Callinex Intersects 37m of 6% Copper in the Rainbow Deposit located in the Flin Flon Mining District, MB
Callinex Mines Inc. (OTC: CLLXF) announced significant drill results from the ongoing 30,000m drilling campaign at the Rainbow Deposit. Highlights include PBM-138 intersecting 37m of 6.00% copper, 0.35 g/t gold, and 6.13 g/t silver, while PBM-133 returned 2.62% copper equivalent over 7.71m. One drill rig is testing the deposit's up plunge extent, indicating consistent high-grade mineralization. The campaign, with 27 holes completed so far, aims to delineate this resource further.
- PBM-138 intersected 37m of 6.00% copper, indicating high-grade mineralization.
- PBM-133 returned 7.71m of 2.62% copper equivalent, showing strong exploration results.
- The ongoing 30,000m drilling campaign is fully funded and progressing as planned.
- None.
Highlights:
- PBM-138 intersected 37m of
6.00% copper, 0.35 g/t gold and 6.13 g/t silver; - PBM-133 intersected 7.71m of
2.62% CuEq including1.70% copper, 0.52 g/t gold, 8.25 g/t silver and1.29% zinc; and - One drill is currently testing the up plunge extent of the Rainbow Deposit to surface.
VANCOUVER, BC, Sept. 7, 2021 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTC: CLLXF) is pleased to announce additional drill results from the ongoing 30,000m drilling campaign to expand the high-grade copper, gold, silver and zinc Rainbow Deposit (the "Rainbow"). The Rainbow is located at the
PBM-138 intersected the Orange Zone and returned 37.0m of
Max Porterfield, President and CEO, stated, "We continue to be impressed with assay results coming out of the Rainbow as Callinex expands the high-grade copper deposit. The Company recently mobilized one of the two drill rigs to define how close the Rainbow deposit comes to surface. To date the Rainbow deposit has been intersected from 300m vertical depth down to 890m."
Additionally, PBM-133 intersected the Orange Zone with
Two drill holes, PBM-135 and PBM-136, were drilled to test the down plunge extent of mineralization below discovery hole PBM-111, the deepest intersection to date at the Rainbow. Drill holes PBM-135 and PBM-136 have been interpreted to have gone above and below the plunge line. Additional drilling is required to further delineate the deposit at depth.
One rig is currently drilling to test the up plunge extent of the Rainbow deposit above 300m vertical depth. A second drill rig is operating to test regional exploration targets to the north and along strike of the Rainbow Deposit, while vectoring with borehole electromagnetic surveys. Since the Company commenced its 2021 exploration campaign, 27 holes (including 5 wedges) have been announced for a total of 18,700 meters out of a fully funded 30,000 meter budgeted drill program. Callinex will continue to provide results for the duration of the 2021 drilling campaign.
Table 1: Pine Bay Drill Results
Drill Hole | From (m) | To (m) | Interval (m) | True Width (m) | Cu % | Au g/t | Ag g/t | Zn % | Sg | CuEq % |
PBM-113-W3 | 861.00 | 866.00 | 5.00 | 3.72 | 1.38 | 0.06 | 2.04 | 0.08 | 3.00 | 1.47 |
PBM-132 | 652.00 | 658.00 | 6.00 | 5.14 | 1.38 | 0.17 | 4.33 | 0.13 | 3.19 | 1.58 |
PBM-133
including | 506.00
510.5 | 513.71
513.71 | 7.71
3.21 | 7.02
2.92 | 1.70
3.48 | 0.52
0.70 | 8.25
12.18 | 1.29
0.98 | 3.51
4.02 | 2.62
4.44 |
PBM-134 | Assays pending | |||||||||
PBM-135 | 903.00 | 903.50 | 0.50 | 0.38 | 2.50 | 0.54 | 6.97 | 0.76 | 2.97 | 3.22 |
PBM-136 | 1002.00 | 1006.00 | 4.00 | 2.97 | 0.53 | 0.06 | 2.00 | 0.16 | 2.92 | 0.65 |
PBM-137 | Assays pending | |||||||||
PBM-138 | 660.00 | 697.00 | 37.00 | 33.25 | 6.00 | 0.35 | 6.13 | 0.09 | 3.89 | 6.33 |
including | 671.00 | 672.99 | 1.00 | 0.90 | 18.81 | 1.11 | 19.43 | 0.58 | 4.36 | 19.96 |
including | 684.00 | 685.00 | 1.00 | 0.90 | 18.30 | 0.35 | 16.24 | 0.18 | 3.82 | 18.74 |
Notes: |
1. PBM-113-W3 collar is located at the following Universal Transverse Mercator (UTM) coordinates using the North American Datum of 1983 (NAD83) within UTM Zone 14N 331402m East and 6071286m North and 298.0m above sea level, and started at 300Az, -87 degree dip with the top of wedge set at depth 285m. PBM-132 collar is located at the following Universal Transverse Mercator (UTM) coordinates using the North American Datum of 1983 (NAD83) within UTM Zone 14N: 331378m East and 6071255m North and 295.0m above sea level, and started at 290Az, -85 degree dip. PBM-133 collar is located at the following Universal Transverse Mercator (UTM) coordinates using the North American Datum of 1983 (NAD83) within UTM Zone 14N: 331352m East and 6071213mNorth and 295.0m above sea level, and started at 315Az, -53 degree dip. PBM-135 collar is located at the following Universal Transverse Mercator (UTM) coordinates using the North American Datum of 1983 (NAD83) within UTM Zone 14N: 331378m East and 6071255mNorth and 295.0m above sea level, and started at 120Az, -82 degree dip. PBM-136 collar is located at the following Universal Transverse Mercator (UTM) coordinates using the North American Datum of 1983 (NAD83) within UTM Zone 14N: 331378m East and 6071255m North and 295.0m above sea level, and started at 295Az, -87 degree dip. PBM-138 collar is located at the following Universal Transverse Mercator (UTM) coordinates using the North American Datum of 1983 (NAD83) within UTM Zone 14N: 331378m East and 6071255m North and 295.0m above sea level, and started at 292Az, -80 degree dip. |
2. The size of the drill core is NQ. |
3.True Width calculations assumed the Rainbow Horizon to strike 032 degrees azimuth, with a 80 degree easterly dip. |
4. All CuEq (copper equivalent) assay results in this news release use the following pricing: US |
J.J. O'Donnell, P.Geo, a qualified person under National Instrument 43-101, has reviewed and approved the technical information in this news release.
Core Photo: PBM-128 37m of
Figure 1: Flin Flon Mining District Region Overview
Figure 2: Pine Bay Long Section Looking West with 2021 Drilling
Figure 3: Pine Bay Orange Zone Grade/Width Contour Long Section
Figure 4: Pine Bay Yellow Zone Grade/Width Contour Long Section
QA / QC Protocols
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 lab in Vancouver, BC for analysis. Samples were weighed then crushed to
About Callinex Mines Inc.
Callinex Mines Inc. (TSXV: CNX) (OTC: CLLXF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The portfolio is highlighted by the rapidly expanding Rainbow Discovery at its Pine Bay Project located near existing infrastructure in the Flin Flon Mining District. Additionally, Callinex has emerging near-surface silver discoveries at its Nash Creek Project located in the Bathurst Mining District of New Brunswick. A 2018 PEA on the Company's Bathurst projects outlined a mine plan that generates a strong economic return with a pre-tax IRR of
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.
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SOURCE Callinex Mines Inc.
