Callinex Mines Inc. Receives $150,000 Grant and Additional Exploration Permits for Point Leamington Project, Newfoundland
Callinex Mines (OTCQX:CLLXF) has secured a $150,000 grant from Newfoundland's Junior Exploration Assistance Program and received additional exploration permits for its Point Leamington Project. The permits, approved within two weeks of submission, will support the company's 2025 exploration campaign.
The Point Leamington Project hosts a significant VMS deposit with resources including a pit-constrained Indicated Mineral Resource of 5.0 Mt grading 2.5 g/t AuEq (402 koz AuEq) and an Inferred Resource of 13.7 Mt grading 2.24 g/t AuEq (986.5 koz AuEq). The project is strategically located 37km from Grand Falls-Windsor and 20km from the provincial power grid.
The new permits expand approved activities to include prospecting, geologic mapping, and geochemical rock sampling, supporting the company's efforts to expand its resource base and explore new targets along strike from the deposit.
Callinex Mines (OTCQX:CLLXF) ha ottenuto una concessione di 150.000 dollari dal Junior Exploration Assistance Program di Terranova e ha ricevuto ulteriori permessi di esplorazione per il suo Progetto Point Leamington. I permessi, approvati entro due settimane dalla presentazione, sosterranno la campagna di esplorazione dell'azienda prevista per il 2025.
Il Progetto Point Leamington ospita un importante giacimento VMS con risorse che includono una Risorsa Minerale Indicata vincolata a cava di 5,0 Mt con una gradazione di 2,5 g/t AuEq (402 mila once AuEq) e una Risorsa Inerente di 13,7 Mt con una gradazione di 2,24 g/t AuEq (986,5 mila once AuEq). Il progetto è strategicamente posizionato a 37 km da Grand Falls-Windsor e a 20 km dalla rete elettrica provinciale.
I nuovi permessi ampliano le attività approvate includendo prospezione, mappatura geologica e campionamento geochimico delle rocce, supportando gli sforzi dell'azienda per espandere la base delle risorse ed esplorare nuovi obiettivi lungo la direzione della mineralizzazione.
Callinex Mines (OTCQX:CLLXF) ha asegurado una subvención de 150.000 dólares del Programa de Asistencia para la Exploración Junior de Terranova y ha recibido permisos adicionales de exploración para su Proyecto Point Leamington. Los permisos, aprobados en un plazo de dos semanas desde la presentación, respaldarán la campaña de exploración de la compañía en 2025.
El Proyecto Point Leamington alberga un importante depósito VMS con recursos que incluyen un Recurso Mineral Indicado limitado a tajo de 5,0 Mt con una ley de 2,5 g/t AuEq (402 mil onzas AuEq) y un Recurso Inferido de 13,7 Mt con una ley de 2,24 g/t AuEq (986,5 mil onzas AuEq). El proyecto está estratégicamente ubicado a 37 km de Grand Falls-Windsor y a 20 km de la red eléctrica provincial.
Los nuevos permisos amplían las actividades aprobadas para incluir prospección, mapeo geológico y muestreo geoquímico de rocas, apoyando los esfuerzos de la compañía para ampliar su base de recursos y explorar nuevos objetivos a lo largo de la extensión del depósito.
Callinex Mines (OTCQX:CLLXF)는 뉴펀들랜드 주의 주니어 탐사 지원 프로그램으로부터 15만 달러 보조금을 확보했으며, Point Leamington 프로젝트를 위한 추가 탐사 허가를 받았습니다. 제출 후 2주 이내에 승인된 이 허가는 회사의 2025년 탐사 캠페인을 지원할 예정입니다.
Point Leamington 프로젝트는 상당한 VMS 매장지를 보유하고 있으며, 자원에는 갱도 제약된 5.0 Mt의 표시된 광물 자원, 등급 2.5 g/t AuEq (402,000 온스 AuEq)과 추정 자원 13.7 Mt, 등급 2.24 g/t AuEq (986,500 온스 AuEq)이 포함됩니다. 이 프로젝트는 Grand Falls-Windsor에서 37km, 주 전력망에서 20km 떨어진 전략적 위치에 있습니다.
