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zinc-investing

Callinex Announces Significant Expansion to the Nash Creek Zinc Deposit and Plans to Complete PEA in Q1 2018

Priscila Barrera
Sep. 05, 2017 09:10AM PST
Base Metals Investing

Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce results from 14 drill holes, including ten that confirm the extension of the Nash Creek Deposit (the “Deposit”) approximately 500m to the north at the Company’s 100% owned Nash Creek Project located within the Bathurst Mining District of New Brunswick (See Figures 1 and …

Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce results from 14 drill holes, including ten that confirm the extension of the Nash Creek Deposit (the “Deposit”) approximately 500m to the north at the Company’s 100% owned Nash Creek Project located within the Bathurst Mining District of New Brunswick (See Figures 1 and 2). Results announced to date from Callinex’s initial drilling campaign has successfully increased the strike length of the Deposit by approximately 35% as indicated by a total of 13 drill holes that all intersected significant mineralization (See Table 1 and Figures 3). The Deposit is open for expansion laterally to the north of drill hole NC-241 that intersected 10.6m grading 4.3% zinc equivalent (“Zn Eq.”)  (See Table 1 and Figure 3).
As quoted in the press release:

Max Porterfield, President and CEO, stated “We are looking forward to aggressively delineating additional zinc-rich mineralization in the Bathurst Mining District, particularly in advance of an upcoming PEA that will evaluate the economic potential of these deposits. The Nash Creek and Superjack zinc projects, which are directly connected by highway with access to power, represent a unique opportunity to build shareholder value considering their size, location and exploration potential.”

Click here for the full text release

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