
- lbs
Prior Estimate
- Resource Date
- 2018-08-02
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-08-02T00:00:00.000Z
Dates
- Event date
- 2023-09-29T00:00:00.000Z
Reasoning: High grade indicated zinc resource, but data is from 2018.
Positive factors
- High grade zinc
Negative factors
- Stale data
Evidence · table
“8.32”
Context: 22.7
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.2 years before this release
indicatedCardiac Creek (Akie property) · leadTonnes: 22700000Grade: 1.61Grade Unit: %Contained Metal: 804000000Contained Unit: lbsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cardiac Creek (Akie property)
- Commodity
- lead
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- ZNX
Resource scope
- Estimate type
- resource
- Effective date
- 2018-08-02T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:ed317070a81f2b0e1c05
- Deposit or zone
- Cardiac Creek
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 22700000
- Grade
- 1.61
- Grade Unit
- %
- Contained Metal
- 804000000
- Contained Unit
- lbs
Prior Estimate
- Resource Date
- 2018-08-02
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-08-02T00:00:00.000Z
Dates
- Event date
- 2023-09-29T00:00:00.000Z
Reasoning: Lead grade component of the 2018 indicated resource.
Negative factors
- Stale data
Evidence · table
“1.61”
Context: 22.7
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.2 years before this release
indicatedCardiac Creek (Akie property) · silverTonnes: 22700000Grade: 14.1Grade Unit: g/tContained Metal: 10.3Contained Unit: m ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cardiac Creek (Akie property)
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- ZNX
Resource scope
- Estimate type
- resource
- Effective date
- 2018-08-02T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:ed317070a81f2b0e1c05
- Deposit or zone
- Cardiac Creek
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 22700000
- Grade
- 14.1
- Grade Unit
- g/t
- Contained Metal
- 10.3
- Contained Unit
- m oz
Prior Estimate
- Resource Date
- 2018-08-02
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-08-02T00:00:00.000Z
Dates
- Event date
- 2023-09-29T00:00:00.000Z
Reasoning: Silver grade component of the 2018 indicated resource.
Negative factors
- Stale data
Evidence · table
“14.1”
Context: 22.7
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.2 years before this release
inferredCardiac Creek (Akie property) · zincTonnes: 7500000Grade: 7.04Grade Unit: %Contained Metal: 1169000000Contained Unit: lbsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cardiac Creek (Akie property)
- Commodity
- zinc
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- ZNX
Resource scope
- Estimate type
- resource
- Effective date
- 2018-08-02T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:db890e432cc1d79322f2
- Deposit or zone
- Cardiac Creek
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 7500000
- Grade
- 7.04
- Grade Unit
- %
- Contained Metal
- 1169000000
- Contained Unit
- lbs
Prior Estimate
- Resource Date
- 2018-08-02
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-08-02T00:00:00.000Z
Dates
- Event date
- 2023-09-29T00:00:00.000Z
Reasoning: Inferred zinc resource from 2018.
Negative factors
- Inferred category
Evidence · table
“7.04”
Context: 7.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.2 years before this release
inferredCardiac Creek (Akie property) · leadTonnes: 7500000Grade: 1.24Grade Unit: %Contained Metal: 205000000Contained Unit: lbsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cardiac Creek (Akie property)
- Commodity
- lead
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- ZNX
Resource scope
- Estimate type
- resource
- Effective date
- 2018-08-02T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:db890e432cc1d79322f2
- Deposit or zone
- Cardiac Creek
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 7500000
- Grade
- 1.24
- Grade Unit
- %
- Contained Metal
- 205000000
- Contained Unit
- lbs
Prior Estimate
- Resource Date
- 2018-08-02
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-08-02T00:00:00.000Z
Dates
- Event date
- 2023-09-29T00:00:00.000Z
Reasoning: Lead grade component of the 2018 inferred resource.
Negative factors
- Inferred category
Evidence · table
“1.24”
Context: 7.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.2 years before this release
inferredCardiac Creek (Akie property) · silverTonnes: 7500000Grade: 12Grade Unit: g/tContained Metal: 2.9Contained Unit: m ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cardiac Creek (Akie property)
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- ZNX
Resource scope
- Estimate type
- resource
- Effective date
- 2018-08-02T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:db890e432cc1d79322f2
- Deposit or zone
- Cardiac Creek
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 7500000
- Grade
- 12
- Grade Unit
- g/t
- Contained Metal
- 2.9
- Contained Unit
- m oz
Prior Estimate
- Resource Date
- 2018-08-02
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-08-02T00:00:00.000Z
Dates
- Event date
- 2023-09-29T00:00:00.000Z
Reasoning: Silver grade component of the 2018 inferred resource.
Negative factors
- Inferred category
Evidence · table
“12.0”
Context: 7.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.2 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.