Callinex Mines Inc. is pleased to announce that it has commenced its 2023 drilling campaign at its Pine Bay Project located 16km from Flin Flon, MB . Phase one of the fully funded campaign is budgeted for up to 10,000 meters of drilling that will focus on testing the Rainbow Deposit at depth as well as follow-up on the Alchemist discovery, the Odin target area and test other recently identified exploration targets . Two [...]
Callinex Mines Inc. is pleased to announce that it has closed the previously announced brokered private placement offering for gross proceeds of approximately $9.4 million, including the partial exercise of the over-allotment. The Offering was conducted by Research Capital Corporation as lead agent and sole bookrunner, on behalf of a syndicate of agents, including Beacon Securities Limited and Clarus Securities Inc. . Max [...]
Callinex Mines Inc. is pleased to announce that it is increasing the size of its previously announced brokered private placement offering for gross proceeds of up to $8,200,000 in securities of the Company. The Offering is being conducted by Research Capital Corporation to act as lead agent and sole bookrunner, on behalf of a syndicate of agents, including Beacon Securities Limited and Clarus Securities Inc. , on a [...]
Callinex Mines Inc. is pleased to announce that it has entered into an agreement with Research Capital Corporation to act as lead agent and sole bookrunner, on behalf of a syndicate of agents, including Beacon Securities Limited and Clarus Securities Inc. , on a best-efforts basis, for a private placement offering of an aggregate of up to $7,000,000 in securities of the Company in a combination consisting of: a) units of [...]
Highlights: Most notably, led the development and construction of several mines in the Flin Flon Greenstone Belt, including two of the largest, the 777 mine as well as the discovery and initial development of the Lalor mine; Instrumental in the development and transformation of HudBay into a substantial international mining company; and Will assist the Company in advancing Pine Bay and other Callinex projects through the [...]
Highlights: The Company has identified high priority exploration targets at depth on the Rainbow deposit where it remains open for expansion; Modeling of BPEM data at Alchemist indicates numerous anomalies for follow up drilling; High-grade gold and silver mineralization provides optimism at target area Odin; and Opportunity to build a high-grade copper/gold resource on the Cabin Horizon. Callinex Mines Inc. is pleased to [...]
Callinex Mines Inc. has been made aware of and has been requested by the OTC Markets Group Inc. to comment on recent trading and promotional activity related to the Company's common shares. On or about January 23, 2023, the OTC Markets made the Company aware that certain promotional emails were published by Wealth Global Group discussing the Company, its business and the base metal industry in general. The Company does [...]
Highlights: The Company has received all pending assay results related to 2022 drilling at the Rainbow deposit; Over 42,000m of drilling across 82 drill holes completed at the deposit area since discovery in 2020; Awaiting maiden NI 43-101 resource estimate on Rainbow deposit within the first 800m of surface and updated resource on historic Pine Bay deposit; and The Rainbow deposit remains open for expansion at depth [...]
Callinex Mines is pleased to provide its year-end letter to shareholders from President and CEO, Max Porterfield: Dear Shareholders, We are pleased to enter 2023 on the heels of another year of exciting results and key milestones to come. None of this would be possible without the continued support of our dedicated shareholders, stakeholders and employees that have funded, contributed and collaborated to meet our rapidly [...]
Highlights: PBM-177 intersected 33.67m of 4.29% copper, 0.22 g/t gold, 4.63g/t silver and 0.31% zinc including 10.47m of 5.90% copper, 14.43m of 5% copper and 7m of 6.38% copper; PBM-178 extends the Yellow zone with 7.40m of 7.06% copper and infills the Orange zone with 8.45m of 6.18% copper; PBM-175 intersected 16m of 2.85% copper, 0.24 g/t gold; and PBM-176 expands the Orange and Yellow zones with 3.50m of 2.99% copper [...]
Highlights: Last hole to intersect the discovery, ALC-114, returned 4.40m of 4.02% CuEq including 1.60% copper, 5.14% zinc, 0.40 g/t gold and 21.78 g/t silver; The Alchemist exhibits a minimum strike length of 140m and remains open for expansion in multiple directions; Alchemist is located at that the base of growth fault at Pine Bay and analogous to the giant 62 million ton Flin Flon deposit which sits at the base of the [...]
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 [...]
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