새로운 허가는 승인된 활동 범위를 확장하여 탐사, 지질 지도 작성, 지구화학적 암석 샘플링을 포함하며, 회사가 자원 기반을 확장하고 매장지 연장선상의 새로운 목표를 탐사하는 노력을 지원합니다.
Callinex Mines (OTCQX:CLLXF) a obtenu une subvention de 150 000 $ du Programme d'assistance à l'exploration junior de Terre-Neuve et a reçu des permis d'exploration supplémentaires pour son projet Point Leamington. Les permis, approuvés dans les deux semaines suivant leur soumission, soutiendront la campagne d'exploration de l'entreprise en 2025.
Le projet Point Leamington abrite un important gisement VMS avec des ressources comprenant une ressource minérale indiquée limitée à la fosse de 5,0 Mt à une teneur de 2,5 g/t AuEq (402 000 oz AuEq) et une ressource présumée de 13,7 Mt à une teneur de 2,24 g/t AuEq (986 500 oz AuEq). Le projet est stratégiquement situé à 37 km de Grand Falls-Windsor et à 20 km du réseau électrique provincial.
Les nouveaux permis étendent les activités approuvées pour inclure la prospection, la cartographie géologique et l'échantillonnage géochimique des roches, soutenant les efforts de l'entreprise pour étendre sa base de ressources et explorer de nouvelles cibles le long de la direction du gisement.
Callinex Mines (OTCQX:CLLXF) hat einen Förderbetrag von 150.000 US-Dollar vom Junior Exploration Assistance Program von Neufundland erhalten und zusätzliche Explorationsgenehmigungen für sein Point Leamington Projekt erhalten. Die Genehmigungen, die innerhalb von zwei Wochen nach Einreichung genehmigt wurden, unterstützen die Explorationskampagne des Unternehmens für 2025.
Das Point Leamington Projekt beherbergt eine bedeutende VMS-Lagerstätte mit Ressourcen, darunter eine Grubenbegrenzte Indizierte Mineralressource von 5,0 Mt mit einem Gehalt von 2,5 g/t AuEq (402.000 Unzen AuEq) und eine Indizierte Ressource von 13,7 Mt mit einem Gehalt von 2,24 g/t AuEq (986.500 Unzen AuEq). Das Projekt liegt strategisch 37 km von Grand Falls-Windsor und 20 km vom provinziellen Stromnetz entfernt.
Die neuen Genehmigungen erweitern die genehmigten Aktivitäten um Prospektion, geologische Kartierung und geochemische Gesteinsprobenahme, um die Bemühungen des Unternehmens zu unterstützen, die Ressourcenbasis zu erweitern und neue Ziele entlang des Streichens der Lagerstätte zu erkunden.
- Secured $150,000 grant from Newfoundland's JEA Program for exploration
- Rapid permit approval (2 weeks) demonstrates favorable regulatory environment
- Significant mineral resource base with 402 koz AuEq Indicated and 986.5 koz AuEq Inferred resources
- Strategic location near infrastructure (37km from Grand Falls-Windsor, 20km from power grid)
- None.
Highlights:
- Callinex Mines Inc. has been awarded a grant of up to
$150,000 t hrough the Newfoundland and Labrador Junior Exploration Assistance (JEA) Program for its Point Leamington Project. - The Company has received additional exploration permits for the Pt. Leamington Project, approved two weeks after submission, highlighting Newfoundland’s streamlined and mining-friendly jurisdiction.
- The funding and permits support Callinex’s planned 2025 exploration campaign aimed at expanding the current resource base with new near surface mineralization and making discoveries along strike from the deposit.
