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Callinex Mines Inc.
Summary
| Project: | Pine Bay | |
|---|---|---|
| Deposit: | Pine Bay | |
| Location: | Canada | |
| Commodities: | Zinc-Copper-Gold-Silver-Lead | |
| Date: | 5/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-5-2017: Callinex Mines Inc. announces an Exploration/Drilling Update report for its Pine Bay deposit at the Pine Bay project. Drilling results incl. 2.58m @ 1.64% Cu, 0.53% Zn, 0.92g/t Au, 34.60g/t Ag from 1047.42m. Callinex Mines Inc. (the "Company" or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: James Pickell (Not stated) | |
| ABSTRACT: | Callinex Mines Inc. (the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that drill hole PBM- 024 intersected 2.6m of 3.0% Cu Eq. containing 1.64% Cu, 0.53% Zn, 0.92 g/t Au and 34.6 g/t Ag at the Company's Pine Bay Project located near Flin Flon, Manitoba (See Table 1). This significant new Volcanogenic Massive Sulphide ("VMS") intersection occurs approximately 180m along strike to the southwest of and 70m below the 10.3m thick intersection of 13.1% Zn Eq. cut by drill hole 284-3-93-DPN (See Figures 1, 2 and 3). The location of the PBM-024 intersection suggests that the massive sulphide zone, if proven to be continuous from the 10.3m intersection in 284-3-93-DPN, likely has a strike length comparable with many of the more significant past-producing VMS mines within the Flin Flon Mining District. Interestingly, the copper-rich massive sulphide intersection in drill hole PBM-024 is virtually non-conductive and almost completely invisible to conventional Borehole Pulse ElectroMagnetic ("BPEM") surveys. Given the widely-spaced drill holes, the prospects of expanding this zone towards surface and at depth is significantly enhanced based on the Company's exploration model. Max Porterfield, President and CEO, stated "We are encouraged by this most recent intersection in drill hole PBM-024 which indicates that mineralization associated with the 10.3m discovery grading 13.1% Zn Eq. is now open towards surface and at depth. With our first pass of follow up exploration now complete, upcoming work will increasingly focus on delineating the grade and size of this exciting new discovery." | |
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