This drilling marketing campaign will give attention to as many as seven new drill targets recognized through the 2020 soil sampling marketing campaign on the Nash Creek venture.
The goal areas have been recognized from elevated silver, lead and zinc soil anomalies overlaying the southern portion of the controlling fault, which is related to Callinex’s earlier silver discoveries.
In June 2020, the corporate introduced two silver discoveries positioned 6.8 km aside alongside the Black Level Arleau Brook fault. One drill gap intersected 28.6m of 57 g/t Ag at a vertical depth of 120m together with 16.5m of 94 g/t Ag; the opposite intersected 19m of 36.53 g/t Ag, 0.52% Pb and 0.38% Zn at a beginning depth of 34m.
Thus, the world of curiosity for the upcoming drill program might be subdivided into two fundamental goal areas, every containing 5 km of the pattern space the place one of many discoveries was positioned.
“We’re excited to begin drilling on the Nash Creek venture as we give attention to increasing upon the 2 silver discoveries made final yr,” Callinex president and CEO Max Porterfield said in a information launch.
“The main target of this drilling marketing campaign is to check for silver mineralization alongside the ten km development. If profitable, this may put the corporate on a path to start constructing a near-surface silver useful resource at Nash Creek and with it the potential to additional enhance upon the maiden preliminary financial evaluation (PEA) that was revealed on the Bathurst portfolio in 2018,” he added.
In the meantime, Callinex is constant drilling at its flagship Pine Bay venture within the Flin Flon mining district of Manitoba, which hosts the high-grade copper, gold, silver and zinc Rainbow deposit that’s being expanded.
Shares of Callinex Mines surged 12.8% by 11:45 a.m. Toronto time following the newest announcement. The Canadian base and treasured metals miner has a market capitalization of C$45.7 million.