# ZincX Resources Provides Company Update Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/zincx-resources-provides-company-update--ca8cfc38-a87b-4836-aefd-8b1180120faa Original source: https://money.tmx.com/en/quote/ZNX/news/4979284491161575/zincx-resources-provides-company-update Publisher: tmx Original announcement: 2023-05-05T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 07:07:36 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary ZincX Resources provided a company update highlighting its flagship Cardiac Creek Zn-Pb-Ag deposit at the Akie property in British Columbia. The update re-stated the 2018 mineral resource estimate and the 2018 Preliminary Economic Assessment \(PEA\) results, which show a pre-tax IRR of 35%. Reasoning: The company provided a general update re-stating its 2018 resource and 2018 PEA results. While the economics are robust, the data is not new. - Positive factor: Strong PEA economics with 35% pre-tax IRR - Positive factor: Significant zinc-lead-silver resource scale - Positive factor: Zinc designated as a critical mineral - Negative factor: Resource estimate is stale \(2018\) - Negative factor: Economics based on a PEA \(lower maturity\) Facts used in scoring: 7 ## Classification and evidence **PEA Only** Polarity: neutral Definition: Only Class 4 / Initial Assessment economics available. Not bankable. Why it applies: The economic parameters provided are from a 2018 Preliminary Economic Assessment. Evidence · text > The Company announced robust positive results from the 2018 Preliminary Economic Assessment \(PEA\). **Stale Estimate** Polarity: negative Definition: 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 Resource** Polarity: negative Definition: 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 · text > Inferred 7.5 7.04 1.24 12.0 1.169 0.205 2.9 ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Resource Estimates (6) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/zincx-resources-provides-company-update--ca8cfc38-a87b-4836-aefd-8b1180120faa#fact-resource-facts-1) Cardiac Creek · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Cardiac Creek - Commodity: zinc - Region: canada\_bc - Reported Region: British Columbia - Ticker: ZNX #### Resource scope - Estimate type: resource - Effective date: 2018-01-01T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:3e50fe5d58372c1e7060 - 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: 2018-01-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-01T00:00:00.000Z #### Dates - Event date: 2023-05-05T00:00:00.000Z Reasoning: Significant indicated resource reported, though historical. - Positive factor: Large indicated resource Evidence · table > 8.32 Context: 22.7 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.3 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/zincx-resources-provides-company-update--ca8cfc38-a87b-4836-aefd-8b1180120faa#fact-resource-facts-2) Cardiac Creek · lead Historical result Needs review: historical\_restatement #### Identity - Project: Cardiac Creek - Commodity: lead - Region: canada\_bc - Reported Region: British Columbia - Ticker: ZNX #### Resource scope - Estimate type: resource - Effective date: 2018-01-01T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:3e50fe5d58372c1e7060 - 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: 2018-01-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-01T00:00:00.000Z #### Dates - Event date: 2023-05-05T00:00:00.000Z Reasoning: Secondary metal reported in indicated resource. Evidence · table > 1.61 Context: 22.7 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.3 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/zincx-resources-provides-company-update--ca8cfc38-a87b-4836-aefd-8b1180120faa#fact-resource-facts-3) Cardiac Creek · silver Historical result Needs review: historical\_restatement #### Identity - Project: Cardiac Creek - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: ZNX #### Resource scope - Estimate type: resource - Effective date: 2018-01-01T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:3e50fe5d58372c1e7060 - 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: 2018-01-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-01T00:00:00.000Z #### Dates - Event date: 2023-05-05T00:00:00.000Z Reasoning: Secondary metal reported in indicated resource. Evidence · table > 14.1 Context: 22.7 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.3 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/zincx-resources-provides-company-update--ca8cfc38-a87b-4836-aefd-8b1180120faa#fact-resource-facts-4) Cardiac Creek · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Cardiac Creek - Commodity: zinc - Region: canada\_bc - Reported Region: British Columbia - Ticker: ZNX #### Resource scope - Estimate type: resource - Effective date: 2018-01-01T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:50c09ff92d4e07805866 - 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: 2018-01-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-01T00:00:00.000Z #### Dates - Event date: 2023-05-05T00:00:00.000Z Reasoning: Inferred resource component. Evidence · table > 7.04 Context: 7.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.3 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/zincx-resources-provides-company-update--ca8cfc38-a87b-4836-aefd-8b1180120faa#fact-resource-facts-5) Cardiac Creek · lead Historical result Needs review: historical\_restatement #### Identity - Project: Cardiac Creek - Commodity: lead - Region: canada\_bc - Reported Region: British Columbia - Ticker: ZNX #### Resource scope - Estimate type: resource - Effective date: 2018-01-01T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:50c09ff92d4e07805866 - 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: 2018-01-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-01T00:00:00.000Z #### Dates - Event date: 2023-05-05T00:00:00.000Z Reasoning: Secondary metal reported in inferred resource. Evidence · table > 1.24 Context: 7.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.3 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/zincx-resources-provides-company-update--ca8cfc38-a87b-4836-aefd-8b1180120faa#fact-resource-facts-6) Cardiac Creek · silver Historical result Needs review: historical\_restatement #### Identity - Project: Cardiac Creek - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: ZNX #### Resource scope - Estimate type: resource - Effective date: 2018-01-01T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:50c09ff92d4e07805866 - 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: 2018-01-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-01T00:00:00.000Z #### Dates - Event date: 2023-05-05T00:00:00.000Z Reasoning: Secondary metal reported in inferred resource. Evidence · table > 12.0 Context: 7.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.3 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.