Callinex Commences Drilling Campaign in the Flin Flon Mining District of Manitoba
Highlights
- Campaign is anticipated to consist of two drill holes totaling approximately 1,200m in the Flin Flon Mining District to efficiently test two targets with significant potential upside;
- Drilling at the Big Island Project will test a high-priority 450m by 675m geophysical target located down-plunge from the high-grade Tara Lake Deposit; and
- The Company will test its Hook Lake Target, a target that has been identified by multiple electromagnetic surveys located near HudBay's 777 Mine and Mill.
VANCOUVER, March 6, 2018 /CNW/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that it has commenced its 2018 winter drilling campaign (the "Campaign") at the Big Island and Flin Flon Projects within the Flin Flon Mining District of Manitoba (See Figure 1). The Campaign is anticipated to consist of two drill holes totaling approximately 1,200m in the Flin Flon Mining District to efficiently test two targets with significant potential upside.
Drilling at the Big Island Project will test a high-priority borehole pulse electromagnetic ("BPEM") target that spans 450m by 675m located down-plunge from the Tara Lake Deposit, one of the highest-grade zinc-rich VMS discoveries ever made within the Flin Flon Mining District (See Figures 1 and 2).The large BPEM target at the Big Island Project is highly conductive and also has a magnetic association that suggests the target is likely caused by massive sulphides.
Additionally, the Company will test its Hook Lake Target at its Flin Flon Project, a target that has been identified by multiple electromagnetic surveys located near HudBay's 777 Mine and Mill in Flin Flon, MB. The target lies along a boundary between claims owned 100% by Callinex and claims that have been optioned.
JJ O'Donnell, P.Geo, a qualified person under National Instrument 43-101 and a Consulting Geologist for Callinex, has reviewed and approved the technical information in this news release.
Figure 1: Overview of the Flin Flon Area Properties
Figure 2: Longitudinal Section of the Tara Lake Deposit
About Callinex Mines Inc.
Callinex Mines Inc. (TSX-V: CNX ; OTCQX: CLLXF) is advancing its portfolio of zinc rich deposits located in established Canadian mining jurisdictions. The portfolio is highlighted by its Nash Creek and Superjack deposits in the Bathurst Mining District of New Brunswick. Callinex is exploring these projects in support of an updated resource estimate and maiden PEA planned for Q2 2018.
Additionally, Callinex is also exploring its projects in the Flin Flon Mining District of Manitoba which notably includes its Pine Bay and Big Island Projects. These projects are located within 25 km to an operating processing facility that requires additional ore within four years.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete the proposed drill program and the timing and amount of expenditures. Except as required under applicable securities laws, Callinex does not assume the obligation to update any forward-looking statement.
SOURCE Callinex Mines Inc.
For further information: Callinex Mines Inc., Max Porterfield, President and Chief Executive Officer, Phone: (604) 605-0885, E-mail: [email protected]
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