Continues New Brunswick Drilling Success
Callinex Mines Inc. (TSXV: CNX) (OTC: CLLXF) has discovered a new silver zone in its 18 drill hole drilling campaign at its 100% owned Nash Creek Project in the Bathurst Mining District of New Brunswick.
The campaign totalled 3,347m of drilling to test 18 targets at the Nash Creek Project and an additional 733m of drilling to test two targets at the Superjack Project.
President and CEO, Max Porterfield, said the new silver zone was discovered 9.6 km along strike from the Nash Creek deposit. Drill hole NC19-306 intersected 19m of 36.53 g/t Ag, 0.52% Pb and 0.38% Zn at a starting depth of 34.0m including 3m of 130 g/t Ag, 0.98% Pb and 0.16% Zn.
Additionally, drill holes NC19-309, NC19-310 and NC19-311 intersected near surface zinc and lead mineralization across a 1.1 km trend in the Central Zone area
“We are excited by the initial results from the recently completed drilling campaign in New Brunswick,” Mr Porterfield said.
“The near surface silver discovery highlights the prospectivity of the Nash Creek Project and requires immediate follow-up to drill test the extent of the mineralisation.
“The Central Zone area warrants further drilling due to the results from three widely spaced holes over a 1.1km trend.
“Each of these drill holes intersected zinc and lead mineralization within 100m of surface and above the cut-off grade outlined in the Preliminary Economic Assessment (PEA) published in 2018.”
Drill hole NC19-306 tested an Induced Polarization (IP) resistivity low anomaly in the southern portion of the Project and collared into a mineralized rhyolite flow/breccia.
The silver zone discovered in NC19-306 occurs with pyrite, galena and sphalerite sulphides that are found in fractures and within the matrix of the brecciated sections.
Three drill holes, NC19-309, NC19-310 and NC19-311, all intersected zinc and lead mineralization east of the Nash Creek deposit associated with an IP chargeability and resistivity anomaly described as the Central Zone.
These three widely spaced drill holes, which span 1.1 km, intersected geology and alteration that mimics a mineralized sequence that makes up the Nash Creek deposit, which is located 1.3km to the west. Results from these three holes, along with the extent of the chargeability and resistivity anomalies, suggests the Central Zone may host a significant mineralised lense(s) and follow-up drilling to further delineate this zone is required. Based on these results, a subsequent review of the 2009 airborne VTEM survey has highlighted a linear conductive anomaly (channel 15) along trend 4 km to the south of the Central Zone that warrants follow-up work. Additionally, the company drill tested a number of targets in the southern portion of the Project, which intersected favourable geology of felsic and mafic volcanic sequences with associated sediments. Of interest is drill hole NC19-307 which intersected chloritic altered felsic volcanics with anomalous copper values that have not previously been encountered to date. Callinex will re-evaluate this area to determine whether further work is required.