Callinex Intersects 7.9m of 2.5% Zn and 0.42 g/t Au in the Flin Flon Mining District
Callinex 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 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
grading 13.1% Zn Eq. and drill hole PBM-024 located
180m
along strike that intersected
2.6m
of 3.0% Cu Eq. (See News
Release dated
May 1, 2017
). Drill hole PBM-030 reached its intended target and intersected intense alteration with abundant pyrite mineralization
before intersecting a post-mineralized intrusion (See Figure 5). There appears to be a significant dyke or sill that could limit the overall potential size
of this zone.
The Company plans to complete a 3-D Induced Polarization survey in the area to model lowly conductive pyrite mineralization that may occur
over a series of smaller deposits. Drill hole PBM-026 expanded a mineralized zone associated with the Baker Patton deposit and intersected
significant stringer mineralization from
399.2m
to
462.1m
including
3.8m
grading 2.4% Cu at a starting depth of
399.2m
along with a separate
intersection of
9.6m
grading 1.2% Cu at a starting depth of
452.5m
including
2.2m
of 1.9% Cu at a starting depth of
452.5m
(See Figure 6).
The Pine Bay Project is located 16 km east of HudBay's 777 Mine and processing facilities near
Flin Flon, MB
and covers a significant portion of
the Baker Patton Felsic Complex, one of the largest and most highly altered packages of felsic volcanic rocks within the Flin Flon Greenstone Belt.
Jason Levers
, P.Geo, a qualified person under National Instrument 43-101 and Project Geologist for Callinex, has reviewed and approved the
technical information in this news release.
Figure 1: Flin Flon Regional Overview Map
Figure 2: Big Island Project Plan Map
Figure 3: Pine Bay Project Plan Map
Figure 4: Longitudinal Section of the Tara Lake Deposit
Figure 5: Longitudinal Section of the Cabin VMS Horizon
Figure 6: Longitudinal Section of the Baker Patton VMS Horizon
Table 1: NQ Diamond Drill Hole Data
Hole ID
UTM Zone 14T
NAD 83 East
UTM Zone 14T
NAD 83 North
Elevation
(m)
Azimuth
(
o
N UTM)
Dip
(
o
)
Length
(m)
TZ17-01
324670
6076703
324
270
-45
144
TZ17-02
324272
6076190
340
100
-67
912
TZ17-03
324586
6076646
324
128
-45
90
TZ17-04
324586
6076646
324
134
-65
124
TZ17-05
324670
6076703
324
203
-45
210
PBM026
332808
6071459
318
315
-65
885
PBM027
332808
6071459
318
315
-74
1320
PBM028
332808
6071459
318
306
-72
177
PBM029
332808
6071459
318
305
-76
264
PBM030
332852
6071479
320
310
-82
1224
QA/QC
Individual samples were labeled, placed in plastic sample bags, and sealed. Groups of samples were then placed in security sealed bags and
shipped directly to SGS Canada Inc in
Vancouver, B.C.
for analysis. Samples were crushed to 75% passing 2mm and pulverized to 85% passing
75 microns in order produce a 250g split. All copper, zinc and silver assays were determined by Aqua Regia digestion with a combination of ICP-
MS and ICP-AES finish, with overlimits (>100 ppm Ag, >10,000 ppm Zn, and >10,000 ppm Cu) completed by fire assay with gravimetric finish
(Ag) or Aqua Regia digestion with ICP-AES finish (copper and zinc). All samples were analyzed for gold by Fire Assay of a 30 gram charge by
AAS, or if over 10.0 g/t were re-assayed and completed with a gravimetric finish. QA/QC included the insertion and continual monitoring of
numerous standards and blanks into the sample stream at a frequency of 1 per 10 samples, and the collection of duplicate samples at random
intervals within each batch at a frequency of 1 per 10 samples.
SGS Canada Inc carried out some or all of following methods to obtain the assay results for Callinex: G_LOG02 Pre-preparation processing,
G_WGH79 Weighing and reporting, G_PRP89 Weigh, dry, crush, split, pulverize, G_SCRQC QC for crush and pulverize stages, G_CRU22
Crush >3kg, G_DRY11 Dry samples, GE_FAA313 @Au, FAS, AAS, 30g-5ml (Final mode), GE-IC14A Aqua Regia digestion/ICP-AES
finish, GE_IMS14B Aqua Regia digestion/ICP-MS package, GE_IMS14 Aqua Regia digestion, GO_FAG303 30g, Fire assay, gravimetric finish
(Au)(Final Mode), GO_FAG313 30g, Fire assay, gravimetric finish (Ag)(Final Mode), G0_ICP13B Ore Grade, Aqua Regia digest/ICP-AES.
Ag >10ppm was analyzed by ICP and GO_XRF77B-pyrosulfate fusion.
About Callinex Mines Inc.
Callinex Mines Inc. (TSX-V: CNX ; OTCQX: CLLXF) is advancing its portfolio of zinc rich deposits located in established Canadian
mining jurisdictions. The portfolio is highlighted by its
Nash Creek
and Superjack deposits in the Bathurst Mining District of
New
Brunswick
. Callinex is actively drilling these projects in support of an updated resource estimate and maiden PEA planned for Q2 2018.
Additionally, Callinex is actively exploring its projects in the Flin Flon Mining District of
Manitoba
which notably include the Pine Bay
and Big Island Projects. These projects are located within 25 km to an operating processing facility that requires additional ore within
four years.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements
with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown
risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from
any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability
to complete the proposed drill program and the timing and amount of expenditures. Except as required under applicable securities laws,
Callinex does not assume the obligation to update any forward-looking statement
.
SOURCE
Callinex Mines Inc.
View original content: http://www.newswire.ca/en/releases/archive/January2018/12/c7753.html
%SEDAR: 00031889E
For further information:
Callinex Mines Inc., Max Porterfield, President and Chief Executive Officer, Phone: (604) 605-0885, E-mail:
CO: Callinex Mines Inc.
CNW 08:30e 12-JAN-18