Discovers 28.6m Of 57 g/t Silver In Second New Brunswick Hole
Callinex Mining Inc. (TSXV: CNX) (OTC: CLLXF) has received further exciting results from the remaining 12 holes completed during the 2019-2020 drilling campaign at its 100% owned Nash Creek and Superjack projects located within the Bathurst Mining District of New Brunswick.
The campaign encompassed 4,080m of drilling to test 18 regional targets at the Nash Creek Project (the “Project”) and two targets at the Superjack Project.
President and CEO, Max Porterfield, said the results are highlighted by drill hole NC20-313 which intersected 28.6m of 57 g/t Ag at a starting depth of 163.0m (vertical depth of 120m) including 16.5m of 94 g/t Ag.
“Nash Creek is quickly emerging as a potential district scale silver discovery as shown through results announced from our recently completed regional exploration campaign.” Mr. Porterfield said.
“The only two drill holes to test the 11km trend, which are located 6.8km apart, each intersected near surface silver mineralisation that has the potential to be amenable to open pit mining. We are excited by these results and are eager to expand upon these discoveries as soon as possible.”
Drill hole NC20-313 is only the second hole to intersect the 11km trend to the south of the Nash Creek deposit. The drill hole was designed to test a Induced Polarization (IP) low resistivity anomaly which is interpreted to be on the same trend as the Nash Creek deposit located 2.8 kms to the North
Mr Porterfield said there is a strong correlation between the low resistivity anomaly and the 18km long Black Point Arleau Brook Fault, which appears to control the recently discovered silver mineralidation.
NC20-313 is located 6.8 kms along strike to the north of drill hole NC19-306 which intersected 19m of 36.53 g/t Ag, 0.52% Pb and 0.38% Zn at a starting depth of 34.0m including 3m of 130 g/t Ag, 0.98% Pb and 0.16% Zn.
The Nash Creek Deposit consists of three shallow, near-horizontal sulphide-rich lenses, which have been defined over 2.1 km of strike and hosted in an altered felsic-mafic volcanic sequence. All but 59 of the 354 holes drilled to delineate the Hickey and Hayes zones that make up the known Nash Creek deposit were drilled vertically. The high silver values intersected in NC20-313 and NC19-306 are unprecedented to date at the Nash Creek Project. Notably, of the 11,228 samples taken on the property, only six samples returned silver values greater than 150 g/t. The Company believes that this creates an exceptional opportunity to strengthen the silver component of the existing resource within and near the Nash Creek deposit.
