Drilling to the North EastA second step-out drill hole, PBM-018, will commence when one of the drill rigs becomes available. PBM-018 will be located approximately 115m along strike to the northeast of hole PBM-017 and is designed to intersect the Cabin VMS Horizon at a similar depth.
In addition to the planned step-out drilling campaign, Callinex will also extend PBM-010, a drill hole recently completed by Callinex and located approximately 300m along strike to the northeast and 400m above the new discovery. This is one of the only holes drilled deeper than 315m near and/or along the Cabin VMS Horizon to the northeast of the new VMS discovery. PBM-010 encountered four separate copper intersections down to an approximate hole depth of 370m (See news release dated April 25, 2016). The intervals, which are interpreted as stringer-type mineralization, were spatially associated with semi-massive sulphides (primarily pyrite) and frequently with narrow black chlorite veins that collectively represent immediate footwall rocks to the Cabin VMS Horizon. This hole further indicates that a favorable VMS environment occurs to the northeast of the new discovery where very few deep holes have been completed.