- CNX has recently completed 21 drill holes from ongoing 2022 drilling campaign at Pine Bay Project
- Company anticipates another 9 holes will be completed on the Rainbow deposit before the end of campaign
- re-sampling of the historic core from the Pine Bay deposit is underway in preparation for an updated NI 43-101
- Callinex has drilled 8 holes to test EM geophysical targets at Rainbow
- Callinex Mines Inc. (CNX) is up 2.67 per cent in early trading, at C$1.54 as of 9:44 am EDT.
Callinex Mines (CNX) has completed 21 drill holes during the 2022 drilling campaign at its Pine Bay Project in Manitoba.
(See district overview map below).
The 21 holes drilled to date have completed 12,950 meters of the fully funded 20,000 meter drilling campaign with a focus on delineating the high-grade copper Rainbow Deposit and test recently identified regional exploration targets.
One drill rig has completed 11 drill holes as the Company completes step out and infill drilling on the Red, Orange, and Yellow zones of the Rainbow Deposit (Rainbow Deposit Long Section).
The Company anticipates another nine holes will be completed on the Rainbow before the end of this campaign and ahead of the publication of a maiden NI 43-101 resource estimate on the deposit.
Additionally, re-sampling of the historic core from the Pine Bay deposit is underway in preparation for an updated NI 43-101 resource estimate that is planned.
Rainbow and Pine Bay are located on Callinex’s mineral lease, less than 250 metres from a high-voltage power-line and 550 metres from a historic shaft with direct road access to processing facilities in Flin Flon, MB.
A second rig has begun testing three of the five high-priority exploration targets that were recently identified.
(See project plan view below).
The company has drilled eight holes to test electromagnetic (EM) geophysical targets identified at the base of the interpreted growth fault that hosts Rainbow and five other deposits, three of which have seen some level of historic production.
Callinex Mines Inc. is advancing its portfolio of base and precious metals-rich deposits located in established Canadian mining jurisdictions. The focus of the portfolio is highlighted by the rapidly expanding Rainbow Discovery at its rich VMS Pine Bay Project located near existing infrastructure in the Flin Flon Mining District.
Callinex Mines Inc. (CNX) is up 2.67 per cent in early trading, at C$1.54 as of 9:44 am EDT.