Intersects 37m @ 6% Copper In Flin Flon Mining District
Callinex Mines Inc. (TSXV: CNX) (OTC: CLLXF) has additional quality drill results from the ongoing 30,000m drilling campaign to expand the high-grade copper, gold, silver and zinc Rainbow Deposit in Manitoba.
The Rainbow is located at the 100% owned Pine Bay Project within a mineral lease, less than 250m from a high-voltage hydroelectric power-line and 550m from a historic shaft with direct road access to processing facilities in Flin Flon, MB.
Hole PBM-138 intersected the Orange Zone and returned 37.0m of 6.00% copper (Cu), 0.35 g/t gold (Au), 6.13 g/t silver (Ag), 0.09% zinc (Zn) or 6.33% copper equivalent (“CuEq”) including two high-grade one metre intervals which returned over 18% Cu.
PBM-138 is located 210m vertically above and along strike to the north of PBM-129-W2 which intersected 67.0m of 2.73% Cu and a 34m step-out from PBM-131 which intersected 20.53m of 2.58% Cu (Orange Zone Grade/Width Contour Long Section).
“We continue to be impressed with assay results coming out of the Rainbow as Callinex expands the high-grade copper deposit,” CEO Max Porterfield said.
“The company recently mobilised 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 2.62% CuEq over 7.71m (1.70% Cu, 0.52 g/t Au, 8.25 g/t Ag and 1.29% Zn) including 3.21m of 3.48% Cu, 0.70 g/t Au, 12.18 g/t Ag and 0.98% Zn
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 Ccmpany commenced its 2021 exploration campaign, 27 holes (including five 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.
For further information please visit: https://callinex.ca/