Multiple High Profile Targets Identified
Callinex Mines Inc. (TSXV: CNX) (OTC: CLLXF) has identified multiple highly conductive anomalies off-hole from sulphide stringers that include copper, zinc, gold and silver mineralisation through its 2019/2020 drilling campaign at its Pine Bay Project in Manitoba.
The campaign encompassed 5,906m of diamond drilling at the Project to test eight target areas that have the potential to host high-grade zinc, copper, gold and silver-rich Volcanogenic Massive Sulphide (VMS) deposits.
Max Porterfield, President and CEO of Callinex, said the target areas were generated from a recently completed Induced Polarization (IP) and magnetic survey completed along favourable geologic trends. Subsequent borehole pulse electromagnetic surveys (BPEM) completed as part of the vectoring process identified highly conductive anomalies off-hole from sulphide stringers that include copper, zinc, gold and silver mineralisation.
Mr Porterfield said these anomalies are interpreted to occur within the Centennial mine horizon, which hosts the past producing Centennial Mine and the Sourdough VMS deposit located 7.5 km and 4 km to the south
“We are eager to drill test the newly identified BPEM anomalies as soon as possible. We are optimistic, based on the geologic location, size and conductivity, that these anomalies have the potential to represent Flin Flon’s next discovery.
“The introduction of Induced Polarization to our exploration toolset and reinterpretation of historic data has proven to be exceptionally valuable as our team vectors towards a discovery.
“Electromagnetics is the best geophysical tool for directly vectoring to high-grade base and precious metals rich massive sulphide mineralization in the Flin Flon Greenstone Belt.”
Callinex’s Pine Bay Project encompasses the majority of the Baker Patton Complex, the largest exposed felsic (rhyolitic) volcanic accumulation in the Flin Flon portion of the Flin Flon-Snow Lake Greenstone Belt.
This is especially important since the majority of the VMS deposits occurring within the Flin Flon Belt of Saskatchewan and Manitoba are almost always hosted by rhyolitic flows and volcaniclastic rocks within predominantly mafic terranes.
Of additional importance is that these felsic (rhyolitic) rocks only account for a small portion of the total volcanic pile (5-10%). Of particular exploration interest to Callinex’s Pine Bay Project, is the very large exposure of intensely altered (chloritic, sericitic and silicic alteration) felsic rocks that have collectively been called the Baker Patton Alteration Zone, encompassing an area with a minimum of a 700m by 1000m footprint.
A very large footwall alteration system such as this would normally be expected to be accompanied by a large VMS system and has consequently been the target of many exploration companies preceding Callinex.
Using all of this historic work and applying new search techniques may improve the potential for Callinex to make a discovery. As an example, recently confirmed by 3D geophysical inversions performed on ground magnetic data covering the Baker Patton Alteration Zone, a very large directly coincident 3D magnetic low anomaly shows up over the Baker Patton Alteration Zone. Similar magnetic lows (likely the result of demagnetisation within strongly and extensively silica-flooded deep footwall alteration zones) coincident with IP chargeability highs are therefore excellent new VMS targets in the BPC. For these reasons and more, the dominantly felsic, approximately 50km², BPC is believed to represent one of the largest and most favourable felsic volcanic centers and relatively underexplored VMS target areas remaining in the Flin Flon Greenstone Belt.