Business
Callinex Provides Update on Drilling to Define High-Grade Copper Rainbow Deposit and Test Priority Targets in the Flin Flon Mining District, MB
Callinex Provides Update on Drilling to Define High-Grade Copper Rainbow Deposit and Test...
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"\n \n \n \n Callinex Provides Update on Drilling to Define High-Grade Copper Rainbow Deposit and Test Priority Targets in the Flin Flon Mining District, MB\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Highlights:\n \n \n \n \n \n One drill rig has completed 11 holes to define the Rainbow in anticipation of a NI 43-101 resource estimate on the deposit;\n \n \n \n \n A second rig has begun to test three of the five previously announced target areas; and\n \n \n \n \n Assays pending on all holes from the current drill campaign.\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 19, 2022\n \n \n /CNW/ -\n \n Callinex Mines Inc.\n \n (the \"Company\" or \"Callinex\") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce that it has completed 21 drill holes during the ongoing 2022 drilling campaign (the \"Campaign\") at its Pine Bay Project (the \"Project\") located 16km from\n \n Flin Flon, MB\n \n \n (District Overview Map)\n \n . The 21 holes drilled to date have completed 12,950 meters of the fully funded 20,000 meter drilling campaign with a focus on delineating the high-grade copper Rainbow Deposit (the \"Rainbow\") and test recently identified regional exploration targets.\n \n \n One drill rig has completed 11 drill holes as the Company completes step out and infill drilling on the Red, Orange and Yellow zones of the Rainbow Deposit\n \n (Rainbow Deposit Long Section)\n \n . The Company anticipates another 9 holes will be completed on the Rainbow before the end of this campaign and ahead of the publication of a maiden NI 43-101 resource estimate on the deposit.  Additionally, re-sampling of the historic core from the Pine Bay deposit is underway in preparation for an updated NI 43-101 resource estimate that is planned. Rainbow and Pine Bay are located on Callinex's mineral lease, less than\n \n 250m\n \n from a high-voltage power-line and\n \n 550m\n \n from a historic shaft with direct road access to processing facilities in\n \n Flin Flon, MB\n \n .\n \n \n \n \n \n \n \n \n \n A second rig has begun testing thre...