Business
Callinex Mines Adds Second Rig to Bathurst Drilling Campaign
VANCOUVER, June 19, 2017 /CNW/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that it has added a second
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"VANCOUVER, June 19, 2017 /CNW/ - Callinex Mines Inc. (the \"Company\" or \"Callinex\") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that it has added a second rig to its ongoing 2017 Bathurst drilling campaign (the \"Campaign\") at the Company's 100% owned Nash Creek Project located in the Bathurst Mining District of New Brunswick. To date, nine holes have been completed as planned to test for potential to expand the near-surface mineral resource further to the north (See News Release dated May 30, 2017). It is anticipated that an additional 15 drill holes will be completed with a concentrated focus on testing an area spanning 500m along strike from the extent of the current mineral resource (See Figure 1 and 2). The Nash Creek Project is ideally situated approximately 1 km south of Provincial Highway 11, about 100 km by road to Trevali's Caribou Mine and 25 km by road to Glencore's Belledune lead/silver smelter, which has direct railway access to Glencore's Canadian zinc smelting and refining operations. Previous exploration has delineated mineralization over a 1.5km strike length and the project hosts an Indicated mineral resource totaling 712 million pounds of zinc equivalent mineralization and an Inferred mineral resource totaling 88 million pounds of zinc equivalent mineralization (see Table 1). Following completion of the Nash Creek phase of the drilling campaign, the drill rigs will be mobilized to the nearby Superjack Project to test for high-grade extensions to the A Zone deposit (See Table 1). The two deepest holes drilled by a previous operator at the A Zone deposit, at a vertical depth of approximately 440m, intersected thick intervals of high-grade mineralization:* NP11-54 intersected 10.3m of 8.2% Zn Eq. (4.0% Zn, 1.7% Pb, 0.4% Cu, 53.3 g/t Ag and 0.3 g/t Au) including a higher-grade interval over 6.6m of 10.5% Zn Eq. (5.3% Zn, 2.2% Pb, 0.4% Cu, 69.0 g/t Ag and 0.5 gt/ Au). NP11-39 intersected 11.2m of 7.6% Zn Eq. (5.0% Zn, 1.0% Pb, 0.2% Cu, 34.2 g/t Ag and 0.2 g/t Au) including a higher-grade interval over 2.6m of 17.6% Zn Eq. (15.0% Zn, 1.4% Pb, 0.3% Cu, 32.5 g/t Ag) In addition to testing the A zone at greater depths, one hole will also test a 1,300 metre long by 800 metre wide gravity inversion anomaly that indicates the three known mineralized zones (A, B and C zones) all potentially connect at depth...