ZincX Resources to Participate at PDAC 2024 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 07:07:42 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
ZincX Resources Corp. is participating in the PDAC 2024 conference to showcase its Akie Project and Cardiac Creek SEDEX deposit. The company highlighted its 2018 PEA results, which feature a 35% pre-tax IRR and a 2.6-year payback for a conventional underground zinc-lead-silver mine.
Reasoning: The document is a corporate announcement regarding PDAC participation, but it re-releases 2018 PEA economics and resource estimates. While the economics are strong (35% IRR), the data is several years old (low novelty) and the study is a preliminary assessment (PEA).
Positive factors
- Robust PEA results with 35% pre-tax IRR
- High-grade SEDEX deposit characteristics
- Strong zinc-lead-silver resource grades
Negative factors
- Stale resource data (2018)
- Economic study is a PEA (low maturity)
- Significant Inferred component in resource
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 (PEA).
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: 7.5
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 the PEA.
Evidence · text
“Ken MacDonald P.Geo... 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: lbsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Akie Project
- 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
- QP Signed
- Yes
- Qualified person names
- Ken MacDonald
- Resource group id
- resource:2ee88ee48f562f4d7593
- Deposit or zone
- Cardiac Creek
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 22700000
- Grade
- 8.32
- Grade Unit
- %
- Contained Metal
- 4162000000
- Contained Unit
- lbs
- Cutoff Grade
- 5
- Cutoff Unit
- % Zn
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
- 2024-02-27T00:00:00.000Z
Reasoning: The resource estimate is high grade but was last updated in 2018.
Positive factors
- High grade zinc (8.32%) in Indicated category
Negative factors
- Stale 2018 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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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 6.2 years before this release
indicatedAkie Project · leadTonnes: 22700000Grade: 1.61Grade Unit: %Contained Metal: 804000000Contained Unit: lbsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Akie Project
- 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
- QP Signed
- Yes
- Qualified person names
- Ken MacDonald
- Resource group id
- resource:2ee88ee48f562f4d7593
- Deposit or zone
- Cardiac Creek
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 22700000
- Grade
- 1.61
- Grade Unit
- %
- Contained Metal
- 804000000
- Contained Unit
- lbs
- Cutoff Grade
- 5
- Cutoff Unit
- % Zn
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
- 2024-02-27T00:00:00.000Z
Reasoning: The resource estimate is high grade but was last updated in 2018.
Positive factors
- High grade zinc (8.32%) in Indicated category
Negative factors
- Stale 2018 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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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 6.2 years before this release
indicatedAkie Project · silverTonnes: 22700000Grade: 14.1Grade Unit: g/tContained Metal: 10.3Contained Unit: m ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Akie Project
- 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
- QP Signed
- Yes
- Qualified person names
- Ken MacDonald
- Resource group id
- resource:2ee88ee48f562f4d7593
- Deposit or zone
- Cardiac Creek
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 22700000
- Grade
- 14.1
- Grade Unit
- g/t
- Contained Metal
- 10.3
- Contained Unit
- m oz
- Cutoff Grade
- 5
- Cutoff Unit
- % Zn
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
- 2024-02-27T00:00:00.000Z
Reasoning: The resource estimate is high grade but was last updated in 2018.
Positive factors
- High grade zinc (8.32%) in Indicated category
Negative factors
- Stale 2018 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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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 6.2 years before this release
inferredAkie Project · zincTonnes: 7500000Grade: 7.04Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Akie Project
- 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
- QP Signed
- Yes
- Qualified person names
- Ken MacDonald
- Resource group id
- resource:dba5fc307e9766c0176b
- Deposit or zone
- Cardiac Creek
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 7500000
- Grade
- 7.04
- Grade Unit
- %
- Cutoff Grade
- 5
- Cutoff Unit
- % Zn
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
- 2024-02-27T00:00:00.000Z
Reasoning: The resource estimate is high grade but was last updated in 2018. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High grade zinc (8.32%) in Indicated category
Negative factors
- Stale 2018 data
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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 6.2 years before this release
inferredAkie Project · leadTonnes: 7500000Grade: 1.24Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Akie Project
- 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
- QP Signed
- Yes
- Qualified person names
- Ken MacDonald
- Resource group id
- resource:dba5fc307e9766c0176b
- Deposit or zone
- Cardiac Creek
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 7500000
- Grade
- 1.24
- Grade Unit
- %
- Cutoff Grade
- 5
- Cutoff Unit
- % Zn
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
- 2024-02-27T00:00:00.000Z
Reasoning: The resource estimate is high grade but was last updated in 2018. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High grade zinc (8.32%) in Indicated category
Negative factors
- Stale 2018 data
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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 6.2 years before this release
inferredAkie Project · silverTonnes: 7500000Grade: 12Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Akie Project
- 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
- QP Signed
- Yes
- Qualified person names
- Ken MacDonald
- Resource group id
- resource:dba5fc307e9766c0176b
- Deposit or zone
- Cardiac Creek
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 7500000
- Grade
- 12
- Grade Unit
- g/t
- Cutoff Grade
- 5
- Cutoff Unit
- % Zn
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
- 2024-02-27T00:00:00.000Z
Reasoning: The resource estimate is high grade but was last updated in 2018. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High grade zinc (8.32%) in Indicated category
Negative factors
- Stale 2018 data
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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 6.2 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.