Highlights: One drill rig has completed 11 holes to define the Rainbow in anticipation of a NI 43-101 resource estimate on the deposit; A second rig has begun to test three of the five previously announced target areas; and Assays pending on all holes from the current drill campaign. Callinex Mines Inc. is pleased to announce that it has completed 21 drill holes during the ongoing 2022 drilling campaign at its Pine Bay [...]
Highlights: One drill rig will focus on continuing to define the Rainbow in anticipation of a 43-101 resource estimate on the deposit; and A second rig will test geophysical targets identified at the base of the interpreted growth fault that hosts Rainbow and five other deposits and along the trend that also hosts the Sourdough deposit and past-producing Centennial Mine. Callinex Mines Inc. is pleased to announce that it [...]
Callinex Mines Inc. is pleased to announce that it has closed its fully subscribed non-brokered private placement for gross proceeds of C$6.24 million . The Offering will be used to fund the ongoing drill campaign at the Rainbow Deposit, Pine Bay, Manitoba. Max Porterfield, President and CEO stated, "The Company is now fully funded and focused on the continued expansion and publication of a 43-101 resource estimate on the [...]
Callinex Mines Inc. is pleased to announce that, due to strong demand, it has increased the size of its previously announced non-brokered private placement from C$4.22 million to C$6.24 million . The Offering will be used to fund the ongoing drill campaign at the Rainbow Deposit, Pine Bay, Manitoba. The Offering will now consist of up to 453,446 hard dollar units at a price of C$3.11 per HD Unit for gross proceeds of up [...]
Callinex Mines pleased to announce a non-brokered private placement of up to $4.22 million. The Offering will be used to fund the ongoing drill campaign at the Rainbow Deposit, Manitoba. The Offering will consist of up to 321,544 hard dollar units at a price of C$3.11 per HD Unit for gross proceeds of up to C$1 million; and up to 644,000 Manitoba flow-through units at a price of C$5.00 per FT Unit for gross proceeds of up [...]
Highlights: Exploration along base of interpreted growth fault has intersected millrock and discovered a new copper, zinc, gold and silver bearing VMS horizon; Drill hole PBM-166 intersected 1.5m of massive sulphides with elevated copper, zinc, gold and silver; A Borehole EM survey completed in PBM-166 identified a highly conductive 130m by 400m anomaly; Geology where the anomaly is located is indicative of a possible [...]
Callinex Mines Inc. is pleased to announce results from an additional drilling from the 2021 exploration campaign to expand the high-grade copper, gold, silver and zinc Rainbow Deposit. The Rainbow is located at the 100% owned Pine Bay Project within a mineral lease, less than 250m from a high-voltage hydroelectric power-line and 550m from a historic shaft with direct road access to processing facilities in Flin Flon [...]
Highlights: Three high-priority targets identified by modern Induced Polarization and Surface Pulse Electromagic Surveys; Callinex previously utilized these modern IP and SPEM surveys to locate the high-grade Rainbow deposit; and The 5.5km trend currently hosts the high-grade Rainbow deposit, Sourdough deposit and past-producing Centennial Mine. Callinex Mines Inc. is pleased to announce three exploration target areas at [...]
Highlights: Rainbow open at depth with deepest intercept at Rainbow to date, a 225m step-out from previous deepest hole ; Subsequent borehole EM survey supports the extension of Rainbow at depth; and Multiple near surface copper-gold-zinc assays at the newly discovered Red Zone. Callinex Mines Inc. is pleased to announce results from an additional 13 drill holes encompassing 5,490m of drilling from the 2021 exploration [...]
Callinex Mines Inc. is pleased to announce the initiation of trading on the OTCQX. The OTCQX Best Market provides value and convenience to U.S. investors, brokers and institutions seeking to trade Callinex shares under the ticker symbol CLLXF. The OTCQX Best Market is OTC Markets Group's premier market for established, investor-focused U.S. and international companies. To be eligible, companies must meet high financial [...]
Callinex Mines is pleased to provide its year-end letter to shareholders from President and CEO, Max Porterfield: Dear Shareholders, What a difference a year makes! We enter the New Year on the heels of the most successful year in the Company's history. We'd like to extend our sincere gratitude to our shareholders, stakeholders and employees that made it possible for Callinex to complete nearly 40,000m of drilling across [...]
Highlights: 37 drill holes totalling over 17,000m of drilling at the Pine Bay Project are pending results from the assay laboratory; This year 64 holes have been drilled totalling 34,250m which focused on expanding the Rainbow Deposit to the surface and test exploration targets; and 12 holes encompassing 3,320m of drilling at the Nash Creek Project in New Brunswick are pending assay results from the laboratory. [...]