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Sphinx Begins Drilling on the Calumet-Sud Zinc Project
Mar. 14, 2017 08:49AM PST
Base Metals Investing
Sphinx Resources (“Sphinx” or the “Corporation”) (TSXV:SFX) is pleased to announce the beginning of an 11-hole drilling program totalling 800 m on the Calumet-Sud project (the “Project”). The program is designed to test coincident ground geophysical and geochemical anomalies combined with surface mineralization identified in surface channel samples (press release of February 22, 2017). As …
Sphinx Resources (“Sphinx” or the “Corporation”) (TSXV:SFX) is pleased to announce the beginning of an 11-hole drilling program totalling 800 m on the Calumet-Sud project (the “Project”). The program is designed to test coincident ground geophysical and geochemical anomalies combined with surface mineralization identified in surface channel samples (press release of February 22, 2017).
As quoted in the press release:
The Project, held 100% by Sphinx and currently under option by its partner SOQUEM (press release of May 31, 2016), consists of 21 claims (12 km2) and is located in the MRC Pontiac (southwestern Quebec). SOQUEM is the operator and funds the program. To the north, the Project is adjacent to the former New Calumet mine that produced 3.8 million tonnes at 5.8% Zn, 1.6% Pb, 65 g/t Ag and 0.4 g/t Au from 1943 to 1968.
The Project is adjacent to the Green Palladium project consisting of 87 claims (49 km2) held 100% by Sphinx, which includes also a significant surface area of potentially zinc-bearing rocks.
