ZincX Resources Provides Update on Metallurgical Test Work By Tongling
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, Metallurgy, Economic study
- Extracted
- 2026-09-17 07:08:33 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
ZincX Resources provided an update on ongoing metallurgical test work being conducted by Tongling at the Cardiac Creek deposit. The company also restated its 2018 resource estimate and Preliminary Economic Assessment (PEA) parameters.
Reasoning: The document provides a progress update on metallurgical testing rather than new results, while re-stating historical resource and economic data.
Positive factors
- Strategic partnership with Tongling for advanced metallurgical testing
- Ongoing detailed test work on 2021 drill core
- Robust historical PEA economics
Negative factors
- Metallurgical results are still in progress; no new assay data provided in this update
Facts used in scoring: 7
Classification and evidence
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The PEA envisages a concentrator operation.
Evidence · text
“envisages a conventional underground mine and concentrator operation”
PEA Onlyneutral
Only Class 4 / Initial Assessment economics available. Not bankable.
Why it applies: The economic data provided is from a 2018 Preliminary Economic Assessment.
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 and Mike Makarenko are named as designated Qualified Persons.
Evidence · text
“Ken MacDonald P.Geo., Vice President of Exploration for the Company, is the designated Qualified Person”
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("dense media separation")
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Resource Estimates (6)
indicatedCardiac Creek · zincTonnes: 22700000Grade: 8.32Grade Unit: %Contained Metal: 4.162Contained Unit: b lbsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cardiac Creek
- Commodity
- zinc
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- ZNX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:343eafa556bd2040904a
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 22700000
- Grade
- 8.32
- Grade Unit
- %
- Contained Metal
- 4.162
- Contained Unit
- b lbs
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-01-01T00:00:00.000Z
Dates
- Event date
- 2022-11-07T00:00:00.000Z
Reasoning: This is a restatement of the 2018 resource estimate.
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 4.8 years before this release
indicatedCardiac Creek · leadTonnes: 22700000Grade: 1.61Grade Unit: %Contained Metal: 0.804Contained Unit: b lbsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cardiac Creek
- Commodity
- lead
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- ZNX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:343eafa556bd2040904a
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 22700000
- Grade
- 1.61
- Grade Unit
- %
- Contained Metal
- 0.804
- Contained Unit
- b lbs
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-01-01T00:00:00.000Z
Dates
- Event date
- 2022-11-07T00:00:00.000Z
Reasoning: This is a restatement of the 2018 resource estimate.
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 4.8 years before this release
indicatedCardiac Creek · silverTonnes: 22700000Grade: 14.1Grade Unit: g/tContained Metal: 10.3Contained Unit: m ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cardiac Creek
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- ZNX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:343eafa556bd2040904a
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-01-01T00:00:00.000Z
Dates
- Event date
- 2022-11-07T00:00:00.000Z
Reasoning: This is a restatement of the 2018 resource estimate.
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 4.8 years before this release
inferredCardiac Creek · zincTonnes: 7500000Grade: 7.04Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cardiac Creek
- Commodity
- zinc
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- ZNX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:cc8942c4d8453e2243cf
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 7500000
- Grade
- 7.04
- Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-01-01T00:00:00.000Z
Dates
- Event date
- 2022-11-07T00:00:00.000Z
Reasoning: This is a restatement of the 2018 resource estimate. (Expanded from multi-commodity resource table for completeness.)
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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 4.8 years before this release
inferredCardiac Creek · leadTonnes: 7500000Grade: 1.24Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cardiac Creek
- Commodity
- lead
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- ZNX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:cc8942c4d8453e2243cf
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 7500000
- Grade
- 1.24
- Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-01-01T00:00:00.000Z
Dates
- Event date
- 2022-11-07T00:00:00.000Z
Reasoning: This is a restatement of the 2018 resource estimate. (Expanded from multi-commodity resource table for completeness.)
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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 4.8 years before this release
inferredCardiac Creek · silverTonnes: 7500000Grade: 12Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Cardiac Creek
- Commodity
- silver
- Region
- canada_bc
- Reported Region
- British Columbia
- Ticker
- ZNX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:cc8942c4d8453e2243cf
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 7500000
- Grade
- 12
- Grade Unit
- g/t
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-01-01T00:00:00.000Z
Dates
- Event date
- 2022-11-07T00:00:00.000Z
Reasoning: This is a restatement of the 2018 resource estimate. (Expanded from multi-commodity resource table for completeness.)
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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 4.8 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.