Callinex Mines Inc. is pleased to announce the closing of its previously announced option agreement with Voyageur Mineral Explorers Corp. whereby the Company has optioned a 100% interest in the Alberts Lake Project, Manitoba . Under the terms of the option agreement, Callinex will acquire a 100% interest in the Alberts Lake Project by making the following share issuances to Voyageur: $75,000 of common shares on the date [...]
Callinex Mines Inc. is pleased to announce the closing of its previously announced non-brokered private placement of $2,094,409 , which represents an oversubscription of $594,409 of the originally announced financing . The Financing consists of 753,412 hard dollar units at a price of C$1.25 per HD Unit for gross proceeds of up to C$941,765; and 543,700 Manitoba flow-through units at a price of C$2.12 per FT Unit for gross [...]
Callinex Mines Inc. pleased to announce a non-brokered private placement of up to $1.5 million . The Offering will be used to fund a drilling campaign at the Company's 100% owned Pine Bay Project to expand the Descendent discovery and test other high-priority target areas . The Offering will consist of up to 400,000 hard dollar units at a price of C$1.25 per HD Unit for gross proceeds of up to C$500,000; and up to 471,698 [...]
Highlights: Callinex has received a $250,000 grant from the Manitoba Mineral Development Fund to advance the Pine Bay Project; Proceeds from grant will fund various long lead items to support permitting and future mine development; Company has received over $1m in grants from MMDF to advance high-grade copper discoveries at Pine Bay since 2020; and MMDF is aimed to jump-start mineral and economic development initiatives [...]
Highlights: Widely spaced step-out planned to test Descendent deposit down the plunge to vector towards high-grade copper VMS mineralization; MT geophysical survey data supports exploration thesis Descendent sits at the hinge of a fold nose indicating the potential of a wider lens of mineralization; New target areas, Poseidon and Ra, outline the potential to host near surface discoveries along strike from existing Rainbow [...]
Highlights: Acquired and staked ground consolidates the largest felsic volcanic rock package in the Flin Flon Greenstone Belt, the host rock for the majority of the historic copper/gold/zinc/silver VMS mines in the Flin Flon and Snow Lake regions; Newly acquired ground hosts one gold deposit and a relatively recently interpreted growth fault corridor known to control and host at least two historic near-surface copper-rich [...]
Highlights: MT results provide support that Descendent deposit continues at depth; A second very strong resistivity low anomaly starting 350m below surface interpreted to reveal large target areas along VMS horizons that host the Rainbow and Pine Bay VMS deposits; Conductive borehole pulse electromagnetic anomalies further strengthens target areas identified by MT survey; and MT survey data from the Pine Bay and Odin [...]
Highlights: Initial results have tight correlation with known Pine Bay deposit and structure; Preliminary survey has identified a large target at depth on the Pine Bay horizon which could potentially represent the fold limb of the Descendent; MT survey is currently being expanded with longer survey lines over the Pine Bay, Descendent and Alchemist deposits and target area Odin; and Survey being completed to provide [...]
Highlights: MT survey planned to cover the Rainbow, Pine Bay, Descendent and Alchemist deposits and target area Odin; Survey being completed to provide additional information about the depth, location and potential of the deposits at the Project; and Survey will add to Callinex's robust geophysical data set and further aid exploration as the Company focuses on expanding its numerous high-grade discoveries. Callinex Mines[...]
Highlights: New drill hole DSC-112-W1 is a 125m step-out from Descendent discovery hole DSC-111; DSC-112-W1 intersects multiple Cu-Zn-Au-Ag zones including 7.00m of 1.71% CuEq and 9.0m of 0.65% CuEq; Grades intersected at Descendent are comparable to grades intersected at the top of the nearby Rainbow deposit; Recent intersection confirms a previously identified large geophysical target that projects along strike to the [...]
Callinex Mines is pleased to provide its year-end letter to shareholders from President and CEO, Max Porterfield: Dear Shareholders, I'm writing to you today with greater enthusiasm and conviction than ever before as our team defines our remarkable portfolio of base and precious metals rich deposits and advances extraordinary new mineral discoveries. The milestones achieved last year solidified several years of [...]
Highlights: New drill hole DSC-112 is a 200m step-out from Descendent discovery; The Descendent contains four Cu-Zn-Au-Ag bearing mineralized lenses; and Large geophysical target associated with intersections that projects along strike to the northeast for 340m and at depth for 840m. Callinex Mines Inc. is pleased to announce that the Company has commenced immediate step-out drilling to define the new high-grade copper [...]
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