ZincX Resources to Participate at PDAC 2023 Conference
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 07:08:45 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
ZincX Resources is participating in the PDAC 2023 conference to showcase its Akie Project and Cardiac Creek SEDEX deposit. The company highlighted its 2018 PEA results, which envisage an underground zinc-lead-silver mine with a 35% pre-tax IRR and a 2.6-year payback.
Reasoning: The document re-releases 2018 PEA results and resource estimates to promote PDAC participation. While the economics are robust (35% Pre-Tax IRR), the data is several years old.
Positive factors
- Strong IRR and NPV from PEA
- High-grade SEDEX deposit characteristics
- Significant contained metal scale
Negative factors
- Stale resource estimate (2018)
- Economics include Inferred resources
Facts used in scoring: 7
Classification and evidence
PEA Onlyneutral
Only Class 4 / Initial Assessment economics available. Not bankable.
Why it applies: The economic results are from a 2018 Preliminary Economic Assessment.
Evidence · text
“The Company announced robust positive results from the 2018 Preliminary Economic Assessment (PEA).”
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: Inferred
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: Qualified Persons are named for the technical information and PEA.
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)
indicatedAkie Project · zincTonnes: 22700000Grade: 8.32Grade Unit: %Contained Metal: 4162000000Contained Unit: lbsView all detailsHide details
Identity
- Project
- Akie Project
- 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:72bf061f673ff57554cd
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 22700000
- Grade
- 8.32
- Grade Unit
- %
- Contained Metal
- 4162000000
- Contained Unit
- lbs
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-02-28T00:00:00.000Z
Reasoning: Indicated resource component of the 2018 estimate.
Positive factors
- High grade zinc
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
indicatedAkie Project · leadTonnes: 22700000Grade: 1.61Grade Unit: %Contained Metal: 804000000Contained Unit: lbsView all detailsHide details
Identity
- Project
- Akie Project
- 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:72bf061f673ff57554cd
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 22700000
- Grade
- 1.61
- Grade Unit
- %
- Contained Metal
- 804000000
- Contained Unit
- lbs
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-02-28T00:00:00.000Z
Reasoning: Indicated resource component of the 2018 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
indicatedAkie Project · silverTonnes: 22700000Grade: 14.1Grade Unit: g/tContained Metal: 10.3Contained Unit: m ozView all detailsHide details
Identity
- Project
- Akie Project
- 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:72bf061f673ff57554cd
- 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
- No
- Historical
- No
Dates
- Event date
- 2023-02-28T00:00:00.000Z
Reasoning: Indicated resource component of the 2018 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
inferredAkie Project · zincTonnes: 7500000Grade: 7.04Grade Unit: %View all detailsHide details
Identity
- Project
- Akie Project
- 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:7d2678d6e4e363200cea
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 7500000
- Grade
- 7.04
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-02-28T00:00:00.000Z
Reasoning: Indicated resource component of the 2018 estimate. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High grade zinc
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
inferredAkie Project · leadTonnes: 7500000Grade: 1.24Grade Unit: %View all detailsHide details
Identity
- Project
- Akie Project
- 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:7d2678d6e4e363200cea
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 7500000
- Grade
- 1.24
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-02-28T00:00:00.000Z
Reasoning: Indicated resource component of the 2018 estimate. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High grade zinc
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
inferredAkie Project · silverTonnes: 7500000Grade: 12Grade Unit: g/tView all detailsHide details
Identity
- Project
- Akie Project
- 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:7d2678d6e4e363200cea
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 7500000
- Grade
- 12
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2023-02-28T00:00:00.000Z
Reasoning: Indicated resource component of the 2018 estimate. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High grade zinc
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
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.