Callinex Mines Inc announced three exploration target areas at the Company's 100% owned Pine Bay Project, located 16km away from processing facilities in the Flin Flon Mining District of Manitoba. The Company has outlined a number of high-priority targets from the regional OreVision® Induced Polarization survey by Abitibi Geophysics and Surface Pulse Electromagnetic survey by Koop Geotechnical that covers 5.5km of the trend that hosts the Rainbow and Sourdough deposits and past producing Centennial Mine further to the south The high-grade Rainbow Deposit was discovered by drill testing targets derived from Abitibi Geophysics OreVision® IP chargeability isoshells located within favourable geology and subsequently vectoring to the copper, zinc, gold and silver bearing volcanogenic massive sulphides utilizing a Borehole Pulse Electromagnetic survey ("BPEM") down the drill hole.Target Area 1 - Rainbow South - Target Area 1 was highlighted for drilling based on a large 250m by 650m, moderately strong chargeability isoshell (>25 mV/V) that may be associated with a pyritic footwall alteration envelope as at the nearby Rainbow. The northern edge of the IP chargeability high is also semi-coincident with a SPEM anomaly that was targeted for testing by drill hole PBM-120. Drill hole PBM-120 intersected highly prospective, strongly sericitized felsic volcanics starting at its 1,149 metre mark and which are immediately along strike to the south from similarly altered volcanics hosting Rainbow. A subsequent BPEM survey was conducted but was unsuccessful due to the overwhelming masking effects of a near-surface formational conductor intersected early in the hole. The Company will attempt a new BPEM survey with a modified loop layout in the near future prior to drill testing.Target Area 2 - Sourdough North - Target Area 2 is targeting a 750m long by 150m wide, locally very strong IP chargeability isoshell (>50mV/V) coincident with two newly identified SPEM anomalies modeled from surveys completed in 2021. Drill hole SDB-007, a shallow 294.5m hole drilled immediately to the south, intersected coarse heterolithic debris flows dominated by large felsic volcanic clasts along with the occasional sphalerite-pyrite-chalcopyrite clasts. A subsequent BPEM survey was conducted and identified an off-hole anomaly to the north that is coincident to the newly identified IP chargeability and SPEM anomalies. Target Area 3 - Sourdough Down Plunge - Target Area 3 is targeting the down plunge extension of the historic Sourdough deposit, which a previous operator prepared a historic resource estimate of 291,150 tons at 1.46% copper ("Cu"), 1.71% zinc ("Zn"), 1.03 g/t gold ("Au") and 29.8 g/t silver ("Ag")*. The recently completed IP survey revealed the top of a chargeability isoshell that coincides with the two deepest and most recent intersections in the Sourdough deposit, SDB-001 and SDB-004. Drill hole SDB-004 intersected 4.85m of 1.70% copper equivalent ("CuEq") consisting of 1.04% Cu, 0.6 g/t Au, 8.47 g/t Ag and 0.45% Zn including 0.65m of 3.81% CuEq (2.11% Cu, 1.09 g/t Au, 21.60 g/t Ag and 2.01% Zn).A subsequent BPEM survey completed on SDB-004 modeled a plate that is 200m wide by 575m deep and suggests the deposit continues at depth. Based on the recent near surface intercepts at the Rainbow the Company believes there is strong potential for the grades of the Sourdough deposit to improve at depth. The Company is developing a 2022 exploration program for these high priority targets and targets soon to be outlined along the interpreted growth fault corridor that hosts Rainbow and five other deposits, three of which have seen some level of historic production.
Callinex Mines Inc announced three exploration target areas at the Company's 100% owned Pine Bay Project, located 16km away from processing facilities in the Flin Flon Mining District of Manitoba. The Company has outlined a number of high-priority targets from the regional OreVision® Induced Polarization survey by Abitibi Geophysics and Surface Pulse Electromagnetic survey by Koop Geotechnical that covers 5.5km of the trend that hosts the Rainbow and Sourdough deposits and past producing Centennial Mine further to the south The high-grade Rainbow Deposit was discovered by drill testing targets derived from Abitibi Geophysics OreVision® IP chargeability isoshells located within favourable geology and subsequently vectoring to the copper, zinc, gold and silver bearing volcanogenic massive sulphides utilizing a Borehole Pulse Electromagnetic survey ("BPEM") down the drill hole.Target Area 1 - Rainbow South - Target Area 1 was highlighted for drilling based on a large 250m by 650m, moderately strong chargeability isoshell (>25 mV/V) that may be associated with a pyritic footwall alteration envelope as at the nearby Rainbow. The northern edge of the IP chargeability high is also semi-coincident with a SPEM anomaly that was targeted for testing by drill hole PBM-120. Drill hole PBM-120 intersected highly prospective, strongly sericitized felsic volcanics starting at its 1,149 metre mark and which are immediately along strike to the south from similarly altered volcanics hosting Rainbow. A subsequent BPEM survey was conducted but was unsuccessful due to the overwhelming masking effects of a near-surface formational conductor intersected early in the hole. The Company will attempt a new BPEM survey with a modified loop layout in the near future prior to drill testing.Target Area 2 - Sourdough North - Target Area 2 is targeting a 750m long by 150m wide, locally very strong IP chargeability isoshell (>50mV/V) coincident with two newly identified SPEM anomalies modeled from surveys completed in 2021. Drill hole SDB-007, a shallow 294.5m hole drilled immediately to the south, intersected coarse heterolithic debris flows dominated by large felsic volcanic clasts along with the occasional sphalerite-pyrite-chalcopyrite clasts. A subsequent BPEM survey was conducted and identified an off-hole anomaly to the north that is coincident to the newly identified IP chargeability and SPEM anomalies. Target Area 3 - Sourdough Down Plunge - Target Area 3 is targeting the down plunge extension of the historic Sourdough deposit, which a previous operator prepared a historic resource estimate of 291,150 tons at 1.46% copper ("Cu"), 1.71% zinc ("Zn"), 1.03 g/t gold ("Au") and 29.8 g/t silver ("Ag")*. The recently completed IP survey revealed the top of a chargeability isoshell that coincides with the two deepest and most recent intersections in the Sourdough deposit, SDB-001 and SDB-004. Drill hole SDB-004 intersected 4.85m of 1.70% copper equivalent ("CuEq") consisting of 1.04% Cu, 0.6 g/t Au, 8.47 g/t Ag and 0.45% Zn including 0.65m of 3.81% CuEq (2.11% Cu, 1.09 g/t Au, 21.60 g/t Ag and 2.01% Zn).A subsequent BPEM survey completed on SDB-004 modeled a plate that is 200m wide by 575m deep and suggests the deposit continues at depth. Based on the recent near surface intercepts at the Rainbow the Company believes there is strong potential for the grades of the Sourdough deposit to improve at depth. The Company is developing a 2022 exploration program for these high priority targets and targets soon to be outlined along the interpreted growth fault corridor that hosts Rainbow and five other deposits, three of which have seen some level of historic production.