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Callinex Mines Inc.
Summary
| Project: | Superjack | |
|---|---|---|
| Deposit: | Superjack | |
| Location: | Canada | |
| Commodities: | Zinc-Lead-Copper-Silver | |
| Date: | 9/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-9-2017: Callinex Mines Inc. announces an Exploration/Drilling Update report for its Superjack deposit at the Superjack project. Drilling results incl. 2.7m @ 4.405% Zn, 0.89% Pb, 0.27% Cu, 17.49g/t Ag from 40.4m. VANCOUVER, Sept. 20, 2017 /PRNewswire/ | |
| Resources: | (Resource, Inf.): 3.211Mt @ 4.63% ZnEq. at project | |
| CP/QP: | [Overall Report]: Jason Levers (Internal) | |
| ABSTRACT: | VANCOUVER, Sept. 20, 2017 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that drill hole SJ17-90 has discovered a new zinc-rich volcanogenic massive sulphide ("VMS") zone along what appears to be a third mineralized VMS horizon at the Superjack Project located in the Bathurst Mining District of New Brunswick (See Figure 1). Drill Hole SJ17-90 intersected 2.7m of massive sulphides grading 6.2% Zn Eq. (4.4% Zn, 0.9% Pb, 0.3% Cu and 17.5 g/t Ag) at a starting depth of 40.4m including 0.5m of 20.4% zinc (See Figure 2). A second drill hole, SJ17-88, was extended to intersect this new horizon approximately 100m below drill hole SJ17-90 and also intersected massive sulphide mineralization where assay results are pending. These are the only known holes to have been drilled across this newly recognized horizon. Max Porterfield, President and CEO, stated, "The discovery of a new near-surface zone confirmed by two of our first four drill holes underscores the exciting exploration potential of the Superjack Project. This new zone represents a compelling near-surface exploration opportunity and also confirms that several EM conductors, previously assumed to be formational, will need to be drill tested. These results, combined with recently released results from the nearby Nash Creek Project, clearly demonstrates the exploration upside within our project portfolio." | |
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