{"id":1137740,"date":"2019-09-11T13:12:00","date_gmt":"2019-09-11T18:12:00","guid":{"rendered":"https:\/\/www.mining.com\/?p=1001651"},"modified":"2019-09-11T13:12:00","modified_gmt":"2019-09-11T18:12:00","slug":"cardiac-creek-returns-high-grades-for-zincx","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1137740","title":{"rendered":"Cardiac Creek returns high grades for ZincX"},"content":{"rendered":"<p>Following up on a positive preliminary economic assessment (PEA) completed last year, ZincX Resources has released more high-grade drill results from exploration at its Cardiac Creek zinc-lead-silver project in northwestern B.C.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The company, which until last May was known as Canada Zinc Metals, completed 2,350 metres of large-diameter diamond drilling in four holes in August.<\/p>\n<p>Hole 150 returned 38.2 metres (true width) averaging 6.14% zinc, 1.15% lead and 10.9 g\/t silver starting at 480 metres depth. The longer interval included a 10.9-metre intercept of 10.85% zinc, 2.23% lead and 17 g\/t silver.<\/p>\n<p>ZincX reports that all four holes tested the Cardiac Creek Zone with excellent recovery of thick intervals of sphalerite-galena-barite mineralization, including highly mottled textures which generally indicate greater than average zinc grades. Its 2019 exploration program is focused on the central high-grade core of the deposit targeting the initial five years of future mine production identified in the PEA.<\/p>\n<p>Last year, ZincX released a PEA for Cardiac Creek that outlined a 4,000 t\/d underground mine with an 18-year mine life with a C$302.3 million initial capital cost. The study projected an after-tax net present value of C$401 million (at a 7% discount rate) and an after tax internal rate of return of 27%.<\/p>\n<p>Cardiac Creek is part of ZincX\u2019s flagship Akie project, located 260 km northwest of Mackenzie, B.C., in the Kechika Trough.<\/p>\n<p>The company also announced that additional sampling of a hole drilled at the Sitka zone, a massive barite zinc-lead showing located 4 km east of Cardiac Creek, intersected broader mineralization that. ZincX had previously reported shorter, shallower mineralized intervals from the hole (A-18-149), but additional sampling has outlined a broad, 55.5 metre open-ended downhole interval starting at 193 metres depth that graded 6.7 g\/t silver.<\/p>\n<p><em>(This article first appeared in the <\/em><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"http:\/\/www.canadianminingjournal.com\/\" ><em>Canadian Mining Journal<\/em><\/a><em>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last year, ZincX released a PEA for Cardiac Creek that outlined a 4,000 t\/d underground mine with an 18-year mine life.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1137740"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1137740"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1137740\/revisions"}],"predecessor-version":[{"id":1137741,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1137740\/revisions\/1137741"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1137740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1137740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1137740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}