Business
Callinex Mines Commences 2017 Summer Drilling Campaign In Flin Flon Mining District
VANCOUVER, Aug. 29, 2017 /CNW/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that it has commenced its 2
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"VANCOUVER, Aug. 29, 2017 /CNW/ - Callinex Mines Inc. (the \"Company\" or \"Callinex\") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that it has commenced its 2017 summer drilling campaign (the \"Campaign\") at the Pine Bay and Big Island Projects within the Flin Flon Mining District of Manitoba (See Figure 1). The Campaign is anticipated to include approximately 6,000m of drilling in the Flin Flon Mining District to follow-up on the new zinc and gold-rich volcanogenic massive sulphide (\"VMS\") discovery at the Pine Bay Project (See News Releases dated October 18, 2016 and May 1, 2016) and conduct a maiden drilling campaign at the Big Island Project. Max Porterfield, President and CEO, stated, \"We are excited to return to the Flin Flon Mining District to evaluate the potential size of our zinc and gold discovery at the Pine Bay Project. The nearby Tara Lake deposit also represents compelling exploration upside with high-grade intersections including 12.4m of 34% Zn Eq. and 19.4m of 24% Zn Eq.\" Mr. Porterfield, continued, \"We plan to aggressively advance our assets in the Flin Flon and Bathurst mining districts, where we are targeting a material increase to the Nash Creek Deposit.\" After the initial discovery intersected 10.3m grading 13.1% Zn Eq. (6.0% Zn, 1.8 g/t Au, 60.4 g/t Ag, 0.7% Cu and 0.4% Pb) in late-2016, a series of widely-spaced drill holes were completed to test the Cabin VMS Horizon that hosts the mineralization. Drill hole PBM-024, the last hole completed in the vicinity, intersected 2.6m of 3.0% Cu Eq. and expanded the potential strike extent of the new discovery to 180m. As a result, this follow-up drilling campaign will test for additional mineralization more closely related to the new discovery and along a 300m wide by 600m long exploration corridor (See Figure 2). Drilling at the Big Island Project will be focused on the near surface Tara Lake Deposit, one of the highest-grade zinc-rich VMS discoveries ever made within the Flin Flon Mining District. This first-pass campaign will include confirmation drilling to obtain core samples along with subsequent lithogeochemical and geophysical testing to assist future exploration programs. Between 1987 and 1988 Westfield Minerals discovered exceptionally high-grade zinc and gold-rich VMS mineralization over considerable widths with highlights including (See N...