leadf
logo-loader
viewConporec Inc

Callinex Mines makes high grade discovery in Manitoba

The discovery hole, PBM-008, intersected 3.3m of 3.2% copper and 5.9m of 2.2% zinc.

shutterstock_252126178.jpg
The discovery, Pine Bay East, is 450m east of the historic Pine Bay deposit

Callinex Mines Inc (CVE:CNX OTCQX:CLLXF) has confirmed a high-grade copper and zinc rich VMS discovery at its Pine Bay Project in Manitoba.

The hole PBM-008, intersected 3.3m of 3.2% copper and 5.9m of 2.2% zinc.

The discovery, Pine Bay East, is 450m east of the historic Pine Bay deposit and mine shaft and open along strike in both directions and at depth.

Callinex plans to conduct additional drilling over an approximate 200m strike length during the current winter.

Max Porterfield, chief executive, said it was an exciting discovery within one of the one of the largest past-producing Volcanogenic Massive Sulphide (VMS) camps in the world.

“With the additional planned drilling we have the potential to identify high grade copper and zinc mineralization along a strike length that is consistent with historic mines in the camp." he added.

Pine Bay East zone is on the margins of the Baker Patton Felsic Complex, one of the largest and most highly altered package of felsic volcanic rocks within the Flin Flon Greenstone Belt.

This type of structure has previously given rise to huge finds in the area, including Flin Flon and Chisel Basin VMS deposits.

Quick facts: Conporec Inc

Price: 2.51 CAD

TSX-V:CNX
Market: TSX-V
Market Cap: $26.76 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Water Tower Research President talks Energy and how Capstone Turbine is key...

Water Tower Research Co-Founder and President Shawn Severson joined Steve Darling from Proactive to share some insight about the Energy sector and how it is being viewed by users. Severson also told Proactive about Capstone Turbine and some things investors need to watch for from the company...

51 minutes ago

2 min read