Callinex Mines (TSXV: CNX; US-OTC: CLLXF) is preparing to follow up on two silver discoveries made at its Nash Creek project last year in the Bathurst mining district of New Brunswick.
Personnel and a drill rig are being mobilized to commence an up to 4,000-metre drilling campaign to drill test 10 km of the 18 km Black Point Arleau Brook fault, the company announced today.
This drill program will focus on as many as seven new drill targets identified during the 2020 soil sampling campaign at the Nash Creek project.
The target areas were identified from elevated silver, lead and zinc soil anomalies covering the southern portion of the controlling fault, which is associated with Callinex's previous silver discoveries.
In June 2020, the company announced two silver discoveries located 6.8 km apart along the Black Point Arleau Brook fault. One drill hole intersected 28.6m of 57 grams silver per tonne at a vertical depth of 120 metres, including 16.5 metres of 94 grams silver per tonne; the other intersected 19 metres of 36.53 grams silver, 0.52% lead and 0.38% zinc at a starting depth of 34 metres.
The area of interest for the upcoming drill program will be divided into two main target areas, each containing 5 km of the sample area where one of the discoveries was located.
"We are excited to commence drilling at the Nash Creek project as we focus on expanding upon the two silver discoveries made last year," Callinex president and CEO Max Porterfield stated in a news release.
"The focus of this drilling campaign is to test for silver mineralization along the 10 km trend. If successful, this would put the company on a path to begin building a near-surface silver resource at Nash Creek and with it the potential to further improve upon the maiden preliminary economic assessment that was published on the Bathurst portfolio in 2018," .
Meanwhile, Callinex continues to drill its flagship Pine Bay project in the Flin Flon mining district of Manitoba, which hosts the high-grade copper, gold, silver and zinc Rainbow deposit.