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Callinex Mines Inc.
Summary
| Project: | Nash Creek | |
|---|---|---|
| Deposit: | Nash Creek | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 12/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-12-2018: Callinex Mines Inc. announces an Exploration/Drilling Update report for its Nash Creek deposit at the Nash Creek project. Drilling results incl. 3.0m @ 10.91% Zn, 1.19% Pb, 23.33g/t Ag from 99.0m. VANCOUVER, Dec. 13, 2018 /CNW/ - Callinex Mine | |
| Resources: | (Resource): 13.592Mt @ 3.21% ZnEq. (Ind.) and 5.929Mt @ 3.11% ZnEq. (Inf.) at project | |
| CP/QP: | [Overall Report]: J.J. O'Donnell (Independent) | |
| ABSTRACT: | VANCOUVER, Dec. 13, 2018 /CNW/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce results from the 2018 drilling campaign (the "Campaign") at the Company's 100% owned Nash Creek Project (the "Project") located within the Bathurst Mining District of New Brunswick (See Figures 1 and 2). The majority of drill holes were completed to test sparsely drilled areas periphery to the Nash Creek Deposit and two holes were drilled to test a preliminary induced polarization ("IP") target (the "Central Zone target") to the east (See Table 1 and News Release dated July 11, 2018). Most of the holes drilled to the north targeted an untested portion of a 3 km long soil anomaly and did not encounter significant mineralization. The two widely-spaced holes drilled into the Central Zone target intersected mineralization ranging up to semi-massive sulphides with zinc and lead values (See Table 1). Two widely-spaced drill holes, NC18-301 and NC18-302, tested part of the Central Zone target that was identified late in the 2018 field season. Results from these two drill holes has revealed lithologies, alteration, and mineralization which replicates an environment similar to the Hickey Zone, located 1.2 km to the west. This Central Zone target was identified within a small area that was covered as part of a much larger 175 line km IP survey that was previously announced (See News Release dated October 1, 2018). The district-scale IP survey is still ongoing and anticipated to be completed in the first quarter of 2019. | |
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