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Callinex Mines Drills 2.7 Metres of 6.2% Zinc Eqivalent at Superjack Project; Discovers New Zinc Zone
VANCOUVER, Sept. 20, 2017 /CNW/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that drill hole SJ17-90 ha
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"VANCOUVER, Sept. 20, 2017 /CNW/ - Callinex Mines Inc. (the \"Company\" or \"Callinex\") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that drill hole SJ17-90 has discovered a new zinc-rich volcanogenic massive sulphide (\"VMS\") zone along what appears to be a third mineralized VMS horizon at the Superjack Project located in the Bathurst Mining District of New Brunswick (See Figure 1). Drill Hole SJ17-90 intersected 2.7m of massive sulphides grading 6.2% Zn Eq. (4.4% Zn, 0.9% Pb, 0.3% Cu and 17.5 g/t Ag) at a starting depth of 40.4m including 0.5m of 20.4% zinc (See Figure 2). A second drill hole, SJ17-88, was extended to intersect this new horizon approximately 100m below drill hole SJ17-90 and also intersected massive sulphide mineralization where assay results are pending. These are the only known holes to have been drilled across this newly recognized horizon. Max Porterfield, President and CEO, stated, \"The discovery of a new near-surface zone confirmed by two of our first four drill holes underscores the exciting exploration potential of the Superjack Project. This new zone represents a compelling near-surface exploration opportunity and also confirms that several EM conductors, previously assumed to be formational, will need to be drill tested. These results, combined with recently released results from the nearby Nash Creek Project, clearly demonstrates the exploration upside within our project portfolio.\" A subsequent borehole pulse electromagnetic (\"BPEM\") survey completed on drill holes SJ17-90 and SJ17-88 identified multiple conductors including a 300m by 500m target associated with this new discovery (See Figure 2). Interestingly, massive sulphide mineralization 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 tested. Callinex is currently conducting a large deep penetrating pulse electromagentic (\"DPEM\") survey in order to further evaluate several of the untested electromagnetic (\"EM\") targets along strike from the newly discovered massive sulphide mineralization. This new zone was intersected in hole SJ17-90 by drilling in an attempt to test a large gravity target at depth. The drill hole began to deviate and had to be abandoned at a downhole depth o...