Callinex Mines Inc. is pleased to provide its year-end letter to shareholders from President and CEO, Max Porterfield: Dear Shareholders, The past year has brought a great deal of uncertainty and challenges to many of us and our team would like to extend our sincere gratitude and appreciation for your continued support. Though behind us now, 2020 was filled with an abundance of discoveries across our exploration portfolio [...]
Callinex Mines Inc. announces that its officers, directors and key personnel have exercised 176,666 stock options for total proceeds of $256,333. Of $256,333 proceeds received, a total of $198,000 related to options with an exercise price of $3.30 per share. By exercising stock options with an above market strike price, management and directors are demonstrating their firm belief in the intrinsic value across the [...]
Highlights: PBM-113-W1 intersected the Orange Zone with 5.00m of 10.63% copper equivalent comprising of 8.79% copper, 1.38 g/t gold, 24.02 g/t silver and 1.79% zinc; PBM-113-W1 intersected Yellow Zone with 5.40m of 4.43% CuEq comprising of 3.22% copper, 0.61 g/t gold, 10.43 g/t silver and 1.84% zinc; PBM-113-W1 intersected the Rainbow Horizon 65m vertically above PBM-113; and PBM-113-W2 is currently being drilled to [...]
Highlights: Callinex has received a $300,000 grant from the Manitoba Mineral Development Fund to advance the recently announced Rainbow Discovery; The MMDF is aimed to jump-start mineral and economic development initiatives that capitalize on existing infrastructure; and The Rainbow Discovery is within a mineral lease, less than 250m from a high-voltage powerline and 550m from a historic shaft with direct road access to [...]
Highlights: PBM-113 intersected 5.00m of 8.35% copper equivalent comprising of 8.08% copper, 0.20 g/t gold, 10.55 g/t silver and 0.13% zinc; PBM-113 intersected a second interval of 4.0m of 2.31% CuEq comprising of 2.21% copper, 0.09 g/t gold, 2.28 g/t silver and 0.04% zinc; PBM-113 intersected a third interval of 9.06m of 3.72% CuEq comprising of 2.37% copper, 0.70 g/t gold, 7.00 g/t silver and 2.10% zinc; Interpretation [...]
Highlights: Samples from two new holes drilled to step-out from the recently announced Rainbow discovery in Manitoba are currently being rushed to the lab for assaying; A second drill rig is being mobilized to accelerate the expansion of the Rainbow discovery; Soil sampling campaign to follow-up on two widely spaced silver discoveries in New Brunswick has been completed and awaiting results from the analytical lab; and [...]
Callinex Mines Inc. announces that it has granted 375,000 stock options to its directors, officers, employees and consultants. The options are exercisable at $3.50 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 [...]
Highlights: Drill hole PBM-111 intersected 3.09% copper, 0.75 g/t gold, 13.35 g/t silver, 1.88% zinc over 2.96m and a second interval that returned 4.12% copper, 0.22 g/t gold, 2.21 g/t silver, 0.06% zinc over 4.31m; Subsequent borehole EM results suggest an abrupt thickening and possible merging of the two base and precious metals rich massive sulphide lenses immediately to the north; and A drill has been mobilized to [...]
Highlights: Numerous conductive targets identified along the 6.8 km trend between Callinex's discovery holes NC20-313 and NC19-306; Two recent silver discoveries: drill hole NC20-313 intersected 28.6m of 57 g/t silver including 16.5m of 94 g/t silver and NC19-306 intersected 19m of 36.53 g/t silver, 0.52% lead and 0.38% zinc; and Highlights the Company's multidisciplinary exploration approach to discover additional silver [...]
Highlights: The Company has acquired the remaining 2 km of the 18 km Black Point Arleau Brook Fault; The Fault is spatially associated with two previously announced silver discoveries located 6.8 km apart along that same fault trend; and Two recent silver discoveries: drill hole NC20-313 intersected 28.6m of 57 g/t silver including 16.5m of 94 g/t silver and NC19-306 intersected 19m of 36.53 g/t silver, 0.52% lead and [...]
Highlights: Work underway to complete soil sampling campaign along 18 km fault to identify anomalous silver, zinc, lead and copper between two recently announced near surface silver discoveries; 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 km to the south, intersected 19m of 36.53 g/t silver, 0.52% lead and 0.38% zinc; and A robust drilling campaign to [...]
Highlights: 2020 Flin Flon drilling campaign underway to drill test two targets, totaling up to 1,500m at the Pine Bay Project; Drilling to follow up on recently identified highly conductive borehole electromagnetic anomalies off-hole from sulphide stringers that include copper, zinc, gold and silver mineralization; and These anomalies are interpreted to occur within the same mine horizon that hosts the Sourdough VMS [...]
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