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Callinex Mines Inc.
Summary
| Project: | Pine Bay | |
|---|---|---|
| Deposit: | Sourdough | |
| Location: | Canada | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 10/11/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-10-2016: Callinex Mines Inc. announces an Exploration/Drilling Update report for its Sourdough deposit at the Pine Bay project. Drilling results incl. 0.44m @ 2.14% Zn, 0.397g/t Au, 16.70g/t Ag, 0.38% Pb from 812.1m. Vancouver, British Columbia – Octob | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: James Pickell (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia – October 11, 2016 – Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that the first hole from its ongoing drilling campaign, drill hole SDB-005, has intersected 24.9m of Volcanogenic Massive Sulphide (“VMS”) mineralization with base and precious metal values at the Sourdough area of the Pine Bay Project located near HudBay’s operations in Flin Flon, Manitoba (see Figure 1). The hole was drilled below and to the north of the historic Sourdough VMS deposit in order to test a large borehole geophysical target (See News Release dated June 15, 2016). The drill hole intersected the edge of the target and a conductive zone of sulphide mineralization between 811.2 and 836.1 metres (see Figures 2 and 3). The results from this drill hole enhance the likelihood that the borehole geophysical target is solely caused by conductive bands and stringers of massive sulphides that may be laterally associated with more significant base and precious metal values. Upon completion of SDB-005, two additional borehole electromagnetic surveys were conducted with various loop configurations to further refine and isolate nearby conductive responses. The survey indicated that the main target area, which was not intersected in SDB-005, is very conductive and has significant dimensions. This target area is located above drill hole SDB-005 and to the north where no drilling occurs within the immediate vicinity. | |
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