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Callinex Mines Intersects 7.9m of 2.5% Zn and 0.42 g/t Au in the Flin Flon Mining District
Highlights Callinex completes maiden drilling campaign at the Big Island Project and intersects 7.9m of 2.5% Zn and 0.42 g/t Au; Borehole surveys identified a g
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"Highlights Callinex completes maiden drilling campaign at the Big Island Project and intersects 7.9m of 2.5% Zn and 0.42 g/t Au; Borehole surveys identified a geophysical target with a strike extent of 450m and a plunge extent of 675m at the Tara Lake Deposit; and Drilling expanded the historic Baker Patton deposit with a 3.8m intersection grading 2.4% Cu. VANCOUVER, Jan. 12, 2018 /CNW/ - Callinex Mines Inc. (the \"Company\" or \"Callinex\") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce results from the 2017 summer drilling campaign (the \"Campaign\") at the Pine Bay and Big Island Projects within the Flin Flon Mining District of Manitoba (See Figures 1,2 and 3). The Campaign consisted of ten holes totaling 5,350m of drilling to conduct a maiden program at the Company's Big Island Project and follow-up on high-grade volcanogenic massive sulphide (\"VMS\") mineralization at the Pine Bay Project. The maiden drilling campaign at the Big Island Project, which hosts the high-grade Tara Lake Deposit, consisted of five holes totaling 1,480m to test the down-plunge potential, confirm the orientation of a fault reported to have displaced part of the deposit and test for lateral extensions of mineralization. This program confirmed that the fault is likely responsible for displacing a portion of the deposit along the projected plunge. Drill hole TZ17-03 tested for a possible fold nose closure and intersected 7.9m of 2.5% Zn and 0.42 g/t Au at a starting depth of 69.5m including 0.2m of 28% Zn, 1.9 g/t Au and 42.7 g/t Ag at a starting depth of 76.9m. Significantly, multiple borehole surveys identified conductors down-plunge that represent potential for mineralization in a proximal setting. In particular, hole TZ17-02 which was drilled approximately 500m south along the projected plunge line, identified a untested borehole pulse electromagnetic conductor with a strike extent of 450m and a plunge extent of 675m, with a coincident magnetic signature indicative of massive sulphides (See Figure 4). This target will be tested as part of an upcoming 2018 drilling program and the results will assist the Company to determine whether to proceed further with the option agreement. A follow-up drilling program at the Pine Bay Project was completed to test for continuity between drill holes 284-3-93-DPN that previously intersected 10.3m gra...