# ZincX Resources Provides Update on Metallurgical Test Work By Tongling Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/zincx-resources-provides-update-on-metallurgical-test-work-by-tongling--b8f9b6b9-e668-4fb9-b8d3-e0625d939fe3 Original source: https://money.tmx.com/en/quote/ZNX/news/4521933847897835/zincx-resources-provides-update-on-metallurgical-test-work-by-tongling Publisher: tmx Original announcement: 2022-11-07T08:05:00.000Z 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, Metallurgy, Economic study - Extracted: 2026-09-17 07:08:33 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas 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 factor: Strategic partnership with Tongling for advanced metallurgical testing - Positive factor: Ongoing detailed test work on 2021 drill core - Positive factor: Robust historical PEA economics - Negative factor: Metallurgical results are still in progress; no new assay data provided in this update Facts used in scoring: 7 ## Classification and evidence **Mill Route** Polarity: neutral Definition: 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 Only** Polarity: neutral Definition: 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 Signed** Polarity: positive Definition: 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 Route** Polarity: neutral Definition: 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) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/zincx-resources-provides-update-on-metallurgical-test-work-by-tongling--b8f9b6b9-e668-4fb9-b8d3-e0625d939fe3#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 - 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 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 4.8 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/zincx-resources-provides-update-on-metallurgical-test-work-by-tongling--b8f9b6b9-e668-4fb9-b8d3-e0625d939fe3#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 - 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 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 4.8 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/zincx-resources-provides-update-on-metallurgical-test-work-by-tongling--b8f9b6b9-e668-4fb9-b8d3-e0625d939fe3#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 - 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 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 4.8 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/zincx-resources-provides-update-on-metallurgical-test-work-by-tongling--b8f9b6b9-e668-4fb9-b8d3-e0625d939fe3#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 - 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 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **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 4.8 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/zincx-resources-provides-update-on-metallurgical-test-work-by-tongling--b8f9b6b9-e668-4fb9-b8d3-e0625d939fe3#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 - 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 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **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 4.8 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/zincx-resources-provides-update-on-metallurgical-test-work-by-tongling--b8f9b6b9-e668-4fb9-b8d3-e0625d939fe3#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 - 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 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **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 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.