Business
Callinex Mines Announces Significant Expansion to Nash Creek Zinc Deposit; Plans to Complete PEA in Q1 2018
VANCOUVER, Sept. 5, 2017 /CNW/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce results from 14 drill holes
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"VANCOUVER, Sept. 5, 2017 /CNW/ - Callinex Mines Inc. (the \"Company\" or \"Callinex\") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce results from 14 drill holes, including ten that confirm the extension of the Nash Creek Deposit (the \"Deposit\") approximately 500m to the north at the Company's 100% owned Nash Creek Project located within the Bathurst Mining District of New Brunswick (See Figures 1 and 2). Results announced to date from Callinex's initial drilling campaign has successfully increased the strike length of the Deposit by approximately 35% as indicated by a total of 13 drill holes that all intersected significant mineralization (See Table 1 and Figures 3). The Deposit is open for expansion laterally to the north of drill hole NC-241 that intersected 10.6m grading 4.3% zinc equivalent (\"Zn Eq.\") (See Table 1 and Figure 3). The southern 1.5km of the 2km long Nash Creek Deposit contains an indicated resource totaling 712 million pounds of Zn Eq. mineralization and an inferred resource totaling 88 million pounds of Zn Eq. mineralization (See Table 2). The Superjack Project located 100 km by highway to the southwest hosts an additional near-surface inferred resource totaling 328 million pounds of Zn Eq. mineralization in the Bathurst Mining Camp (See Table 2 and Figure 1). Highlights from the northern extension of the Nash Creek Deposit include: Hole 229 intersected 11.7m of 4.0% Zn Eq. within a larger intersection over 18.1m grading 3.0% Zn Eq. at a starting depth of 18.0m; Hole 233 intersected 9.5m of 6.5% Zn Eq. within a larger intersection over 43.9m grading 3.1% Zn Eq. at a starting depth of 30.1m; and Hole 241 intersected 10.6m of 4.3% Zn Eq. with a larger intersection over 20.0m of 3.0% Zn Eq. at a starting depth of 64.5m. Max Porterfield, President and CEO, stated \"We are looking forward to aggressively delineating additional zinc-rich mineralization in the Bathurst Mining District, particularly in advance of an upcoming PEA that will evaluate the economic potential of these deposits. The Nash Creek and Superjack zinc projects, which are directly connected by highway with access to power, represent a unique opportunity to build shareholder value considering their size, location and exploration potential.\" Callinex plans to extend its ongoing drilling campaign in the Bathurst Mining District thr...