Highlights: Pit-Constrained Indicated Mineral Resource Estimate of 5.0 Mt grading 2.49 g/t AuEq and Inferred Mineral Resource Estimate of 13.7 Mt grading 2.24 g/t AuEq; Out-of-Pit Inferred Mineral Resource Estimate of 1.7 Mt grading 3.06 g/t AuEq; and The last exploration drilling campaign expanded a high-grade zinc-gold zone which intersected 4.67m of 15.05% Zn, 4.37 g/t Au, 57.88 g/t Ag and 0.36% Cu. [...]
Callinex Mines Inc. is pleased to announce additional drill results from the ongoing 30,000m drilling 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, MB [...]
Callinex Mines Inc. is pleased to announce additional drill results from the ongoing 30,000m drilling 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 F...
Highlights: 4,000m drilling campaign to test seven target areas identified from elevated silver, lead and zinc soil anomalies along the controlling Fault that's associated with the previously announced silver discoveries; and Drill hole NC20-313 intersected 28.6m of 57 g/t silver including 16.5m of 94 g/t silver and NC19-306, located 6.8 kms to the south, intersected 19m of 36.53 g/t silver, 0.52% lead and 0.38% zinc [...]
Highlights: PBM-129-W1 intersected 4.87m of 14.94% copper including 2.76m of 21% copper and 3m of 2.26% copper; PBM-129 intersected 5.50m of 8.45% copper including 2.50m of 15.88% copper and 3.35m of 3.02% copper, 0.44 g/t gold, 8.79 g/t silver and 1.01% zinc; and PBM-128 intersected 5.20m of 3.88% CuEq consisting of 2.71% copper, 0.63 g/t gold, 12.41 g/t silver and 1.63% zinc. Callinex Mines Inc. is pleased to announce [...]
Highlights: PBM-118 intersected 7.77m of 5.55% copper equivalent comprising of 3.30% copper, 0.72 g/t gold, 7.48 g/t silver and 4.42% zinc; PBM-121 intersected 7.55m of 5.01% CuEq consisting of 4.13% copper, 0.64 g/t gold, 11.08 g/t silver and 0.90% zinc; Intersection in PBM-121 is located 405m below surface and a 257m step-out above the most recent high-grade intersection announced at the Rainbow Deposit; and Surface IP [...]
Callinex Mines Inc. announces that it has granted 160,000 stock options to its directors, officers and consultants. The options are exercisable at $5.00 per share, subject to certain vesting requirements and expire five years from the date of grant. About Callinex Mines Inc. Callinex Mines Inc. is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The [...]
Callinex Mines Inc. is pleased to announce that the Company has closed its oversubscribed private placement financing by raising a total of $8,888,888 . Under the Offering, the Company issued 625,002 hard dollar units at a price of C$4.00 per HD Unit for gross proceeds of C$2,500,008; 125,000 New Brunswick flow-through units at a price of $5.52 per NB FT Unit for gross proceeds of $690,000; and 890,450 Manitoba [...]
Highlights: Drilling to test recently identified highly conductive anomalies along strike to the south of the Rainbow Discovery; The four untested anomalies each have a strike extent of 300m and start within 200m of surface; and Drilling also focused on continuing to define the Orange and Yellow zones of the Rainbow Deposit. Callinex Mines Inc. is pleased to announce that it has commenced its 2021 drilling campaign at its [...]
Callinex Mines Inc. is pleased to announce that the Company has entered into an agreement with Clarus Securities Inc. as lead agent and bookrunner , on behalf of a syndicate of agents , in connection with a marketed best efforts private placement of up to approximately C$7.7 million . The Offering will consist of up to 500,000 hard dollar units at a price of C$4.00 per HD Unit for gross proceeds of up to C$2.0 million; up [...]
VANCOUVER, BC, Jan. 26, 2021 /CNW/ - Callinex Mines Inc. announces that it has filed a National Instrument 43-101 Technical Report dated January 18, 2021, prepared by Eugene Puritch, P. Eng., William Stone, P. Geo., and D. Grant Feasby, P. Eng., for its Point Leamington Property, Newfoundland, Canada. The Report can be publicly viewed on the System for Electronic Document Analysis and Retrieval at www.sedar.com. As a [...]
Highlights: Electromagnetic survey has uncovered four highly conductive anomalies along strike to the south of the Rainbow Discovery; The four untested anomalies each have a strike extent of 300m and start within 200m of surface; Plans are underway to immediately initiate a drilling campaign to test the four conductive bodies in tandem with continued drilling to define the Orange and Yellow zones; and Recent drill results [...]
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