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Callinex Reports Initial Drill Results at Pine Bay
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 19, 2017) - Callinex Mines Inc. (the "Company" or "Callinex") (TSX VENTURE:CNX)(OTCQX:CLLXF) is pleased to prov
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 19, 2017) - Callinex Mines Inc. (the \"Company\" or \"Callinex\") (TSX VENTURE:CNX)(OTCQX:CLLXF) is pleased to provide additional drill results from its ongoing drilling campaign at the Pine Bay Project located near Flin Flon, Manitoba. The Company has received assay results from drill hole 284-3-93W02 and 95-02-DPN. Hole 284-3-93W02 was drilled to test a Borehole Pulse ElectroMagnetic ('BPEM') anomaly believed to be associated with the Pine Bay VMS Horizon and provide an approximate 60m step-out intersection above the recent discovery in hole 284-3-93-DPN (See news release dated November 1, 2016). Drill hole 284-3-93W02 successfully intersected the Pine Bay Horizon between 1264.2m-1272.4m and cut three copper-rich, chalcopyrite stringer-bearing intervals within a strongly altered felsic volcanic package, including one interval with 0.2m of 3.42% Cu. A partial BPEM survey that was completed to a down-hole depth of 1,112m identified a sizeable untested off-hole geophysical target along strike to the southwest (See Figures 1 and 2). Since the closest drill hole to intersect the horizon is well over 500m away, this leaves a large new prospective area open for further exploration (see Figure 2). The Company plans to extend drill hole 95-02-DPN, located approximately 400m along strike to the southwest from the 284-3-93W02 hole to test this area and the interpreted new BPEM anomaly associated with the Pine Bay Horizon. The 284-3-93W02 wedged drill hole also tested an area approximately 60m above the 10.3m intersection grading 13.1% Zn Eq. cut by 284-3-93-DPN (see news release dated October 18, 2016) (See Figure 3). It appears that a post-ore mafic dyke replaced the massive sulphide zone in this immediate area of the Cabin VMS Horizon. The hole did intersect footwall mineralization immediately preceding the mafic dyke over a 5.7m interval grading 1.04% Zn, which is comparable to the weak footwall mineralization intersected prior to the 10.3m massive sulphide intersection in hole 284-3-93-DPN. The Company has also recently completed drill hole PBM-017 and anticipates shutting down the rig drilling PBM-019 later today. Both holes were drilled to test the down plunge extent of the 284-3-93-DPN zone approximately 300m beneath the intersection. These holes did not intersect significant massiv...