Callinex Mines Reports Promising Exploration at Pine Bay
Exploring New Horizons: Callinex Mines' Latest Discoveries
Callinex Mines Inc. (TSXV: CNX) recently shared exciting updates from its exploration activities at the Pine Bay Camp, located in the Flin Flon Mining District. The drilling program has uncovered significant mineralization, particularly at the new Blueberry target area.
Key Highlights from the Recent Drilling Campaign
The exploration included a total drilling effort of 3,284 meters across several target zones, which were strategically chosen for their potential based on previous geological assessments.
Drill Hole BLU-111: A Significant Find
One of the most noteworthy results came from drill hole BLU-111, which was intended to explore the shallowly situated Blueberry target area. This hole intersected bands of red-brown sphalerite mineralization, indicating possible proximity to a volcanogenic massive sulphide (VMS) deposit rich in copper, gold, zinc, and silver.
Continued Focus on Blueberry
With the positive signs from BLU-111, Callinex management emphasized a commitment to follow-up drilling at Blueberry. The surrounding newly expanded land package has opened up additional potential high-priority target areas.
Encouraging Results at Descendent Target
The Descendent target has shown positive attributes as well. Drill hole DSC-113 involved a considerable 536-meter step out, successfully intersecting high-grade mineralization, including copper, zinc, and silver. A notable segment of the drill hole returned impressive grades of copper equivalent, further substantiating the area's prospective value.
Poseidon Target Unveils Conductivity Anomaly
Drilling at the Poseidon target has also yielded promising results, identifying a conductive anomaly that corresponds to mineralized intersections, associated with the Rainbow horizon.
Engaging Automation for Market Making
To support its stock market activities, Callinex has engaged ICP Securities Inc. for automated market-making services, ensuring liquidity and stability in trading as they progress with exploration plans.
Unveiling the Potential of the Pine Bay Camp
Callinex continues to advance its portfolio and mineral assets with a robust exploration strategy that includes a focus on the Rainbow deposit and the newly targeted Blueberry area. The potential high-grade deposits provide an encouraging outlook for the company's future operations.
Frequently Asked Questions
What are the key findings from drill hole BLU-111?
Drill hole BLU-111 intersected stringers and bands of red-brown sphalerite mineralization that could point to VMS deposits rich in copper, gold, zinc, and silver.
What is Callinex Mines' strategy moving forward?
The company plans to conduct additional follow-up drilling at Blueberry and explore new target areas identified in the expanded land package.
What other targets have shown promising results?
The Descendent and Poseidon targets have both revealed significant mineralization, with Descendent showing high-grade copper equivalent readings.
How is Callinex managing liquidity in its trading?
Callinex has engaged the services of ICP Securities Inc. for automated market-making to ensure stability and liquidity of its shares.
Where is the Pine Bay Camp located?
Pine Bay Camp is situated in the Flin Flon Mining District, known for its rich mineral deposits and existing infrastructure that supports mining activities.
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