Callinex Mines has discovered the Alchemist deposit which is a new high grade copper, zinc, gold and silver bearing Volcanic Massive Sulphide deposit at their Pine Bay Project 16 kilometers away from Flin Flon. The Alchemist sits at the base of the interpreted growth fault corridor that hosts six other deposits including the emerging high grade copper, gold, silver and zinc Rainbow deposit 1420 meters to the east.
President Max Porterfield comments it’s noteworthy that to date each deposit discovered along the growth fault corridor at Pine Bay is significantly larger than the one that precedes it in proximity to Millrock Mountain. He says similarly the Flin Flon deposit sits in proximity to Millrock Hill a well known outcropping at the base of the growth fault that also hosts the Callinan and Triple Seven deposits in Flin Flon.
The last hole to intersect the discovery returned 4.40 meters of 4.20 percent copper equivalent including 1.60 percent copper, 5.14 percent zinc, 0.40 grams per tonne gold and 21.78 grams per tonne silver.