Callinex Mines (CNX.V) has announced an acquisition of 36 square kilometers of land which were staked towards the south of the Nash Creek deposit. According to the company, these newly acquired claims have the potential to host zinc-rich VMS deposits over a total strike length of 20 kilometers, of which just 10% has been thoroughly explored.
The newly acquired claims are located just one kilometer south of provincial highway 1, and is very close to Callinex’ ‘main’ Nash Creek project where it has recently discovered more zinc mineralization just 350 meters away from the main Nash Creek deposit. Previous operators have already completed several exploration programs on the new land package, which resulted in the discovery of the Big Hole Brook prospect, McNeil Prospect and the Gulch Falls prospect. Previous exploration programs have detected zinc on all three prospects, and now it’s up to Callinex Mines to follow up on these historical results to define a NI43-101 compliant resource estimate.
Callinex is working on several fronts now, as the company has also started its summer drill program in Manitoba, where it plans to complete approximately 6,000 meters of drilling this summer. A substantial part of the drill program will focus on the Cabin VMS Horizon where the company previously discovered high-grade mineralization resulting in an anticipated strike length of approximately 180 meters. Callinex will now go back to that specific zone and punch a few more holes in a 300 by 600 meter exploration ‘corridor’.
The company will also start drilling on the newly acquired Big Island project where the Tara Lake deposit will be this year’s main focus as historical drilling in the 80’s discovered high-grade VMS mineralization with high-grade zinc, gold, silver and copper values.