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Callinex Mines Inc.
Summary
| Project: | Pine Bay | |
|---|---|---|
| Deposit: | Pine Bay | |
| Location: | Canada | |
| Commodities: | Zinc-Copper-Gold-Silver-Lead | |
| Date: | 1/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-1-2017: Callinex Mines Inc. announces an Exploration/Drilling Update report for its Pine Bay deposit at the Pine Bay project. Drilling results incl. 1.74m @ 1.99% Cu, 0.01% Zn, 0.07g/t Au, 4.55g/t Ag from 783.42m. Vancouver, British Columbia – January | |
| Resources: | x | |
| CP/QP: | [Overall Report]: James Pickell (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia – January 19, 2017 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to provide additional drill results from its ongoing drilling campaign at the Pine Bay Project located near Flin Flon, Manitoba. The Company has received assay results from drill hole 284-3-93W02 and 95-02-DPN. Hole 284-3-93W02 was drilled to test a Borehole Pulse ElectroMagnetic (‘BPEM’) anomaly believed to be associated with the Pine Bay VMS Horizon and provide an approximate 60m step-out intersection above the recent discovery in hole 284-3-93-DPN (See news release dated November 1, 2016). Drill hole 284-3-93W02 successfully intersected the Pine Bay Horizon between 1264.2m-1272.4m and cut three copper-rich, chalcopyrite stringer-bearing intervals within a strongly altered felsic volcanic package, including one interval with 0.2m of 3.42% Cu. A partial BPEM survey that was completed to a down-hole depth of 1,112m identified a sizeable untested off-hole geophysical target along strike to the southwest (See Figures 1 and 2). Since the closest drill hole to intersect the horizon is well over 500m away, this leaves a large new prospective area open for further exploration (see Figure 2). The Company plans to extend drill hole 95-02-DPN, located approximately 400m along strike to the southwest from the 284-3-93W02 hole to test this area and the interpreted new BPEM anomaly associated with the Pine Bay Horizon. | |
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