New Phase Drilling On Calumet-Sud Project In State Of New York

MONTREAL - Sphinx Resources Ltd. and its partner SOQUEM reported the start of a new diamond drilling program comprising of 10 holes totaling approximately 500 m on the Calumet-Sud zinc project in New York. 

This campaign follows the discovery of new and extensive zinc mineralization on surface as part of a stripping program on the Sonny and Sonny West zones of the Project. The program aims to identify the continuation of the mineralization outside the stripped area and to investigate mineralization under the surface exposures. The discovery area is located 2 km from the historic New Calumet Mines Limited zinc-lead-silver-gold mine, which produced 3.8 million tonnes of ore at a grade of 5.8% Zn, 1.6% Pb, 65 g/t Ag et 0.4 g/t Au from 1944 to 1968.

The Project is part of the larger Ziac zinc district. This emerging zinc play is a 40-km long northwest trending corridor defined by zinc and lead-bearing dolomitic marbles typical of the Balmat-Edwards-Pierrepont zinc district, located in the state of New York. The drilling program will be carried out by Forage M3 Drilling de Brownsburg-Chatam. The program is managed by Sphinx under the supervision of Normand Champigny and under the field direction of Michel Gauthier, Ph.D., both qualified persons under National Instrument 43-101.