Highlights: New discovery called the "Descendent" contains four Cu-Zn-Au-Ag bearing mineralized lenses; Large geophysical target associated with intersection that projects along strike to the southwest for 400m and at depth for 850m; Abundance of Zn-Au-Ag indicates potential intersection at edge of a VMS system similar to Cu rich Rainbow deposit; Located within mineral lease and situated 550m, 1.4km and 2.9km from the [...]
Highlights: Filed NI 43-101 technical report to support the high-grade copper maiden mineral resource estimate for its Pine Bay Project; Completed 6,455m of drilling as part of the fully funded 2023 exploration campaign and awaits results; and Callinex receives a $500,000 grant from the Manitoba Mineral Development Fund to advance the discoveries at Pine Bay. Callinex Mines Inc. is pleased to announce that it has filed on [...]
VANCOUVER, BC, July 10, 2023 /CNW/ - Trading resumes in: Company: Callinex Mines Inc. TSX-Venture Symbol: CNX All Issues: Yes Resumption : 11:00 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and [...]
Highlights: Rainbow deposit Indicated Mineral Resource of 3.44 Mt at 3.59% CuEq and Inferred Mineral Resource of 1.28 Mt at 2.95% CuEq; Pine Bay deposit Inferred Mineral Resource of 1.0 Mt at 2.62% Cu; Fully funded 20,000m drilling is ongoing to explore in depth and to further define parallel deposit targets at the Project; and Table 1 and Table 2 below provide further information of the mineral resources estimate [...]
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 [...]