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Callinex Mines Commences District-Scale Induced Polarization Survey
VANCOUVER, Sept. 5, 2018 /CNW/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce that it has a commenced an
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":" VANCOUVER, Sept. 5, 2018 /CNW/ - Callinex Mines Inc. (the \"Company\" or \"Callinex\") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce that it has a commenced an aggressive, district-scale induced polarization (\"IP\") survey at the Company's 100% owned Nash Creek Zinc Project (the \"Project\") located in the Bathurst Mining District of New Brunswick, Canada (See Figures 1 and 2). The objective of the IP Survey is to detect additional near-surface zinc-rich volcanogenic massive sulphide (\"VMS\") deposits along an underexplored 20 km long trend with high-grade base metal occurrences. Targets generated from previous IP surveys have shown a very high correlation to the current mineral resources (See Figure 3 and Table 1). Only 2 km of the 20 km trend has been subject to any significant exploration, which led to the delineation of the Nash Creek Deposit. A 2011 IP survey has shown the technology to be the most effective method for targeting base metal sulphides at the Project (See Figure 3). All of the IP targets that have been drill tested intersected either base metal mineralization or alteration related to the Nash Creek Deposit. The 2018 IP Survey, anticipated to be completed in 60 days, will span a linear 16.5 km northwest-southeast trend with line widths up to 4.7 km (See Figure 4). The depth penetration of the survey is estimated to be approximately 200 m. A follow-up drill program will be planned to test high-priority targets generated from the IP Survey. The 2011 IP survey was integral to Callinex's initial 2017 exploration campaign that led to a major expansion of the Nash Creek Deposit with an increase in Indicated zinc equivalent (\"Zn Eq.\") pounds by 74% to 963 million pounds and an increase in Inferred Zn Eq. pounds by 385% to 407 million pounds (See News Release dated April 16, 2018). The northern grid will encompass the Central Zone, located 1.6 km to the east of the Nash Creek Deposit, and consist of a pole-dipole survey with 100 m line spacing that totals 38 line-km. The southern grid will consist of a pole-dipole survey with 300 m line spacing that totals 137 line-km. In 1987 the Department of Natural Resources and Environment (DNRE) conducted a study of the potential of the volcanic rocks and documented several high-grade outcrops and highly anomalous stream sediment samples on southern portion of Callinex' ...