(Rainbow Deposit Core image via Callinex Mines Inc.)
Vancouver BC-based junior explorer
Callinex Mines Inc. (TSX-V: CNX, OTCQX: CLLXF, Forum) continues its drilling
campaign at the Rainbow deposit at its Pine Bay project in Manitoba’s Flin Flon district, where it had completed 11,323 metres out of a fully funded 30,000 metre drill program and continues to see impressive results.
CNX intersected 67.0 metres of 2.73% copper highlighted by 13.0 metres of 8.75% copper including 2.5 metres of 17.6% copper and 6.5 metres of 4.71% copper in one hole, and in another interested 20.53 metres of 3.21% copper equivalent consisting of 2.58% copper, 0.22 g/t gold, 6.63 g/t silver and 1.11% zinc.
Where CNX unearthed these deposits:
The Company’s portfolio is highlighted by the rapidly expanding Rainbow Discovery at its Pine Bay Project located near existing infrastructure in the Flin Flon Mining District. In late June, Callinex
reported these additional drill results from its ongoing drill program to expand its high-grade copper, gold, silver, and zinc Rainbow Deposit. In a mineral lease, the Rainbow is part of Callinex’s wholly owned Pine Bay project. The Rainbow Discovery is within 500m from a historic shaft and a high-voltage hydroelectric power line with direct road access to processing facilities in Flin Flon, MB.
Callinex’s Chief Executive Officer, Max Porterfield stated in a news release that these drill results represent the two widest intersections to date at the Rainbow Deposit.
“These wider intersections are typical of the pinching and swelling in Volcanogenic Massive Sulphide lenses as seen in the Orange and Yellow Zones. Drilling over the summer will continue to focus on building a high-grade copper resource at the Pine Bay Project.”
Callinex founder and Canadian Mining Hall of Famer Mike Muzylowski has discovered numerous mines in his career recently said, “I believe the Rainbow discovery could be one of the more significant discoveries I've been involved in during my career in the Flin Flon Greenstone Belt.”
Looking ahead:
Since the Company resumed drilling in mid-February, 19 holes (including two wedges) have been announced. Callinex will continue to provide results on an ongoing basis for the duration of the 2021 drilling campaign.
Utilizing modern technology that could completely redevelop the Flin Flon mining district, the Company continues to build its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. Additionally, Callinex has emerging near-surface silver discoveries at its Nash Creek Project located in the Bathurst Mining District of New Brunswick.
(Callinex Inc. stock chart – July 2020 to July 2021. Click to enlarge.)
As of this writing, Callinex Mines stock closed up 11% on the month, 75% year to date, and 29% since this time, last year.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.