Canadian Mining Journal

News

ZINC: Callinex finds 11+metres of 3.9% ZnEq at Nash Creek



NEW BRUNSWICK – Vancouver-based Callinex Mines has released the results of its recently completed drilling campaign at its Nash Creek zinc project 20 km west of Belledune.

The drilling was done to expand the deposit laterally and along strike to the north. Hole NC17-263 intersected 11.8 metres of 3.9% zinc equivalent, expanding the deposit to the east. Hole NC17-278 cut three separate near surface zones, including 10.0 metres of 3.6% ZnEq and 9.0 metres of 3.3% ZnEq. The northernmost hole of the program, NC17-280, intersected 4.1 metres of 4.6% ZnEq.

Callinex recently raised $1.5 million by issuing flow-through shares. The company will continue to drill Nash Creek along strike in both directions, as only 2 km of a 3-km-long zinc-lead soil anomaly that hosts the deposit has been tested.

Callinex plans to complete a 43-101 resource estimate in March. Watch for it at www.Callinex.ca.