Callinex Provides Exploration Update on IP Surveys

VANCOUVER, Feb. 11, 2019 /PRNewswire/ – Callinex Mines Inc. (the “Company” or “Callinex”) (TSXV:CNX) (OTC:CLLXF) is pleased to announce that it has a commenced a deep penetrating induced polarization (“IP”) survey at the Company’s 100% owned Pine Bay Project (the “Project”) located in the Flin Flon Mining District of Manitoba, Canada (See Figures 1 and 2). The IP survey will be completed by Abitibi Geophysics using their proprietary OreVision IP system, which can reveal targets at four times the depth of conventional IP. The objective of the survey is to detect pyrite-rich mineralization that may host high-grade copper and zinc up to depths of 580m along three favorable volcanogenic massive sulphide (“VMS”) horizons that host the Pine Bay, Cabin and Baker Patton deposits.

In late-2016 the Company discovered a high-grade zone over 10.3m that assayed 6.0% Zn, 1.8 g/t Au, 60.4 g/t Ag, 0.7% Cu and 0.4% Pb by extending a Placer Dome Inc. drill hole by 38 meters (See News Release dated October 18, 2016). Notably, Placer Dome Inc. completed a borehole electromagnetic survey, which did not provide any geophysical indications of this high-grade zone. Additional drilling by Callinex also intersected several intersections of pyrite-rich mineralization that was unable to be detected with conventional electromagnetic methods.

Nash Creek IP Survey

To date, approximately 156 line km out of a planned 190 …

Full story available on Benzinga.com

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