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Callinex Intersects 11.8m of 3.9% Zinc Equivalent Mineralization at Nash Creek in New Brunswick
Highlights Drill hole NC17-263 intersected 11.8m of 3.9% Zn Eq. and expanded the deposit to the east; Drill hole NC17-278 intersected three separate near-surfac
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"Highlights Drill hole NC17-263 intersected 11.8m of 3.9% Zn Eq. and expanded the deposit to the east; Drill hole NC17-278 intersected three separate near-surface zones including 10.0m of 3.6% Zn Eq. and 9.0m of 3.3% Zn Eq.; and Drill hole NC17-280, the northernmost hole drilled as part of the expansion program, intersected 4.1m of 4.6% Zn Eq. VANCOUVER, Feb. 14, 2018 /CNW/ - Callinex Mines Inc. (the \"Company\" or \"Callinex\") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce assay results from the recently completed drilling campaign at the Company's 100% owned Nash Creek Project located within the Bathurst Mining District of New Brunswick (See Figures 1 and 2). The drill holes were completed to expand the deposit laterally and along strike in the northern area of the Nash Creek Deposit. Significantly, NC17-263 intersected 11.8m of 3.9% zinc equivalent mineralization (Zn Eq.) and expanded the deposit to the east while NC17-278 intersected three separate near-surface zones including 10.0m of 3.6% Zn Eq. and 9.0m of 3.3% Zn Eq. (See Figure 3 and Table 1). Drill hole NC17-280, the northernmost hole drilled as part of the expansion program, intersected 4.1m of 4.6% Zn Eq. The reported drill holes were completed to support an updated NI 43-101 Mineral Resource Estimate that is scheduled for completion in March. These results indicate that the deposit remains open along strike, which is coincident with a considerable lead-in-soil anomaly. Furthermore, these drill holes also indicate that the bulk of 2017 drilling intersected the main mineralized body. There may be additional opportunities to expand the deposit laterally by identifying and targeting NW trending cross-structures. Callinex plans to delineate the extent of the Nash Creek Deposit along strike in both directions that is coincident with a 3 km long zinc-lead soil anomaly, of which only the southern 2 km has been drilled. The Company also plans to test satellite zones that are open for expansion and commence a district-scale exploration program along the 20 km long land package. At least two north-striking vertical faults appear to be a pathway for mineralization at the Nash Creek Project. The Peacock Fault appears related to the Hayes Zone and the Chickadee Fault appears to be related to the Hickey Zone. The Peacock Fault has only had one hole drilled betw...