Mining Report: Callinex sees new Pine Bay result, public comment time for Lynn Lake gold project

Executives at Callinex believe the company has found something interesting at a mine project east of Flin Flon.

The company announced what it has termed the “Rainbow” discovery at their Pine Bay project, describing it as “two high-grade copper, gold, silver and zinc lenses”. The discovery sits within a mineral lease belonging to Callinex, within a kilometre of a previous mine shaft site and high-voltage power lines.

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Callinex said in a media release that the drill hole that first discovered Rainbow intersected 2.96 metres of 3.09 per cent copper, .75 grams per tonne of gold, 13.35 grams per tonne of silver and 1.88 per cent zinc, along with a second interval of 4.31 metres of 4.12 per cent copper, .22 grams per tonne gold, 2.21 grams per tonne of silver and .06 per cent zinc. A borehole pulse electromagnetic survey was also done on the site.

After seeing the results from the site, Callinex announced another drill would be deployed nearby to test what it describes as a “highly conductive off-hole anomaly” north of the first drill site.

Callinex president and CEO Max Porterfield said he believes the findings are a good sign of the project’s potential.

“The two high-grade copper, gold, silver and zinc lenses discovered, coupled with subsequent borehole survey results, suggest we are at the early stages of a substantial discovery in Manitoba,” said Porterfield.

“The community of Flin Flon has been through a storm with a great deal of uncertainty about its future with the impending shutdown of the 777 mine. We believe the Rainbow discovery has the potential to provide a bright future for Flin Flon and our shareholders.”

Pine Bay is located near the north end of Lake Athapapuskow and Thompson Lake, almost due east of Flin Flon.

 

Alamos Gold

A federal environmental assessment is underway for a proposed gold mine near Lynn Lake.

The Impact Assessment Agency of Canada (IAAC) announced the assessment and an invitation for public comments August 26, the third such assessment ongoing with the Lynn Lake project. Previous assessments took place in 2017, with an initial environmental impact statement released last May.

Toronto-based mining company Alamos Gold is proposing to build and operate an open-pit gold mine east of Lynn Lake at a pair of sites, labelled as MacLellan and Gordon. The mine is made up of five surface deposits and will include infrastructure including open pits, access roads, an on-site ore milling and processing plant, tailings facility and ore stockpile and mine rock storage facilities if built.

Alamos is forecasting a 10 year mine life at the site with an annual average production of 143,000 ounces of gold.

“The Environmental Impact Study (EIS) was submitted in May 2020 to satisfy federal and provincial environmental assessment requirements. The permitting process is expected to take approximately two years followed by two years of construction,” reads a description of the project on Alamos’ website.

A pair of open houses were held Sept. 10 and 15 via conference call. More information can be found and comments on the project can be submitted at the IAAC website at iaac-aeic.gc.ca until Oct. 10.

 

Searchlight

A junior miner is taking steps to explore more land near Flin Flon, boosting its mineral rights holdings in a recent provincial claim reopening.

The company staked 25 total claims near Flin Flon in northern Saskatchewan, covering over 180 square kilometres. This claim brings the company up to between 310 and 320 square kilometres in the Flin Flon area, most of which is located northwest and southwest of the community.

Searchlight’s land purchases are lumped into three main zones - the Flin Flon North zone, the Annabel Lake Shear Zone located along Highway 106 and the Bootleg Lake zone south of Creighton near Highway 167. The company’s newest stakes include their entire position in the Annabel Lake zone and a significant increase in the Flin Flon North area.

Searchlight president and CEO Stephen Wallace said the company sees mineral potential in its newest land finds, comparing it to similar property in the Red Lake and Abitibi greenstone belts in northern Ontario and Quebec.

“From my experience in the Red Lake and Abitibi greenstone belts, I see striking geological similarities to the Flin Flon greenstone belt with a fraction of the past exploration,” Wallace said.

“This provides real opportunities for Searchlight, as it would be impossible for a junior exploration company to have our land position in the Abitibi or Red Lake greenstone belts.”

Searchlight operates nine different projects in northern Saskatchewan, including four within an hour’s drive of Flin Flon.

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