Callinex Mines (TSXV: CNX; OTC: CLLXF) has up to date the useful resource at its 100%-owned Level Leamington gold-copper-zinc venture within the Buchans mining camp of Newfoundland.
The pit-constrained indicated useful resource is now 5 million tonnes grading 0.09 gram gold per tonne, 12.2 grams silver per tonne, 0.54% copper, 0.01% lead, and 1.39% zinc. The class incorporates 2.5 million gold-equivalent ounces.
The inferred portion of the useful resource, each in-pit and out, is 15.4 million tonnes grading 0.9 gram gold per tonne, 15.3 grams silver per tonne, 0.36% copper, 0.03% lead, and 1.85% lead (2.3 million oz. gold equal).
A 2004 exploration marketing campaign expanded a high-grade zinc-gold zone, intersecting 4.7 metres grading 14.05% zinc, 4.37 grams gold per tonne, 57.88 grams silver per tonne, and 0.36% copper in gap PL04-077. Gap PL04-056 intersected 4.5 metres grading 2.27 grams gold per tonne, 8.84% zinc, 81.66 grams silver per tonne, and 0.61% copper. The holes have been 150 metres aside.
Callinex bought the Level Leamington venture from Slam Exploration in 2016. At the moment, the property had a historic inferred useful resource of 14.1 million tonnes grading 1.9% zinc, 0.42% copper, 1.07 grams gold per tonne, and 17.1 grams silver per tonne.
The corporate has now decided that the deposit begins at floor and extends a minimum of 350 metres vertically.