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Callinex Enhances Targets Along Trend of Silver Discoveries at the Nash Creek Project in the Bathurst Mining District, New Brunswick
Highlights: Numerous conductive targets identified along the 6.8 km trend between Callinex's discovery holes NC20-313 and NC19-306; Two recent silver discoverie
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":" Highlights: Numerous conductive targets identified along the 6.8 km trend between Callinex's discovery holes NC20-313 and NC19-306; Two recent silver discoveries: drill hole NC20-313 intersected 28.6m of 57 g/t silver including 16.5m of 94 g/t silver and NC19-306 intersected 19m of 36.53 g/t silver, 0.52% lead and 0.38% zinc; and Highlights the Company's multidisciplinary exploration approach to discover additional silver mineralization at the Project. VANCOUVER, BC, Aug. 4, 2020 /CNW/ - Callinex Mines Inc. (the \"Company\" or \"Callinex\") (TSXV: CNX) (OTC: CLLXF) is pleased to announce results from reprocessing and interpretation of a regional 2006 airborne Versatile Time Domain Electromagnetic (\"VTEM\") geophysical survey at its 100% owned Nash Creek Project (the \"Project\") located within the Bathurst Mining District of New Brunswick (See Figure 1). In May 2020 the Company retained EarthEx Geophysical Solutions (\"EarthEx\") to complete a thorough interpretation of the VTEM data. In total, 367 line-km were reprocessed, imaged, mapped and interpreted that has yielded 20 targets which may be considered for further investigation. The work by EarthEx has identified numerous conductive targets along the 6.8 km trend between Callinex's discovery holes NC20-313 and NC19-306. Drill hole NC20-313, which intersected 28.6m of 57 g/t silver at a vertical depth of 120m including 16.5m of 94 g/t silver, was drilled 350m to the north of the weakest of the four conductive anomalies identified in the VTEM data (See Figure 2 and Figure 3).The Company believes that the stronger anomalies to the south have the potential to represent more sulphide mineralization that was discovered in NC20-313. In addition to the silver discovered in NC20-313, drill hole NC19-306 intersected 19m of 36.53 g/t silver, 0.52% lead and 0.38% zinc at a starting depth of 34.0m (See News Releases dated June 15, 2020 and June 4, 2020). The Company is encouraged by the recently reprocessed VTEM data results, along with Induced Polarization data, and results from the ongoing soil sampling program will assist in vectoring towards higher grade silver mineralization in future drilling campaigns (See Figure 4 and Figure 5). Once the soil sampling program is completed, the Company plans on initiating a robust drilling campaign to systemat...