Canada Zinc Metals Corp. to Change Name to ZincX Resources Corp.
Vancouver, British Columbia (FSCwire) - Canada Zinc Metals Corp. (the
“Company”, TSX Venture Exchange: CZX) is pleased to announce that the Company will change its name from “Canada Zinc
Metals Corp.” to “ZincX Resources Corp.” and will commence trading on the TSX Venture Exchange under the new name and the new
stock symbol “ZNX” beginning Monday, May 7, 2018. Effective Monday, the Company’s website domain will be www.zincxresources.com, and the Company’s CUSIP and ISIN numbers will be 98959V106 and
CA98959V1067, respectively.
The Akie Zn-Pb-Ag Project
The 100% owned Akie property is situated within the Kechika Trough, the southernmost area of the regionally
extensive Paleozoic Selwyn Basin and one of the most prolific sedimentary basins in the world for the occurrence of SEDEX
zinc-lead-silver and stratiform barite deposits.
Drilling on the Akie property by the Company since 2005 has identified a significant body of baritic-zinc-lead
SEDEX mineralization known as the Cardiac Creek deposit. The deposit is hosted by siliceous, carbonaceous, fine grained clastic
rocks of the Middle to Late Devonian Gunsteel Formation.
With additional drilling completed in 2017, the Company has updated the estimate of mineral resources at
Cardiac Creek, as follows:
|
5% Zinc Cut-Off Grade
|
Contained Metal:
|
|
Category
|
Tonnes
(million)
|
Zn (%)
|
Pb (%)
|
Ag (g/t)
|
Zn (B lbs)
|
Pb (B lbs)
|
Ag (M oz)
|
|
Indicated
|
22.7
|
8.32
|
1.61
|
14.1
|
4.162
|
0.804
|
10.3
|
|
Inferred
|
7.5
|
7.04
|
1.24
|
12.0
|
1.169
|
0.205
|
2.9
|
In addition to the Akie Project, the Company owns 100% of eight of eleven large, contiguous property blocks that
comprise the Kechika Regional Project including the advanced Mt. Alcock prospect. The Kechika Regional Project also includes the
Pie, Yuen and Cirque East properties within which the Company maintains a significant 49% interest with partners Teck Resources
Limited (TSX: TECK.B) and Korea Zinc Co. Ltd. These properties collectively extend northwest from the Akie property for
approximately 140 kilometres covering the highly prospective Gunsteel Formation shale; the main host rock for known SEDEX
zinc-lead-silver deposits in the Kechika Trough of northeastern British Columbia. These projects are located approximately 260
kilometres north northwest of the town of Mackenzie, British Columbia, Canada.
Ken MacDonald P.Geo., Vice President of Exploration for the Company, is the designated Qualified Person as defined
by National Instrument 43-101 and is responsible for the technical information contained in this release.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press
release.
ON BEHALF OF THE BOARD OF DIRECTORS
ZINCX RESOURCES CORP.
________________________________
“PEEYUSH VARSHNEY”
PEEYUSH VARSHNEY, LL.B
CEO & CHAIRMAN
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements. These statements are based on current expectations
and assumptions that are subject to risks and uncertainties. We do not assume any obligation to update any forward-looking
statements, except as required by applicable laws.
To view the original release, please click here
Source: Canada Zinc Metals Corp. (TSX Venture:CZX)
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