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Callinex Mines Inc.
Summary
| Project: | Nash Creek | |
|---|---|---|
| Deposit: | Nash Creek | |
| Location: | Canada | |
| Commodities: | Lead-Zinc-Silver | |
| Date: | 6/4/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-6-2020: Callinex Mines Inc. announces an Exploration/Drilling Update report for its Nash Creek deposit at the Nash Creek project. Drilling results incl. 19m @ 36.53g/t Ag, 0.38% Zn, 0.52% Pb from 34m. VANCOUVER, BC, June 4, 2020 /CNW/ - Callinex Mines I | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] J.J. O'Donnell (Independent) | |
| ABSTRACT: | VANCOUVER, BC, June 4, 2020 /CNW/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTC: CLLXF) is pleased to announce results from eight of 18 drill holes completed during the 2019/2020 drilling campaign (the "Campaign") at its 100% owned Nash Creek Project (the "Project") located within the Bathurst Mining District of New Brunswick (See Figure 1 and Figure 2). The Campaign totalled 3,347m of drilling to test 18 targets at the Nash Creek Project and an additional 733m of drilling to test two targets at the Superjack Project. The drilling campaign was highlighted by the discovery of a new silver zone 9.6 kms along strike from the Nash Creek deposit. Drill hole NC19-306 intersected 19m of 36.53 g/t Ag, 0.52% Pb and 0.38% Zn at a starting depth of 34.0m including 3m of 130 g/t Ag, 0.98% Pb and 0.16% Zn (See Figure 2 and Table 1). Additionally, drill holes NC19-309, NC19-310 and NC19-311 intersected near surface zinc and lead mineralization across a 1.1 km trend in the Central Zone area (See News Release dated December 13, 2018). Max Porterfield, President and CEO, stated, "We are excited by the initial results from the recently completed drilling campaign in New Brunswick. The near surface silver discovery highlights the prospectivity of the Nash Creek Project and requires immediate follow-up to drill test the extent of the mineralization." Mr. Porterfield continued, "The Central Zone area warrants further drilling due to the results from three widely spaced holes over a 1.1km trend. Each of these drill holes intersected zinc and lead mineralization within 100m of surface and above the cut-off grade outlined in the Preliminary Economic Assessment (PEA) published in 2018." | |
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