65m Step-Out A Success At Rainbow Discovery
Callinex Mines Inc. (TSXV: CNX) (OTC: CLLXF) has intersected high-grade copper results with gold, silver and zinc from the ongoing drilling campaign to expand the Rainbow Discovery at the 100% owned Pine Bay Project located in the Flin Flon Mining District of Manitoba.
The Rainbow Discovery has been made on Callinex’s mineral lease, less than 250m from a high-voltage power-line and 550m from a historic shaft with direct road access to processing facilities in Flin Flon.
Drill hole PBM-113-W1 intersected the following two high-grade intersections 65m above PBM-113 and 190m away (along strike and above) from discovery hole PBM-111 (Orange Zone Core Photo, Rainbow Discovery Long Section and Cross Section):
- Orange Zone returned: 5.00m of 10.63% copper equivalent (CuEq) comprising of 8.79% copper, 1.38 g/t gold, 24.02 g/t silver and 1.79% zinc; and
- Yellow Zone returned: 5.40m of 4.43% CuEq comprising of 3.22% copper, 0.61 g/t gold, 10.43 g/t silver and 1.84% zinc including 2.10m of 8.75% CuEq comprising of 6.96% copper, 1.11 g/t gold, 21.15 g/t silver and 2.23% zinc.
“The exceptional high-grade drill results announced to date make Rainbow a bonafide discovery within the Flin Flon Mining District,” Max Porterfield, President and CEO, stated.
“Our technical team has been credited with the discovery of three of the four largest mines ever discovered in the Flin Flon Greenstone Belt.
“Together, we believe the Rainbow Discovery has the potential to extend Flin Flon’s rich mining history and in turn benefit our shareholders.”
The previous step-out hole drilled into the Rainbow Discovery, PBM-113, intersected 5.00m of 8.35% copper equivalent (CuEq) (8.08% Cu, 0.20 g/t Au, 10.55 g/t Ag and 0.13% Zn) followed by 4.0m of 2.31% CuEq (2.21% Cu, 0.09 g/t Au, 2.28 g/t Ag and 0.04% Zn) and interval of 9.06m of 3.72% CuEq (2.37% Cu, 0.70 g/t Au, 7.00 g/t Ag and 2.10% Zn).
Currently, two rigs are drilling step-out holes as the company delineates the Rainbow Discovery. Drill hole PBM-115 is currently being drilled to test ~75m along strike to the north of PBM-113.
Additionally, a second wedge, PBM-113-W2, has been started off PBM-113 to intersect ~60M vertically above PBM-113-W1. The two drill rigs will continue to operate to delineate the Rainbow Discovery until mid-December for a brief holiday break and resume drilling in early January 2021.