- The JEA approval and rapid permit processing underscore Newfoundland’s supportive mining jurisdiction and align with Callinex’s strategy to advance high-potential critical mineral projects.
VANCOUVER, British Columbia, July 15, 2025 (GLOBE NEWSWIRE) -- Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that it has received approval for a grant of up to
Max Porterfield, President & CEO of Callinex Mines, stated, “We are thrilled to receive this significant financial support from the Newfoundland and Labrador JEA Program, alongside the rapid approval of additional exploration permits. The swift permitting process, with approvals granted just two weeks after submission, underscores Newfoundland’s reputation as a tier-one mining jurisdiction. This grant and the expanded permits position us to aggressively advance the Pt. Leamington Project, expanding the resource base and unlocking the critical mineral potential of this exciting project.”
The JEA grant, administered by the Department of Industry, Energy and Technology, Newfoundland and Labrador, supports the Company’s 2025 exploration plans targeting critical minerals as the primary exploration focus. The funding will contribute to exploration work aimed at expanding the Pt. Leamington Deposit and refining and testing exploration targets along strike. The additional permits expand the scope of approved activities to include prospecting, geologic mapping, and geochemical rock sampling within prospective areas of the broader land package, further advancing exploration efforts.
The Point Leamington Project, consisting of a mining lease and exploration claims, is located approximately 37km by road and trails from the City of Grand Falls-Windsor and approximately 20km from the provincial power grid. The Deposit is a large, felsic-hosted VMS deposit with a pit-constrained Indicated Mineral Resource of 5.0 Mt grading 2.5 g/t AuEq for 402 koz AuEq (145.7 koz gold, 60.0 Mlb copper, 153.5 Mlb zinc, 2.0 Moz silver, 1.5 Mlb lead), a pit-constrained Inferred Mineral Resource of 13.7 Mt grading 2.24 g/t AuEq for 986.5 koz AuEq (354.8 koz gold, 110.2 Mlb copper, 527.3 Mlb zinc, 6.2 Moz silver, 7.0 Mlb lead), and an out-of-pit Inferred Mineral Resource of 1.7 Mt grading 3.06 g/t AuEq for 168.5 koz AuEq (65.4 koz gold, 13.3 Mlb copper, 102.9 Mlb zinc, 1.4 Moz Ag, 2.6 Mlb lead) (see news release dated October 25, 2021).
The planned exploration campaign will leverage the recently secured two-year exploration permit (valid through June 2027) for ground geophysics and diamond drilling, as well as the newly approved permits for surface field exploration. These additional permits enable prospecting, geologic mapping, and geochemical sampling to refine high-priority targets identified from airborne electromagnetic anomalies along strike from the Deposit.
The JEA Program’s financial support and the Department of Natural Resources’ efficient permitting process highlight Newfoundland and Labrador’s commitment to fostering exploration and development of critical mineral resources.
Qualified Person
The technical information contained in this news release has been reviewed and approved by Aaryn Hutchins, P. Geo, a qualified person under NI 43-101. Ms. Hutchins is a consultant of the Company and is independent of the Company.
About Callinex Mines Inc.
Callinex Mines Inc. (TSXV: CNX) (OTCQX: CLLXF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The focus of the portfolio is highlighted by the
For additional information, please contact:
Callinex Mines Inc.
Max Porterfield, President and Chief Executive Officer
Phone: (604) 605-0885
E-mail: info@callinex.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete the proposed drill program and the timing and amount of expenditures. Except as required under applicable securities laws, Callinex does not assume the obligation to update any forward-looking statement.
FAQ
What is the size of the grant received by Callinex Mines (CLLXF) for the Point Leamington Project?
What are the current mineral resources at Callinex's Point Leamington Project?
Where is the Point Leamington Project located and what infrastructure is nearby?
What new activities are permitted under Callinex's additional exploration permits?
How long are Callinex's exploration permits valid for the Point Leamington Project?
