Announcement Date: 2022-09-19
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Callinex Mines Inc.
Project name: Flin Flon
Location: Canada
Commodities: Gold,Silver,Copper,Zinc
Highlight: Drilling results incl. 33.67m at 4.29% Cu, 0.22g/t Au, 4.63g/t Ag, 0.31% Zn from 636.33m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, BC, Sept. 19, 2022 /CNW/ – Callinex Mines Inc. (the “Company” or “Callinex”) (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce initial results from of the fully funded 2022 exploration campaign to expand and delineate the high-grade copper, gold, silver and zinc Rainbow deposit (the “Rainbow”) and test new target areas. The Rainbow is located at the 100% owned Pine Bay Project within a mineral lease, less than 250m from a high-voltage hydroelectric powerline, 550m from a historic shaft with direct road access to processing facilities in Flin Flon, Manitoba and 1.4km from the newly discovered Alchemist deposit ( Pine Bay Project Plan View) (See news release dated September 7, 2022). Delineation drilling at Rainbow continues to impress with PBM-177 which intersected the Orange zone and returned 33.67m of 4.29% copper (“Cu”), 0.22 g/t gold (“Au”), 4.63 g/t silver (“Ag”), 0.31% zinc (“Zn”) or 4.60% copper equivalent (“CuEq”) including 10.47m of 5.90% Cu, 14.43m of 5% Cu and 7m of 6.38% Cu ( Rainbow Deposit Long Section). PBM-178-W1 expanded the Yellow zone with a step-out vertically above PBM-113-W2, which intersected 11.00m of 2.43% Cu, 0.24 g/t Au, 5.00 g/t Ag and 0.89 % Zn. or 2.98% CuEq which was followed by the Orange zone which returned 11.65m of 2.44% Cu, 0.22 g/t Au, 4.36 g/t Ag and 0.36% Zn or 2.76% CuEq. Max Porterfield, President and CEO, stated, “Drill results outlined today continue to deliver some of the widest intervals and highest copper grades intersected at the Rainbow Deposit to date. We are incredibly pleased with the success of our step out drill holes to date, which has expanded the Rainbow Deposit in multiple areas.”
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