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Callinex Mines Inc.
Summary
| Project: | Nash Creek | |
|---|---|---|
| Deposit: | Nash Creek | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 2/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-2-2018: Callinex Mines Inc. announces an Exploration/Drilling Update report for its Nash Creek deposit at the Nash Creek project. Drilling results incl. 11.8m @ 3.10% Zn, 0.44% Pb, 19.04g/t Ag from 37.2m. Vancouver, British Columbia – February 14, 2018 | |
| Resources: | (Resource): 9.033Mt @ 3.58% ZnEq. (Ind.) and 1.113Mt @ 3.58% ZnEq. (Inf.) at project | |
| CP/QP: | [Overall Report]: J.J. O'Donnell (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – February 14, 2018 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce assay results from the recently completed drilling campaign at the Company’s 100% owned Nash Creek Project located within the Bathurst Mining District of New Brunswick (See Figures 1 and 2). The drill holes were completed to expand the deposit laterally and along strike in the northern area of the Nash Creek Deposit. Significantly, NC17-263 intersected 11.8m of 3.9% zinc equivalent mineralization (Zn Eq.) and expanded the deposit to the east while NC17-278 intersected three separate near-surface zones including 10.0m of 3.6% Zn Eq. and 9.0m of 3.3% Zn Eq. (See Figure 3 and Table 1). Drill hole NC17-280, the northernmost hole drilled as part of the expansion program, intersected 4.1m of 4.6% Zn Eq.The reported drill holes were completed to support an updated NI 43-101 Mineral Resource Estimate that is scheduled for completion in March. These results indicate that the deposit remains open along strike, which is coincident with a considerable lead-in-soil anomaly. Furthermore, these drill holes also indicate that the bulk of 2017 drilling intersected the main mineralized body. There may be additional opportunities to expand the deposit laterally by identifying and targeting NW trending cross-structures. | |
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