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Callinex Mines Discovers 28.6m of 57 g/t Ag Including 16.5m of 94 g/t Ag Near Surface at the Nash Creek Project in Bathurst Mining District, New Brunswick
Highlights: Drill hole NC20-313 intersected 28.6m of 57 g/t Ag at a vertical depth of 120m including two 6m intervals of 140 g/t Ag and 88.5 g/t Ag; NC20-313 is
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":" Highlights: Drill hole NC20-313 intersected 28.6m of 57 g/t Ag at a vertical depth of 120m including two 6m intervals of 140 g/t Ag and 88.5 g/t Ag; NC20-313 is located 2.8 km along strike south of Nash Creek Deposit and only the second drill hole to test an 11 km unexplored trend south of the deposit; and The hole is located 6.8 kms along strike to the north of drill hole NC19-306 which intersected 19m of 36.53 g/t Ag, 0.52% Pb and 0.38% Zn at a starting depth of 34.0m. VANCOUVER, BC, June 15, 2020 /CNW/ - Callinex Mines Inc. (the \"Company\" or \"Callinex\") (TSXV: CNX) (OTC: CLLXF) is pleased to announce results from the remaining 12 holes completed during the 2019-2020 drilling campaign (the \"Campaign\") at its 100% owned Nash Creek and Superjack projects located within the Bathurst Mining District of New Brunswick (See Figure 1 and Figure 2). The Campaign encompassed 4,080m of drilling to test 18 regional targets at the Nash Creek Project (the \"Project\") and two targets at the Superjack Project. The results are highlighted by drill hole NC20-313 which intersected 28.6m of 57 g/t Ag at a starting depth of 163.0m (vertical depth of 120m) including 16.5m of 94 g/t Ag (See Figure 3 and Table 1). Max Porterfield, President and CEO, stated, \"Nash Creek is quickly emerging as a potential district scale silver discovery as shown through results announced from our recently completed regional exploration campaign.\" Mr. Porterfield continued, \"The only two drill holes to test the 11km trend, which are located 6.8km apart, each intersected near surface silver mineralization that has the potential to be amenable to open pit mining. We are excited by these results and are eager to expand upon these discoveries as soon as possible.\" Drill hole NC20-313 is only the second hole to intersect the 11km trend to the south of the Nash Creek deposit. The drill hole was designed to test a Induced Polarization (IP) low resistivity anomaly which is interpreted to be on the same trend as the Nash Creek deposit located 2.8 kms to the North (See Figure 4). There is a strong correlation between the low resistivity anomaly and the 18km long Black Point Arleau Brook Fault (the \"fault\"), which appears to control the recently discovered silver mineralization. NC20-313 is located 6.8 kms along strike to the no...