Callinex provides exploration update for Manitoba and New Brunswick

Highlights

• Samples from two new holes drilled to step-out from the recently announced Rainbow discovery in Manitoba are currently being rushed to the lab for assaying.
• A second drill rig is being mobilised to accelerate the expansion of the Rainbow discovery.
Soil sampling campaign to follow-up on two widely spaced silver discoveries in New Brunswick has been completed and awaiting results from the analytical lab.
• Once the soil samples are received and interpreted a drilling campaign will be planned in New Brunswick.

At the Pine Bay Project, two drill holes have been completed to follow up on the recently announced Rainbow discovery (the discovery) comprising of two high-grade copper, gold, silver and zinc lenses located 16 km away from processing facilities in Flin Flon, Manitoba. The Rainbow discovery hole, PBM-111, intersected 2.96 m of 3.09% copper, 0.75 g/t gold, 13.35 g/t silver, 1.88% zinc and a second interval of 4.31 m of 4.12% copper, 0.22 g/t gold, 2.21 g/t silver, 0.06% zinc. Drill hole PBM-112 intersected a semi-massive sulphide intersection 325 m vertically above PBM-111. Drill hole PBM-113 successfully intersected the centre of the highly conductive Borehole Pulse ElectroMagnetic (BPEM) Anomaly A, including two large sulfide intersections located 118 m and 123 m along strike to the north and 87 m and 66 m vertically, respectively above the two high-grade massive sulphide intersections in PBM-111. Samples from both drill holes are being cut and rushed to the lab to be assayed.

A second drill is being arranged to be mobilised before the end of October to accelerate the expansion of the Rainbow discovery. The drill rig currently on site will continue drilling to its planned end of hole depth and then immediately continue stepping out from the discovery. Step-out drilling will be aided by results from BPEM surveys being completed on PBM-112 and PBM-113. A BPEM survey has been completed on PBM-112 and the results are currently being interpreted. A BPEM survey will be completed on PBM-113 as soon as the hole reaches total depth. The Rainbow discovery has been made on Callinex’s mineral lease, less than 250 m from a high-voltage power-line and 550 m from a historic shaft with direct road access to processing facilities in Flin Flon.

In the Bathurst Mining District at the company’s Nash Creek Project, the soil sampling campaign has been completed and the company is awaiting results from the analytical lab. In total, 1200 samples were collected for analysis of base and precious metals. Soil samples were collected at 25 m spacing along section lines spaced 100 m intervals to cover the 11 km trend that encompasses the two recently announced silver discoveries located 6.8 km apart. Drill hole NC20-313 intersected 28.6 m of 57 g/t silver at a vertical depth of 120 m including 16.5 m of 94 g/t silver and NC19-306 which intersected 19 m of 36.53 g/t silver, 0.52% lead and 0.38% zinc at a starting depth of 34.0 m.

Once the soil sampling results are received and analysed by the technical team, they will be announced to the market. The soil sampling campaign will assist the company in vectoring towards additional high grade near surface mineralisation along the controlling fault structure associated with the silver mineralisation discovered in drill holes NC20-313 and NC19-306. A follow-up drilling campaign will be planned to step-out from both silver intercepts as well as test any anomalous areas of interest identified by the soil sampling campaign.

Limited historic regional silver, lead and zinc soil sampling has been completed by previous explorers at the Nash Creek Project. This historic data along with the newly acquired induced polarisation survey results were utilised to target the two recently announced silver discoveries.

Read the article online at: https://www.globalminingreview.com/exploration-development/14102020/callinex-provides-exploration-update-for-manitoba-and-new-brunswick/