For thousands of other reports visit RSC's Mineral Intellingence Map
Callinex Mines Inc.
Summary
| Project: | Nash Creek | |
|---|---|---|
| Deposit: | Nash Creek | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 1/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-1-2018: Callinex Mines Inc. announces an Exploration/Drilling Update report for its Nash Creek deposit at the Nash Creek project. Drilling results incl. 102.5m @ 1.67% Zn, 0.26% Pb, 1.76g/t Ag from 10.5m. VANCOUVER, Jan. 22, 2018 /CNW/ - Callinex Mines | |
| Resources: | (Resource): 9.033Mt @ 3.58% ZnEq. (Ind.) and 1.113Mt @ 3.58% ZnEq. (Inf.) at project | |
| CP/QP: | [Overall Report]: Jason Levers (Internal) | |
| ABSTRACT: | VANCOUVER, Jan. 22, 2018 /CNW/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSX-V:CNX; OTCQX:CLLXF) is pleased to announce assay results from four drill holes as part of the recently completed 35 drill hole campaign at the Company's 100%owned Nash Creek Deposit located within the Bathurst Mining District of New Brunswick (See Figures 1, 2 and 3). Three of these four drill holes expanded the Nash Creek Deposit to the northwest of recently reported drill holes NC17-248, NC17-255, NC17-257 and NC17-269 (See News Release dated January 18, 2018). Drill Hole NC-249, the northernmost hole, intersected extensive mineralization including 53.8mof 2.8%ZnEq. starting at a depth of 18.5mincluding two separate higher-grade intervals of 11.5mof 5.1%ZnEq.and 10.7mof 4.0%ZnEq. within 60m of surface (See Figures 4 and 5). These drill holes have expanded the lateral extent of the northern most area of the Nash Creek Deposit up to 260m (See Figure 2 and 3). Max Porterfield, President and CEO, stated, "The impressive width of mineralization intersected indicates potential to build additional tonnage in the northern expansion of the Nash Creek Deposit. Furthermore, the depth of this mineralization combined with higher grade zones could add significant value to the upcoming PEA." Callinex plans to delineate the extent of the Nash Creek Deposit along strike in both directions that is coincident with a 3 km long zinc-lead soil anomaly, of which only the southern 2 km has been drilled. The Company also plans to test satellite zones that are open for expansion and commence a district-scale exploration program along the 20 km long land package. The Nash Creek Deposit hosts a near surface indicated resource totaling 712 million pounds Zn. Eq. and inferred resource totaling 88 million pounds of ZnEq. (See Table 2). The Company's Superjack hosts an additional near-surface inferred resource totaling 328 million pounds of Zn Eq. in the Bathurst Mining District (See Table 2). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report