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Callinex Mines Discovers Two High Grade Copper, Gold, Silver and Zinc Lenses in the Flin Flon Mining District of Manitoba
Highlights: Drill hole PBM-111 intersected 3.09% copper, 0.75 g/t gold, 13.35 g/t silver, 1.88% zinc over 2.96m and a second interval that returned 4.12% copper
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":" Highlights: Drill hole PBM-111 intersected 3.09% copper, 0.75 g/t gold, 13.35 g/t silver, 1.88% zinc over 2.96m and a second interval that returned 4.12% copper, 0.22 g/t gold, 2.21 g/t silver, 0.06% zinc over 4.31m; Subsequent borehole EM results suggest an abrupt thickening and possible merging of the two base and precious metals rich massive sulphide lenses immediately to the north; and A drill has been mobilized to test the highly conductive source off-hole to the north of PBM-111. VANCOUVER, Sept. 9, 2020 /CNW/ - Callinex Mines Inc. (the \"Company\" or \"Callinex\") (TSXV: CNX) (OTC: CLLXF) is pleased to announce the Rainbow discovery (the \"Discovery\") comprising two high-grade copper, gold, silver and zinc lenses at the Company's Pine Bay Project, located 16 kms away from Flin Flon, Manitoba (See Figure 1). The Rainbow discovery hole, PBM-111, intersected 2.96 metres of 3.09% copper, 0.75 g/t gold, 13.35 g/t silver, 1.88% zinc and a second interval of 4.31 metres of 4.12% copper, 0.22 g/t gold, 2.21 g/t silver, 0.06% zinc (See Table 1). The Rainbow discovery has been made on Callinex's mineral lease, less than 500m from a high-voltage power-line and 800m from a historic shaft with direct road access to processing facilities in Flin Flon (Figure 2). Based on assay results obtained from drillhole PBM-111 and a newly completed Borehole Pulse ElectroMagnetic (\"BPEM\") survey, the Company has mobilized a drill to commence a second hole to test a highly conductive off-hole anomaly defined to the north of drill hole PBM-111 (Figure 3). Click here to walk-through the Rainbow discovery. Max Porterfield, President and CEO, stated, \"The two high grade copper, gold, silver and zinc lenses discovered, coupled with subsequent borehole survey results, suggest we are at the early stages of a substantial discovery in Manitoba.\" Mr. Porterfield continued, \"The community of Flin Flon has been through a storm with a great deal of uncertainty about its future with the impending shutdown of the 777 mine. We believe the Rainbow discovery has the potential to provide a bright future for Flin Flon and our shareholders.\" The Rainbow discovery was made by testing a previously identified BPEM anomaly known as Anomaly A, a highly conductive 260m by 600m anomaly (See Figure 4 and Figure 5)(See News Release Dated July 21, 2020). A...