For investors whose focus has been primarily on silver mining stocks, gold stocks and other precious metals, there’s more and more evidence to support diversifying a portfolio with zinc stocks. The growing global demand for zinc coupled with the closing of several major mines and evidence that existing mines will be unable to meet demand for zinc in the near-term are all good reasons to look more closely at zinc juniors like Callinex.
Callinex has a portfolio of zinc assets that are located in prominent Canadian mining jurisdictions, a proven technical team and cash to fund upcoming drilling campaigns. An added highlight is that the stock also gives exposure to other precious metals, including silver.
When you’re investing in a zinc stock, a silver stock or any other, exposure to secondary metals is typically a positive. With any junior, whether it’s a zinc, gold or silver mining company, the discovery of additional base or precious metals can add further value to your investment. For Callinex, projects like Nash Creek in the Bathurst Mining District in New Brunswick, and Pt. Leamington in Newfoundland have indicated the existence of not only zinc but silver and other metals.
Metallurgical tests at the zinc-lead-silver deposit, the Nash Creek Project, indicate recoveries that include 91% Zn and 31% Ag, with the potential to produce a zinc concentrate with a grading of up to 64% Zn and 126 g/t Ag.
Among other metals, the Pt Leamington VMS deposit is estimated to possess 7,755,000 ounces of silver July 4, 2013 Technical Report by Tetra Tech Inc.
The only known VMS deposit in the area, the Nash Creek Project has road and power access, and is ideally situated just 25 Km to the Glencore Belledune lead/silver smelter. From here, there is also access to Glencore’s Canadian zinc smelting and refining operation via railway. In just the southern portion of the property, mineral occurrences include 3.5% Zn, 2.5% Pb and 1,500 g/t Ag.
In September of 2017, Callinex embarked on a drilling program to test their theory that previous drilling may have intersected mineralization that was, at the time, unidentified as a result of inadequate sampling. The first 19 samples taken from drill hole NC17-245 intersected 5.8% Zn Eq (4.6% Zn, 0.7% Pb and 23.1 g/t Ag) at 18.7m (News Release, September 12, 2017).
Previous to Callinex taking a 100% interest in Mining Lease 136 for Pt Leamington, the last time drilling programs were in place on the property was 2004. A technical report and resource estimate by Tetra Tech in July of 2013 estimated that the 14.1 Mt Inferred mineral resource included 6.2% Zinc Eq, 17.12 g/t silver, as well as 1.07 g/t gold and 0.42% copper.
If you would like more information on any of our projects, or want to learn more about how the Callinex stock gives you exposure to silver and other secondary metals, please contact investor relations.