Callinex Mines Inc. is pleased to announce that the Company has entered into an agreement with Clarus Securities Inc. as lead agent and bookrunner , on behalf of a syndicate of agents , in connection with a marketed best efforts private placement of up to approximately C$7.7 million . The Offering will consist of up to 500,000 hard dollar units at a price of C$4.00 per HD Unit for gross proceeds of up to C$2.0 million; up [...]
VANCOUVER, BC, Jan. 26, 2021 /CNW/ - Callinex Mines Inc. announces that it has filed a National Instrument 43-101 Technical Report dated January 18, 2021, prepared by Eugene Puritch, P. Eng., William Stone, P. Geo., and D. Grant Feasby, P. Eng., for its Point Leamington Property, Newfoundland, Canada. The Report can be publicly viewed on the System for Electronic Document Analysis and Retrieval at www.sedar.com. As a [...]
Highlights: Electromagnetic survey has uncovered four highly conductive anomalies along strike to the south of the Rainbow Discovery; The four untested anomalies each have a strike extent of 300m and start within 200m of surface; Plans are underway to immediately initiate a drilling campaign to test the four conductive bodies in tandem with continued drilling to define the Orange and Yellow zones; and Recent drill results [...]
Highlights: Seven areas have been identified from elevated silver, lead and zinc soil anomalies along the controlling Fault that's associated with the recently announced 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 kms to the south, intersected 19m of 36.53 g/t silver, 0.52% lead and 0.38% zinc; and A drilling campaign is being [...]
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 [...]
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