PHOENIX, May 24, 2018 (GLOBE NEWSWIRE) -- ZincX Resources Corp. (TSX-V:ZNX) (OTC Gray:CZXMF) ( the “Company”) announced President and CEO Peeyush Varshney’s interview on Uptick Newswire’s “Stock Day” Podcast.
ZincX Resources, formerly known as Canada Zinc Metals Corp, is a Canadian zinc exploration company based in British Colombia. All of the company’s assets are located in this region. Over the years, the company has been able to put together a very significant zinc lead silver deposit, one of the largest undeveloped zinc deposits in the world. The deposit contains over 30 million tons of 10% zinc and lead. In addition to this, the company also possesses a massive, district scale exploration package. This has been a major factor in attracting the interest of strategic shareholders.
The company is currently conducting a Preliminary Economic Assessment (PEA) on the deposit, with results expected to be released before the end of May. This is the first step towards getting the project fully permitted and prepared for the potential construction of a mine. There are very few zinc companies out there, according to Varshney, and the size and grade of their deposit really makes it stand out. “We’re in British Colombia, a very good mining environment, and majors are also looking for a deposit that is close to additional significant exploration packages, and that’s exactly what we have,” says Varshney. These factors- scale, grade, jurisdiction, and district scale exploration potential- are the primary factors that draw the interest of major mining groups.
Varshney is confident in the direction that the company is headed. “There’s a real imbalance in the supply and demand side, hence the increase in the price of zinc over the past two years. We have a project here at ZincX Resources that is attracting the interest of major mining groups… and I do think that makes it a great investment opportunity.”
With a market cap of $39 million and shares priced at 23 cents, “Stock Day” host Everett Jolly believes that the company is undervalued.
For more information about the company’s financial details, mineral explorations, and their upcoming resource assessment, listen to the full interview at the link below.
About ZincX Resources Corp
ZincX Resources Corp. (OTC: CZXMF, TSX-V: ZNX) is a mineral exploration company focused on unlocking the long-term mining potential of the Zn-Pb-Ag enriched Kechika Trough district located in the low-risk development environment of British Columbia. The Company is the dominant tenure holder in the prolific Kechika Trough district that is host to several Zn-Pb-Ag deposits including the Company’s Cardiac Creek deposit. The Company has strategically subdivided its extensive tenure holdings into two key projects: The Akie Project (Cardiac Creek deposit) and the Kechika Regional Project (Blue Sky exploration potential). For more information, visit their website http://zincxresources.com/
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