Business
Callinex Mines Drills 1.9 Metres of Massive Sulphides Grading 8.0% Zinc Equivalent at Superjack Project
Highlights Drill hole SJ17-88 intersected 1.9m of massive sulphides grading 8.0% zinc equivalent mineralization in the newly discovered D Zone at the Superjack
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"Highlights Drill hole SJ17-88 intersected 1.9m of massive sulphides grading 8.0% zinc equivalent mineralization in the newly discovered D Zone at the Superjack Project; A recently completed 44km surface pulse electromagnetic survey indicates there may be potential to expand mineralization at depth and along strike; and A total of 31 drill holes have been recently completed at the nearby Nash Creek Project where drilling is ongoing VANCOUVER, Nov. 16, 2017 /CNW/ - Callinex Mines Inc. (the \"Company\" or \"Callinex\") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that drill hole SJ17-88 intersected 1.9m of massive sulphides grading 8.0% zinc equivalent (\"Zn Eq.\") mineralization (6.1% Zn, 1.0% Pb, 0.1% Cu and 35 g/t Ag) in the newly discovered D Zone at the Superjack Project located in the Bathurst Mining District of New Brunswick (See Table 1). This intersection occurs approximately 100m vertically below drill hole SJ17-90 that discovered the D Zone with 2.7m of massive sulphides grading 6.2% Zn Eq. (4.4% Zn, 0.9% Pb, 0.3% Cu and 18 g/t Ag) at a down-hole depth of 40.4m (See News Release dated September 19, 2017). These two mineralized intersections appear to be the only drill holes that have tested the D zone horizon. Further drilling is planned to test off-hole targets and test the strike and depth extent of the new zone, which is wide open along strike and at depth. Massive sulphide mineralization at the D Zone appears sandwiched between conductive graphitic argillites. These conductors, along with many others, were identified by a 1992 horizontal loop electromagnetic (\"HLEM\") survey but were never drill tested. The Company has subsequently completed a large 44km surface pulse electromagnetic ground survey to further evaluate historic targets. Preliminary results indicate significant untested strike length in proximity to the A, B, C and D zones. Drill hole SJ17-88 also intersected 2.9m of massive sulphides grading 5.6% Zn Eq. mineralization (3.9% Zn, 0.8% Pb, 0.2% Cu and 24 g/t Ag) at the B Zone. A subsequent borehole survey indicated there may be potential to expand the mineralized zone at depth and along strike. Additionally, drill hole SJ17-87 expanded the A Zone at depth by approximately 20m with a 3.5m intersection grading 5.3% Zn Eq. (3.4% Zn, 0.9% Pb, 0.3% Cu and 20 g/t Ag). A second drill hole, SJ17-92, was com...