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 [...]
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 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 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, 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 to C$1,410,217 [...]
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 [...]
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